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Ruby Developer Average Salary in Iceland 2024

How much money does a person working as Ruby Developer make in Iceland?


Average Monthly Salary
577,000 ISK
( 6,930,000 ISK yearly)

LOW
266,000
ISK
AVERAGE
577,000
ISK
HIGH
918,000
ISK
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Ruby Developer in Iceland typically earns around 577,000 ISK. Salaries range from 266,000 ISK (lowest) to 918,000 ISK (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Ruby Developer salaries in Iceland vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Ruby Developer Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Ruby Developer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
548,000 ISK or more
10% of people earn
480,000 to 548,000 ISK
20% of people earn
330,000 ISK or less
65% of people earn
330,000 to 480,000 ISK
Minimum Salary
266,000 ISK
Median
552,000 ISK
Maximum
918,000 ISK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Ruby Developer in Iceland range from 266,000 ISK (starting salary) to 918,000 ISK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 552,000 ISK, half of the professionals who work as Ruby Developer in Iceland earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Ruby Developer in Iceland earn less than 445,000 ISK, while 75% earn more. Similarly, the chart shows that 75% earn less than 636,000 ISK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Ruby Developer in Iceland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 330,000 ISK to 480,000 ISK. About 20% of salaries are below the 330,000 ISK mark, while 10% fall within the range of 480,000 ISK to 548,000 ISK. Only 5% of individuals have salaries exceeding 548,000 ISK.

Salary Comparison by Years of Experience / Ruby Developer / Iceland

How do experience and age affect pay?

0 - 2 Years
301,000 ISK
2 - 5 Years+34%
403,000 ISK
5 - 10 Years+48%
595,000 ISK
10 - 15 Years+22%
725,000 ISK
15 - 20 Years+9%
791,000 ISK
20+ Years+8%
856,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Iceland Ruby Developer
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Ruby Developer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 301,000 ISK.

While someone with an experience level between two and five years is expected to earn 403,000 ISK, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 595,000 ISK, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 725,000 ISK, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 791,000 ISK, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 856,000 ISK, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Ruby Developer / Iceland

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Ruby Developer.

Certificate or Diploma
344,000 ISK
Bachelor's Degree+57%
540,000 ISK
Master's Degree+68%
905,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Iceland Ruby Developer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Ruby Developer in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 344,000 ISK.


Level 2: Bachelor's Degree

At this level, the average salary becomes 540,000 ISK, 57% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 905,000 ISK, 68% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Iceland costs anywhere from 3,450,000 ISK to 10,300,000 ISK and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Ruby Developer / Iceland

Salary comparison by gender Iceland Ruby Developer monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Ruby Developer in Iceland, the average difference between the salary of male and female employees is 5%.

Male
590,000 ISK
Female-4%
564,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Iceland for all Careers

Salary comparison by gender monthly Iceland
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Average Annual Salary Increment Percentage / Ruby Developer / Iceland

How much are annual salary increments in Iceland for individuals working as Ruby Developer? How often do employees get salary raises?

Individuals working as Ruby Developer in Iceland are likely to observe a salary increase of approximately 6% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Iceland Ruby Developer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Iceland / All Professions

Annual Salary Increment Rate Iceland
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Iceland is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Ruby Developer / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Ruby Developer
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59% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 41% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
41%
No Bonus
59%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Ruby Developer / Iceland


