Electrical Engineer: Iceland vs South Korea
Side-by-side salary comparison · Estimated based on OECD & BLS data
🇮🇸 Iceland pays 62% more
Iceland
ISK
Estimated Salary (USD)
$93,742
per year
Local Currency (ISK)
kr12,936,396
per year
PPP Adjusted
$96,148
purchasing power
Big Mac Power
14,534
burgers / year
Global Percentile
Top 2%
South Korea
KRW
Estimated Salary (USD)
$57,705
per year
Local Currency (KRW)
₩76,170,600
per year
PPP Adjusted
$122,385
purchasing power
Big Mac Power
11,729
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Electrical Engineers in Iceland earn 62% more than in South Korea (nominal USD).
- ●
After adjusting for purchasing power (PPP), South Korea actually leads by 27%.
- ●
Using the Big Mac Index, a Electrical Engineer's salary buys 1.2x more Big Macs in Iceland.
Free · No login required
Explore More
Frequently Asked Questions
Who pays Electrical Engineers more: Iceland or South Korea?▾
Iceland pays Electrical Engineers an estimated $93,742 USD per year, which is 62% more than South Korea's estimated $57,705 USD.
What is the PPP-adjusted salary for a Electrical Engineer in Iceland vs South Korea?▾
The PPP-adjusted salary is $96,148 USD in Iceland and $122,385 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Electrical Engineers?▾
Using the Big Mac Index, a Electrical Engineer in Iceland can buy about 14,534 Big Macs per year, while in South Korea it's about 11,729 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS · OECD · World Bank · Big Mac Index