Herzliya ( ; ; ) is an affluent city in the central coast of Israel, at the northern part of the Tel Aviv District, known for its robust start-up and entrepreneurial culture. In it had a population of . Named after Theodor Herzl, the founder of modern Zionism, Herzliya covers an area of . Its western, beachfront area is called Herzliya Pituah and is one of Israel's most affluent neighborhoods and home to numerous embassies, ambassadors' residences, companies headquarters and houses of prominent Israeli business people. History Herzliya, named after Theodor Herzl, was founded in 1924 as a semi-cooperative farming community (moshava) with a mixed population of new immigrants and veteran residents. During that year, 101 houses and 35 cowsheds were built there, and the village continued to grow. The 1931 census recorded a population of 1,217 inhabitants, in 306 houses. Upon the establishment of the state in 1948, Herzliya was a town of 5,300. Large numbers of immigrants settled there, and it had 12,000 residents within a few years. In 1960, when the population reached 25,000, Herzliya was declared a city. Under current plans, the city's population will triple to around 290,000 by 2030, with 52,000 new homes and new industrial developments and hotels built, with more dense construction in the city center while expanding the city to the north and southwest. Demographics According to the Israel Central Bureau of Statistics, residents of Herzliya are among the wealthiest in Israel. In 2003–2005, average monthly salaries were ILS 8,211, or about ILS 1,500 above average in a survey of Israel's 15 largest cities. However, there is a large gap between the city's seven working-class neighborhoods, among them Yad Tisha, Neve Yisrael and Neve Amal, and upscale Herzliya Pituah. The population is older than that of other cities in the Sharon region: 18% are under 14 years old, compared to a national average of 27.5%. Education and culture Investment in education was higher than all other cities in the survey and more high school students were eligible for a bagrut matriculation certificate. The Herzliya Interdisciplinary Center is a private college that was founded in 1994 by Prof. Uriel Reichman, who serves as its president to this day. Israel's largest television and film studio, Herzliya Studios (Ulpanei Herzliya), is located in Herzliya, Also RGE studios that serviced the Kids channel and Sport 5 channel. the IDC television and radio center located in