The price of a day’s food varies from place to place, but the average cost is $99. Milk is priced at 22.80 Shekels in Israel, while bread costs 8.25 Shekels. In Israel, the cost of food has increased by 4.7 percent over the last year. Prices for food have nearly doubled as a share of overall expenses over the last year. The population of this small state in the Middle East is about 9 million people. At the same time 75% of Israeli citizens are Jews, 21% are Arabs, and the remaining 4% are listed as "others. Below, we outline the prices and costs of living, current tax rates, employment features, wages, as well as the pros and cons of living in Israel in 2023.
Israel Inflation Decelerates for 3rd Month. Israel’s annual inflation rate eased to 3.3% in July 2023 from 4.2% in the previous month and below the market forecasts of 3.5%. It was the softest reading since January 2022, mainly due to decreased cost of clothing & footwear (-9% vs -8.2%) and furniture & household equipment (-4.1% vs -2.9%).
Cost of living in Israel is, on average, 8.57% higher than in United States. Rent in Israel is, on average, 30.61% lower than in United States.

The average cost of living in Jerusalem is $1804, which is in the top 23% of the most expensive cities in the world, ranked 2117th out of 9294 in our global list and 7th out of 67 in Israel. The median after-tax salary is $2484 , which is enough to cover living expenses for 1.4 months.

Consumer Price Index CPI in Israel decreased to 105.10 points in November from 105.40 points in October of 2023. This page provides the latest reported value for - Israel Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
AU$41. - 66%. TOTAL. - 13%. These prices were last updated on January 10, 2024. Exchange rate: 0.40033 AUD / ILS. This comparison is based on abundant and consistent data. It is based on 3,353 prices entered by 443 different people. Cost of Living Comparison Israel vs Australia, including food, housing, transportation, and more.
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