Tel Aviv is a vibrant metropolis.
And its inhabitants are a mix of young professionals and retirees.
But a recent report from the American real estate firm Zillow suggests the city could be a more desirable destination if you are willing to relocate to its suburbs.
The Zillows report, titled “Moving to Tel Aviv: What’s in it for you?”, was published this month and focuses on the affordability of moving to the Israeli capital.
It surveyed more than 2,400 residents of Tel Aviv, and the researchers found that while most of the residents were not homeowners, they tended to be in a better financial situation than their fellow residents of the city.
“The average annual household income of the median resident in Tel Beni was about $100,000, while the median monthly income for all residents was about a third less than that,” the report said.
In addition, the median annual household debt was about one-fifth of that of Tel Benis residents.
The average rent for a one-bedroom apartment in Tel-Aviv is $2,500 a month, and while a two-bedroom is slightly more affordable, it is still more expensive than other cities, the report noted.
“If you want to be able to afford to live here, you’ll need to find a better place to go,” said the report’s author, David Tov, who specializes in real estate and development.
“You need to think about your finances and the opportunities that exist.”
Tel Aviv’s median annual income is about $80,000.
Source Zillovar/Zillow source Zillowski/Zillszewska/Getty Images A recent study by the Zillower company found that Tel Aviv had the best property market in the country and that it was one of the few cities in the world with a “strong” real estate market.
The report said Tel Aviv was also one of Israel’s “most affordable cities,” which was because “most people can afford to move.”
The report added that the median household income in Tel beni is about half of the US median household.
The median rent for one-bedrooms in Tel Aviv is about one third the cost of a similar unit in New York City, the Zillszawski/Zillikska/ Getty Images report noted, but the survey also found that the average homebuyer in the city was in the same situation as their counterparts in the US.
“Even though the median homebuyers in TelAviv are in better financial position than their peers in the metro area, the typical TelAvivan household is less affluent,” the Zillerow report said, “and their median monthly rent is only a quarter of that in the area.”
According to the Zellow report, Tel Aviv has the third-highest concentration of homeownership in Israel, after the southern cities of Jerusalem and Ashkelon.
However, the number of homeowners in Tel Azim has dropped from about 30 percent of the population in the 1980s to about 14 percent today.
As a result, the average monthly income in the Tel Aviv area is about two-thirds the cost in the northern and central parts of the country, the study said.
The researchers also found a higher percentage of people were living in apartments, which are generally cheaper than houses.
The survey found that one-third of Tel Aziz residents had never purchased a home before, compared to 17 percent of residents in the cities of Ramat Gan and Kiryat Arba.
And nearly a quarter were renting, which the report attributes to a high rate of evictions in the region.
The housing market is also very difficult for those who want to move out of Tel-Azim.
According to Zillowitz, it’s more difficult to move from Tel-Beni than the other cities in Israel.
“While the population is still relatively small, it means there are fewer places for people to move,” the researchers wrote.
“For example, a new resident moving to Tel-Bev, Tel-Havam, or Tel-Yamish will find it more difficult than a resident moving from Tel Aviv to Ashkelah.”
Zillozzi/Zellowszewski/Getty images Zillzawszewsky/Zilikski/AP