Where is it more expensive to live in 2023? Israel or the USA?
The short answer is that the Cost of living in Israel is, on average, 4.8% higher than in the United States. On top of that, the average American salary is 60% higher than that in Israel.
Let’s dive into the numbers and see where you’ll end up spending more in Israel, and what will cost you less than in the USA.
9th of Av - remembering that Israeli sovereignty shouldn't be taken for granted
One thousand nine hundred fifty-two years ago, the world empire breached the walls of Jerusalem and exiled the Jewish people from the Land of Israel. The Jews that remained after the Roman-Jewish war remained in a land that was no longer theirs to rule or left to Babylon, Egypt, or the European continent. One thousand eight hundred seventy-eight years later, the Jewish nation-state was re-established, and the Jews now live in one of the most powerful countries in the world.
Is Israel turning into a true economic power? Israel’s Geoeconomic status going into its 74th Birthday.
Against much disbelief, the state of Israel is turning 74 years old in one of the roughest regions in the world. Yet, today, Israel’s geo-economic powers are more significant than ever and are affecting its ability to take part in shaping the Middle East.
The Chinese threat to Israel - Should Israel join the coalition against China?
The United States is gearing up the pressure against China by building coalitions in Asia and other regions in the world. Sooner or later, Israel will have to pick sides, either the Chinese or the West. Israel will side with the United States and the West in any likely scenario. However, the consequences could be heavy on Israel.
The Negev Summit - The fall of the USA and the rise of China in the Middle East
The Summit held on the 27th of March 2022 symbolized the end of an age where the USA played the sheriff's role in the USA, and China with its proxy states take advantage of the growing opportunity to increase its influence in the Middle East.
Start Up Nation - The story of Israel's exports worldwide
In the past decade, Israel has been experiencing rather rapid economic growth, from a GDP of $27,715 in 2009 to $43,592 in 2019. That is a 43% growth in just 10 years. Israel is not a predominately export based economy, but rather a balance between a local market and foreign investments while exports, especially the exports of services, is an important component to Israel’s economic growth.