Technology Development Engineer Manufacturing salary in Iceland

Average Yearly Salary of Technology Development Engineer Manufacturing in Iceland is approximately 16,372,197 ISK (114,371 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 Technology Development Engineer Manufacturing do?

A Technology Development Engineer in Manufacturing is responsible for designing, developing, and implementing new technologies and processes within a manufacturing environment. They work closely with cross-functional teams to identify areas for improvement, conduct research and analysis, and propose innovative solutions to enhance productivity, efficiency, and quality. This occupation involves staying up-to-date with the latest advancements in technology and industry best practices to drive continuous improvement and optimize manufacturing operations. Key responsibilities may include conducting feasibility studies, prototyping and testing new technologies, collaborating with suppliers and vendors, troubleshooting technical issues, and providing technical support to production teams. Strong analytical skills, problem-solving abilities, and knowledge of manufacturing processes are essential for success in this role.

Skills: Technology Development Engineer, Manufacturing Engineer, Process Improvement, Innovation, Manufacturing Operations, Continuous Improvement.
Job industry: Manufacturing

How much does Technology Development Engineer Manufacturing make?

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


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Salary comparison to National average

Is Technology Development Engineer Manufacturing a well paid job?

Yes, our data shows that Technology Development Engineer Manufacturing 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 Technology Development Engineer Manufacturing?

High salary for Technology Development Engineer Manufacturing would be somewhere between 18,009,417 ISK and 23,739,686 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Technology Development Engineer Manufacturing 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: 16,372,197 ISK
Estimated Monthly Salary: 1,364,350 ISK
Estimated Weekly Salary: 314,850 ISK per week
Estimated Hourly Salary: 7,871 ISK per hour
By working as Technology Development Engineer Manufacturing a person can save up to 6,802 USD per month or 81,625 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 Technology Development Engineer Manufacturing

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.

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Data as of 2025

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