Vendor salary in Iceland

Average Yearly Salary of Vendor in Iceland is approximately 5,605,355 ISK (39,192 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 Vendor do?

A vendor is an individual or business entity that sells goods or services to customers. They can operate in various settings, such as retail stores, markets, online platforms, or through direct sales. Vendors are responsible for sourcing and procuring products, maintaining inventory, pricing items, engaging with customers, and completing sales transactions. They must have a good understanding of the market, customer preferences, and industry trends to ensure they offer competitive products and prices. Vendors also need strong communication and negotiation skills to build relationships with suppliers and customers. They may specialize in specific product categories or offer a wide range of items. Overall, vendors play a crucial role in connecting customers with the products they desire.

Skills: Vendor, Sales, Retail, Inventory Management, Customer Service, Procurement
Job industry: Retail

How much does Vendor make?

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


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Salary comparison to National average

Is Vendor a well paid job?

No, our data shows that Vendor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Vendor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Vendor?

High salary for Vendor would be somewhere between 6,165,891 ISK and 8,127,765 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor 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: 5,605,355 ISK
Estimated Monthly Salary: 467,113 ISK
Estimated Weekly Salary: 107,795 ISK per week
Estimated Hourly Salary: 2,695 ISK per hour
By working as Vendor a person can save up to 537 USD per month or 6,446 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 Vendor

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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