Average Colour Technologist Salary in Iceland for 2024

In this article, we will look at the average Colour Technologist salary for 2024 in Iceland and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Icelandic króna. To keep things simple, we are using the ISK currency code instead of the currency symbol kr.

How Much Does a Colour Technologist Make in Iceland?

A Colour Technologist working in Iceland will typically earn around 2,579,200 ISK per year, and this can range from the lowest average salary of about 1,189,900 ISK to the highest average salary of 4,102,700 ISK.

Average Annual Salary
2,579,200 ISK
Average Monthly Salary
214,933 ISK

Lowest Annual Salary
1,189,900 ISK
Lowest Monthly Salary
99,158 ISK

Highest Annual Salary
4,102,700 ISK
Highest Monthly Salary
341,891 ISK

These are average salaries for a Colour Technologist in Iceland and include benefits such as housing and transport. It's also possible for a Colour Technologist to earn more or less than the average salaries shown above.

Colour Technologist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Colour Technologist Salaries in Iceland

So we've looked at the average salaries a Colour Technologist will earn in Iceland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Colour Technologist can earn between 1,189,900 ISK and 4,102,700 ISK on average in Iceland. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Colour Technologist in Iceland is 2,794,600 ISK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,794,600 ISK, and 50% of the population earn more than 2,794,600 ISK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Colour Technologist salary in Iceland, 25% of the population are earning less than 1,788,300 ISK while 75% of the population earn more than 1,788,300 ISK.

75% of the population earn less than 3,733,300 ISK, and 25% of the population earn more than 3,733,300 ISK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Colour Technologist Salary by Experience Level in Iceland

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average colour technologist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Colour Technologist in Iceland that has less than two years of experience can expect to earn somewhere in the region of 1,345,400 ISK.
  • 2 - 5 Years Experience. With two to five years of experience the average Colour Technologist salary would increase to 1,800,200 ISK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Colour Technologist, the average salary would be 2,662,900 ISK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,253,900 ISK.
  • 15 - 20 Years Experience. A Colour Technologist with 15 to 20 years of experience can earn an average of 3,539,100 ISK.
  • 20+ Years Experience. For a Colour Technologist with more than 20 years, the expected average salary increases to 3,829,500 ISK.

Average Salary by Experience Chart

0-2 Years
1,345,400 ISK
2-5 Years +34%
1,800,200 ISK
5-10 Years +48%
2,662,900 ISK
10-15 Years +22%
3,253,900 ISK
15-20 Years +9%
3,539,100 ISK
20+ Years +8%
3,829,500 ISK

Colour Technologist Salary by Education Level in Iceland

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Colour Technologist in Iceland based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Colour Technologist in Iceland with a high school education can earn an average salary of 1,537,500 ISK.

  • Certificate or Diploma. A Colour Technologist in Iceland with a certificate or diploma education can earn an average salary of 2,411,500 ISK.

  • Bachelor's Degree. A Colour Technologist in Iceland with a bachelor's degree education can earn an average salary of 4,056,200 ISK.

Average Salary by Education Chart

High School
1,537,500 ISK
Certificate or Diploma +57%
2,411,500 ISK
Bachelor's Degree +68%
4,056,200 ISK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Iceland is around 3,440,000 to 10,300,000 ISK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Colour Technologist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Iceland, a male colour technologist will earn an average of 2,641,300 ISK, while a female colour technologist will earn around 2,533,800 ISK.

This means that a male colour technologist earns approximately 4% more than a female colour technologist for performing the same job.

Average Salary by Gender Chart in Iceland

Male
2,641,300 ISK
Female -4%
2,533,800 ISK

Colour Technologist Average Pay Raise in Iceland

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Colour Technologist in Iceland is around 4% every 30 months.

The national average pay raise across all professions and industries in Iceland is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 4 ÷ 30 ) × 12  = 2%

What this means is that a Colour Technologist in Iceland can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Iceland for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Iceland.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Colour Technologist Bonus and Incentive Rates in Iceland

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Colour Technologist is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
15%
No Bonus
85%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Iceland earn approximately 25% more than private sector employees in the same role.

