Senior Tooling Engineer salary in Iceland

Average Yearly Salary of Senior Tooling Engineer in Iceland is approximately 18,785,252 ISK (131,872 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Senior Tooling Engineer do?

A senior tooling engineer is responsible for designing, developing, and implementing tools and equipment used in manufacturing processes. They work closely with cross-functional teams to understand production requirements and develop innovative solutions to enhance productivity, efficiency, and quality. Senior tooling engineers also provide technical expertise and guidance to junior engineers and technicians in the design, fabrication, and maintenance of tools and equipment. They conduct feasibility studies, cost analysis, and risk assessments to ensure the successful implementation of new tooling technologies. Additionally, they collaborate with suppliers to source and evaluate new materials and technologies that can improve tooling performance.

Skills: senior tooling engineer, manufacturing, tool design, equipment development, process improvement, technical expertise
Job industry: Manufacturing

How much does Senior Tooling Engineer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Senior Tooling Engineer a well paid job?

Yes, our data show that Senior Tooling Engineer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Senior Tooling Engineer?

High salary for Senior Tooling Engineer would be somewhere between 20,663,777 ISK and 27,238,615 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Tooling Engineer in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 18,785,252 ISK
Estimated Monthly Salary: 1,565,438 ISK
Estimated Weekly Salary: 361,255 ISK per week
Estimated Hourly Salary: 9,031 ISK per hour
By working as Senior Tooling Engineer a person can save up to 8,261 USD per month or 99,126 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Senior Tooling Engineer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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