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The total sum of taxable wages in June 2026 increased by 4.5% between years. The total sum of taxable wages in June was about 196.3 billion ISK. The number of employees was about 224,500 and the number of employers about 22,600. Note that the data have not been adjusted for inflation.
The monthly wage index in June 2026 increased by 0.2% from previous month and the monthly basic wage index increased by 0.2%. In the last twelve months, the wage index has risen by 5.8% and the basic wage index has risen by 5.9%.
The total sum of taxable wages in May 2026 increased by 5.8% between years. The total sum of taxable wages in May was about 197.5 billion ISK. The number of employees was about 219.500 and the number of employers about 22.400. Note that the data have not been adjusted for inflation.
The monthly wage index in May 2026 decreased by 0.3% from previous month and the monthly basic wage index increased by 0.2%. In the last twelve months the wage index has risen by 5.9% and the basic wage index has risen by 6.1%.
The total wage index increased by 4.9% between the first quarter of 2025 and the same quarter of 2026. In the same period the labour cost index increased by 5.0%.
The total sum of taxable wages in April 2026 increased by 4.8% between years. The total sum of taxable wages in April was about 186.8 billion ISK. The number of employees was about 209,800 and the number of employers about 22,000. Note that the data have not been adjusted for inflation.
The monthly wage index in April 2026 increased by 1.5% from previous month and the monthly basic wage index increased by 1.1%. In the last twelve months the wage index has risen by 6.4% and the basic wage index has risen by 6.3%.
Average regular monthly earnings were 816 thousand ISK in 2025. For full- time employees, regular monthly earnings were 913 thousand ISK and the median 826 thousand ISK. Approximately 64% of full-time employees received regular monthly earnings below the average.
The total sum of taxable wages in March 2026 increased by 5.0% between years. The total sum of taxable wages in March was about 181.1 billion ISK. The number of employees was about 206,500 and the number of employers about 21,800. Note that the data have not been adjusted for inflation.
Publication of a news release on wage distributions in the Icelandic labour market 2025, which was scheduled on 7 May 2026, has been postponed until 13 May.