Kfar Saba - Economy

Economy

According to CBS, there were 31,528 salaried workers and 2,648 self-employed in Kfar Saba in 2000. The mean monthly wage in 2000 for a salaried worker was ILS 7,120, a real change of 10.1% over the course of 2000. Salaried males had a mean monthly wage of ILS 9,343 (a real change of 9.9%) versus ILS 5,033 for females (a real change of 9.7%). The mean income for the self-employed was 8,980. 1,015 people received unemployment benefits and 1,682 people received an income guarantee.

In May 2004 the exploration company Givot Olam said that the Meged-4 oil well, located northeast of Kfar Saba, has exceeded original predictions and contains an extremely valuable deposit of oil.

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