Team Lead Software Development salary in Iceland

Average Yearly Salary of Team Lead Software Development in Iceland is approximately 21,853,919 ISK (152,998 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 Team Lead Software Development do?

The occupation of a Team Lead Software Development involves overseeing and managing a team of software developers to ensure the successful execution of software projects. The Team Lead is responsible for coordinating with stakeholders, understanding project requirements, and assigning tasks to team members. They provide technical guidance and support to the team, ensuring adherence to coding standards and best practices. Additionally, they monitor project progress, identify and resolve issues, and ensure timely delivery of high-quality software solutions. The role requires strong leadership skills, excellent communication, and the ability to effectively manage resources and prioritize tasks.

Skills: Team Lead, Software Development, Project Management, Technical Guidance, Leadership Skills, Communication Skills
Job industry: Software development

How much does Team Lead Software Development make?

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


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Salary comparison to National average

Is Team Lead Software Development a well paid job?

Yes, our data show that Team Lead Software Development 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 Team Lead Software Development?

High salary for Team Lead Software Development would be somewhere between 24,039,311 ISK and 31,688,183 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Team Lead Software Development 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: 21,853,919 ISK
Estimated Monthly Salary: 1,821,160 ISK
Estimated Weekly Salary: 420,268 ISK per week
Estimated Hourly Salary: 10,507 ISK per hour
By working as Team Lead Software Development a person can save up to 10,021 USD per month or 120,252 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 Team Lead Software Development

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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