Value Analysis Coordinator salary in Iceland

Average Yearly Salary of Value Analysis Coordinator in Iceland is approximately 10,159,002 ISK (70,611 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 Value Analysis Coordinator do?

A value analysis coordinator is responsible for analyzing and evaluating the value of products and services within an organization. They work closely with cross-functional teams including procurement, finance, and operations to identify opportunities for cost reduction and process improvement. The coordinator conducts research, gathers data, and performs cost-benefit analysis to determine the most effective solutions that align with the organization's goals and objectives. They also collaborate with suppliers and vendors to negotiate contracts and ensure quality and value for money. Additionally, they may develop and implement strategies to monitor and track the ongoing performance of products and services, identifying areas for further improvement. This role requires strong analytical skills, attention to detail, and the ability to effectively communicate findings and recommendations to stakeholders.

Skills: Value analysis, Cost reduction, Process improvement, Data analysis, Contract negotiation, Performance monitoring
Job industry: Supply chain management

How much does Value Analysis Coordinator make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Value Analysis Coordinator a well paid job?

Yes, our data show that Value Analysis Coordinator 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 Value Analysis Coordinator?

High salary for Value Analysis Coordinator would be somewhere between 11,174,902 ISK and 14,730,553 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Value Analysis Coordinator 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: 10,159,002 ISK
Estimated Monthly Salary: 846,584 ISK
Estimated Weekly Salary: 195,365 ISK per week
Estimated Hourly Salary: 4,884 ISK per hour
By working as Value Analysis Coordinator a person can save up to 3,155 USD per month or 37,865 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 Value Analysis Coordinator

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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