Salaries in Israel Rise Again, but There's an Important Catch

The average salary in Israel reached 14,263 shekels gross in May 2026, up 6.6% year-over-year, and rose to 15,223 shekels in June, according to preliminary data, a 7.7% increase. However, adjusted for inflation, real growth is more modest: in May, the average salary in constant prices was 11,353 shekels, up 4.6%. Employment is also rising: 4.168 million jobs in May and 4.471 million in June.

The average salary in Israel continues to rise, but real income growth is tempered by inflation. According to the Central Bureau of Statistics, the average gross salary for employees reached 14,263 shekels in May 2026, 6.6% higher than a year earlier. A preliminary estimate for June shows further growth to 15,223 shekels—7.7% above June 2025. However, accounting for changes in consumer prices, real growth is more modest: in May, the average salary in constant prices was 11,353 shekels, only 4.6% higher than the previous year. At the same time, employment is rising: in May, the number of jobs increased to 4.168 million, and in June, according to preliminary data, it reached 4.471 million, of which over 4.2 million are held by Israeli workers. Thus, the labor market maintains a positive trend, but the actual growth in purchasing power remains moderate due to inflation.