Cost Of Living in Palestine 2025

cost of living chart - average monthly expenditure in Palestine

Average monthly spending for singles, couples, students, and families in Palestine

Whether you're living in Palestine or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: USD
83 1,100 11,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Single

Currency: USD
110 750 5,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Couple

Currency: USD
410 1,200 6,600
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Family

Currency: USD
580 1,700 11,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Student

Currency: USD
83 550 3,600
MINIMUM AVERAGE MAXIMUM
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Palestine is 750 USD. Expenses can range from 110 USD at the minimum level to 5,000 USD at the highest end.


Couples

The average monthly spending of couples in Palestine is 1,200 USD. Expenditure can range from 410 USD to 6,600 USD per month.


Families

The average cost of living for families in Palestine is 1,700 USD per month. Families spend anywhere from 580 USD to 11,000 USD.


Students

The average monthly expenditure for students in Palestine is 550 USD. Students spend from 83 USD to 3,600 USD per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.



Prices and cost of goods and services in Palestine


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Palestine

Dining, food, and beverages costs


Fast food combo meal

1.1 USD 2.2 USD 3.7 USD
MINIMUM AVERAGE MAXIMUM

Restaurant meal for one

3.7 USD 5.6 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Fine dining meal for one

7.4 USD 11 USD 45 USD
MINIMUM AVERAGE MAXIMUM

Cappuccino or latte

0.93 USD 1.5 USD 2.2 USD
MINIMUM AVERAGE MAXIMUM

Grocery and market costs


Milk large bottle

0.74 USD 0.89 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

12 eggs

0.56 USD 0.74 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

Fresh whole chicken

1.3 USD 1.6 USD 2.3 USD
MINIMUM AVERAGE MAXIMUM

Pack of beef

1.5 USD 2.2 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM

Medium bag of rice

0.60 USD 0.82 USD 1.2 USD
MINIMUM AVERAGE MAXIMUM

Bag of tomatos

0.22 USD 0.30 USD 0.56 USD
MINIMUM AVERAGE MAXIMUM

Bag of apples

0.40 USD 0.52 USD 0.86 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of commute, travel, and transportation in Palestine

Commute, travel, and transportation costs


20 minutes taxi ride

0.93 USD 1.1 USD 2.2 USD
MINIMUM AVERAGE MAXIMUM

Average car full tank

5.6 USD 7.4 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Average car 1-day rental

5.6 USD 7.4 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Average car price

2,800 USD 5,600 USD 7,400 USD
MINIMUM AVERAGE MAXIMUM

Bus ticket one way

0.19 USD 0.28 USD 0.56 USD
MINIMUM AVERAGE MAXIMUM

Car Service

7.4 USD 11 USD 22 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of utility, energy, water, and gas for a family in Palestine

Utility cost (monthly)


Utility Bill - Individual

6.3 USD 45 USD 300 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Couple

17 USD 56 USD 360 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Family

29 USD 83 USD 540 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable

5.6 USD 11 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone charges

4.5 USD 7.4 USD 22 USD
MINIMUM AVERAGE MAXIMUM

Leisure and activities costs


Movie ticket

2.8 USD 3.7 USD 5.6 USD
MINIMUM AVERAGE MAXIMUM

One month gym membership

8.9 USD 11 USD 22 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of clothing and accessories in Palestine

Cloths and accessories costs


Pair of jeans or pants

6.5 USD 9.3 USD 14 USD
MINIMUM AVERAGE MAXIMUM

Woman dress

6.2 USD 8.6 USD 28 USD
MINIMUM AVERAGE MAXIMUM

Woman shoes

5.9 USD 8 USD 19 USD
MINIMUM AVERAGE MAXIMUM

Men's shoes

5.1 USD 6.2 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Men suit

5.6 USD 7 USD 37 USD
MINIMUM AVERAGE MAXIMUM

Regular t-shirt

2.8 USD 3.7 USD 11 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of housing, accommodation, and rent in Palestine

Housing costs / monthly rent


Studio apartment

93 USD 140 USD 370 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

140 USD 220 USD 560 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

190 USD 280 USD 740 USD
MINIMUM AVERAGE MAXIMUM

Housing costs / Buying


Studio apartment

19,000 USD 28,000 USD 56,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

22,000 USD 37,000 USD 140,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

37,000 USD 110,000 USD 220,000 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of furniture in Palestine

