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Israel Eighth Most Expensive Country in the World

According to CEO World Magazine, the Jewish state is the eighth-most expensive place in the world to live. High rents, high prices, and high transport costs placed Israel close to the top of the countries with the highest cost of living. CEO World magazine based its assessment on a range of living costs, such as accommodation, clothing, taxi fares, utility, internet, the price of groceries, transport, and eating out. The list compared dozens of locations around the world, using “notoriously expensive” New York City as a benchmark. Based on that, Israel’s cost of living was about 80% of New York’s. Topping the list in almost every category was Switzerland, where life, in general, is about 20% more expensive than in New York. The United States overall ranked 20th on the list. Those looking for an inexpensive lifestyle should check out Pakistan or Afghanistan, which ranked as the two least expensive countries for almost every metric. (VFI News)