Nurse Salary In Iceland
The nurse salary in Iceland is a bit higher than what you’re used to making in the United States. The average nurse salary in Iceland is $40,000 per year, but that’s only an average. In reality, nurses make more than that in some areas of the country and less than that in others.
Nurse Salary In Iceland
If you’re on a mission to find the highest paying jobs available to you as a nurse in Iceland, then you’ll want to look into working at one of the hospitals located in Reykjavik. These hospitals are often willing to pay their nurses up to $45,000 per year—an increase from what you’d make working at other health facilities around the country. However, if you’re looking for a more rural experience with low cost of living, then it might be best for you to seek out opportunities outside of Reykjavik or even outside of Iceland altogether (like Australia).
Nurse Salary In Iceland
A person working as a Nurse in Iceland typically earns around 499,000 ISK per month. Salaries range from 230,000 ISK (lowest) to 794,000 ISK (highest).
This is the average monthly salary including housing, transport, and other benefits. Nurse salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Nurse Salary Distribution in Iceland
The median, the maximum, the minimum, and the range
- Salary RangeNurse salaries in Iceland range from 230,000 ISK per month (minimum salary) to 794,000 ISK per month (maximum salary).
- Median SalaryThe median salary is 539,000 ISK per month, which means that half (50%) of people working as Nurse(s) are earning less than 539,000 ISK while the other half are earning more than 539,000 ISK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Nurse(s) are earning less than 346,000 ISK while 75% of them are earning more than 346,000 ISK. Also from the diagram, 75% of Nurse(s) are earning less than 720,000 ISK while 25% are earning more than 720,000 ISK.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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.
Nurse Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Nurse salaries by experience level and this is what we found.
A Nurse with less than two years of experience makes approximately 261,000 ISK per month.
While someone with an experience level between two and five years is expected to earn 348,000 ISK per month, 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 514,000 ISK per month, 48% more than someone with two to five 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.
Additionally, Nurse(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 627,000 ISK per month, 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 684,000 ISK per month, 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 740,000 ISK per month, 8% more than people with fifteen to twenty years of experience.
Nurse average salary change by experience in Iceland
| 0 – 2 Years | 261,000 ISK | |
| 2 – 5 Years | +34% | 348,000 ISK |
| 5 – 10 Years | +48% | 514,000 ISK |
| 10 – 15 Years | +22% | 627,000 ISK |
| 15 – 20 Years | +9% | 684,000 ISK |
| 20+ Years | +8% | 740,000 ISK |
Percentage increase and decrease are relative to the previous value
