Average Salary in Palestine by 2024 | Cost of Living

Average Salary in Palestine by 2024 | Cost of Living

The salary structure in Palestine for 2024 is designed to accommodate a variety of factors, including location, industry, and experience level. This article provides a comprehensive overview of the Average Salary in Palestine to 2024, highlighting the compensation landscape.

The Israeli new shekel used to pay salaries in Palestine is known as ILS, and the currency symbol is ₪. By considering these key elements, individuals can gain a better understanding of the dynamic job market in Palestine and make more informed decisions regarding their career and financial planning.

Salary in Palestine by Year and Month

We have recently conducted some surveys in Palestine and the information we got from these surveys we have shared with you through the table below. This information includes monthly and annual salary information.

Annual
Salary
Lowest
50,540 ILS
Average
154,870 ILS
Maximum
258,000 ILS

In the table above, we’ve presented annual salaries in Palestine. Similarly, below, we’ve included monthly salary information.

Monthly
Salary
Lowest
4,211 ILS
Average
12,905 ILS
Maximum
21,500 ILS

Comparison of Salaries in Palestine Cities

As demonstrated in the previous tables, we’ve examined the distinctions between annual and monthly salaries in Palestine. Now, we provide a city-by-city salary comparison, showcasing variations in compensation across Palestine.

City NamesAverage Salary (by month in 2024)
Jerusalem21,000 ILS
Bethlehem19,500 ILS
Beit Jala18,400 ILS
Beit Sahour17,600 ILS
Hebron15,300 ILS
Sabastia13,450 ILS
Jericho12,270 ILS
Ramallah & El-Bireh9,200 ILS
Nablus9,100 ILS
Tulkarem9,000 ILS
Jenin8,900 ILS
Gaza8,700 ILS
Rafah8,600 ILS
Khan Younis7,050 ILS

Salary Overview – Median, Max, Min Wage, Starting, and Ranges

In this informative section, we will delve into the percentage of individuals earning high and low salaries. Additionally, we will provide insights into starting, median, and maximum salary levels, offering a comprehensive understanding of income trends and their underlying factors.

  • Minimum Salary

As mentioned earlier, salary in Palestine often depends on experience. The minimum and starting monthly salary in Palestine is 4,211 ILS, with variations based on one’s experience level. Notably, 25% of Palestine’s population earns a basic salary of 4,211 ILS per month, which includes most of the labor.

  • Median Salary

As previously discussed, salaries in Palestine exhibit variations in line with experience. The median monthly salary in Palestine stands at 12,905 ILS, with a quarter of the population, approximately 25%, earning this figure.

This median wage serves as a crucial benchmark for salary comparisons, considering the diverse experience levels within the workforce.

  • Maximum Salary

Continuing our exploration of salary dynamics in Palestine, we turn to maximum earnings. The maximum monthly salary in Palestine reaches 21,500 ILS including employees of some famous private companies and government officials.

Specifically, about 50% of the population falls within this range. Understanding this upper limit provides valuable insight into the earning potential of a significant portion of the workforce in Palestine.

Read More: Top 25 Arab Countries Average Salary | Complete Guide for 2024

Salary Comparison by Experience in Palestine

Securing a competitive salary in any sector or organization hinges on valuable work experience, and Palestine is no exception. In Palestine’s employment landscape, individuals without prior experience typically receive the minimum wage. However, those with 1 to 5 years of experience enjoy a 7% pay increase, while those with 6 to 10 years see a 16% boost in earnings.

For professionals boasting 11 to 20 years of experience, the premium extends to 22%, and those with over 21 years of expertise are rewarded with a substantial 29% salary enhancement. This structured approach to compensation demonstrates Palestine’s recognition of the significance of experience in determining wages.

Experience YearIncrease in income
0 Years Experiencelowest Income
1-5 years of experience7% Boosted
6-10 years of experience16% Boosted
11-20 years of experience22% Boosted
More than 21 years of experience29% Boosted

Salary Comparison by Education in Palestine

In examining the correlation between education levels and income in Palestine, a clear pattern emerges. The data reveals that educational qualifications play a pivotal role in determining salary scales:

  • Illiterate

This group typically receives a standard salary, with no significant income increase associated with education.

