Median and mean income (after tax) in Iceland
Iceland: Median and mean income (after tax) was 48,777 international-$ in 2021 prices in 2017. ▲ Rising
Latest (2017)
48,777 international-$ in 2021 prices
Change on year
up 6.0%
World rank
4th
of 47 countries
All-time high
49,433 international-$ in 2021 prices
in 2008
All-time low
35,622 international-$ in 2021 prices
in 2011
Years of data
15
2003–2017
Median and mean income (after tax) in Iceland, 2003–2017
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Iceland recorded 48,777 international-$ in 2021 prices for median and mean income (after tax) in 2017.
The figure is up 6.0% on the previous year and down 1.1% over ten years.
Over the whole period, median and mean income (after tax) in Iceland peaked at 49,433 international-$ in 2021 prices in 2008 and was at its lowest, 35,622 international-$ in 2021 prices, in 2011.
That places Iceland 4th out of 47 countries with data for 2017, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Median and mean income (after tax) in Iceland, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 2003 | 36,513 international-$ in 2021 prices | — |
| 2004 | 38,597 international-$ in 2021 prices | +5.7% |
| 2005 | 42,589 international-$ in 2021 prices | +10.3% |
| 2006 | 47,358 international-$ in 2021 prices | +11.2% |
| 2007 | 49,328 international-$ in 2021 prices | +4.2% |
| 2008 | 49,433 international-$ in 2021 prices | +0.2% |
| 2009 | 41,364 international-$ in 2021 prices | -16.3% |
| 2010 | 37,958 international-$ in 2021 prices | -8.2% |
| 2011 | 35,622 international-$ in 2021 prices | -6.2% |
| 2012 | 38,060 international-$ in 2021 prices | +6.8% |
| 2013 | 38,903 international-$ in 2021 prices | +2.2% |
| 2014 | 41,372 international-$ in 2021 prices | +6.3% |
| 2015 | 43,700 international-$ in 2021 prices | +5.6% |
| 2016 | 45,996 international-$ in 2021 prices | +5.3% |
| 2017 | 48,777 international-$ in 2021 prices | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43,598 international-$ in 2021 prices | 36,513 international-$ in 2021 prices | 49,433 international-$ in 2021 prices | 7 |
| 2010s | 41,299 international-$ in 2021 prices | 35,622 international-$ in 2021 prices | 48,777 international-$ in 2021 prices | 8 |
Countries ranked near Iceland
- 1 Luxembourg 61,610 international-$ in 2021 prices compare
- 2 United States of America 56,767 international-$ in 2021 prices compare
- 3 Switzerland 50,051 international-$ in 2021 prices compare
- 5 Norway 48,516 international-$ in 2021 prices compare
- 6 Austria 46,830 international-$ in 2021 prices compare
- 7 Canada 46,263 international-$ in 2021 prices compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is median and mean income (after tax) in Iceland?
- Median and mean income (after tax) in Iceland was 48,777 international-$ in 2021 prices in 2017, according to Luxembourg Income Study (2026) – with minor processing by Our World in Data.
- What is the highest median and mean income (after tax) recorded in Iceland?
- The highest recorded value was 49,433 international-$ in 2021 prices in 2008.
- What is the lowest median and mean income (after tax) recorded in Iceland?
- The lowest recorded value was 35,622 international-$ in 2021 prices in 2011.
- How does Iceland rank for median and mean income (after tax)?
- Iceland ranks 4th out of 47 countries with data for 2017.
- Is median and mean income (after tax) rising or falling in Iceland?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as part of Median and mean income (after tax). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average income per year of the population.