Income percentiles in Iceland
Where each yearly income band starts in Iceland, in ISK, and what a reading there measures.
Reference data version 2026.4, reference year 2024.
Three cut-offs
- Bottom tenth
- under kr 4,200,000 a year
- Top tenth
- from kr 13,100,000 a year
- Top hundredth
- from kr 24,700,000 a year
The middle of the distribution, the 40th to 55th percentile, is kr 6,900,000 – kr 8,000,000 a year.
Every band
The 11 bands the income question offers in Iceland, verbatim, lowest first.
| Band | Yearly income |
|---|---|
| Below the 10th percentile | under kr 4,200,000 |
| 10th to 25th percentile | kr 4,200,000 – kr 5,600,000 |
| 25th to 40th percentile | kr 5,600,000 – kr 6,900,000 |
| 40th to 55th percentile | kr 6,900,000 – kr 8,000,000 |
| 55th to 70th percentile | kr 8,000,000 – kr 9,300,000 |
| 70th to 80th percentile | kr 9,300,000 – kr 10,700,000 |
| 80th to 90th percentile | kr 10,700,000 – kr 13,100,000 |
| 90th to 95th percentile | kr 13,100,000 – kr 15,700,000 |
| 95th to 98th percentile | kr 15,700,000 – kr 20,000,000 |
| 98th to 99th percentile | kr 20,000,000 – kr 24,700,000 |
| Top 1% | kr 24,700,000 or more |
Per earner. The source publishes household income divided by everyone in the household; the labels multiply it by 1.68, the people one worker's income stands for in Iceland, so a person can place their own income.
What the data rests on
- Confidence
- Medium
- Years covered
- 1981 to 2024
- Survey-based years
- 39% of covered years
- Nearest survey
- 5 years from 2024
- Age bands
- 6 of 6 resolved by the OECD
- Measured on
- income
- Currency
- ISK (kr)
Why: the span is short of the longest horizon; 39% of covered years rest on a survey; the nearest survey is 5 years from the reference year.
What a reading in Iceland measures
- Your place: which of the bands above your income is in now, against the band it was in a year ago, read as a position in the income distribution of Iceland itself.
- Your ground: both incomes with consumer prices in Iceland taken out, against how the middle of the distribution moved over the same year.
- Nothing is compared across borders. A reading in Iceland is measured against Iceland alone.
A band is a range, so a move inside one band does not register, and published distributions understate the very top. The confidence level above travels onto every card measured here.