Skip to Content
AP National Business

Tel Aviv is priciest city, outranking Paris in new report

yonkershonda.com / CC BY-SA 2.0
By
Published 3:05 AM

By AMI BENTOV
Associated Press

TEL AVIV, Israel (AP) — Residents of Israel’s seaside metropolis Tel Aviv have for years complained of how expensive it is, with living costs taking a chunk out of their paychecks. Now a report released Wednesday affirms their dissatisfaction with the prices. Tel Aviv has emerged as the most expensive city to live in, according to the Economist Intelligence Unit, a research group linked to the Economist magazine. The city, which was previously ranked 5th most expensive, has now surpassed other pricy places like Paris and Singapore. Economists attribute the jump to a strong appreciation of the shekel against the dollar. The Economist Intelligence Unit also pointed to a rise in grocery and transport costs.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KRDO NewsChannel 13 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content