Colorful Israeli market stalls with fresh produce and spices

Money & Costs in Israel

Israel is expensive. Here's exactly how much to budget β€” from backpacker to luxury.

Let's be honest: Israel is expensive. It's comparable to Scandinavia or Switzerland for many everyday costs. The Israeli New Shekel (β‚ͺ, NIS, ILS) trades at approximately 1 USD = 3.6 NIS (April 2026). Credit cards are accepted everywhere, including small shops and taxis. ATMs are plentiful. But with smart planning, you can absolutely visit Israel on a budget.

β‚ͺ NIS

Israeli New Shekel

1:3.6

USD to NIS (approx)

1:3.9

EUR to NIS (approx)

17%

VAT (0% in Eilat!)

Daily Budget by Travel Style

Backpacker

$80-120/day

  • Hostel dorm β‚ͺ100-180 ($28-50)
  • Street food (3 meals) β‚ͺ60-100 ($17-28)
  • Public transport β‚ͺ20-40 ($6-11)
  • One activity/museum β‚ͺ30-60 ($8-17)
  • Beer at bar β‚ͺ30-40 ($8-11)

Mid-Range

$200-300/day

  • Hotel (3-star) β‚ͺ400-700 ($110-195)
  • Restaurant lunch + nice dinner β‚ͺ150-250 ($42-70)
  • Taxi/car rental β‚ͺ80-150 ($22-42)
  • Guided tour or activity β‚ͺ100-200 ($28-56)
  • Drinks & snacks β‚ͺ50-80 ($14-22)

Luxury

$500+/day

  • Luxury hotel β‚ͺ1,200+ ($330+)
  • Fine dining β‚ͺ300-600 ($83-167)
  • Private guide/car β‚ͺ500-1,000 ($140-280)
  • Premium experiences β‚ͺ200-500 ($56-140)
  • Cocktails & wine β‚ͺ100-200 ($28-56)

What Things Cost in Israel

🍽️ Food & Drink

  • Falafel in pita β‚ͺ18-25
  • Shawarma in pita β‚ͺ35-50
  • Hummus plate β‚ͺ25-40
  • Restaurant main course β‚ͺ60-120
  • Fine dining tasting menu β‚ͺ350-700
  • Coffee (cafΓ©) β‚ͺ14-22
  • Beer (bar) β‚ͺ28-42
  • Cocktail β‚ͺ50-75
  • Water bottle (1.5L, shop) β‚ͺ5-8
  • Supermarket groceries (1 day) β‚ͺ50-100

🏨 Accommodation

  • Hostel dorm bed β‚ͺ100-180
  • Budget hotel (2-star) β‚ͺ250-400
  • Mid-range hotel (3-star) β‚ͺ400-700
  • Boutique hotel (4-star) β‚ͺ700-1,200
  • Luxury hotel (5-star) β‚ͺ1,200-3,000+
  • Dead Sea resort β‚ͺ800-2,500
  • Negev glamping β‚ͺ400-1,500
  • Airbnb (1 bed) β‚ͺ300-600

🚌 Transport

  • City bus ride β‚ͺ5.50
  • Train TLVβ†’Jerusalem β‚ͺ25
  • Train TLVβ†’Haifa β‚ͺ35
  • Bus TLVβ†’Eilat β‚ͺ70
  • Gett taxi (5km ride) β‚ͺ30-50
  • Rental car (1 day) β‚ͺ150-300
  • Gas (1 liter) β‚ͺ7.50
  • Scooter rental (1 ride) β‚ͺ8-15

🎫 Activities & Attractions

  • Western Wall Free
  • Church of Holy Sepulchre Free
  • BahΓ‘'Γ­ Gardens tour Free
  • Dead Sea public beach Free
  • Masada cable car β‚ͺ31
  • Israel Museum β‚ͺ54
  • Yad Vashem Free
  • Guided day tour β‚ͺ200-400
  • Eilat diving (2 dives) β‚ͺ300-450
  • Petra day trip from Eilat β‚ͺ450-650

10 Money-Saving Tips

1

Eilat is VAT-free (17% cheaper)

Everything in Eilat β€” hotels, restaurants, shopping β€” is exempt from Israel's 17% VAT. This is significant savings, especially on accommodation.

2

Eat at markets, not restaurants

Carmel Market (TLV), Mahane Yehuda (Jerusalem), and Wadi Nisnas (Haifa) offer incredible food at a fraction of restaurant prices. β‚ͺ25 for a full meal vs β‚ͺ80-120.

3

Drink tap water

Israeli tap water is safe and good quality everywhere. A 1.5L bottle costs β‚ͺ5-8 in shops. Refill a water bottle and save β‚ͺ20-40/day.

4

Use public transport

Get a Rav-Kav card. Buses and trains are cheap (β‚ͺ5.50-35). The fast train to Jerusalem costs β‚ͺ25 vs β‚ͺ150+ for a taxi.

5

Visit free attractions

Western Wall, Church of Holy Sepulchre, BahΓ‘'Γ­ Gardens tours, Yad Vashem, Dead Sea public beach, Tel Aviv beaches β€” all free.

6

Cook at accommodation

Hostels and Airbnbs with kitchens save huge on food. Israeli supermarkets (Shufersal, Rami Levy) have great fresh produce.

7

Book Friday flights

Friday afternoon and Saturday flights to/from Israel are often cheapest because religious travelers avoid Shabbat travel.

8

Visit in shoulder season

November-February (excluding holidays) and May have the best hotel deals β€” up to 40% less than July-August peak.

9

Get the VAT refund

Tourists can get a 17% VAT refund on purchases over β‚ͺ400 at participating stores. Ask for the refund form and claim at Ben Gurion Airport before departure.

10

Use Abraham Tours for day trips

Budget-friendly group tours to Masada/Dead Sea (β‚ͺ250-350) are much cheaper than private tours (β‚ͺ700+) and include transport.

Payment & ATMs

πŸ’³ Cards

  • β€’ Visa and Mastercard accepted everywhere
  • β€’ Contactless/Apple Pay works at most terminals
  • β€’ Amex accepted at larger establishments
  • β€’ Some market stalls and small shops: cash only
  • β€’ Use a no-foreign-fee card (Wise, Revolut) to avoid 2-3% bank fees

🏧 ATMs

  • β€’ ATMs everywhere: banks, malls, train stations
  • β€’ Withdraw in NIS (decline "conversion" to avoid bad rates)
  • β€’ Bank ATMs: Hapoalim, Leumi, Discount
  • β€’ Ben Gurion Airport has ATMs in arrivals
  • β€’ Typical fee: β‚ͺ10-20 per withdrawal + your bank's fee