3,330 ISK per hour

The average hourly wage (pay per hour) for individuals working as Ruby Developer in Iceland is 3,330 ISK.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed 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 the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Ruby Developer in Iceland is 1,530 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Information Technology-100%
ABAP Developer584,000 ISK+1%
Android Developer591,000 ISK+2%
Angular Developer539,000 ISK-7%
Angular JS Programmer546,000 ISK-5%
Application Developer629,000 ISK+9%
AS400 Programmer647,000 ISK+12%
Assembly Developer634,000 ISK+10%
Avaloq Developer586,000 ISK+2%
Back End Developer656,000 ISK+14%
BizTalk Developer 641,000 ISK+11%
Build and Release Engineer553,000 ISK-4%
Business Intelligence Developer682,000 ISK+18%
Business Objects Developer619,000 ISK+7%
C Developer711,000 ISK+23%
C# Developer656,000 ISK+14%
C++ Developer660,000 ISK+14%
Chatbot Developer574,000 ISK-1%
Clojure Developer794,000 ISK+38%
CMS Developer546,000 ISK-5%
Computer Programmer654,000 ISK+13%
Curam Developer517,000 ISK-10%
Dart Developer448,000 ISK-22%
Delphi Developer703,000 ISK+22%
Developer / Programmer613,000 ISK+6%
Developer Evangelist665,000 ISK+15%
DevOps Engineer659,000 ISK+14%
Django Specialist620,000 ISK+7%
Driver Developer656,000 ISK+14%
Elixir Developer844,000 ISK+46%
Embedded Software Developer626,000 ISK+8%
Erlang Developer829,000 ISK+44%
Flash Developer526,000 ISK-9%
Front End Developer515,000 ISK-11%
Front End Web Developer524,000 ISK-9%
Full Stack Developer629,000 ISK+9%
Game Developer560,000 ISK-3%
GIS Developer588,000 ISK+2%
Go Developer826,000 ISK+43%
Graphical User Interface ( GUI ) Programmer533,000 ISK-8%
Graphics Programmer525,000 ISK-9%
Groovy Developer735,000 ISK+27%
Haskell Developer698,000 ISK+21%
Imaging Programmer532,000 ISK-8%
Information Systems Developer606,000 ISK+5%
IOS Developer680,000 ISK+18%
Java Developer657,000 ISK+14%
Javascript Developer612,000 ISK+6%
jQuery Specialist652,000 ISK+13%
Kotlin Developer748,000 ISK+30%
Laravel Specialist619,000 ISK+7%
Lead Developer760,000 ISK+32%
Lisp Developer817,000 ISK+42%
Lua Developer733,000 ISK+27%
MATLAB Developer666,000 ISK+15%
Mobile Developer651,000 ISK+13%
Multimedia Developer531,000 ISK-8%
NextJs Specialist579,000 ISK+0%
Nodejs Developer670,000 ISK+16%
Objective-C Developer701,000 ISK+21%
Oracle Developer677,000 ISK+17%
Perl Developer515,000 ISK-11%
PHP Developer538,000 ISK-7%
PowerShell Developer565,000 ISK-2%
Python Developer647,000 ISK+12%
R Language Developer746,000 ISK+29%
React Specialist709,000 ISK+23%
Remedy Developer527,000 ISK-9%
Robotic Process Automation Developer526,000 ISK-9%
Ruby Developer577,000 ISK-0%
Rust Developer765,000 ISK+33%
Salesforce Developer476,000 ISK-18%
SAS Programmer544,000 ISK-6%
Scala Developer803,000 ISK+39%
Sharepoint Developer684,000 ISK+18%
Software Developer635,000 ISK+10%
Software Development Manager867,000 ISK+50%
Software QA Engineer603,000 ISK+4%
Software Test Engineer569,000 ISK-1%
Swift Developer769,000 ISK+33%
Teradata Developer515,000 ISK-11%
TIBCO Developer522,000 ISK-10%
TypeScript Developer691,000 ISK+20%
UI Engineer631,000 ISK+9%
User Experience Designer562,000 ISK-3%
VB Developer467,000 ISK-19%
VB.NET Developer616,000 ISK+7%
Visual Basic Developer503,000 ISK-13%
VueJs Specialist637,000 ISK+10%
WordPress Specialist619,000 ISK+7%
Zig Developer810,000 ISK+40%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Iceland is 25% on average across all career fields.

Private Sector
614,000 ISK
Public Sector+25%
765,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Ruby Developer in Iceland?

A good and competitive compensation would range anywhere between 552,000 ISK and 636,000 ISK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Ruby Developer in Iceland ranges from 266,000 ISK to 445,000 ISK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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