The average gross monthly wage for Israeli employees increased by 6.7% to reach 13,309 shekels in October 2024 compared to October 2023.
The average gross monthly wage of Israeli employees increased by 6.7% to reach 13,309 shekels in October 2024 compared to October 2023, according to a preliminary estimate by the Central Bureau of Statistics. But this represents a slight decrease compared to the final figures for September 2024, when the average wage in Israel reached NIS 13,522 per month. October is generally one of the weakest months for wages.
The average wage in September 2024 was 1.2% higher in real terms than in September 2023, meaning that the average wage is rising faster than the rate of inflation. The number of jobs rose to 4.009 million in September, but fell to 3.948 million in October.
In the high-tech field, the average monthly wage rose to NIS 31,237 in September, 6% higher than in September 2023. The number of jobs in the high-tech field remained stable at 10% of the total number of jobs in the economy.
Published by Globes, Israel Business News – en.globes.co.il – on December 4, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
Average wage in Israel Credit: Shutterstock Rita Kapitulski
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