Furniture Costs


King Size Bed

110 USD 140 USD 190 USD
MINIMUM AVERAGE MAXIMUM

Double Bed

74 USD 110 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Single Bed

65 USD 86 USD 110 USD
MINIMUM AVERAGE MAXIMUM

Living Room

120 USD 160 USD 560 USD
MINIMUM AVERAGE MAXIMUM

Dining Table

56 USD 74 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Sofa or Couch

74 USD 100 USD 220 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of electronic devices and appliances in Palestine

Electronics and House Appliance Costs


TV Set

74 USD 110 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Fridge or Freezer

65 USD 100 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Washing Machine

86 USD 120 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Stove or Cooker

80 USD 100 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Mobile Phone

93 USD 110 USD 160 USD
MINIMUM AVERAGE MAXIMUM

Laptop or Computer

100 USD 120 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Expenditure to Income Ratio in Palestine

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Palestine

Spending to Income Ratio

85%

78% to 94%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
60% - 70%17%
70% - 80%26%
80% - 90%18%
90% - 100%10%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Palestine is 85% This means that on average, people spend around 85% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
77%
Spending-Income-Ratio
70%
85%

Couple
81%
Spending-Income-Ratio
74%
89%

Family
89%
Spending-Income-Ratio
82%
99%
Distribution of monthly cost of living expenses in Palestine

How do people spend their money in Palestine?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure25%

25% of total expenses on average (14% to 33%)

LOW25 USD
AVERAGE320 USD
HIGH3,200 USD
Per Month

People living in Palestine typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 320 USD with expenditure ranging from 25 USD to 3,200 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (4% to 11%)

LOW4.1 USD
AVERAGE54 USD
HIGH540 USD
Per Month

Utility expenditure like electricity, water, and gas in Palestine ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 54 USD with 4.1 USD and 540 USD being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW8.3 USD
AVERAGE110 USD
HIGH1,100 USD
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 8.3 USD to 1,100 USD on commuting with 110 USD being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW21 USD
AVERAGE270 USD
HIGH2,700 USD
Per Month

The average outlay on groceries in a month in Palestine is 270 USD. The cost of groceries can range between 21 USD to 2,700 USD. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW5.8 USD
AVERAGE75 USD
HIGH750 USD
Per Month

People in Palestine allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 5.8 USD to 750 USD with 75 USD being the norm.

Leisure and Shopping5%

5% of total expenses on average (3% to 9%)

LOW3.3 USD
AVERAGE43 USD
HIGH430 USD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 3.3 USD to 430 USD with 43 USD being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW5 USD
AVERAGE65 USD
HIGH650 USD
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 65 USD per month with 5 USD being the minimum spent amount and 650 USD being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW11 USD
AVERAGE140 USD
HIGH1,400 USD
Per Month
Percentage of people who manage to save money from their income every month in Palestine

How much money can you save in Palestine every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Palestine manage to save money from their income every month?


Saving Money
58%
Not Saving
42%

Almost 58% of the surveyed people in Palestine said that they can save some money at the end of each month while 42% said that aren't saving anything.


Percentage of people saving money by population group in Palestine

GroupSaversNon Savers
Singles64%36%
Couples59%41%
Families54%46%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Savings to income ratio in Palestine

Saving to Income Ratio

9% 16% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

28 USD 370 USD 3,700 USD
MINIMUM AVERAGE MAXIMUM

For most people, 9% to 29% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 370 USD on average with savings ranging from 28 USD to 3,700 USD.

64% of surveyed singles reported some of their income going to savings while 59% of couples said the same. 54% of families confirmed their ability to save money.


How much money do people actually save in Palestine?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

12% 20% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

28 USD 260 USD 1,700 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%31%
10% - 20%25%
20% - 30%16%
30% - 40%14%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 31% of their monthly income to savings, with 20% being the average for most singles. The average amount of money that singles are able to save is 260 USD with 28 USD and 1,700 USD being the minimum and maximum respectively.


Couples

Saving to Income Ratio

10% 18% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

140 USD 430 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%35%
10% - 20%27%
20% - 30%19%
30% - 40%9%
40% - 50%7%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 10% to 30% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 430 USD with 140 USD and 2,300 USD being the minimum and maximum respectively.


