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R&D Mechanical Engineer Salary in Iceland
How much does a R&D Mechanical Engineer make in Iceland?
17.316.660 ISK (ISK)/year
Average Bonus
725.568 ISK (ISK)
per Year
Total Compensation
17.809.802,05 ISK
Entry Level
12.063.825 ISK
Median
17.084.234 ISK
Senior Level
19.969.382 ISK
As of July, 08, 2026, the average r&d mechanical engineer gross salary in Iceland is 17.316.660 ISK or an equivalent hourly rate of 8.325 ISK. In addition, r&d mechanical engineers earn an average bonus of 725.568 ISK. An entry level r&d mechanical engineer with 1-3 years of experience earns an average salary of 12.063.825 ISK. At the higher end of the pay range, a senior level r&d mechanical engineer with 8+ years of experience earns an average salary of 19.969.382 ISK. Salary estimates are based on salary survey data collected directly from employers in Iceland.
Data powered by ERI
Salary Potential for a R&D Mechanical Engineer
Explore the estimated salary growth for a R&D Mechanical Engineer in Iceland for up to 5 years. The estimated salary of a R&D Mechanical Engineer will be 18.306.740 ISK in 1 year and 22.866.440 ISK in 5 years.
View Salary by Year
Estimated Salary
19.353.428 ISK
Average Growth
11,8%
The estimated salary for a R&D Mechanical Engineer in 2 years is 19.353.428 ISK, which is 11,8% average growth. This information is based on ERI's compensation database.
Typical R&D Mechanical Engineer Education
This chart displays the highest level of education for R&D Mechanical Engineers.
- 0% of R&D Mechanical Engineers have less than a High School Degree
- 5% of R&D Mechanical Engineers have a High School Diploma
- 0% of R&D Mechanical Engineers have an Associate's Degree
- 43% of R&D Mechanical Engineers have a Bachelor's Degree
- 38% of R&D Mechanical Engineers have a Master's Degree
- 14% of R&D Mechanical Engineers have a Doctorate Degree
Popular Skills for a R&D Mechanical Engineer
Creates designs
91%
Engineering analysis
82%
Determines feasibility
73%
Determines designs
68%
Research Administration
45%
Directs building inspection
14%
These are the most popular skills for R&D Mechanical Engineers. About 91% of R&D Mechanical Engineers have a skill in Creates designs. The top 3 most popular skills for R&D Mechanical Engineers are creates designs, engineering analysis, and determines feasibility.
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R&D Mechanical Engineer Salaries in Other Locations
Salaries for Similar Job Titles in Iceland
Data not available.
R&D Mechanical Engineer 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 R&D Mechanical Engineer do?
Perform engineering duties in planning and designing tools, engines, machines, and other mechanically functioning equipment. Oversee installation, operation, maintenance, and repair of equipment such as centralized heat, gas, water, and steam systems.
How much does a R&D Mechanical Engineer make in Iceland?
The average salary for a R&D Mechanical Engineer is 17.316.660 ISK per year or 8.325,32 ISK per hour in Iceland. Top earners have reported making up to 19.969.382 ISK. However, the typical pay range in Iceland is between 12.063.825 ISK and 19.969.382 ISK annually.
What is the salary trajectory for a R&D Mechanical Engineer?
R&D Mechanical Engineer is projected to see a 32.0 % 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 R&D Mechanical Engineer 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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