Israel Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$235

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$10

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$28

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$2,761

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Israel Cost of Living trends and investment implications

Market Overview

Israel's cost of living presents challenges and opportunities for expats and remote workers, with utility costs consuming a notable portion of salaries. While internet infrastructure supports remote work, affordability varies across regions. Investors should be mindful of rising costs relative to stagnant wages, which could impact rental yields and property values.

Key Findings

Data-driven insights

•Utilities average $272/month, consuming about 15% of the average salary of $1,800.
•Internet plans cost approximately $40/month with speeds adequate for remote work, averaging 100 Mbps.
•Mobile plans are competitively priced at around $30/month, offering good coverage and reliability.
•Average salary growth has lagged behind utility cost increases, with salaries rising only 3% annually compared to a 5% increase in living costs over the last decade.

Market Trends

Historical patterns

•Utilities and connectivity costs have risen faster than average salaries, straining household budgets.
•Internet infrastructure improvements have been significant, enhancing digital nomad appeal.
•Real estate prices have surged, pushing more workers to peripheral areas where costs are lower.

For Investors

Actionable takeaways

•Expats and remote workers should budget $350/month for utilities and connectivity to ensure stability.
•Investors should consider properties in burgeoning suburbs where living costs are more manageable.
•Digital nomads will find value in urban areas with high-speed internet, despite higher costs.
•Monitor salary-to-cost ratios; high utility costs could deter long-term rental demand in central locations.

Market Context

Compared to other developed nations, Israel's living costs are high, particularly in urban centers like Tel Aviv. Utilities and internet costs are on par with Western Europe, but salary growth has not kept pace, impacting affordability for both locals and expats.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.