Wednesday, 20 November 2019
Local Time In Israel Asia - Jerusalem

 

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Cost of living in Israel 2019. 

cost of living israelNumbeo.com have just released their latest Cost of Living Index (October 2019).  Their latest figures show that the cost of living in Israel is 11.5% higher than in United States (aggregate data for all cities, rent is not taken into account). This figure is 7% lower than in 2018.  Rent in Israel is 23% lower than in United States (average data for all cities).

Here is summary for Tel Aviv, Jerusalem, Haifa and Ramat Gan:

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Tel Aviv - Yafo

In Numbeo's estimation, for a four-person family, monthly costs are: 12,845.20₪ without rent

A single person's monthly costs: 3,612.74₪ without rent.

Cost of living index in Tel Aviv-Yafo is 7.377% higher than in Haifa.

Cost of living in Tel Aviv-Yafo ranks 23rd out of 356 cities in the world.

Tel Aviv-Yafo has a cost of living index of 85.3

According to the Economist Intelligence Unit's (EIU) Worldwide Cost of Living Survey for 2019 (dated March 2019), Tel Aviv is the 10th most expensive city in the world and according to Bloomberg's (a respected business and financial management website) July 2019 report, Tel Aviv is listed as the 15th most expensive city in the world for expats - unchanged since 2018  Here is a link to that article...

Jerusalem

Numbeo estimates that the average monthly salary in Jerusalem: 7,378.33 ₪

Average monthly rental for a 3 bedroom apartment in the city-center 6,167 NIS

Basic monthly utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 apartment: 630 NIS

Price per square meter to buy an apartment in Jerusalem's city-center is 32,392.94 NIS

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child is 2,325.00 NIS compared to 3133 NIS in Tel Aviv

Haifa

Average monthly net salary (after tax): 7,777 NIS per month

A four-person family,  monthly costs are: 11,815.52₪ without rent

Haifa basic utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment according to Numbeo:  635NIS per month

Consumer Prices in Haifa are 7.37% lower than in Tel Aviv

Restaurant Prices in Haifa are 5% lower than in Tel Aviv

Cost of living ranks 34th out of 356 cities in the world.

Ramat Gan

Basic monthly utilities (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment: 562 NIS

Average monthly net salary (after tax): 8188NIS

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child: 2,600 NIS

Numbeo says that rent is approximately 35% higher than in Haifa

Most expensive cities in the world

The Economist Intelligence Unit's report ranks Singapore, Paris, Hong Kong, Zurich and Geneva as the most expensive cities in the world.

Bloomberg ranks Hong Kong as the most expensive city in the world followed by Tokyo, Zurich and Singapore, Seoul, Luanda and Shanghai.

The cheapest cities in the world

The Economist Intelligence Unit's report ranks Caracas, Damascus, Tashkent, Almaty and Bangalore as the cheapest cities in the world.

Wherever you live, it takes discipline to manage your lifestyle and finances.  Here are some practical tips to beat the cost of living and save money in Israel...