Public Sector
9,154,500 ISK
Private Sector -25%
7,331,800 ISK

Salaries for Jobs Similar to a Colour Technologist

In the table below, we have salary information for jobs that are similar to a Colour Technologist in Iceland.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 2,100,900 ISK
Assembly Line Worker Factory and Manufacturing 2,003,200 ISK
Assembly Supervisor Factory and Manufacturing 3,178,700 ISK
Assistance Maintenance Manager Factory and Manufacturing 7,872,400 ISK
Assistant Shipping Manager Factory and Manufacturing 7,331,800 ISK
Chemical Equipment Controller Factory and Manufacturing 4,966,200 ISK
Chemical Technican Apprentice Factory and Manufacturing 4,162,800 ISK
CNC Machinist Factory and Manufacturing 5,029,900 ISK
CNC Operator Factory and Manufacturing 4,786,100 ISK
CNC Programmer Factory and Manufacturing 5,099,700 ISK
Contracts Manager Factory and Manufacturing 9,226,300 ISK
Data Collection Coordinator Factory and Manufacturing 3,469,900 ISK
Demand Planner Factory and Manufacturing 3,335,900 ISK
Derrick Operator Factory and Manufacturing 2,161,200 ISK
Director of Manufacturing Factory and Manufacturing 13,079,500 ISK
Dock Worker Factory and Manufacturing 2,026,800 ISK
Drying Technician Factory and Manufacturing 2,052,200 ISK
Equipment Operator Factory and Manufacturing 1,967,000 ISK
Export Sales Coordinator Factory and Manufacturing 6,745,700 ISK
Factory Superintendent Factory and Manufacturing 3,514,400 ISK
Factory Worker Factory and Manufacturing 2,362,300 ISK
Failure Analysis Technician Factory and Manufacturing 3,421,600 ISK
Fiberglass Laminator Factory and Manufacturing 2,290,300 ISK
Food Technologist Factory and Manufacturing 4,162,800 ISK
Forklift Driver Factory and Manufacturing 2,146,100 ISK
Forklift Operator Factory and Manufacturing 2,184,900 ISK
Forming Machine Operator Factory and Manufacturing 2,304,300 ISK
Furnace Operator Factory and Manufacturing 2,110,600 ISK
Gas Appliance Repairer Factory and Manufacturing 2,161,200 ISK
General Warehouse Associate Factory and Manufacturing 3,586,300 ISK
Heavy Equipment Operator Factory and Manufacturing 2,773,700 ISK
HSE Manager Factory and Manufacturing 9,731,500 ISK
Industrial Engineer Factory and Manufacturing 6,911,700 ISK
Industrial Machinery Mechanic Factory and Manufacturing 4,499,000 ISK
Industrial Production Manager Factory and Manufacturing 12,841,200 ISK
Industrial Safety and Health Engineer Factory and Manufacturing 6,984,300 ISK
Intake Operator Factory and Manufacturing 2,928,100 ISK
Key Account Manager Factory and Manufacturing 10,475,000 ISK
Lift Truck Operator Factory and Manufacturing 2,254,400 ISK
Loading Supervisor Factory and Manufacturing 4,006,500 ISK
Logistic Coordinator Factory and Manufacturing 5,651,400 ISK
Logistics Clerk Factory and Manufacturing 2,605,500 ISK
Machine Operator Factory and Manufacturing 2,184,900 ISK
Machinist Factory and Manufacturing 2,221,600 ISK
Maintenance Manager Factory and Manufacturing 8,724,700 ISK
Maintenance Store Clerk Factory and Manufacturing 2,352,500 ISK
Manufacturing Engineer Factory and Manufacturing 6,682,700 ISK
Manufacturing Engineering Manager Factory and Manufacturing 10,391,200 ISK
Manufacturing Engineering Technologist Factory and Manufacturing 8,242,900 ISK
Manufacturing Manager Factory and Manufacturing 11,653,500 ISK
Manufacturing Operative Factory and Manufacturing 3,889,500 ISK
Manufacturing Production Technician Factory and Manufacturing 2,928,100 ISK
Manufacturing Supervisor Factory and Manufacturing 6,203,500 ISK
