Cost of Living in Israel
Last updated on Feb 09, 2024
Summary: The cost of living in Israel is generally higher than in many other countries. A nice one bedroom apartment in Israel can cost anywhere from $1,000 to $2,000 per month, while a nice two bedroom apartment can cost from $1,500 to $3,000 per month. The cost of dinner at a moderately priced restaurant in Israel is usually around $20 per person.
Is the cost of living in Israel high?
We asked people how much they someone comfortably live on in Israel, they wrote:
"The cost of living in Israel is generally higher than in many other countries. Prices for basic necessities such as food, housing, and transportation are all higher than in many other countries. The cost of living in Israel is also affected by the exchange rate of the Israeli Shekel to other currencies. In addition, taxes are higher in Israel than in many other countries. All of these factors contribute to the overall cost of living in Israel," said one person in Israel.
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Will I save money living in Israel?
"Living in Israel can be more affordable than living in the United States in some areas. The cost of living in Israel is generally lower than in the United States, with lower prices for basic necessities such as food, transportation, and housing. Additionally, Israel has a lower tax rate than the United States, which can help to reduce overall living costs. Furthermore, Israel has a strong social safety net, which can help to reduce the cost of healthcare and other services. All of these factors can help to make living in Israel more affordable than living in the United States," said one expat in Israel.
What is the average cost of housing in Israel?
If you are thinking about moving to Israel, cost of living in probably a key consideration. Expats commented about the cost of housing:
"They are somewhat higher, Tel Aviv is an expensive city and you pay for living near the beach and for the weather in Tel Aviv," remarked one expat in Tel Aviv.
"The cost of housing in Israel is generally quite high, with the average price of a home in the country being significantly higher than the average price in other countries. The cost of renting in Israel is also quite high, with the average monthly rent for a one-bedroom apartment in the country being around $1,000," explained one expat living in Israel.
What are typical rental prices for expats in Israel?
"The rental price for a nice 1 bedroom apartment in Israel can range from around $1,000 to $2,000 per month, depending on the location and amenities. A nice 2 bedroom apartment in Israel can range from around $1,500 to $3,000 per month, again depending on the location and amenities," remarked one expat living in Israel.
What appliances are typically included in a rental?
We asked foreigners in Israel what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Israel typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, air conditioning, and/or a water heater. Depending on the property, additional appliances such as a microwave, toaster, and/or coffee maker may also be included," mentioned one expat in Israel.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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