Retirement in Israel Budget | Nefesh B’Nefesh
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.
All sums are in US Dollars.
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 cost of purchase.
Family Size- 2 adults (but costs will not be cut in half for a single)
|Monthly Expenses (approx.)||Per Month|
|Note that a retirement home will cost considerably more and require maintenance|
|Transportation – Car||$500-$650|
|Public transportation will cost approx: $200|
|There is a variety of upgraded health plans and private policies.Availability and costs of medications and treatments should be carefully investigated.|
|Other Insurance/Medical expenses||$200-$300|
|includes life, home, property, as well as dental and optical care|
|includes cable, occasional movie, restaurant, vacation|
|Municipal Taxes (Arnona)||$10-$100|
|Representing 90% discount for first year.|
|Total Estimated Monthly Expenses||$2,310 – $4,500|
For more information on balancing your family’s lifestyle on an Israeli budget, see Baruch Labinsky’s online Financial Planning Seminar.
(This article originally appeared on Nefesh B’Nefesh: http://www.nbn.org.il/aliyahpedia/getting-started-planning-aliyah/planning-retirement-in-israel/sample-retiree-budget/)