Iceland
PPP-adjusted average annual wage
$100,605 2025
Iceland reports a 2025 PPP-adjusted average annual wage of 100,605.43 USD in constant prices. Consumer price indices for 2024 exceed the United States benchmark in six of eight categories, led by transport at 144. Price category values are unavailable for 2022 and 2023, restricting comparative analysis to the latest complete observation year.
1-Year Change
+1.8%
vs 2024
5-Year Change
+21.6%
vs 2020
Overall Price Level
112
2024 · United States = 100
Wage data: 2025 · Price data: 2024
Wage History
Track PPP-adjusted average annual wages in constant prices over time.
PPP-adjusted annual wage (USD)
USD PPP, constant 2025 prices
Wage Key Facts
Latest Wage
$100,605
Latest Year
2025
1-Year Change
+1.8%
5-Year Change
+21.6%
10-Year Change
+34.6%
Historical Peak
$100,605
Peak Year
2025
Change From Peak
0.0%
What the Wage Trend Shows
Average annual earnings reached 100,605.43 USD PPP in 2025. This amount constitutes the highest value in the available time series.
Earnings grew 21.58 percent over the past five years from 2020. The long-term increase since 1990 measures 90.53 percent.
Consumer Price Levels
Compare eight consumer price categories with the United States benchmark of 100.
United States = 100
What Prices Look Like
Highest: Transport
Transport has the highest relative price level among the available categories, at 144 (United States = 100).
Lowest: Housing
Housing is the lowest at 91, −9.0 index points against the United States benchmark.
Overall vs United States
The overall price level is 112, above the United States benchmark (+12.0 index points).
Wage and Price Snapshot
Read the latest wage record and the selected price benchmark together, without merging their years.
Overall consumption registered an index of 112 in 2024. This places Icelandic prices 12 points above the United States benchmark.
Transport costs reached an index of 144, exceeding the United States by 44 points. Restaurants and accommodation followed at 134, a gap of 34 points above.
Housing prices stood at 91 while health measured 99.9 against the United States. These were the only two categories below the benchmark value.
- Latest wage recordWage year 2025
- $100,605
- Price category coveragePrice year 2024
- 8 of 8
- Relative to United States2 below, 0 at 100
- 6 above
Compare Iceland
See how Iceland's wages and price levels compare with other OECD economies.
Luxembourg$98,5302025−2.1%lower
Switzerland$92,2852025−8.3%lower
United States$86,9772025−13.5%lower
Netherlands$80,1362025−20.3%lower
Belgium$80,0092025−20.5%lower
Austria$78,3012025−22.2%lower
Denmark$78,0902025−22.4%lower
Germany$76,2852025−24.2%lower
Norway$73,4622025−27.0%lower
Australia$72,0182025−28.4%lower
Ireland$70,1132025−30.3%lower
Canada$67,9012025−32.5%lowerSimilar Economies
How to Read This Country Page
Three boundaries keep wage and price comparisons from being misread.
- Wage basis
- The annual wage is expressed in USD PPP at constant 2025 prices. It is an average, not a median wage, local-currency amount, or take-home figure.
- Years stay separate
- The latest wage year and the price year do not have to match. Price controls read only 2022, 2023, or 2024 and never substitute another year.
- Price benchmark
- 100 represents the United States price level. A value of 120 is reported here as 20 index points above that benchmark.
Data Coverage and Limits
See which years are actually present before comparing wage and price records.
Wage data covers thirty-five years spanning 1990 through 2025. Thirty-six reported observations document earnings across this extended timeframe.
Price information is currently confined to the 2024 reference year. Prior years within the displayed cycle contain no reported category values.
Historical wage records commence at 52,803.86 USD PPP in 1990. Consistent reporting enables multi-decade analysis despite intermittent price coverage.
- Wage observations
- 36
- Wage coverage
- 1990-2025
- Price categories · 2024
- 8 of 8
- Price categories · 2023
- 0 of 8
- Price categories · 2022
- 0 of 8
Frequently Asked Questions
What is the average annual wage in Iceland?
The average annual wage in Iceland was 100,605.43 USD PPP in 2025. This valuation applies constant 2025 prices with purchasing power adjustment.
How has the average wage changed in Iceland?
Wages rose 1.82 percent in the last year and 21.58 percent over five years. Growth since 2015 totals 34.62 percent.
What are consumer price levels like in Iceland?
Consumer prices in 2024 exceeded the United States benchmark in six categories. Transport led at 144 while housing and health fell slightly below.
Is the average wage in Iceland close to its historical peak?
The 2025 wage of 100,605.43 USD PPP equals the historical peak precisely. Current earnings show no decline from this maximum level.
Wage data
OECD Average Annual Wages
Price data
OECD Comparative Price Levels
Reported coverage
Wages through 2025 · Prices through 2024