Developer Algorithm
16.146.793 ISK (ISK)/yr
7.762,88 ISK (ISK)/hr
721.762 ISK (ISK)/yr
The average developer algorithm gross salary in Reykjavik, Iceland is 16.146.793 ISK or an equivalent hourly rate of 7.763 ISK. This is 1% higher (+207.216 ISK) than the average developer algorithm salary in Iceland. In addition, they earn an average bonus of 721.762 ISK. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Reykjavik, Iceland. An entry level developer algorithm (1-3 years of experience) earns an average salary of 11.314.704 ISK. On the other end, a senior level developer algorithm (8+ years of experience) earns an average salary of 18.415.055 ISK.
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21.259.697 ISK (ISK)
32 %
Based on our compensation data, the estimated salary potential for Developer Algorithm will increase 32 % over 5 years.
This chart displays the highest level of education for:
Developer Algorithm, the majority at 100% with bachelors.
Typical Field of Study: Computer Programming, Specific Applications
See how education can impact your salaryThe cost of living in Reykjavik, Iceland is 11% more than the average cost of living in Iceland. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PageReykjavík is the capital and largest city of Iceland. It is located on the southern shore of the Faxaflói bay in southwest Iceland and has a latitude of 64°08′ N, making it the world's northernmost capital of a sovereign state. Reykjavík has a population of around 139,000 as of 2025, and the surrounding Capital Region has a population of around 249,000, constituting approximately 64% of Iceland's population. According to Landnámabók, the settlement of Iceland began in Reykjavík when Ingólfur Arn
Sourced from WikipediaERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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