Families

Saving to Income Ratio

9% 15% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

200 USD 570 USD 3,700 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%38%
10% - 20%30%
20% - 30%20%
30% - 40%6%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families in Palestine can save anywhere between 9% to 27% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 570 USD with 200 USD and 3,700 USD being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Palestine

Saving Challenges in Palestine

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Palestine. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do people choose to put their savings in Palestine

Typical saving choices for people in Palestine

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical to live in Palestine

Affordable living in Palestine

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Palestine?


Yes
60%
No
40%

Around 60% of surveyed residents think that living in Palestine is affordable with proper budgeting while 40% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Palestine

Low-cost alternatives in Palestine

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options57%

Few low-cost options43%


Based on the survey, 57% of the people living in Palestine have no problem finding low-cost alternatives to support a frugal lifestyle while 43% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Palestine whether they have an emergency fund and the answers were as follows.

Yes57%

No43%


Based on the survey, 43% of the people living in Palestine said that they don't have an emergency fund while 57% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Palestine

Financial Literacy in Palestine

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy55%


We asked residents of Palestine whether they acquired any adequate personal financial training in their lives. Approximately 45% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 55% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Palestine have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 44% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 56% said that they have everything under control.

Struggles with finance44%

Easily manages finances56%

Financial goals and targets of people living in Palestine

Financial goals of people in Palestine

In an attempt to understand the economic situation in Palestine, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction38%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 38% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Palestine

What does the retirement lifestyle look like in Palestine and how much retirement savings are required?

Retirement age

The retirement age for most employees in Palestine is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Palestine:
AgeAmount
252,900 USD
305,800 USD
3510,000 USD
4014,000 USD
4522,000 USD
5030,000 USD
5536,000 USD
6045,000 USD
6554,000 USD

Retirement Income Distribution

We asked residents of Palestine about their retirement income sources and below are the results.

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job12%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Palestine

61 USD 550 USD 3,600 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Palestine

Debt, loans, and mortgages in Palestine


Percentage of people who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the people in Palestine have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Palestine

Debt-to-income ratio in Palestine

Debt to income ratio

30%

22% to 39%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 30% of the people's monthly income in Palestine goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%15%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%15%
0% - 10%27%

According to our data, 3% of the debtors in Palestine pay 60%+ of their income as debt settlement while 15% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Palestine

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan40%

11% of debtors in Palestine confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Palestine.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Palestine

Besides measuring the loan-to-income ratio, we asked residents of Palestine how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Palestine

Housing costs, accommodation, and housing affordability in Palestine

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Palestine

Monthly Rent Prices

Studio apartment monthly rent cost

93 USD 140 USD 370 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment monthly rent cost

140 USD 220 USD 560 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment monthly rent cost

190 USD 280 USD 740 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment monthly rent cost

220 USD 370 USD 1,000 USD
MINIMUM AVERAGE MAXIMUM

Furnished apartment monthly rent cost

450 USD 1,100 USD 2,200 USD
MINIMUM AVERAGE MAXIMUM

Townhouse monthly rent cost

370 USD 560 USD 1,600 USD
MINIMUM AVERAGE MAXIMUM

House monthly rent cost

450 USD 1,100 USD 2,200 USD
MINIMUM AVERAGE MAXIMUM

Villa monthly rent cost

560 USD 1,400 USD 2,200 USD
MINIMUM AVERAGE MAXIMUM

The monthly rental cost of a studio apartment in Palestine ranges between 93 USD and 370 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 140 USD to 560 USD. Two-bedroom rentals rate ranges between 190 USD and 740 USD per month. The monthly rental for a three-bedroom apartment ranges from 220 USD to 1,000 USD. The average rent of a townhouse in Palestine is around 560 USD while house rental costs can be as high as 1,100 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 560 USD to 2,200 USD per month.



Apartment and house prices in Palestine

Cost of buying a property

Studio apartment price

19,000 USD 28,000 USD 56,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment price

22,000 USD 37,000 USD 140,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment price

37,000 USD 110,000 USD 220,000 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment price

120,000 USD 190,000 USD 560,000 USD
MINIMUM AVERAGE MAXIMUM

Townhouse price

160,000 USD 370,000 USD 1.4M USD
MINIMUM AVERAGE MAXIMUM

House price

190,000 USD 1.1M USD 1.6M USD
MINIMUM AVERAGE MAXIMUM

Villa price

220,000 USD 1.2M USD 1.9M USD
MINIMUM AVERAGE MAXIMUM

The average price of a studio apartment in Palestine can range from 19,000 USD to 56,000 USD depending on location. One bedroom cost can be anywhere from 22,000 USD to 140,000 USD. A villa can cost you 1.2M USD on average with prices ranging from 220,000 USD to 1.9M USD.


