Inflation in Israel surged to 5.3% in November, prompting the Bank of Israel on Jan. 2 to again raise the country’s benchmark interest rate, to 3.75%, the highest level since the 2008 financial crisis. Israeli Prime Minister Benjamin Netanyahu (left) and Finance Minister Bezalel Smotrich unveil new economic measures to curb the rising cost of 2024 Cost of Living Calculator - Compare Cost of Living by City & State. This calculator allows you to compare the cost of living in different locations. To do this we first calculate average living expenses based on your current location and desired location. These expenses are adjusted based on your annual income and household size. The average cost of living in Israel ($1634) is 0% less expensive than in Qatar ($1926). Israel ranked 23rd vs 15th for Qatar in the list of the most expensive countries in the world. The average after-tax salary is enough to cover living expenses for 1.5 months in Israel compared to 2.1 months in Qatar. Summary: The pros of living in Israel include the country's rich cultural heritage, its vibrant economy, its excellent healthcare system, and its strong sense of community. Additionally, Israel is a safe and secure country with a strong military presence. On the other hand, the cons of living in Israel include the high cost of living, the Cost of living in Israel High accommodation prices and low salaries compared to other developed countries mean that the cost of living in Israel can be high. In 2023, Tel Aviv was ranked eighth-most expensive out of 227 expat destinations in Mercer's Cost of Living Survey. Geriatric Consultant – Debbie will assist you and guide you in the process of finding an appropriate placement in an Assisted Living Facilities or Nursing Home in the Jerusalem are. She is also a Consultant in elder care, and dementia care. Contact Information: Phone: 052-391-9328. US: 347-448-4177. Housing in United States is 41% more expensive than in Israel. United States. Israel. Diff. Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area. $3,084 (11,184 ₪) 9,283 ₪. + 20%. Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area. Israel ranks 19th in the world in terms of GDP per capita, according to International Monetary Fund’s World Economic Outlook, released this month. That sounds great − GDP per capita is $43,689 per person, which puts Israel under 18 countries but above 194. But that’s not the complete picture. When it comes to purchasing power parity Israel's steps to increase presence of foreign workers. The current government, aware of public sentiment and the major issue at their doorstep, is trying to take steps to mitigate the cost of living. The cost of living in Israel is somewhat lower than in the U.S. According to Numbeo, the cost of living in Tel Aviv is 33% less than it is in New York City. A family of four will have estimated monthly costs of $5,560, while a single person will have estimated monthly costs of $3,150. wZuAjmY.