Wages in Iceland increased to 909000 ISK/Month in 2024 from 867000 ISK/Month in 2023. Wages in Iceland averaged 606941.18 ISK/Month from 2008 until 2024, reaching an all time high of 909000.00 ISK/Month in 2024 and a record low of 380000.00 ISK/Month in 2008. source: Statistics Iceland

Wages in Iceland is expected to reach 927180.00 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 946651.00 ISK/Month in 2027 and 966530.00 ISK/Month in 2028, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 223400.00 221800.00 Dec 2025
Employment Rate 76.90 75.60 percent Dec 2025
Labor Force Participation Rate 80.50 81.20 percent Dec 2025
Unemployed Persons 10500.00 16400.00 Dec 2025
Unemployment Rate 4.50 6.90 percent Dec 2025
Real Wage Growth 2.40 3.60 percent Dec 2025
Wages 909000.00 867000.00 ISK/Month Dec 2024
Youth Unemployment Rate 10.80 13.50 percent Dec 2025


Iceland Average Monthly Wage
Actual Previous Highest Lowest Dates Unit Frequency
909000.00 867000.00 909000.00 380000.00 2008 - 2024 ISK/Month Yearly

Compare: Wages by Country