If you're leasing or purchasing, housing costs in Palestine will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


35 x100 monthly income 200
MINIMUM AVERAGE MAXIMUM

Property prices in Palestine can be x100 to x200 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x100 multiples of the average monthly salary in Palestine.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 30% of income 40%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Palestine is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 20% to 40% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
28%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2%
AVERAGE
3%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


1.7 USD 22 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Palestine

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Palestine

Utility Bill Cost / Electricity + Water + Gas / Individual

6.3 USD 45 USD 300 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Couple

17 USD 56 USD 360 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Family

29 USD 83 USD 540 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable cost

5.6 USD 11 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone bill and charges

4.5 USD 7.4 USD 22 USD
MINIMUM AVERAGE MAXIMUM

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly expenditure for individuals on electricty, water, and gas in Palestine ranges between 6.3 USD and 300 USD with average being 45 USD, meanwhile the expenditure of couples is slightly higher at 56 USD with 17 USD and 360 USD being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 83 USD. The cost of internet and WiFi is unchanged among the three groups and ranges from 5.6 USD to 15 USD with 11 USD being the average internet bill. Finally, the average monthly mobile charges is around 7.4 USD but can range between 4.5 USD and 22 USD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3% 6% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Palestine is around 6%. This means that people pay 6% of their income for energy, water, internet, and mobile charges. Those figures can range from 3% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Palestine

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Palestine

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

1.1 USD 2.2 USD 3.7 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Palestine is approximatly 2.2 USD with meal cost ranging from 1.1 USD to 3.7 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

3.7 USD 5.6 USD 11 USD
MINIMUM AVERAGE MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 3.7 USD and 11 USD with 5.6 USD being the average price of a plate for one person at a regular restaurant in Palestine.

Fine dining meal for one price

7.4 USD 11 USD 45 USD
MINIMUM AVERAGE MAXIMUM

The price range of a meal at fine-dining restaurant is 7.4 USD to 45 USD with the average cost being 11 USD for one person. This is what you would expect to pay a top-tier diner in Palestine.

Beverage prices, cappuccino, latte etc..

0.93 USD 1.5 USD 2.2 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Palestine is around 1.5 USD. Price ranges between 0.93 USD and 2.2 USD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

0.74 USD 0.89 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

The average price of a large bottle of milk in Palestine is 0.89 USD. The maximum what you would pay for milk is 1.1 USD and the minimum being 0.74 USD depending on the brand of milk and other properties.

12 eggs price

0.56 USD 0.74 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

A dozen eggs costs around 0.74 USD on average with 0.56 USD and 1.1 USD being the lower and upper limits respectively.

Fresh whole chicken price

1.3 USD 1.6 USD 2.3 USD
MINIMUM AVERAGE MAXIMUM

The price range of a fresh whole chicken in Palestine is between 1.3 USD and 2.3 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 1.6 USD.

Pack of beef price

1.5 USD 2.2 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM

The price of a regular pack of beef or meat is around 2.2 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

0.60 USD 0.82 USD 1.2 USD
MINIMUM AVERAGE MAXIMUM

A bag of rice in Palestine costs around 0.82 USD on average with prices rangeing between 0.60 USD and 1.2 USD depending on the brand and quality.

Bag of tomatos price

0.22 USD 0.30 USD 0.56 USD
MINIMUM AVERAGE MAXIMUM

A bag of tomatoes costs anywhere from 0.22 USD to 0.56 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

0.40 USD 0.52 USD 0.86 USD
MINIMUM AVERAGE MAXIMUM

A bag of apples costs 0.52 USD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


18% 26% of income 32%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Palestine is around 26%. This means that people spend 26% of their income on grocery and basic household items. The expenditure can range from 18% to 32% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 120 USD per month on grocery and food with expenditure fluctuating between 17 USD and 800 USD depending on location and the type of person. The average cost of food and groceries for a couple is around 170 USD per month. That number can be get as low as 58 USD or a high as 930 USD. Families' spending on grocery ranges from 100 USD to 1,900 USD with the location, income, and size of the family being the most determinite factors.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Palestine

