Here you will find a sample budget for a family planning their retirement in Israel. This resource allows you to approximate your monthly expenses during your first year of Aliyah.ז
To view the current retirement age in Israel, click here.
- All sums are in New Israeli Shekels.
- All furniture, appliances and clothing are shipped from North America.
- Upon arrival, you will be renting your residence.
- Car expenses include fuel, insurance, registration, and maintenance, but not the cost of purchase.
|Expense: ||Cost: ||Notes: |
|Total Sum ||₪5,970-₪14,962 || |
|Rent: ||₪2,500-₪7,500 ||Living in the non-center (north and south) versus the center (Tel Aviv or Jerusalem) of Israel. |
|Public Transportation: ||0-₪450 ||As of August 01, 2022, public transportation is free to Israeli citizens over the age of 75. |
|Food: ||₪2,000-₪3,500 || |
|Phone/Cell/Internet: ||₪220-₪500 || |
|Utilities: ||₪500-1,000 || |
|Health Insurance: ||0-₪212 ||Free for the first 6 months after Aliyah for those without income. Olim begin paying into Bituach Leumi (which in turn pays for basic healthcare) after 6 months or if employed prior to the end of the first year of Aliyah. If you are receiving Income Support from Misrad Haklita (Dmei Kiyum) following your Sal Klita payments, you will be eligible for an additional 6 months of free basic healthcare coverage. |
|Entertainment: ||₪500-₪1000 ||Includes cable TV, an occasional movie, trip and eating out in restaurants. |
|Arnona ||₪250-₪800 ||Reflecting the 90% discount received by new Olim during the first year. |
| Expense: ||Cost: ||Notes: |
|House setup ||₪3,500-₪7,500 ||Includes furniture purchase and cost of assembly, electrician, and plumber for a shared, unfurnished apartment. |
|Gym ||₪400-₪750 || |
|Car ||₪2,500-₪3,500 ||Includes monthly maintenance, insurance, and gas. Does not include the cost of purchasing a car or parking. |
OTHER EXPENSES TO CONSIDER
| Expense: |
|Savings plan |
|Charitable contributions |
|Mas Hachnasa (Income tax) |
|Credit cards |
|Supplementary Insurance |
|Additional University Costs |
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*