What is the minimum wage in Iceland?

Officially, there is no minimum salary in Iceland. However minimum salaries are determined by collectively bargained agreements which usually engulf one economic sector.

Do jobs in Iceland pay well?

Icelandic employees make an average salary of 32 USD per hour, 5,538 USD per month, and 66,460 USD per year. The average salary comes to 3,278 USD per month after deductions. Iceland's average salaries are among the highest in Europe, with Reykjavik, Hafnarfjorour, and Akranes offering the highest wages in the country.

What's the average income in Iceland?

Iceland Annual Household Income per Capita reached 52,407.226 USD in Dec 2020, compared with the previous value of 56,042.238 USD in Dec 2019. Iceland Annual Household Income per Capita data is updated yearly, available from Dec 1990 to Dec 2020, with an averaged value of 35,887.331 USD.

What is the average monthly wage in Iceland?

What is the average salary in Iceland? Icelandic employees make an average gross salary of $66,460 a year, $5,537.85/month, and $31.96 an hour. After deductions, the average salary comes down to around $3,278 per month, putting Iceland's salaries among the highest in Europe.

What jobs pay well in Iceland?

How much is the salary in Iceland?

Is healthcare in Iceland free?

State healthcare in Iceland is not completely free. Healthcare costs are covered by the state (through the Icelandic Health Insurance fund) and through patient contributions. Patient contributions are capped each month. Once you've spent a certain amount, your state healthcare is free for the rest of the month.

Do Icelanders pay heat?

In Reykjavik, the annual cost of heating for a 100 square meter apartment (around 1,080 square feet) and an estimated use of 495 tons of oil equivalent/ annually, the cost is EUR 648 ($724), compared to this – residents of Helsinki, the capital of Finland pay nearly five times the amount or EUR 3,243 ($3,623) per year.

What is the unemployment rate in Iceland?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Iceland unemployment rate for 2020 was 5.01%, a 1.5% increase from 2019. Iceland unemployment rate for 2019 was 3.51%, a 0.81% increase from 2018.

Is there crime in Iceland?

Iceland is considered by many as one of the safest countries in the world to live in, with very low crime and murder rates. For instance, the country has the lowest murder rate in Europe, and only one person was killed on the island in 2019.

How much is a cleaner paid in Iceland?

How much money does a Cleaner make in Iceland? A person working as a Cleaner in Iceland typically earns around 184,000 ISK per month. Salaries range from 84,700 ISK (lowest) to 293,000 ISK (highest). This is the average monthly salary including housing, transport, and other benefits.

Can you work in Iceland only speaking English?

While Icelandic is the official language, appr. 98% of Icelanders speak English fluently, so the latter is enough to start a new life in Iceland. If you are not a native speaker, note that fluency is absolutely required if you want to do anything other than housekeeping or dishwashing.

What jobs are in demand in Iceland?

In particular, the healthcare, construction, IT and tourism sectors are in need of workers. This can be attributed to a number of factors - for instance, disability rates in Iceland are increasing, and new technology is being developed at a faster rate than workers can be trained to use it.

Are wages high in Iceland?

Wages in Iceland averaged 535846.15 ISK/Month from 2008 until 2020, reaching an all time high of 731000 ISK/Month in 2020 and a record low of 380000 ISK/Month in 2008. This page provides - Iceland Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Does Iceland pay extra for night shift?

Overtime is during night shifts (between midnight and 7 AM) the first 162.5 hours are calculated at the rate of 0.9375% of your monthly salary. It is possible to request overtime as extra holiday days instead of pay, in which case one hour of overtime translates to one hour and forty minutes of a holiday.

How long are shifts at Iceland?

Normal hours are from 5am- 9am although there are occasions that the start the would be earlier during exceptionally busy... What are the shifts for a delivery driver?

What is the poverty rate in Iceland?

The at-risk-of-poverty rate was 9% in Iceland in 2018, with 31,400 individuals living in households with disposable income below the at-risk-of-poverty threshold. The at-risk-of-poverty rate was lower in Iceland than in the other Nordic countries, where it was between 12% and 16.4%.

What language is mostly spoken in Iceland?

Icelandic has been spoken in Iceland since the country was settled in the 9th century and has changed little since then. Icelandic has been spoken in Iceland since the country was settled in the 9th century and has changed little since then.

Is electric free in Iceland?

It's an emerging form of electricity generation but one which has a lot of potential – it's reliable and doesn't cause emissions or pollution. Even better, you don't need to worry about rising fuel costs because the energy is free. This is good news given Iceland's precarious financial situation.

Do Icelanders pay water?

Icelandic homes spend on average only a third of what Danish homes spend on electricity and water and sewage utilities.

How much is an electricity bill in Iceland?

Household electricity prices in Iceland using between 2.500 and 5.000 per kilowatt-hour (kWh) averaged 13.41 euro cents per kWh in the first half of 2020.

Is abortion legal in Iceland?

Abortion in Iceland has been legal in specific medical and social circumstances since 22 May 1975. Under the current law, enacted in 2019, abortion on request is legal until the end of the 22nd week of pregnancy. The abortion rate in Iceland is relatively high, in comparison to other Nordic countries.

Is college free in Iceland?

The country is well known for strong programmes in Icelandic language and literature, glaciology, and geology. There are no tuition fees at the state universities (although there are registration fees), and student loans are available to cover living expenses and school materials.

Is Iceland a good place to live?

If you are considering a move to Iceland, you have probably seen how well Iceland scores in many of the life indexes. Indeed, Icelandic living standards are very high, extremely safe, with high-quality education, modern infrastructure, and stable government.