Here you will find the sample budget for a family of Olim planning their first year in Israel. This resource allows you to approximate the main monthly expenses you will encounter after making Aliyah.
ASSUMPTIONS
- This spreadsheet is for cash out only, and does not reflect income or savings.
- All furniture, appliances and clothing are shipped from overseas.
- All sums are in New Israeli Shekels.
- For the purposes of this budget, the family size represented here is 2 adults and 4 children.
Monthly Expenses
Sample Budget
Expense: | Cost: | Notes: |
---|---|---|
Rent | ₪4,000-₪11,000 | Living in the non-center (north and south) versus the center (Tel Aviv or Jerusalem) of Israel. |
Transportation by car | ₪2,000-₪4,500 | Includes maintenance, registration and gas. (Public transportation costs up to ₪900 NIS.) |
Education | ₪750-₪2,500 | Ranges between public and private school costs. |
Tutoring | 0-₪1,500 | |
Childcare | ₪1000-₪4,500 | |
Food | ₪4,000-₪6,500 | |
Phone/Cell/Internet | ₪600-₪1,500 | |
Utilities | ₪950-₪2,000 | |
Health insurance (supplemental coverage) | 0-₪780 | Reflects cost of supplemental coverage not included in the basic package. Basic coverage is free for the first six months, and can continue to be free for up to 12 months if you’re still not working. |
Other insurance & medical costs | ₪750-₪1,500 NIS | Includes life, home, property and auto insurance as well as dental and optical care. |
After-school activities | ₪500-₪1,600 | Includes TV license and cable; and an occasional movie, babysitter, family trip and eating out in restaurants. |
Arnona (municipal taxes) | ₪100-₪750 NIS | Reflecting the 90% discount received by new Olim during the first year. |
Totals: ₪14,650-₪32,130
Start up expenses
Expense | Cost | Notes |
---|---|---|
House Setup | ₪5,500-₪12,500 | Includes furniture assembly, electrician and plumber. |
Release of Shipment | ₪2,500-₪7,500 | Depends on the size of the crate. |
Car | ₪75,500-₪240,000 | May be financed. Sum represents the initial cost but does not include the cost per year for car insurance, repairs and gas. Gas costs approximately ₪400-₪475 to fill up a mid-sized car. |
OTHER EXPENSES TO CONSIDER
Expense: |
Savings plan |
Charitable contributions |
Mas Hachnasa (income tax) |
Credit cards |
Supplementary Insurance |
Vacations |
Tutoring |
Clothing |
Medications |
Toiletries |
These charts should be used as estimates only.
For more information on balancing your family’s lifestyle on an Israeli budget, see Baruch Labinsky’s online Financial Planning Seminar from Blabinsky.
*Last updated on August 5, 2022*