Product Design Manager Salary in Reykjavík, Iceland

Reykjavík pays kr1,120,000 median annually. Product design managers work in gaming studios, fintech firms, and tourism‑focused agencies. Mid‑level leaders are employed in the city.

Salary by experience level

Entry-level (0-2 years)

Salary range (per year)

kr720,000 to kr980,000

Average (per year)

kr850,000

Entry-level roles involve working with startups or small digital agencies, with wages influenced by Iceland's high living costs.

Mid-level (3-5 years)

Salary range (per year)

kr990,000 to kr1,280,000

Average (per year)

kr1,120,000

Mid-level managers join larger software firms or government projects and see salary increases.

Senior (6-9 years)

Salary range (per year)

kr1,290,000 to kr1,700,000

Average (per year)

kr1,450,000

Senior managers coordinate teams across sectors like fintech and tourism technology, earning higher salaries.

Principal/Lead (10+ years)

Salary range (per year)

kr1,710,000+

Principal managers lead major product lines at established companies or multinational branches.

Hourly Rates

For freelance or contract work, hourly rates are typically higher than equivalent salaried positions.

Junior

kr4000 - kr5200

per hour

Mid-level

kr5300 - kr6700

per hour

Senior

kr6800 - kr8000

per hour

Nationally, product design managers earn about kr900,000, so Reykjavík's median sits roughly 25% higher.