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IS

Average salary in Iceland

Average monthly earnings in Iceland: $6349 (2020), 5552 PPP$. Minimum wage, pay by occupation and gender pay gap.

$6,349/month
Average monthly earnings (2020)$6,349/month
Purchasing power (PPP$) — what the money buys locally$5,552 PPP
In local currency (2020)5,558
Monthly minimum wage (2024)$3,088/month
Monthly minimum wage · In local currency425,985
Gender pay gap (2020)22.8%

Average monthly earnings by occupation

2020 · ILOSTAT

ℹ️ Averages come from each country’s own official surveys, so the year and method differ between countries — compare with care. Earnings are gross (before tax) where the survey reports it.

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About this data

Earnings, minimum wages and the gender pay gap come from ILOSTAT, the International Labour Organization’s statistics database (CC BY 4.0). Each country reports from its own surveys, so we always show the latest year available for that country.

Local-currency figures are hard to compare across countries, so we also show purchasing-power-parity dollars (PPP$), which reflect what the money buys locally. Survey years and definitions differ, so use the numbers for broad comparison rather than salary negotiation.

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