Mechanical 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)
$87,611
per year
Local Currency (ISK)
kr12,090,318
per year
PPP Adjusted
$89,860
purchasing power
Big Mac Power
13,583
burgers / year
Global Percentile
Top 2%
South Korea
KRW
Estimated Salary (USD)
$53,932
per year
Local Currency (KRW)
₩71,190,240
per year
PPP Adjusted
$114,383
purchasing power
Big Mac Power
10,962
burgers / year
Global Percentile
Top 45%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Mechanical 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 Mechanical Engineer's salary buys 1.2x more Big Macs in Iceland.
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Frequently Asked Questions
Who pays Mechanical Engineers more: Iceland or South Korea?▾
Iceland pays Mechanical Engineers an estimated $87,611 USD per year, which is 62% more than South Korea's estimated $53,932 USD.
What is the PPP-adjusted salary for a Mechanical Engineer in Iceland vs South Korea?▾
The PPP-adjusted salary is $89,860 USD in Iceland and $114,383 USD in South Korea. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Mechanical Engineers?▾
Using the Big Mac Index, a Mechanical Engineer in Iceland can buy about 13,583 Big Macs per year, while in South Korea it's about 10,962 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