Salary data in Iceland.
Replace salary assumptions with evidence. Compare salaries against reliable official statistics and see how they compare across countries, sectors, and regions.
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Enter a gross monthly salary in ISK to see how it compares with salaries across Iceland.
For Iceland, the comparison uses gross monthly salary in Icelandic krรณnur (ISK). The source publishes annual percentile cutoffs, so the position is an estimate.
Median โ the middle value: half of all employees earn more than this, and half earn less.
For salaries of 1 000, 1 500, and 6 000, the median is 1 500 โ the middle value โ while the average is 2 833, pulled upward by the highest salary.
That's why the median is a more realistic measure of a typical salary.
Median โ the middle value: half of all employees earn more than this, and half earn less. For salaries of 1 000, 1 500, and 6 000, the median is 1 500 โ the middle value โ while the average is 2 833, pulled upward by the highest salary. That's why the median is a more realistic measure of a typical salary.โ
Average โ the total of all salaries divided by the number of employees.
For salaries of 1 000, 1 500, and 6 000, the median is 1 500 โ the middle value โ while the average is 2 833, pulled upward by the highest salary.
That's why the median better reflects a typical salary.
Average โ the total of all salaries divided by the number of employees. For salaries of 1 000, 1 500, and 6 000, the median is 1 500 โ the middle value โ while the average is 2 833, pulled upward by the highest salary. That's why the median better reflects a typical salary.โ
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