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Average Salary in Keflavik 2019

How much money does a person working in Keflavik make?

520,244 ISK per month
Average Monthly Salary
A person working in Keflavik typically earns around 520,244 ISK per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Keflavik | All Jobs

Median and salary distribution monthly Keflavik

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Keflavik range between 70,417 ISK per month (minimum salary) to 2,303,719 ISK per month (maximum salary).

The median salary is 499,435 ISK per month, which means that half (50%) of the population are earning less than 499,435 ISK while the other half are earning more than 499,435 ISK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 256,433 ISK while 75% of them are earning more than 256,433 ISK. Also from the diagram, 75% of the population are earning less than 1,289,451 ISK while 25% are earning more than 1,289,451 ISK.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Salary Trend and Forecast in Keflavik

How are Keflavik salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

Salary trends and forecast monthly Keflavik
Average Salary 2016    =  
487,445 ISK
Average Salary 2017    +4%  
505,480 ISK
Average Salary 2018    +1%  
512,051 ISK
Average Salary 2019    +2%  
520,244 ISK
Percentage increase and decrease are relative to the previous value
Salaries in Keflavik are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accountant343,804 ISK
Administrative Assistant274,224 ISK
Architect449,050 ISK
Attorney750,827 ISK
Biomedical Engineer450,636 ISK
CAD Drafter389,800 ISK
Cashier282,118 ISK
Chartered Accountant443,788 ISK
Chef422,310 ISK
Chief Executive Officer1,128,472 ISK
Chief Financial Officer1,082,670 ISK
Civil Engineer465,421 ISK
Computer Technician382,401 ISK
Creative Director507,812 ISK
Dentist1,221,998 ISK
Developer / Programmer434,278 ISK
Electrical Engineer514,341 ISK
Elementary School Teacher346,572 ISK
Engineer460,744 ISK
Executive Chef441,099 ISK
Flight Attendant437,064 ISK
General Manager895,916 ISK
Graphic Designer371,583 ISK
Hotel Manager785,746 ISK
Human Resources Manager739,673 ISK
Internal Auditor538,028 ISK
Journalist514,341 ISK
Legal Assistant385,123 ISK
Mechanical Engineer511,808 ISK
Nurse419,522 ISK
Pharmacist587,624 ISK
Photographer354,328 ISK
Pilot586,349 ISK
Police Officer405,197 ISK
Project Manager561,312 ISK
Receptionist275,874 ISK
Sales Manager844,594 ISK
Sales Representative329,356 ISK
Secondary School Teacher403,306 ISK
Secretary279,331 ISK
Teacher378,439 ISK
Teller336,787 ISK
Travel Agent426,533 ISK
Waiter / Waitress325,873 ISK

Average Hourly Wage in Keflavik | All Jobs

3,001 ISK per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Keflavik | All Jobs is 3,001 ISK. This means that the average person in Keflavik earns approximatly 3,001 ISK for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Keflavik VS Iceland

Salary Comparison Between Keflavik and Iceland monthlyWe compared salaries in Keflavik and Iceland and we found that Keflavik salaries are 25% less than those of Iceland.

Salary Comparison By City

CityAverage Salary
Reykjavik730,369 ISK
520000 - 2
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