Average Salary in Palestine, State of 2024

This comprehensive article explores the salary landscape in Palestine, State of, shedding light on various aspects such as the pay scale, wage gap, yearly increments, and breakdowns based on education level or years of experience. Providing valuable insights into the local job market, this resource aims to help individuals understand the complexities and nuances of salary structures in Palestine, State of, ultimately empowering them to make informed decisions about their careers. Whether you're a job seeker, a professional aiming for growth, or a researcher interested in economic dynamics, this article offers valuable information within its concise 800-character limit while ensuring optimal search engine optimization (SEO).
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 Palestine, State of in 2024?

What is the average salary in Palestine, State of in 2024?
670USD
(USD 8,100 yearly)
Low 310 USD
Average 670 USD
High 3,000 USD
For individuals working in Palestine, State of, the average salary amounts to USD 670 per month. Yet, there is notable variability, with salaries ranging from USD 310 (lowest average) to USD 3,000 (highest average, actual maximum salary is higher). Take into account that these figures incorporate housing, transport, and other benefits. Across various professions, there exist significant differences in salary scales. To find out the salaries for specific job titles, please refer to the information below.
In comparison with average salary in Palestine, State of in 2023, salaries changed by +0.6% 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 Palestine, State of

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,000, 75% of the people earn USD 930 or less. 50% employees earn less USD 650 or less, 25% of the employees earn less than USD 490.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,000, 75% of the people earn USD 930 or less. 50% employees earn less USD 650 or less, 25% of the employees earn less than USD 490.

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 Palestine, State of the minimum salary is USD 310.

Median Salary

With half of the values above and half below it, the median salary in Palestine, State of is USD 530, serving as the middle point of all salaries in a dataset. This stat provides a more balanced perspective on income distribution and is commonly employed to gauge average earnings in various professions and industries.

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 Palestine, State of the salary ranges from USD 310 to USD 3,000.

Annual Salary Increments in Palestine, State of

What is the average annual salary increment in the Palestine, State of? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Palestine, State of was around 0.6%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Palestine, State of witnessed an average salary growth of 0.6%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Palestine, State of

In the past years, employees in Palestine, State of have seen their salaries rise by an average of 2.6% per year. The increment ranges from 0.6% to 5.0% per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
On an average, employees in Palestine, State of have received a salary increase ranging from 0.6% to 5.0% per year in recent years. This translates to an average increment of 2.6% per year.

Salary Forecast and Trends for the Future in Palestine, State of

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 3.0%. Estimated range is between 1.6% and 4.6%.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 3.0%. Estimated range is between 1.6% and 4.6%.

Gender Wage Gap in Palestine, State of

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

In Palestine, State of, the gender wage gap is 6.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In terms of wage disparity, Palestine, State of experiences 6.0%.
It's due to many factors, such as:
  • Gender disparity.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • College degrees are less common among women compared to men.
  • In the realm of caregiving responsibilities for children and elderly relatives, women are more predisposed than men to take them on.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • Women generally find themselves working in lower-paying occupations compared to men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. 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

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Alongside financial advantages, pursuing a bachelor's degree fosters personal growth, develops critical thinking skills, and offers the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and promotes the cultivation of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to 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. signifies an unwavering commitment to intellectual growth and the pursuit of a rewarding 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 around 10%-14%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% 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 roughly 10%-14%. Expertise and leadership gain 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 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Palestine, State of

What is the average hourly wage in the Palestine, State of?

Average Hourly Wage
4USD
Low 2 USD
Average 4 USD
High 17 USD

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

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • 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 associated with 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: In comparison to salaried positions, hourly positions can face greater job insecurity as they are more prone to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Within the organization, a few hourly jobs may present limited opportunities for career growth, professional development, or upward mobility.
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 Palestine, State of

What are the best paying jobs in Palestine, State of?

List with best paid jobs in Palestine, State ofDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Palestine, State of?

  1. Surgeon (USD 3,000)
  2. Doctor (USD 2,700)
  3. Chief Executive Officer (CEO) (USD 2,600)
  4. Registered Nurse Anesthetist (USD 2,500)
  5. Dentist (USD 2,400)
  6. Airline Pilot (USD 2,300)
  7. Intellectual Property Lawyer (USD 2,200)
  8. Marketing Manager (USD 2,000)
  9. Marketing Director (USD 2,000)
  10. Sales Director (USD 1,900)
  11. Sales Manager (USD 1,900)
  12. Petroleum Engineer (USD 1,800)
  13. Brand Manager (USD 1,800)
  14. Marketer (USD 1,800)
  15. Judge (USD 1,800)
  16. Treasurer (USD 1,800)
  17. Controller (USD 1,800)
  18. Pharmacist (USD 1,700)
  19. Tax Lawyer (USD 1,700)
  20. Lawyer (USD 1,700)
List with worst paid jobs in Palestine, State ofDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Palestine, State of?

  1. Cashier (USD 320)
  2. Childcare Worker (USD 330)
  3. Stock clerk (USD 340)
  4. Elder Care Worker (USD 340)
  5. Receptionist (USD 350)
  6. Bartender (USD 380)
  7. Food and beverage server (USD 390)
  8. Janitor (USD 390)
  9. Waiter (USD 400)
  10. Tour Guide (USD 400)
  11. Customer Service Representative (USD 480)
  12. Hotel Concierge (USD 480)
  13. Rehabilitation Counselor (USD 490)
  14. Travel Agent (USD 530)
  15. Secretary (USD 550)
  16. Painter (USD 570)
  17. Carpenter (USD 590)
  18. Bus Driver (USD 600)
  19. Artist (USD 600)
  20. Truck Driver (USD 610)
List with best paid industries in Palestine, State ofDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,900)
  2. Business and Management (USD 1,600)
  3. Marketing and Sales (USD 1,500)
  4. Engineering (USD 1,400)
  5. Law (USD 1,300)
  6. Accounting and Finance (USD 1,300)
  7. Computer and Information Technology (USD 1,300)
  8. Transportation and Logistics (USD 1,300)
  9. Science (USD 1,200)
  10. Education and Training (USD 1,000)
  11. Other (USD 740)
  12. Hospitality and Tourism (USD 620)
  13. Social Services (USD 510)
  14. Services (USD 460)