Store Owner Operator salary in Iceland

Average Yearly Salary of Store Owner Operator in Iceland is approximately 12,539,731 ISK (87,670 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 Store Owner Operator do?

A store owner operator is responsible for the overall management and operation of a retail establishment. They are involved in various aspects of the business, including purchasing inventory, setting prices, managing finances, supervising staff, and ensuring customer satisfaction. Store owner operators also handle marketing and promotion activities, such as advertising, organizing sales events, and maintaining an online presence. They monitor sales performance, analyze market trends, and make strategic decisions to maximize profits and minimize costs. Additionally, store owner operators are responsible for maintaining a clean and organized store environment, ensuring compliance with regulations, and managing inventory levels to meet customer demand.

Skills: Store owner, Retail management, Business operations, Inventory management, Customer service, Marketing and promotion
Job industry: Retail

How much does Store Owner Operator make?

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


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Salary comparison to National average

Is Store Owner Operator a well paid job?

Yes, our data shows that Store Owner Operator is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Store Owner Operator?

High salary for Store Owner Operator would be somewhere between 13,793,704 ISK and 18,182,610 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Store Owner Operator 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: 12,539,731 ISK
Estimated Monthly Salary: 1,044,978 ISK
Estimated Weekly Salary: 241,149 ISK per week
Estimated Hourly Salary: 6,029 ISK per hour
By working as Store Owner Operator a person can save up to 4,577 USD per month or 54,924 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 Store Owner Operator

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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