Average Dump Truck Driver Salary in Iceland for 2024

In this article, we will look at the average Dump Truck Driver 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 Dump Truck Driver Make in Iceland?

A Dump Truck Driver working in Iceland will typically earn around 2,854,700 ISK per year, and this can range from the lowest average salary of about 1,306,100 ISK to the highest average salary of 4,537,100 ISK.

Average Annual Salary
2,854,700 ISK
Average Monthly Salary
237,891 ISK

Lowest Annual Salary
1,306,100 ISK
Lowest Monthly Salary
108,841 ISK

Highest Annual Salary
4,537,100 ISK
Highest Monthly Salary
378,091 ISK

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

Dump Truck Driver 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 Dump Truck Driver Salaries in Iceland

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

Salary ranges

We already know that a Dump Truck Driver can earn between 1,306,100 ISK and 4,537,100 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 Dump Truck Driver in Iceland is 3,085,500 ISK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,085,500 ISK, and 50% of the population earn more than 3,085,500 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 Dump Truck Driver salary in Iceland, 25% of the population are earning less than 1,980,600 ISK while 75% of the population earn more than 1,980,600 ISK.

75% of the population earn less than 4,116,600 ISK, and 25% of the population earn more than 4,116,600 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.

Dump Truck Driver 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 dump truck driver 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 Dump Truck Driver in Iceland that has less than two years of experience can expect to earn somewhere in the region of 1,487,200 ISK.
  • 2 - 5 Years Experience. With two to five years of experience the average Dump Truck Driver salary would increase to 1,990,300 ISK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Dump Truck Driver, the average salary would be 2,941,000 ISK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 3,586,300 ISK.
  • 15 - 20 Years Experience. A Dump Truck Driver with 15 to 20 years of experience can earn an average of 3,898,100 ISK.
  • 20+ Years Experience. For a Dump Truck Driver with more than 20 years, the expected average salary increases to 4,224,200 ISK.

Average Salary by Experience Chart

0-2 Years
1,487,200 ISK
2-5 Years +34%
1,990,300 ISK
5-10 Years +48%
2,941,000 ISK
10-15 Years +22%
3,586,300 ISK
15-20 Years +9%
3,898,100 ISK
20+ Years +8%
4,224,200 ISK

Dump Truck Driver 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 Dump Truck Driver 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 Dump Truck Driver in Iceland with a high school education can earn an average salary of 1,728,900 ISK.

  • Certificate or Diploma. A Dump Truck Driver in Iceland with a certificate or diploma education can earn an average salary of 3,335,900 ISK.

Average Salary by Education Chart

High School
1,728,900 ISK
Certificate or Diploma +93%
3,335,900 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.

Dump Truck Driver 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 dump truck driver will earn an average of 2,914,600 ISK, while a female dump truck driver will earn around 2,782,600 ISK.

This means that a male dump truck driver earns approximately 5% more than a female dump truck driver for performing the same job.

Average Salary by Gender Chart in Iceland

Male
2,914,600 ISK
Female -5%
2,782,600 ISK

Dump Truck Driver 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 Dump Truck Driver in Iceland is around 7% every 27 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 = ( 7 ÷ 27 ) × 12  = 3%

What this means is that a Dump Truck Driver in Iceland can expect to receive an average pay raise of around 3% 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%

Dump Truck Driver 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 Dump Truck Driver 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 Dump Truck Driver

