Table of Contents
What is the average monthly income in Iceland?
What is the average salary in Iceland? Icelandic employees make an average gross salary of $66,460 a year, $5,537.85/month, and $31.96 an hour. After deductions, the average salary comes down to around $3,278 per month, putting Iceland’s salaries among the highest in Europe.
How much does it cost to live in Iceland monthly?
Family of four estimated monthly costs are 4,366$ (567,267kr) without rent. A single person estimated monthly costs are 1,185$ (153,965kr) without rent. Cost of living in Iceland is, on average, 33.84\% higher than in United States. Rent in Iceland is, on average, 0.35\% lower than in United States.
What is the standard of living in Iceland?
Iceland ranks at the top in jobs and earnings, environmental quality and social connections, and above the average in income and wealth, subjective well-being, health status, personal security, civic engagement, and education and skills. It ranks below average in housing and work-life balance.
Is it affordable to live in Iceland?
According to data derived from Numbeo.com, Iceland is the world’s 4th most expensive country to live. The costs of living in Iceland, including groceries, transportation, restaurants and utilities, are, according to the infographic, 2.14\% higher than in New York.
What jobs pay well in Iceland?
Salary rankings by profession
| Job type | Median salary (USD) | Salary ranking compared to all cities |
|---|---|---|
| Finance Manager | $91,700 | 20/265 |
| Chemical Engineer | $86,759 | 11/265 |
| Hardware Engineer | $85,816 | 12/265 |
| Project Manager | $85,676 | 8/265 |
What is minimum wage in Iceland?
Because Iceland does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Iceland.
Why is Iceland poverty so low?
Poverty in Iceland Drops as Tourism Rises According to the Iceland Review, as of early 2015, around 9 percent of the population in the small country of Iceland fell into the low-income category. Recently, that number is steadily dropping thanks to a booming tourism industry.
What is the average salary in Iceland per month?
The average salary of 310,000 ISK per month (approximately 2900 USD) puts Iceland’s figures among the highest salaries in Europe.
Is it expensive to live in Iceland?
Unfortunately, like its Nordic relatives, the cost of living in Iceland is quite high. According to Expatistan, living expenses in Iceland are the 2 nd -highest in all of Western Europe, and are actually the 6 th highest in the world.
What are the benefits of living in Iceland?
In addition to the native Icelandic, Danish is also pretty much universal for the native people living in Iceland. Another huge mark in the plus column when it comes to the benefits of living in Iceland is the country’s consistently high rankings in citizen satisfaction.
Is it cheap to eat out in Iceland?
It’s definitely not cheap to eat out in Iceland! There are, of course, cheaper places to eat in Reykjavik. Hlemmur Food Hall is a great place to stop, as are bakeries and small cafés. Along with food, gasoline and diesel when you rent a car will be a significant part of your vacation budget.