Minimum Wage – Iceland

Valid on September 2026
The amounts are in Iceland Krona (ISK).

Iceland has no Statutory Minimum Wage.

Minimum wage with effect from January 1, 2025

Minimum Wage Profiles by Country

Detailed country information on minimum wage policies, legislation, and institutional frameworks.

Iceland has a statutory minimum wage
no
Iceland defines most minimum wage rates by geographical areas
no
Iceland defines most minimum wage rates by job roles
no
Iceland defines most minimum wage rates by industries
no
Iceland defines most minimum wage rates by workers' skill levels
no
Iceland defines minimum wage rates for Economic Processing Zones (EPZ) or similar
no
Iceland defines minimum wage rates for youth age groups
no
Iceland defines minimum wage rates for small firms
no
Iceland defines minimum wage rates for domestic workers
no
Iceland defines minimum wage rates for agricultural workers
no
Iceland defines minimum wage rates for piece rate workers
no
Iceland defines minimum wage rates as net rates
no
Iceland has on average adjusted minimum wage rates at least once per year since 2020
no
Iceland defines minimum wage rates per hour
no
Iceland defines minimum wage rates per week
no
Iceland defines minimum wage rates per month
no
Iceland defines minimum wage rates per year
no

More information is available at

Minimum Wages around the World (English)
Minimum Wages News
Minimum Wage and Labour Law
Minimum Wage Regulations
About the Minimum Wages Database (English)
This page is maintained by Wageindicator.org, 2026

Disclaimer

The Minimum Wage tool is powered by WageIndicator’s data. Although our datasets are cleaned, scientifically checked and benchmarked, no responsibility can be taken for 100% accuracy. The information and data displayed are not necessarily comprehensive, complete, accurate or up to date at all times. Using the data from the Minimum Wage tool is at the user’s own risk.