Wages in Iceland increased to 982000 ISK/Month in 2025 from 912000 ISK/Month in 2024. Wages in Iceland averaged 627944.44 ISK/Month from 2008 until 2025, reaching an all time high of 982000.00 ISK/Month in 2025 and a record low of 380000.00 ISK/Month in 2008. source: Statistics Iceland

Wages in Iceland is expected to reach 990838.00 ISK/Month by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Average Monthly Wage is projected to trend around 1022545.00 ISK/Month in 2027 and 1053221.00 ISK/Month in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 216700.00 216100.00 Jul 2026
Employment Rate 73.80 74.60 percent Jul 2026
Labor Force Participation Rate 78.70 78.60 percent Jul 2026
Unemployed Persons 14500.00 11500.00 Jul 2026
Unemployment Rate 6.30 5.10 percent Jul 2026
Real Wage Growth 0.40 0.50 percent Jul 2026
Wages 982000.00 912000.00 ISK/Month Dec 2025
Youth Unemployment Rate 6.40 12.00 percent Jul 2026


Iceland Average Monthly Wage
Actual Previous Highest Lowest Dates Unit Frequency
982000.00 912000.00 982000.00 380000.00 2008 - 2025 ISK/Month Yearly

Compare: Wages by Country