Central Bureau of Statistics: Kfar Saba is the city with the highest income per inhabitant in Israel

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by Ifi Reporter Category:Capital Market Dec 24, 2019

Kfar Saba is the city with the highest income per inhabitant of 16 major cities in Israel, according to data released today by the Central Bureau of Statistics (CBS).
This is the CBS processing of data taken from the Household Expenditure Survey, which it conducts and relates to various parameters in the lives of residents in the 16 largest cities in the country. Jerusalem exceeds NIS 12,515. The highest financial expenditure was found in Tel Aviv-Jaffa - NIS 15,675, and the lowest financial expenditure was found in Ashdod - NIS 8,836.
In Tel Aviv-Jaffa, the average rent per month is the highest - NIS 4,964 and in Ashkelon the lowest - NIS 1,980, on a 2.6-room apartment and an average 2.7 rooms, respectively. The highest average monthly repayment of a mortgage is in Tel Aviv-Jaffa - NIS 5,962, and the lowest repayment is in Bat Yam - NIS 2,454 per month.
The average housing density in most major cities is less than one person per room, except in the cities of Bnei Brak, Jerusalem and Beit Shemesh, where housing density is more than one person per room. The highest percentage of mortgage lenders living in the apartment they own is in Beit Shemesh - 73.6% (compared with 39.0% on the national average). The lowest percentage of mortgage lenders is in Ramat Gan - 21.7%.
The data shows that the average gross financial income per household from all sources of income (labor, pension, capital, grants and allowances) was NIS 21,063 per month in 2018, compared with gross income of NIS 20,027 in 2017. The median gross income was NIS 16,343 per month. .
Tel Aviv retained second place with 19,613 a month, while Rishon Lezion last year dropped first place in 2018 to third place with NIS 19,261,000 a month. Bat Yam is still at the bottom of the list with the lowest financial income per household - NIS 12,481 a month.
Kfar Saba also leads in gross income from all sources of income (labor, pensions, capital, support and allowances) with an average income of NIS 27,104 a month and a median income of NIS 23,416 a month.
Gross income figures illustrate the low employment rates in cities with high rates of the ultra-Orthodox population, with the lowest average and median income being found in Bnei Brak with NIS 14,118 and NIS 12,163, respectively. Indeed, in the segmentation of income sources, it appears that the percentage of income derived from allowances and grants was about a quarter of the income, compared with 10.5% among all households. In contrast, the employment rate was 80% in the cities of Ramat Gan, Holon, Bat Yam and Kfar Saba, compared with a national average of 78.3%. In Bnei Brak, this figure was 64.1%. In all major cities, the average net monetary income is higher than the average monetary expenditure. As noted, Rishon Lezion maintains the first place in the highest gap between income and expenditure - with NIS 6,882 remaining unoccupied a month, while in Be'er Sheva the lowest gap is - NIS 2,019.
In the per capita calculation, the highest monetary income and expenditure were found in Tel Aviv-Jaffa (NIS 9,009 and NIS 7,200, respectively), with the average number of persons per household being the lowest (2.2). Beit Shemesh, where the average number of persons is the highest - 5.5, found the lowest income and expenditure per capita - NIS 2,533 and NIS 2,037, respectively.
The total expenditure on consumption among the total households was NIS 16,475, with the highest list of expenditures leading to Tel Aviv and Kfar Saba with NIS 18,865 and NIS 18,844, respectively. This figure includes owned housing services (the cost of renting for those who rent an apartment, but for those who own an apartment, the rent they receive would be rented out) as well as food, housing, apartment and household maintenance, furniture and home appliances, clothing and footwear, Health, education, culture and entertainment, transport and communication and other products and services.
The largest expenditure item among all households was the housing item (24.8%), with the highest percentage of expenditure on this item being in Ashdod - 31.9%, and the lowest in Haifa - 20.2%. The second largest item was transportation and communications, with about one-fifth of total consumer spending, with the highest percentage of expenditure on this item being in Haifa - 21.8%, and the lowest in Bnei Brak - 9.7%. The highest expenditure on education, culture and entertainment was recorded in Bnei Brak - 14.4%, and the lowest in Netanya - 8.2%.
The highest percentage of people living in owned apartments are in Rishon Lezion and Beit Shemesh - about 76% in each city. The highest percentage of homeowners in the apartment they own is in Beit Shemesh - 73.6% (compared with a national average of 39%), while the lowest in Ramat Gan - 21.7%. The highest average monthly repayment of her mortgage is in Tel Aviv-Jaffa - NIS 5,962, and the lowest in Bat Yam - NIS 2,454.
The average housing density in most major cities is less than one person per room, except for cities characterized by a high proportion of the ultra-Orthodox population - Bnei Brak, Jerusalem and Beit Shemesh, where housing density is more than one person per room.
When it comes to product ownership, Kfar Saba also finds the highest rates of home ownership and Internet subscription (91.8% and 94.4%, respectively). Beit Shemesh is the leader in mobile phone ownership, with 87.3% of households having two or more mobile phones.
Half of Tel Aviv's residents and Ramat Gan live in rents. The housing section examines that in Ramat Gan and Tel Aviv-Jaffa, about half of the households live in rented apartments. The average rent for the highest month is in Tel Aviv - NIS 4,964, and the lowest in Ashkelon - NIS 1,980, for an average apartment of 2.6 and 2.7 rooms, respectively.
Net average income per household, after compulsory payments (income tax, social security and health tax), climbed to NIS 17,276 a month, compared with NIS 16,518 the year before. The average net monetary income per capita was NIS 5,266 a month.
Another interesting statistic - the largest rates of ownership of electric bicycles were found in Tel Aviv - 15.1% (compared with 5.7% on the national average), while in Ashkelon and Haifa the lowest - 2.7%. National ownership of electric scooter was 3.3%.

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