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Chef Average Salary in Iceland 2024

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

Average Monthly Salary
388,000 ISK
( 4,660,000 ISK yearly)

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 Chef in Iceland typically earns around 388,000 ISK. Salaries range from 179,000 ISK (lowest) to 617,000 ISK (highest).

Salary Variance

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

Chef Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Chef monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
368,000 ISK or more
10% of people earn
323,000 to 368,000 ISK
20% of people earn
222,000 ISK or less
65% of people earn
222,000 to 323,000 ISK
Minimum Salary
179,000 ISK
371,000 ISK
617,000 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 Chef in Iceland range from 179,000 ISK (starting salary) to 617,000 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 371,000 ISK, half of the professionals who work as Chef 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 Chef in Iceland earn less than 299,000 ISK, while 75% earn more. Similarly, the chart shows that 75% earn less than 428,000 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 Chef in Iceland compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 222,000 ISK to 323,000 ISK. About 20% of salaries are below the 222,000 ISK mark, while 10% fall within the range of 323,000 ISK to 368,000 ISK. Only 5% of individuals have salaries exceeding 368,000 ISK.

Salary Comparison by Years of Experience / Chef / Iceland

How do experience and age affect pay?

0 - 2 Years
203,000 ISK
2 - 5 Years+34%
271,000 ISK
5 - 10 Years+48%
400,000 ISK
10 - 15 Years+22%
488,000 ISK
15 - 20 Years+9%
532,000 ISK
20+ Years+8%
576,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Iceland Chef
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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 Chef 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 203,000 ISK.

While someone with an experience level between two and five years is expected to earn 271,000 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 400,000 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 488,000 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 532,000 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 576,000 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 / Chef / Iceland

How do education levels affect salaries?

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

High School
236,000 ISK
Certificate or Diploma+93%
455,000 ISK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Iceland Chef
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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 Chef in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 236,000 ISK.

Level 2: Certificate or Diploma

At this level, the average salary becomes 455,000 ISK, 93% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Chef / Iceland

Salary comparison by gender Iceland Chef 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 Chef in Iceland, the average difference between the salary of male and female employees is 5%.

397,000 ISK
379,000 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 / Chef / Iceland

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

Individuals working as Chef in Iceland are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Iceland Chef
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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 / Chef / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Chef
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60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Chef / Iceland

