Israeli Salaries Rise Significantly, Exceeding 15,000 Shekels

The average nominal salary in Israel has surpassed 15,000 shekels, reaching 15,218 shekels in June 2026, according to a report from the Central Bureau of Statistics (CBS). This represents a 7.7% annual increase from the 14,132 shekels recorded in June of the previous year. After accounting for inflation and the consumer price index, the real average salary rose by 5.9% to 12,114 shekels, up from 11,435 shekels a year prior. The labor market also saw an expansion in employment, with the number of salaried positions increasing by 2.1% to 4.219 million in June compared to the same period last year. Preliminary data for July 2026 indicates a continued trend, with the average gross salary at 14,561 shekels, a 3.5% increase over July of the previous year. Experts attribute these developments to the economy's gradual adaptation and sustained high demand for workers in key sectors. The CBS report also noted that inflation expectations remain within the target range, facilitating a reduction in borrowing costs.