Median income per year (after tax) in Iceland
Iceland: Median income per year (after tax) was 44,381 international-$ in 2021 prices in 2017. ▲ Rising
Median income per year (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
The most recent figure for median income per year (after tax) in Iceland is 44,381 international-$ in 2021 prices, measured in 2017. That is the highest value across all 15 years on record.
The figure is up 7.5% on the previous year and up 5.4% over ten years.
Over the whole period, median income per year (after tax) in Iceland peaked at 44,381 international-$ in 2021 prices in 2017 and was at its lowest, 32,137 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 income per year (after tax) in Iceland, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 2003 | 33,469 international-$ in 2021 prices | — |
| 2004 | 34,394 international-$ in 2021 prices | +2.8% |
| 2005 | 36,653 international-$ in 2021 prices | +6.6% |
| 2006 | 39,898 international-$ in 2021 prices | +8.9% |
| 2007 | 42,113 international-$ in 2021 prices | +5.6% |
| 2008 | 40,850 international-$ in 2021 prices | -3.0% |
| 2009 | 36,624 international-$ in 2021 prices | -10.3% |
| 2010 | 34,150 international-$ in 2021 prices | -6.8% |
| 2011 | 32,137 international-$ in 2021 prices | -5.9% |
| 2012 | 33,964 international-$ in 2021 prices | +5.7% |
| 2013 | 35,011 international-$ in 2021 prices | +3.1% |
| 2014 | 36,638 international-$ in 2021 prices | +4.6% |
| 2015 | 39,183 international-$ in 2021 prices | +6.9% |
| 2016 | 41,272 international-$ in 2021 prices | +5.3% |
| 2017 | 44,381 international-$ in 2021 prices | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37,714 international-$ in 2021 prices | 33,469 international-$ in 2021 prices | 42,113 international-$ in 2021 prices | 7 |
| 2010s | 37,092 international-$ in 2021 prices | 32,137 international-$ in 2021 prices | 44,381 international-$ in 2021 prices | 8 |
Countries ranked near Iceland
- 1 Luxembourg 53,736 international-$ in 2021 prices compare
- 2 United States 44,870 international-$ in 2021 prices compare
- 3 Norway 44,846 international-$ in 2021 prices compare
- 5 Switzerland 42,731 international-$ in 2021 prices compare
- 6 Austria 41,753 international-$ in 2021 prices compare
- 7 Canada 40,884 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
Frequently asked questions
- What is median income per year (after tax) in Iceland?
- Median income per year (after tax) in Iceland was 44,381 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 income per year (after tax) recorded in Iceland?
- The highest recorded value was 44,381 international-$ in 2021 prices in 2017.
- What is the lowest median income per year (after tax) recorded in Iceland?
- The lowest recorded value was 32,137 international-$ in 2021 prices in 2011.
- How does Iceland rank for median income per year (after tax)?
- Iceland ranks 4th out of 47 countries with data for 2017.
- Is median income per year (after tax) rising or falling in Iceland?
- Over the last ten years it is up 5.4%. 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 income per year (after tax). Statizoid updates them automatically from the source API.
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About this data
Value of income per year below which 50% of the population live.