search
Front > News

Israel's average monthly wage still rising

Average wage in Israel credit: Shutterstock Rita Kapitulski
Average wage in Israel credit: Shutterstock Rita Kapitulski
4 Sep, 2024 13:22
שלח תגובה במיילIdan Eretz

In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, the Central Bureau of Statistics reports.

In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, the Central Bureau of Statistics reports. Inflation was 3.2% over the same period so that wages are increasing faster than prices are rising.

The rise in wages is supported by the unemployment data published by the Central Bureau of Statistics, which sees unemployment at a 50 year low of 2.8%. The job market remains tight in part because of a dramatic rise in government spending because of the war.

In the tech sector the average wage in June 2024 was NIS 32,215, up 8.1% from June 2023, well above the inflation rate. The number of jobs in the tech sector was 401,300 representing 9.9% of all the jobs in the economy, up 0.3% from June 2023.

Published by Globes, Israel business news - en.globes.co.il - on September 4, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Average wage in Israel credit: Shutterstock Rita Kapitulski
Average wage in Israel credit: Shutterstock Rita Kapitulski
Enav's urban renewal project in Kfar Saba credit: 3D Vision Phoenix to finance four Enav urban renewal projects

Enav is promoting over 35 urban renewal projects throughout the country totaling about 25,000 housing units.

Armis Founders Yevgeny Dibrov and Nadir Izrael credit: Armis Via completes IPO with more Israeli flotations likely to follow

With the US Fed set to cut interest rates, "Globes" lists the Israeli companies considering a Wall Street IPO.

New homes sales in Ofakim credit: All In New home sales in Israel down 20%

Between May and July 2025, about 21,640 apartments were sold, down about 20% from the corresponding period last year, the Central Bureau of Statistics reports.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Mevaseret Zion, Tel Aviv, Ramat Gan, Givatayim, Modi'in and Kiryat Bialik.

Lendbuzz founders Amitay Kalmar and Dan Raviv credit: Weifan Chen Lendbuzz files for Nasdaq IPO

The auto finance fintech company had a valuation of over $1 billion at the time of its most recent financing round in 2023.

Oren Shoval and Daniel Ramot Photo: PR Via Transportation raises $493m in Wall Street IPO

The Israeli smart public transport and mobility solutions company sold 10.7 million shares for $46 each - above its pricing range.

Bank Leumi CEO Hanan Friedman credit: Oren Dai Leumi's S&P 500-linked deposit challenges mutual funds

The mutual fund managers claim that Bank Leumi's new product is a mutual fund in disguise, without the regulations they are subject to.

Tel Aviv light rail in Jaffa credit: Shutterstock Light rail boosts Jaffa home prices

While Tel Aviv is seeing a fall in deals and apartment prices, a different picture is emerging in Jaffa where the Red Line has connected the historic port city to the heart of Tel Aviv.

Tel Aviv Park Atidim credit: Ron Ayalon Allin Images Hapoalim to finance 30-floor tower in Tel Aviv's Park Atidim

The tower will be a mixed-use project, which will include approximately 60,000 square meters office space, commercial space and a 3,000 square meter auditorium with 640 seats.

Ryanair CEO Michael O'Leary credit: Reuters BELGA Ryanair CEO: We might not bother returning to Israel

Michael O'Leary says he feels "messed around" by the Israeli authorities and the low-cost airline might not resume flights even after the war in Gaza.

Average wage in Israel credit: Shutterstock Rita Kapitulski Israel Tax Authority mulls easing income tax

Monthly salaries of medium and high earners could be boosted significantly, if the decision to freeze the linkage of income tax brackets to inflation is revoked.

BARAK-MX Photo: IAI website IAI's Barak 8 to be part of India's multi-layered defense

The surface-to-air missile system was developed jointly by Israel Aerospace Industries (IAI) with India.

Bank of Israel credit: Bar Lavi Israel's forex reserves hit new record

Israel’s foreign exchange reserves at the end of August 2025 rose to $230.321 billion, an increase of $3.553 billion from their level at the end of July, the Bank of Israel reports.

Blocks team credit: Eyal Toueg Israeli AI no-code platform Blocks raises $10m

monday.com has made its first-ever investment in the company, which was founded by two former monday.com employees.

Caesarea house sold for NIS 78m

The house has been bought by US couple Reuven and Sandy Moskowitz from businessman Prof. Shlomo Ben-Haim.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Jerusalem, Holon, Rosh Ha'ayin, Rehovot, Yokneam and Yerucham.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018