Manufacturing Technician Factory and Manufacturing 2,533,800 ISK
Materials Manager Factory and Manufacturing 9,754,300 ISK
Materials Supervisor Factory and Manufacturing 5,989,600 ISK
Mechanical Fitter Engineer Factory and Manufacturing 6,826,100 ISK
Mechanical Foreman Factory and Manufacturing 2,076,600 ISK
Merchandise Planner Factory and Manufacturing 3,912,600 ISK
Metrology Engineer Factory and Manufacturing 6,745,700 ISK
Operations Engineer Factory and Manufacturing 6,529,400 ISK
Operations Manager Factory and Manufacturing 10,669,400 ISK
Order Management Coordinator Factory and Manufacturing 5,399,900 ISK
Order Processing Manager Factory and Manufacturing 9,082,500 ISK
Order Selector Factory and Manufacturing 2,688,800 ISK
Package Handler Factory and Manufacturing 2,100,900 ISK
Packaging Manager Factory and Manufacturing 6,934,900 ISK
Packer Factory and Manufacturing 2,207,600 ISK
Packing Deputy Supervisor Factory and Manufacturing 5,495,200 ISK
Planning Manager Factory and Manufacturing 10,270,100 ISK
Plant Manager Factory and Manufacturing 11,915,300 ISK
Precision Instrument Repairer Factory and Manufacturing 3,490,200 ISK
Process Technician Factory and Manufacturing 2,734,500 ISK
Product Manager Factory and Manufacturing 11,113,100 ISK
Production Analyst Factory and Manufacturing 9,517,400 ISK
Production Director Factory and Manufacturing 13,079,500 ISK
Production Engineer Factory and Manufacturing 6,934,900 ISK
Production Engineering Supervisor Factory and Manufacturing 10,141,000 ISK
Production Inspector Factory and Manufacturing 7,872,400 ISK
Production Laborer Factory and Manufacturing 2,052,200 ISK
Production Manager Factory and Manufacturing 12,361,500 ISK
Production Operator Factory and Manufacturing 2,953,200 ISK
Production Scheduler Factory and Manufacturing 5,197,600 ISK
Production Supervisor Factory and Manufacturing 6,780,300 ISK
Production Technician Factory and Manufacturing 2,941,000 ISK
Production Worker Factory and Manufacturing 2,734,500 ISK
Quality Control Analyst Factory and Manufacturing 8,771,100 ISK
Quality Control Inspector Factory and Manufacturing 7,067,300 ISK
Quality Control Manager Factory and Manufacturing 9,778,900 ISK
Service Technician Factory and Manufacturing 2,831,100 ISK
SHEQ Officer Factory and Manufacturing 3,421,600 ISK
Shipping Manager Factory and Manufacturing 10,978,600 ISK
Small Engine Mechanic Factory and Manufacturing 3,718,600 ISK
Spray Painter Factory and Manufacturing 2,197,700 ISK
Sterile Processing Technician Factory and Manufacturing 2,676,200 ISK
Structural Welder Factory and Manufacturing 2,065,400 ISK
Supply Chain Operative Factory and Manufacturing 6,395,900 ISK
Technical Operator Factory and Manufacturing 2,914,600 ISK
Technology Development Manager Factory and Manufacturing 12,121,000 ISK
Testing Technician Factory and Manufacturing 4,822,700 ISK
Toolmaker Factory and Manufacturing 3,406,900 ISK
Warehouse Forklift Operator Factory and Manufacturing 2,304,300 ISK
Warehouse Operative Factory and Manufacturing 2,460,900 ISK
Warehouse Worker Factory and Manufacturing 2,460,900 ISK
Warranty Handler Factory and Manufacturing 4,187,600 ISK
Welder Factory and Manufacturing 2,065,400 ISK
Workshop Manager Factory and Manufacturing 8,075,200 ISK

Salary Comparison by City

If you want to compare salaries with different cities in Iceland, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Reykjavik 3,132,800 ISK

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