Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Tel Aviv is the world’s most expensive city to live in, study finds

(JTA) — Tel Aviv is now the world’s most expensive city to live in — and the reason why is tied in part to Israel’s successful COVID-19 vaccine rollout.

The Israeli city rose from No. 5 to No. 1 in the annual Worldwide Cost of Living index compiled by the Economist Intelligence Unit (EIU), the research arm of The Economist Group. The London-based media company also publishes The Economist magazine.

The 2021 report explains that Israel’s world-leading pace in vaccinating its population helped the shekel reach a “soaring” value against the U.S. dollar, leading to steep local inflation rates in dollar terms. By Jan. 1, 2021, Israel had vaccinated over 10% of its population, earning international praise and attention.

The price of about one out of every 10 everyday goods found in Tel Aviv, especially grocery items, “increased significantly,” the report said. The city is also the second-most expensive place in the world to purchase alcohol and public transportation, the report added. The increased prices of household goods, cars and fuel are noted too.

Tel Aviv’s real estate property prices also rose in 2021, but the EIU index does not factor those into its research.

After Tel Aviv, the EIU ranking lists Paris, Singapore, Zurich and Hong Kong as the other most expensive cities in the top five.


The post Tel Aviv is the world’s most expensive city to live in, study finds appeared first on Jewish Telegraphic Agency.

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly. 

— Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.