2,240 ISK per hour

The average hourly wage (pay per hour) for individuals working as Chef in Iceland is 2,240 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 Chef in Iceland is 1,030 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
Food / Hospitality / Tourism / Catering-100%
Airbnb Property Manager705,000 ISK+82%
All Rounder250,000 ISK-36%
Assistant Executive Housekeeper200,000 ISK-48%
Assistant Food and Beverage Controller385,000 ISK-1%
Assistant Food and Beverage Director862,000 ISK+120%
Assistant Hospitality Manager902,000 ISK+130%
Assistant Storekeeper176,000 ISK-55%
Assistant Tour Manager420,000 ISK+8%
Baker and Pastrycook218,000 ISK-44%
Bakery Manager479,000 ISK+23%
Bakery Superintendent312,000 ISK-20%
Banquet Captain260,000 ISK-33%
Banquet Manager331,000 ISK-15%
Banquet Server219,000 ISK-44%
Bar Attendant208,000 ISK-46%
Bar Manager429,000 ISK+10%
Bar Supervisor295,000 ISK-24%
Barista252,000 ISK-35%
Bartender245,000 ISK-37%
Bellman200,000 ISK-48%
Beverage Manager499,000 ISK+29%
Bistro Attendant221,000 ISK-43%
Buffet Chef374,000 ISK-4%
Buffet Host202,000 ISK-48%
Buffet Manager451,000 ISK+16%
Butcher and Slaughterer169,000 ISK-56%
Cafeteria Assistant222,000 ISK-43%
Cafeteria Manager384,000 ISK-1%
Cafeteria Supervisor302,000 ISK-22%
Cake Decorator237,000 ISK-39%
Casino Shift Manager702,000 ISK+81%
Chain Store Customer Support340,000 ISK-12%
Chef388,000 ISK-0%
Chef De Cuisine561,000 ISK+44%
Club Manager736,000 ISK+90%
Cluster Director936,000 ISK+140%
Cluster Revenue Manager733,000 ISK+89%
Cocktail Server219,000 ISK-44%
Coffee Shop Manager701,000 ISK+81%
Concierge206,000 ISK-47%
Confectionery Baker232,000 ISK-40%
Conference and Sales Coordinator387,000 ISK-0%
Conference Services Manager484,000 ISK+25%
Cook335,000 ISK-14%
Corporate Sous Chef570,000 ISK+47%
Corporate Travel Consultant584,000 ISK+50%
Croupier278,000 ISK-28%
Culinary Assistant184,000 ISK-53%
Culinary Associate183,000 ISK-53%
Culinary Tour Guide494,000 ISK+27%
Demi Chef424,000 ISK+9%
Dietary Aide410,000 ISK+6%
Dining Room Supervisor353,000 ISK-9%
Dishwasher158,000 ISK-59%
Duty Manager473,000 ISK+22%
Events Coordinator322,000 ISK-17%
Executive Chef448,000 ISK+15%
Executive Pastry Chef370,000 ISK-5%
Fast Food Cook316,000 ISK-19%
Fast Food Shift Supervisor352,000 ISK-9%
Fine Dining Cook557,000 ISK+43%
Fine Dining Restaurant Chef560,000 ISK+44%
Fleet Manager983,000 ISK+150%
Food and Beverage Manager749,000 ISK+93%
Food and Beverage Trend Analyst517,000 ISK+33%
Food Consultant616,000 ISK+59%
Food Photographer413,000 ISK+6%
Food Policy Analyst554,000 ISK+43%
Food Safety Auditor515,000 ISK+33%
Food Safety Compliance Manager596,000 ISK+54%
Food Safety Coordinator454,000 ISK+17%
Food Server215,000 ISK-45%
Food Service Director807,000 ISK+110%
Food Service Manager825,000 ISK+110%
Food Service Sales520,000 ISK+34%
Food Service Worker201,000 ISK-48%
Food Stylist333,000 ISK-14%
Food Sustainability Consultant587,000 ISK+51%
Front Desk Agent246,000 ISK-37%
Front Desk Clerk230,000 ISK-41%
Front Office Manager437,000 ISK+13%
Gastronomy Consultant449,000 ISK+16%
Guest Service Executive687,000 ISK+77%
Guest Service Representative285,000 ISK-27%
Head Chef 489,000 ISK+26%
Head Concierge307,000 ISK-21%
Hospitality Director1,200,000 ISK+210%
Hospitality Technology Specialist510,000 ISK+31%
Hostess / Host250,000 ISK-36%
Hotel Desk Clerk246,000 ISK-37%
Hotel Maid171,000 ISK-56%
Hotel Manager1,220,000 ISK+210%
Hotel Revenue Manager720,000 ISK+85%
Hotel Sales Manager858,000 ISK+120%
Hotel Service Supervisor687,000 ISK+77%
Hotel Staff221,000 ISK-43%
Inventory Coordinator264,000 ISK-32%
Kitchen Manager417,000 ISK+7%
Kitchen Staff228,000 ISK-41%
Kitchen Supervisor341,000 ISK-12%
Line Cook381,000 ISK-2%
Luggage Porter173,000 ISK-55%
Molecular Gastronomist575,000 ISK+48%
Motel Manager685,000 ISK+76%
Pastry Chef345,000 ISK-11%
Pastrycooking and Baking Assistant233,000 ISK-40%
Personal Chef493,000 ISK+27%
Production Operator331,000 ISK-15%
Quality, Health and Safety Coordinator379,000 ISK-2%
Receptionist238,000 ISK-39%
Regional Restaurant Manager962,000 ISK+150%
Restaurant Manager819,000 ISK+110%
Restaurant Server197,000 ISK-49%
Room Reservations Manager808,000 ISK+110%
Room Service Manager767,000 ISK+98%
Sous Chef429,000 ISK+10%
Special Events Coordinator498,000 ISK+28%
Supervisor of Food Services565,000 ISK+46%
Sustainable Catering Coordinator492,000 ISK+27%
Sustainable Tourism Consultant544,000 ISK+40%
Tour Consultant567,000 ISK+46%
Tour Guide408,000 ISK+5%
Tour Manager510,000 ISK+31%
Travel Agent423,000 ISK+9%
Travel Consultant556,000 ISK+43%
Virtual / Augmented Reality Tourism Specialist507,000 ISK+31%
Waiter / Waitress211,000 ISK-46%
Wedding Planner644,000 ISK+66%

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 Chef in Iceland?

A good and competitive compensation would range anywhere between 371,000 ISK and 428,000 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 Chef in Iceland ranges from 179,000 ISK to 299,000 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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