In a recent annual cost of living report survey Tel Aviv was ranked the 29th-most expensive city for foreign nationals in the world. The most expensive city in the world for the second consecutive year, is Tokyo
In a recent annual cost of living report survey, released by ECA International, Tel Aviv was ranked the 29th-most expensive city for foreign nationals in the world, down from 18th place in 2010. Tel Aviv is thus the most expensive city in the Middle East.
The figures were taken from ECA International’s Cost of Living Survey, which calculates the cost of living allowances for international assignees based on surveys that are carried out annually in March and September using a basket of day-to-day goods and services.
Since the study addresses the needs of foreign travelers and employees, the housing, education and transportation indices were not included. Jerusalem made the 33rd place, leaving behind metropolises like Vienna (34th place) and even New York's Manhattan (44th place). The next Middle Eastern city in the report, which reviews 400 cities worldwide, is Dubai, which is ranked 175th.
The most expensive city in the world for the second consecutive year, is Tokyo according to the survey.
ECA International: Tel Aviv Mideast's most expensive city
In a recent annual cost of living report survey Tel Aviv was ranked the 29th-most expensive city for foreign nationals in the world. The most expensive city in the world for the second consecutive year, is Tokyo
27.06.11 / 00:00
•
More articles that may interest you
More news from Industry & Trade Section
>Visa waiver agreement signed between Taiwan and Israel/20.06.11
>Central Bureau of Statistics: CPI up 0.5% in June/20.06.11
>CBS: trade deficit for May rose to an all-time high/20.06.11
>Israel's largest business forum coming to Milan/13.06.11
>Rhode Island governor announced trade mission to Israel/13.06.11
>Kibbutz exports to Turkey up 12%/13.06.11
>European lawmakers adopt resolution on R&D cooperation/05.06.11
>CII signed an agreement with Israel’s High Tech Industry Association (HTIA)/05.06.11
>Bank of Israel updated macroeconomic forecast for 2011 and 2012/05.06.11
>Israel Ranked 17th in IMD World Competitiveness Yearbook 2011/30.05.11