Iceland - Individuals’ total annual income around 6.6 million ISK in 2018 - August 31, 2019

In 2018, total annual income per individual in Iceland was 6.6 million ISK (€ 48.673) on average. The median income from work shows a considerable difference in the income of individuals with basic education compared with those with higher education. It should be noted that the comparison of total income by education does not take into account the labour status of individuals. Total income is defined as the total income from work, capital income and other income. Other income may include pension payments, benefits and unemployment benefits.

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