In the table below, we have salary information for jobs that are similar to a Dump Truck Driver in Iceland.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 6,911,700 ISK
Associate Analyst Oil / Gas / Energy / Mining 8,149,100 ISK
Associate Landman Oil / Gas / Energy / Mining 3,421,600 ISK
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 3,023,200 ISK
Biomass Plant Technician Oil / Gas / Energy / Mining 3,553,500 ISK
Biomass Power Plant Manager Oil / Gas / Energy / Mining 10,162,800 ISK
Chemical Plant Operator Oil / Gas / Energy / Mining 5,711,000 ISK
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 7,393,200 ISK
Completions Engineer Oil / Gas / Energy / Mining 7,105,200 ISK
Cost Controller Oil / Gas / Energy / Mining 5,161,100 ISK
Cost Engineer Oil / Gas / Energy / Mining 6,947,800 ISK
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 7,561,700 ISK
Dispatcher Oil / Gas / Energy / Mining 3,094,100 ISK
Distribution Manager Oil / Gas / Energy / Mining 10,177,900 ISK
Dragline Operator Oil / Gas / Energy / Mining 3,312,100 ISK
Driller Offsider Oil / Gas / Energy / Mining 2,533,800 ISK
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 16,079,800 ISK
Energy Advisor Oil / Gas / Energy / Mining 10,656,400 ISK
Energy Analyst Oil / Gas / Energy / Mining 10,463,500 ISK
Energy Auditor Oil / Gas / Energy / Mining 9,205,400 ISK
Energy Dispatch Director Oil / Gas / Energy / Mining 12,121,000 ISK
Energy Technical Assistant Oil / Gas / Energy / Mining 4,475,900 ISK
Energy Technical Manager Oil / Gas / Energy / Mining 8,785,800 ISK
Energy Technical Support Manager Oil / Gas / Energy / Mining 8,724,700 ISK
Energy Technical Trainer Oil / Gas / Energy / Mining 6,156,100 ISK
Engineering Geologist Oil / Gas / Energy / Mining 13,319,300 ISK
Exploration Manager Oil / Gas / Energy / Mining 12,239,700 ISK
Field Safety Auditor Oil / Gas / Energy / Mining 8,075,200 ISK
Fluids Engineer Oil / Gas / Energy / Mining 7,081,500 ISK
Fuel Cell Engineer Oil / Gas / Energy / Mining 7,453,000 ISK
Fuel Cell Technician Oil / Gas / Energy / Mining 3,553,500 ISK
Fuels Handler Oil / Gas / Energy / Mining 3,277,900 ISK
Gas Compressor Operator Oil / Gas / Energy / Mining 3,071,100 ISK
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 5,686,100 ISK
Gas Supply Manager Oil / Gas / Energy / Mining 10,669,400 ISK
Geologist Oil / Gas / Energy / Mining 12,600,600 ISK
Geophysicist Oil / Gas / Energy / Mining 13,679,300 ISK
Geothermal Production Manager Oil / Gas / Energy / Mining 11,782,700 ISK
Geothermal Technician Oil / Gas / Energy / Mining 4,822,700 ISK
HSE Engineer Oil / Gas / Energy / Mining 6,911,700 ISK
HSE Officer Oil / Gas / Energy / Mining 4,201,000 ISK
HSE Supervisor Oil / Gas / Energy / Mining 5,029,900 ISK
HSEQ Administrator Oil / Gas / Energy / Mining 5,221,800 ISK
Inspector Oil / Gas / Energy / Mining 6,862,900 ISK
Instructor Oil / Gas / Energy / Mining 6,109,700 ISK
Instrument Designer Oil / Gas / Energy / Mining 5,761,400 ISK
Lead Technical Field Advisor Oil / Gas / Energy / Mining 9,706,900 ISK
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 6,300,400 ISK
Maintenance Engineer Oil / Gas / Energy / Mining 7,381,700 ISK
Maintenance Superintendent Oil / Gas / Energy / Mining 6,457,900 ISK
Material Controller Oil / Gas / Energy / Mining 4,633,100 ISK
Mine Engineer Oil / Gas / Energy / Mining 6,780,300 ISK
Mine Surveyor Oil / Gas / Energy / Mining 8,111,500 ISK
Mining Project Administrator Oil / Gas / Energy / Mining 6,613,100 ISK
Mining Project Assistant Oil / Gas / Energy / Mining 5,242,700 ISK
Mining Project Controls Consultant Oil / Gas / Energy / Mining 8,290,700 ISK
Mining Project Coordinator Oil / Gas / Energy / Mining 6,552,400 ISK
Mining Project Engineer Oil / Gas / Energy / Mining 7,150,200 ISK
Mining Project Manager Oil / Gas / Energy / Mining 9,430,600 ISK
Mining Site Manager Oil / Gas / Energy / Mining 9,576,900 ISK
Mining Team Leader Oil / Gas / Energy / Mining 7,693,200 ISK
NDT Technician Oil / Gas / Energy / Mining 4,570,300 ISK
Oil Service Unit Operator Oil / Gas / Energy / Mining 3,706,100 ISK
Oil Trader Oil / Gas / Energy / Mining 9,250,100 ISK
Oilwell Pumper Oil / Gas / Energy / Mining 2,629,100 ISK
Petroleum Engineer Oil / Gas / Energy / Mining 7,967,200 ISK
Petroleum Geologist Oil / Gas / Energy / Mining 12,600,600 ISK
Petroleum Pump System Operator Oil / Gas / Energy / Mining 3,840,400 ISK
Petroleum Technician Oil / Gas / Energy / Mining 4,129,300 ISK
Pipeline Technician Oil / Gas / Energy / Mining 2,688,800 ISK
Power Coordinator Oil / Gas / Energy / Mining 4,488,100 ISK
Power Plant Operations Manager Oil / Gas / Energy / Mining 13,679,300 ISK
Power Plant Operator Oil / Gas / Energy / Mining 5,555,200 ISK
Radio Operator Oil / Gas / Energy / Mining 3,299,800 ISK
Reliability Engineer Oil / Gas / Energy / Mining 7,236,200 ISK
Reservoir Engineer Oil / Gas / Energy / Mining 6,505,500 ISK
Risk Analyst Oil / Gas / Energy / Mining 8,845,500 ISK
Roughneck Oil / Gas / Energy / Mining 7,342,500 ISK
Scaffolder Oil / Gas / Energy / Mining 4,475,900 ISK
Shutdown Engineer Oil / Gas / Energy / Mining 6,058,300 ISK
Solar Energy Installation Manager Oil / Gas / Energy / Mining 10,237,100 ISK
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 7,199,500 ISK
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 4,537,100 ISK
Solar Thermal Technician Oil / Gas / Energy / Mining 4,309,300 ISK
Supply Operations Manager Oil / Gas / Energy / Mining 11,664,700 ISK
Sustainability Specialist Oil / Gas / Energy / Mining 10,956,400 ISK
System Development Advisor Oil / Gas / Energy / Mining 8,460,900 ISK
Tanker Truck Driver Oil / Gas / Energy / Mining 2,698,900 ISK
Utility Operator Oil / Gas / Energy / Mining 4,019,900 ISK
Wind Energy Project Manager Oil / Gas / Energy / Mining 10,116,200 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 3,288,400 ISK

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