Average Salary in Israel 2024

Discover the intricate landscape of salaries in Israel, dissecting crucial aspects such as pay scales, wage gaps, annual increments, and variances according to education level and years of experience. Gain valuable insights into the dynamic Israeli job market, unraveling the complexities that influence financial compensation. With a concise overview, this article sheds light on salary trends and patterns, providing a comprehensive analysis for individuals seeking to navigate Israel's salary domain effectively. Improve your understanding of the Israeli workforce, preparing yourself for professional growth and success.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Israel in 2024?

What is the average salary in Israel in 2024?
4,300USD
(USD 51,600 yearly)
Low 2,000 USD
Average 4,300 USD
High 19,000 USD
You can expect to earn around USD 4,300 per month if you work in Israel. Keep in mind that salaries can range from USD 2,000 (lowest average) to USD 19,000 (highest average, actual maximum salary is higher). This average salary includes housing, transport, and other benefits. Salaries differ greatly depending on the career. For detailed salary information on specific job titles, please refer below.
In comparison with average salary in Israel in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Israel

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 19,000, 75% of the people earn USD 6,000 or less. 50% employees earn less USD 4,200 or less, 25% of the employees earn less than USD 3,200.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 19,000, 75% of the people earn USD 6,000 or less. 50% employees earn less USD 4,200 or less, 25% of the employees earn less than USD 3,200.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Israel the minimum salary is USD 2,000.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Israel the median salary is USD 3,400.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Israel the salary ranges from USD 2,000 to USD 19,000.

Annual Salary Increments in Israel

What is the average annual salary increment in the Israel? How frequently do employees receive salary raises?

In 2024, the average salary increment for Israel employees was 0.5%. Please note that this is an average across all job sectors. On a global scale, the average for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Israel recorded an average salary increment of around 0.5% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.5%.

Historical Graph of Annual Salary Increments in Israel

Employees in Israel received in recent years salary increase from 0.0% to 6.7% on average per year. It means 3.0% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Israel received in recent years salary increase from 0.0% to 6.7% on average per year. It means 3.0% increment per year on average.

Salary Forecast and Trends for the Future in Israel

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.1%. Estimated range is between 1.1% and 3.1%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.1%. Estimated range is between 1.1% and 3.1%.

Gender Wage Gap in Israel

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Israel is 25.4%.Download chartGet chart linkShare on FacebookShare on Twitter
In Israel, the actual wage gap amounts to 25.4%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women use 10% more paid vacation days per year compared to men.
  • Women are less likely than men to have a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. is indicative of someone's commitment to knowledge and their potential for a successful and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 9%-13%. Expertise and leadership receive higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 9%-13%. Expertise and leadership receive higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Israel

What is the average hourly wage in the Israel?

Average Hourly Wage
25USD
Low 11 USD
Average 25 USD
High 111 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Layoffs, downsizing, or changes in demand can make hourly positions more vulnerable to job insecurity when compared to salaried positions.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Israel

What are the best paying jobs in Israel?

List with best paid jobs in IsraelDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Israel?

  1. Surgeon (USD 18,800)
  2. Doctor (USD 17,000)
  3. Chief Executive Officer (CEO) (USD 16,200)
  4. Registered Nurse Anesthetist (USD 15,800)
  5. Dentist (USD 15,100)
  6. Airline Pilot (USD 14,600)
  7. Intellectual Property Lawyer (USD 14,100)
  8. Marketing Manager (USD 12,500)
  9. Marketing Director (USD 12,500)
  10. Sales Director (USD 11,700)
  11. Sales Manager (USD 11,700)
  12. Petroleum Engineer (USD 11,600)
  13. Brand Manager (USD 11,300)
  14. Marketer (USD 11,300)
  15. Judge (USD 11,200)
  16. Treasurer (USD 11,000)
  17. Controller (USD 11,000)
  18. Pharmacist (USD 10,700)
  19. Tax Lawyer (USD 10,600)
  20. Lawyer (USD 10,600)
List with worst paid jobs in IsraelDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Israel?

  1. Cashier (USD 2,100)
  2. Childcare Worker (USD 2,200)
  3. Stock clerk (USD 2,200)
  4. Elder Care Worker (USD 2,200)
  5. Receptionist (USD 2,300)
  6. Bartender (USD 2,500)
  7. Food and beverage server (USD 2,500)
  8. Janitor (USD 2,500)
  9. Waiter (USD 2,600)
  10. Tour Guide (USD 2,600)
  11. Customer Service Representative (USD 3,100)
  12. Hotel Concierge (USD 3,100)
  13. Rehabilitation Counselor (USD 3,200)
  14. Travel Agent (USD 3,400)
  15. Secretary (USD 3,500)
  16. Painter (USD 3,700)
  17. Carpenter (USD 3,800)
  18. Bus Driver (USD 3,900)
  19. Artist (USD 3,900)
  20. Truck Driver (USD 4,000)
List with best paid industries in IsraelDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 12,000)
  2. Business and Management (USD 10,200)
  3. Marketing and Sales (USD 9,400)
  4. Engineering (USD 8,700)
  5. Law (USD 8,200)
  6. Accounting and Finance (USD 8,200)
  7. Computer and Information Technology (USD 8,000)
  8. Transportation and Logistics (USD 7,800)
  9. Science (USD 7,700)
  10. Education and Training (USD 6,400)
  11. Other (USD 4,800)
  12. Hospitality and Tourism (USD 4,000)
  13. Social Services (USD 3,300)
  14. Services (USD 3,000)