The average monthly salary in Iceland is around 758,000 ISK, but skilled professionals can earn more depending on their industry and experience. IT, engineering, healthcare, and finance jobs usually offer higher salaries, often above 800,000 ISK per month. Entry-level roles in tourism or hospitality may pay less, but the work culture is fair and regulated. Salaries also include strong employee benefits like pension contributions, paid leave, and health insurance. Iceland’s taxes are higher than many countries, but social benefits are excellent, making the overall living standard very good.