Technical Engineer salary in Iceland

Average Yearly Salary of Technical Engineer in Iceland is approximately 12,944,792 ISK (90,596 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 Technical Engineer do?

A technical engineer is a professional responsible for designing, developing, and maintaining various technical systems and equipment. They work across different industries, including manufacturing, construction, telecommunications, and information technology. Their main role is to analyze technical requirements, create design plans, and oversee the implementation and testing of systems. Technical engineers also troubleshoot and resolve any issues that may arise during the operation of these systems. They possess a strong understanding of engineering principles and use their knowledge to ensure that systems are efficient, reliable, and meet industry standards. They may specialize in specific areas such as software engineering, electrical engineering, mechanical engineering, or civil engineering, depending on the nature of the organization they work for.

Skills: Technical Engineer, Systems Design, Troubleshooting, Engineering Principles, Industry Standards, System Implementation
Job industry: Engineering

How much does Technical 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 Technical Engineer a well paid job?

Yes, our data shows that Technical Engineer 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 Technical Engineer?

High salary for Technical Engineer would be somewhere between 14,239,271 ISK and 18,769,948 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Technical 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: 12,944,792 ISK
Estimated Monthly Salary: 1,078,733 ISK
Estimated Weekly Salary: 248,938 ISK per week
Estimated Hourly Salary: 6,223 ISK per hour
By working as Technical Engineer a person can save up to 4,821 USD per month or 57,850 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 Technical 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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