Vendor Relations Specialist salary in Iceland

Average Yearly Salary of Vendor Relations Specialist in Iceland is approximately 8,928,918 ISK (62,303 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 Relations Specialist do?

A vendor relations specialist is responsible for managing and maintaining relationships with external vendors on behalf of an organization. Their main objective is to ensure effective communication, collaboration, and cooperation between the company and its vendors. They negotiate contracts, terms, and conditions, and oversee the procurement process to ensure that vendors deliver products or services in a timely manner and meet quality standards. Vendor relations specialists also handle any issues or disputes that may arise, acting as a mediator between the company and the vendor.

Skills: vendor management, supplier relations, contract negotiation, procurement, relationship management, conflict resolution.
Job industry: Human resources

How much does Vendor Relations Specialist make?

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


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Salary comparison to National average

Is Vendor Relations Specialist a well paid job?

Yes, our data show that Vendor Relations Specialist 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 Vendor Relations Specialist?

High salary for Vendor Relations Specialist would be somewhere between 9,821,810 ISK and 12,946,931 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor Relations Specialist 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: 8,928,918 ISK
Estimated Monthly Salary: 744,077 ISK
Estimated Weekly Salary: 171,710 ISK per week
Estimated Hourly Salary: 4,293 ISK per hour
By working as Vendor Relations Specialist a person can save up to 2,463 USD per month or 29,557 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 Relations Specialist

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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