Saturday, September 22nd | 13 Tishri 5779

Subscribe
March 18, 2018 3:40 pm

Tel Aviv Ranked Ninth Most Expensive City in the World

avatar by JNS.org

Email a copy of "Tel Aviv Ranked Ninth Most Expensive City in the World" to a friend

A view of the Tel Aviv skyline. Photo: LaMèreVeille via Wikimedia Commons.

JNS.org – Israel’s Tel Aviv has been ranked the ninth most expensive city in the world.

The White City’s cost of living skyrocketed from the 34th most expensive city, a distinction it held just five years ago, according to the Economist’s Intelligence Unit annual report.

Singapore was dubbed the world’s priciest city, followed by Paris, Zurich, Hong Kong and Oslo. Tel Aviv is the most expensive city in the Middle East. Asia was home to four of the 10 most expensive cities in the ranking, with New York and Los Angeles falling to 13th and 14th respectively, due in part to the weakening of the US dollar.

The Israeli shekel’s appreciation has driven up consumer costs across the board, according to the 2018 Worldwide Cost of Living Survey published on Thursday.

Related coverage

September 21, 2018 9:51 am
0

Israel to Deduct Money Sent to Family of Ari Fuld’s Murderer from Funds Transferred to Palestinian Authority

Israel will withhold the amount paid to Ari Fuld's murderer from funds earmarked for transfer to the Palestinian Authority. Fuld, a...

Car ownership costs 79 percent more than in New York, though the average Israeli income is less than half the American average.

An average loaf of bread which cost $2.98 ten years ago cost $4.44 five years ago and $5.10 today.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner

Algemeiner.com