Monday, June 14, 2010

Israel, Jerusalem Cost of Living April 2010

Country Full Name: State of Israel.

Location: Israel is in the Middle East, bordering the Mediterranean Sea, between Egypt and Lebanon.

Country Climate: Temperate; hot and dry in southern and eastern desert areas.

Country Terrain: Negev desert in the south; low coastal plain; central mountains; Jordan Rift Valley.

Major Languages: Hebrew, Arabic.

Major Religions: Judaism, Islam.

Country Population: 7.1 million (2008 est.) 7.3 million (2009 est.).

Country Economy: The economy of Israel, despite limited natural resources, has seen intensive development of the agricultural and industrial sectors over the past decades which has made Israel largely self-sufficient in food production, apart from grains and beef.

Currency: Israeli New Shekel (ILS).

Country Inflation: 4.6% (2008 est.) 3.6% (2009 est.).

City: Jerusalem is the capital of Israel and its largest city.

City Economy: Historically, Jerusalem's economy was supported almost exclusively by religious pilgrims, as it was located far from the major ports of Jaffa and Gaza. Jerusalem's religious landmarks today remain the top draw for foreign visitors, with the majority of tourists visiting the Western Wall and the Old City. The government, centered in Jerusalem, generates a large number of jobs, and offers subsidies and incentives for new business initiatives and start-ups.
Cost of Living: Jerusalem has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Jerusalem is currently ranked 126 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Israel, Jerusalem Cost of Living