Tool Designer Industrial salary in Iceland

Average Yearly Salary of Tool Designer Industrial in Iceland is approximately 9,976,698 ISK (69,917 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 Tool Designer Industrial do?

A tool designer in the industrial field is responsible for designing and developing tools and equipment used in manufacturing processes. They work closely with engineers and production teams to understand the requirements and specifications of the tools needed. The occupation requires a combination of technical knowledge, creativity, and problem-solving skills to design efficient and effective tools. Tool designers analyze product designs and manufacturing processes to determine the type of tools required. They create detailed drawings and specifications for the tools, including dimensions, materials, and manufacturing processes. They may also conduct tests and evaluations to ensure the tools meet quality and performance standards. Collaboration with suppliers and manufacturers is often necessary to ensure the successful production and implementation of the tools.

Skills: Tool Designer, Industrial, Manufacturing, Engineering, Design, Technical Skills
Job industry: Manufacturing

How much does Tool Designer Industrial make?

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


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Salary comparison to National average

Is Tool Designer Industrial a well paid job?

Yes, our data show that Tool Designer Industrial is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Tool Designer Industrial?

High salary for Tool Designer Industrial would be somewhere between 10,974,368 ISK and 14,466,212 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Tool Designer Industrial 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: 9,976,698 ISK
Estimated Monthly Salary: 831,392 ISK
Estimated Weekly Salary: 191,860 ISK per week
Estimated Hourly Salary: 4,796 ISK per hour
By working as Tool Designer Industrial a person can save up to 3,098 USD per month or 37,171 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 Tool Designer Industrial

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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