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Cost Engineer Estimator Salary in Iceland
How much does a Cost Engineer Estimator make in Iceland?
15.160.848 ISK (ISK)/year
Average Bonus
523.049 ISK (ISK)
per Year
Total Compensation
15.485.196,26 ISK
Entry Level
10.670.205 ISK
Median
14.962.147 ISK
Senior Level
17.368.622 ISK
As of July, 23, 2026, the average cost engineer estimator gross salary in Iceland is 15.160.848 ISK or an equivalent hourly rate of 7.289 ISK. In addition, cost engineer estimators earn an average bonus of 523.049 ISK. An entry level cost engineer estimator with 1-3 years of experience earns an average salary of 10.670.205 ISK. At the higher end of the pay range, a senior level cost engineer estimator with 8+ years of experience earns an average salary of 17.368.622 ISK. Salary estimates are based on salary survey data collected directly from employers in Iceland.
Data powered by ERI
Salary Potential for a Cost Engineer Estimator
Explore the estimated salary growth for a Cost Engineer Estimator in Iceland for up to 5 years. The estimated salary of a Cost Engineer Estimator will be 16.021.454 ISK in 1 year and 19.980.925 ISK in 5 years.
View Salary by Year
Estimated Salary
16.930.911 ISK
Average Growth
11,7%
The estimated salary for a Cost Engineer Estimator in 2 years is 16.930.911 ISK, which is 11,7% average growth. This information is based on ERI's compensation database.
Typical Cost Engineer Estimator Education
This chart displays the highest level of education for Cost Engineer Estimators.
- 0% of Cost Engineer Estimators have less than a High School Diploma
- 6% of Cost Engineer Estimators have a High School Diploma
- 11% of Cost Engineer Estimators have an Associate's Degree
- 59% of Cost Engineer Estimators have a Bachelor's Degree
- 24% of Cost Engineer Estimators have a Master's Degree
- 0% of Cost Engineer Estimators have a Doctorate Degree
The typical field of study for a Cost Engineer Estimator is Mechanical Engineering.
See how education can impact your salaryPopular Skills for a Cost Engineer Estimator
Estimates costs
100%
Itemizes tools
29%
Project management
14%
Provides estimates
14%
These are the most popular skills for Cost Engineer Estimators. About 100% of Cost Engineer Estimators have a skill in Estimates costs. The top 3 most popular skills for Cost Engineer Estimators are estimates costs, itemizes tools, and project management.
See how skills can impact your salaryAre you getting paid what you're worth?
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Cost Engineer Estimator Salaries in Other Locations
Salaries for Similar Job Titles in Iceland
Cost Engineer Estimator Jobs
View moreCost of Living in Iceland
The cost of living in Iceland is equal to the national average.
0% equal to
than the national average
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Frequently Asked Questions
What does a Cost Engineer Estimator do?
Estimates costs for construction projects, manufacturing of engineering products, or other projects or services requested to aid management in bidding on or determining price of product or service. Determines type of materials or equipment requirements; utilizes knowledge of products to be manufactured, services to be performed, or type of structure to be built, using blueprints and specifications. This position is distinguished from other cost estimator positions.
How much does a Cost Engineer Estimator make in Iceland?
The average salary for a Cost Engineer Estimator is 15.160.848 ISK per year or 7.288,87 ISK per hour in Iceland. Top earners have reported making up to 17.368.622 ISK. However, the typical pay range in Iceland is between 10.670.205 ISK and 17.368.622 ISK annually.
What is the salary trajectory for a Cost Engineer Estimator?
Cost Engineer Estimator is projected to see a 31.8 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Cost Engineer Estimator salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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