Key Facts: Israel Wages
- Country
- Israel (ISR)
- Continent
- Asia
- Currency
- Israeli New Shekel (ILS)
- Minimum Wage
- ₪35.40 /hr ($11.89 USD)
- Average Gross Monthly Salary
- ₪12,000 /month
- Average Gross Annual Salary
- ₪144,000 /year
- Median Individual Income
- ₪108,000 /year
- Standard Work Week
- 42 hours
- Data Source
- Ministry of Economy and Industry / National Insurance Institute; 2026 figure verified via Wikipedia List of countries by minimum wage (eff 2026-04-01)
- Last Updated
- 2026-05-04
Israel — Average Salary & Wages
Israeli New Shekel (ILS) Data verified Jan 2026 Sources
The average salary in Israel is
₪144,000 a year
But half of all workers earn less than ₪108,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Israel is ₪35.40/hr ($11.89 USD) as of 2026. The average gross monthly salary is ₪12,000 ($4,029.41 USD). The median monthly income is ₪9,000 ($3,022.06 USD).
Significant income inequality, with high-tech and financial sectors pulling averages well above medians.
Average gross monthly wage for employee positions. High-tech sector wages significantly above average (~ILS 28,000/mo). Net estimated at ~75% after income tax (progressive 10-50%), National Insurance (Bituach Leumi ~3.5-12%), and health tax (~3.1-5%).
About the Israel economy
Israel runs a high-income, technology-driven economy with a GDP of $540.38 billion at official exchange rates in 2024. Services produce 72.5 percent of output, industry 17.3 percent, and agriculture 1.3 percent (OpenFactBook, 2024 est.). High-technology products lead the industrial base, including aviation, communications, medical electronics, and fiber optics; integrated circuits rank as the top export commodity. The United States absorbs 29 percent of exports, followed by China at 10 percent (2023). Real GDP growth slowed from 6.3 percent in 2022 to 1.8 percent in 2023 and 0.9 percent in 2024, as the war that began in October 2023 hit construction and tourism while the high-tech sector remained resilient.
The labor force totals 4.71 million workers as of 2024. Unemployment is low at 3.2 percent in 2024, down from 3.6 percent in 2023. Youth unemployment for workers aged 15 to 24 stands at 6.1 percent. Israel has a young workforce by OECD standards; the median age is 30.2 years and 27.5 percent of the population is under 15 (OpenFactBook). Low labor force participation among religious and minority populations remains a structural concern, alongside low workforce productivity and high income inequality; the Gini index was 37.9 in 2021.
Real GDP per capita reached $47,300 in 2024 at purchasing power parity, placing Israeli earnings among the higher tiers of advanced economies, although high costs for housing and consumer staples reduce purchasing power. Inflation ran at 3.1 percent in 2024 (OpenFactBook). Israel sets a statutory minimum wage by national law. As of 1 April 2026 the monthly minimum wage is 6,443.85 shekels, with an hourly rate of 34.64 shekels for a 186-hour month, according to the National Insurance Institute. At the 2024 average exchange rate of 3.7 shekels per US dollar, the monthly floor equals roughly $1,740.
Minimum Wage Trend
Since 2015, the minimum wage has grown +39% in nominal terms.
• PPP ADJUSTED
In Israel, the minimum wage has the purchasing power of $10.11/hr in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Israel earns ₪6,136/mo. That is 51% of the average gross salary.
- Monthly (full-time)
- ₪6,136 at min. wage
- Share of avg. salary
- 51% gross, before tax
- USD equivalent
- $2,060.37/mo monthly
- Nominal growth
- +39% since 2015
Wage Breakdown
- Hourly
- ₪35.40
- Monthly
- ₪6,443.85
- Annual
- ₪77,326.20Based on 12 monthly payments
Israeli minimum wage (sechar minimum) is set by the Minimum Wage Law, 1987. The 2026 rate of ILS 6,443.85/month (ILS 35.40/hour) effective April 1, 2026, represents a 9.6% increase from 2025's ILS 5,880.02. Monthly rate based on a full-time position of 182 hours/month (42 hrs/week). Israel has been gradually increasing its minimum wage with a government target approach.
Work Week
- Standard
- 42 hrs/wk
- Maximum
- 42 hrs/wk
- Overtime
- 1.25x pay
Standard workweek reduced from 43 to 42 hours in April 2018. Typically 5-day work week (8.4 hrs/day) or 6-day week. First 2 overtime hours: 125% of regular rate; subsequent hours: 150%. Weekly rest day is typically Friday evening to Saturday evening (Shabbat). Maximum 12 hours in any workday.
How Israel Compares
| Metric | Israel | Asia Avg. | Asia Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $11.89/hr | $2.61/hr | $11.89/hr (Israel) |
| Avg. salary (USD equiv.) | $4,029.41/mo | $1,185.31/mo | $4,472.55/mo (Singapore) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Falkland Islands | $12.38 |
| Canada | $12.72 |
| Gibraltar | $12.80 |
| Bonaire, Sint Eustatius and Saba | $10.65 |
| Cayman Islands | $10.50 |
| Israel | $11.89 |
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Wages tell half the story. See purchasing power, prices, and quality-of-life context for Israel on our sister site.
Cost of living in Israel on costofliving.is →Frequently Asked Questions
What is the minimum wage in Israel?
The minimum wage in Israel is ₪35.40/hr (approximately $11.89 USD), effective since 2026-04-01. Israeli minimum wage (sechar minimum) is set by the Minimum Wage Law, 1987. The 2026 rate of ILS 6,443.85/month (ILS 35.40/hour) effective April 1, 2026, represents a 9.6% increase from 2025's ILS 5,880.02. Monthly rate based on a full-time position of 182 hours/month (42 hrs/week). Israel has been gradually increasing its minimum wage with a government target approach.
What is the average salary in Israel?
The average gross monthly salary in Israel is ₪12,000 (approximately $4,029.41 USD). Average gross monthly wage for employee positions. High-tech sector wages significantly above average (~ILS 28,000/mo). Net estimated at ~75% after income tax (progressive 10-50%), National Insurance (Bituach Leumi ~3.5-12%), and health tax (~3.1-5%). Source: Central Bureau of Statistics (CBS) (2025).
How many hours is the standard work week in Israel?
The standard work week in Israel is 42 hours, with a legal maximum of 42 hours. Overtime is paid at 1.25x the normal rate. Standard workweek reduced from 43 to 42 hours in April 2018. Typically 5-day work week (8.4 hrs/day) or 6-day week. First 2 overtime hours: 125% of regular rate; subsequent hours: 150%. Weekly rest day is typically Friday evening to Saturday evening (Shabbat). Maximum 12 hours in any workday.
How has the minimum wage in Israel changed over time?
The minimum wage in Israel has changed as follows: ₪4,650 in 2015, ₪5,000 in 2017, ₪5,300 in 2022, ₪5,571.75 in 2023, ₪5,880.02 in 2025, ₪6,443.85 in 2026. This represents 6 recorded adjustments.
What is the minimum wage in Israel in USD?
The minimum wage in Israel converts to approximately $11.89/hr in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Israel in USD?
The average gross monthly salary in Israel is approximately $4,029.41 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Israel's minimum wage compare to the Asia average?
Israel's minimum wage ranks #1 out of 34 countries with statutory minimum wages in Asia, placing it among the highest in Asia.
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