How Much Does It Cost to Live in Tel Aviv, Israel?

Tel Aviv is a medium city located in Israel with a metropolitan area population of 422,364. A couple could live a moderate lifestyle in Tel Aviv on a budget of $4,309 per month, or $51,713 per year.

Cost of Living in Tel Aviv, Israel

As noted above, the cost of living in Tel Aviv, Israel is $4,309 per month for a couple living a moderate lifestyle. This budget consists of $2,403 for housing related costs, $744 for food, and $1,162 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Tel Aviv is estimated to cost $2,034
  • Basic utilities including electricity, water, and gas will run about $329
  • High-speed internet averages $40

Food

  • Typical grocery costs of $513 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $122
  • Frequent coffees in a neighborhood café are estimated to be about $108

Other

  • Meals out are estimated to be $690 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $172 for public transport passes and occasional taxis
  • Fitness center memberships of $238
  • Cinema tickets of $63 include several outings for international releases

Note that Tel Aviv, Israel is a very walkable city with a Walk Score of 98/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Tel Aviv, Israel

Many people searching the internet for the cost of living in Tel Aviv, Israel are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,292,826 to live a moderate lifestyle in Tel Aviv, Israel.

Annual expenses of $51,713 ÷ 4% = $1,292,826 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Tel Aviv, Israel is affordable coming in at $4,309 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,292,826.