Housing cost for a single person31%

31% of total expenses on average (19% to 43%)

LOW38 USD
AVERAGE270 USD
HIGH1,800 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (4% to 13%)

LOW6.3 USD
AVERAGE45 USD
HIGH300 USD
Per Month

Transport and Fuel Cost6%

6% of total expenses on average (4% to 12%)

LOW8.4 USD
AVERAGE60 USD
HIGH400 USD
Per Month

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW17 USD
AVERAGE120 USD
HIGH800 USD
Per Month

Healthcare Cost11%

11% of total expenses on average (5% to 15%)

LOW9.5 USD
AVERAGE67 USD
HIGH450 USD
Per Month

Leisure and Shopping Expenditure3%

3% of total expenses on average (3% to 6%)

LOW5.3 USD
AVERAGE37 USD
HIGH250 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW2.1 USD
AVERAGE15 USD
HIGH100 USD
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW19 USD
AVERAGE130 USD
HIGH900 USD
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Palestine

Housing cost for a couple28%

28% of total expenses on average (21% to 38%)

LOW140 USD
AVERAGE420 USD
HIGH2,300 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (5% to 11%)

LOW17 USD
AVERAGE56 USD
HIGH360 USD
Per Month

Transport and Fuel Cost10%

10% of total expenses on average (4% to 15%)

LOW50 USD
AVERAGE150 USD
HIGH800 USD
Per Month

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW58 USD
AVERAGE170 USD
HIGH930 USD
Per Month

Healthcare Cost13%

13% of total expenses on average (7% to 17%)

LOW46 USD
AVERAGE140 USD
HIGH730 USD
Per Month

Leisure and Shopping Cost4%

4% of total expenses on average (2% to 7%)

LOW25 USD
AVERAGE75 USD
HIGH400 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW8.3 USD
AVERAGE25 USD
HIGH130 USD
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW71 USD
AVERAGE210 USD
HIGH1,100 USD
Per Month


Family
Average monthly expenses and break out of spending for families living in Palestine

Housing cost for a family27%

27% of total expenses on average (22% to 37%)

LOW190 USD
AVERAGE530 USD
HIGH3,500 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

5% of total expenses on average (3% to 8%)

LOW29 USD
AVERAGE83 USD
HIGH540 USD
Per Month

Transport and Fuel Expenses6%

6% of total expenses on average (4% to 8%)

LOW58 USD
AVERAGE170 USD
HIGH1,100 USD
Per Month

Food and Groceries Cost20%

20% of total expenses on average (13% to 26%)

LOW100 USD
AVERAGE300 USD
HIGH1,900 USD
Per Month

Healthcare Expenses10%

10% of total expenses on average (6% to 15%)

LOW52 USD
AVERAGE170 USD
HIGH860 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW29 USD
AVERAGE83 USD
HIGH540 USD
Per Month

Education Cost14%

14% of total expenses on average (7% to 22%)

LOW81 USD
AVERAGE230 USD
HIGH1,500 USD
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW46 USD
AVERAGE130 USD
HIGH860 USD
Per Month


Student
Cost of living and expenses break down for students living in Palestine

Housing costs for Student19%

19% of total expenses on average (14% to 25%)

LOW20 USD
AVERAGE130 USD
HIGH870 USD
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses6%

6% of total expenses on average (4% to 10%)

LOW3.3 USD
AVERAGE22 USD
HIGH150 USD
Per Month

Transport and Fuel Cost5%

5% of total expenses on average (5% to 11%)

LOW5.8 USD
AVERAGE38 USD
HIGH250 USD
Per Month

Food and Groceries Expenditure22%

22% of total expenses on average (16% to 26%)

LOW17 USD
AVERAGE110 USD
HIGH730 USD
Per Month

Healthcare Cost8%

8% of total expenses on average (5% to 11%)

LOW5 USD
AVERAGE33 USD
HIGH220 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW4.1 USD
AVERAGE27 USD
HIGH180 USD
Per Month

Education Cost19%

19% of total expenses on average (12% to 24%)

LOW16 USD
AVERAGE100 USD
HIGH690 USD
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW12 USD
AVERAGE82 USD
HIGH550 USD
Per Month
evoeicarsraw©copound