  • High School Graduates

Those who completed high school outperform the illiterate population, enjoying a notable 17% salary increase.

  • Certificate or Diploma Holders

Individuals with a certificate or diploma go a step further, securing a substantial 24% higher income compared to high school graduates.

  • Bachelor’s Degree Holders

Pursuing a Bachelor’s Degree significantly enhances earning potential, as these professionals make 29% more than those with a certificate or diploma.

  • Ph.D. Holders

While those with a Bachelor’s Degree experience impressive earnings, those who have earned a PhD receive a noteworthy 23% boost in income compared to Bachelor’s Degree holders. This data underscores the substantial impact of education on income levels in Palestine.

Read More: How to Open a Bank Account in Palestine? | A Complete Guide

Salary Comparison By Gender in Palestine

Experience YearIncrease in income
Male7% more than Females
Female7% less than men

Men generally earn 7% more than women, which shows that Males earn more than Females. Conversely, Females earn 7% less than males. These disparities underscore ongoing challenges in achieving gender wage equality. Addressing these gaps is crucial for creating a fair and equitable work environment that values the contributions of both males and females, ensuring equal opportunities and rewards for all.

Salary Comparison By Professions in Palestine

In Palestine, a diverse array of professions flourish, each offering unique opportunities and salary structures. Understanding the monthly earnings associated with these occupations can be extremely helpful for individuals seeking employment or considering a career change in this dynamic and growing economy. Below are some of the Palestinian professions and their salaries.

ProfessionSalary (by month in 2024)
Doctors21,500 ILS
Engineers20,530 ILS
IT Professionals18,400 ILS
Investment Bankers16,600 ILS
Pilots21,300 ILS
Management Consultants13,450 ILS
Lawyers21,270 ILS
Dentists21,100 ILS
Pharmacists12,100 ILS
Labor2,600 ILS
Accountant18,200 ILS
Architect16,430 ILS
Barber9,800 ILS
Chef9,570 ILS
Electrician4,500 ILS
Fashion Designer17,210 ILS
Financial Analyst19,216 ILS
Firefighter16,300 ILS
Graphic Designer16,800 ILS
Human Resources Manager11,110 ILS
Journalist20,900 ILS
Judge21,500 ILS
Marketing Manager18,300 ILS
Nurse14,100 ILS
Occupational Therapist12,540 ILS
Painter4,000 ILS
Police Officer9,800 ILS
Real Estate Agent21,208 ILS
School Teacher20,476 ILS
Technical Writer19,160 ILS

Bonuses | Average Salary in Palestine

Several types of bonuses are considered in employment:

  1. Individual Performance-Based Bonuses: Employees receive rewards based on their exceptional performance.
  2. Company Performance Bonuses: Some companies share excess earnings and profits with all staff as collective bonuses, varying by role.
  3. Goal-Based Bonuses: Given upon achieving significant goals or milestones.
  4. Holiday / End of Year Bonuses: These are appreciation tokens offered without specific reasons or occasions.

FAQs

What is the average hourly, and minimum hourly wage in Palestine?

The average hourly wage in Palestine stands at 83 ILS, offering a competitive earning potential. Meanwhile, the minimum hourly wage is set at 14 ILS, ensuring a baseline income for those entering the job market or holding lower-paying positions. These figures outline the spectrum of hourly earnings in Palestine.

How much is the government vs private sector salary difference?

There exists an approximately 8% salary disparity between government and private sector employment in Palestine. Government employees tend to enjoy an 8% salary advantage, accompanied by additional benefits such as housing and car allowances. This discrepancy reflects the variations in compensation packages and perks often extended to those in public service roles in Palestine.

What is the cost of living in Palestine in 2024?

In 2024, living in Palestine entails various costs. For accommodation, monthly rent ranges from 7,000 to 20,000 ILS. Grocery expenses vary from ILS 1,500 to 4,000 for a single person or a family of four. Dining out costs between 100 to 200+ ILS per person.

Transportation includes a monthly pass for 300-500 ILS and taxi rides for 100-150 ILS. Utilities may total 500-1,000 ILS per month, phone bills 100-200 ILS, gym memberships 200-300 ILS, and movie tickets 50-100 per person ILS.

Palestine offers relatively affordable living, yet careful budgeting is advised, as individual circumstances may lead to variations in costs.