Discover the salary of a Chemical Engineer job in Iceland. Get insights into the average pay scale, compensation benefits, and factors that influence salary. Explore the earning potential and competitive remuneration packages offered in this dynamic field. Stay informed about the latest industry trends and find out how your qualifications and experience can impact your earning potential as a Chemical Engineer.
What is the average Chemical Engineer salary in Iceland in 2024?
Average Chemical Engineer monthly salary
19,100USD
(USD 229,000 yearly)
Low16,300USD
Average19,100USD
High22,000USD
On average, employees in Iceland earn about USD 19,100 per month. The salary range varies between USD 16,300 (lowest average) and USD 22,000 (highest average, actual maximum salary is higher). This figure represents the average salary inclusive of perks like housing, transportation, etc. The salary spectrum greatly differs across different professions. If you are curious about the salary of a particular job, kindly refer to the specific job title salaries below.
Chemical Engineer Pay Scale and Salaries in Iceland
Pay Scale Comparison and Salary Structure
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Salary Structure
In Iceland, nearly everyone working as a Chemical Engineer earns less than USD 37,200. Approximately 75% of Chemical Engineers in Iceland earn USD 11,700 or less. Half of the employees in Iceland who work as Chemical Engineers earn less than USD 8,200, while the remaining 25% of Chemical Engineers in Iceland earn less than USD 6,200.
Minimum Wage and Starting Salary
Minimum Wage and Starting Salary, specific to Chemical Engineer, refers to the fundamental pay levels for entry-level positions in this field. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires in Chemical Engineer, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Iceland, the minimum salary for Chemical Engineer is USD 16,300.
Median Salary
In Iceland, the median salary is USD 15,100. Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries.
Salary range and Percentile
Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Iceland, the salary for the position of Chemical Engineer typically ranges from USD 16,300 to USD 22,000.
