Israeli Households Spend Average of ₪18,695 Monthly in 2024, Data Reveals
Translated & summarized from Maariv by baba
Average Israeli households spent ₪18,695 monthly in 2024, with housing, food, and transportation being the largest expenses, according to CBS data. Average gross monthly income was ₪27,173, with net income at ₪22,555. Significant disparities exist in housing values and income sources across different deciles. While the Gini coefficient for income inequality slightly decreased, considerable gaps remain.
The story in 6 lines · by baba
- Average Israeli households spent ₪18,695 monthly in 2024, with housing, food, and transport as top expenses.
- Average gross monthly income was ₪27,173, with net income reaching ₪22,555.
- Housing costs alone represented 25% of average household consumption expenses.
- Average home values varied significantly, from ₪4.27 million in the top decile to ₪1.54 million in the bottom.
- The top income decile holds 22.4% of net income, while the bottom holds only 2.8%.
- The Gini coefficient for income inequality fell to 0.333, but significant gaps persist.
An average Israeli household spent ₪18,695 per month in 2024, according to data from the Central Bureau of Statistics (CBS). Housing, food, and transportation constitute the largest portions of this expenditure. Housing alone accounted for 25% of the total consumption expenses, followed by transportation and communication at 18.4%, and food at 17.9%. Together, these three categories represented over 60% of the average monthly spending.
The average gross monthly income for an Israeli household in 2024 was ₪27,173, a minimal real increase of 0.1% from 2023. Net income, after taxes and mandatory payments, averaged ₪22,555 per month, showing a real increase of 1.3%. Overall, average expenses represented 68.1% of net income.
Significant disparities are evident in asset values, particularly housing. The average value of a home owned by households in the top income decile was approximately ₪4.27 million, compared to about ₪1.54 million for those in the bottom decile. For the upper-middle class, represented by the seventh decile, the average home value was around ₪2.8 million.
Employment remains the primary source of income, making up 76.6% of household earnings. Benefits and support payments accounted for 14.8%, with the remainder coming from capital, pensions, and provident funds. However, the composition of income varies greatly across income levels. In the lowest decile, employment constituted only 60.9% of income, while benefits made up 37.6%. Conversely, in the top decile, employment represented 81% of income, with benefits at just 7%.
Income inequality is also reflected in net income distribution. Ideally, each decile would hold 10% of total income, but the top decile actually holds 22.4% of net income, while the bottom decile holds only 2.8%. The Gini coefficient for income inequality decreased to 0.333 from 0.349 the previous year, though substantial gaps between groups persist.
