Verified Facts

Official NameArab Republic of Egypt
CapitalCairo
Population107.3 million
Area1,002,450 km² (387048 sq mi)
LanguagesArabic
CurrencyEgyptian pound (£)
TimezoneUTC+02:00
RegionAfrica / Northern Africa
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$19,094 (2024)
Inflation Rate28.3% (2024)
Health Spend per Capita$141 (2023)
Source: World Bank Open Data

Egypt is generally cheaper than Palestine, with an overall cost of living that is around 20-30% lower.

Quick Facts

Egypt GDP per Capita (PPP)12,554
Palestine GDP per Capita (PPP)4,300
Egypt Inflation Rate5.5%
Palestine Inflation Rate1.5%
Overall Winner (Cheaper)Egypt

Overview: Egypt vs Palestine

The cost of living in Egypt and Palestine varies significantly, with Egypt being the more affordable option. Egypt has a large and diverse economy, with a strong focus on industry, agriculture, and tourism, which contributes to its relatively low cost of living. In contrast, Palestine has a smaller and more limited economy, which is heavily reliant on international aid and has a higher cost of living as a result. On average, Egypt is around 20-30% cheaper than Palestine, making it an attractive option for expats, students, and retirees looking for an affordable place to live.

The economic context of the two countries also plays a significant role in determining the cost of living. Egypt has a large population and a relatively stable economy, which has helped to keep prices low. In contrast, Palestine has a smaller population and a more fragile economy, which has led to higher prices for many goods and services. Additionally, the political situation in Palestine has also contributed to a higher cost of living, with many goods and services being subject to taxes and tariffs. Overall, Egypt is the clear winner when it comes to affordability, with a lower cost of living and a more stable economy.

Rent & Housing Comparison

ItemEgypt (USD)Palestine (USD)Difference
1BR Apartment (City Center)20035043% cheaper in Egypt
1BR Apartment (Outside)15025040% cheaper in Egypt
3BR Apartment (City Center)40060033% cheaper in Egypt

Food & Dining Comparison

ItemEgypt (USD)Palestine (USD)Difference
Meal at Restaurant51050% cheaper in Egypt
Groceries (monthly)10015033% cheaper in Egypt
Beer (500ml)2560% cheaper in Egypt
Coffee1250% cheaper in Egypt

Transport Comparison

ItemEgypt (USD)Palestine (USD)Difference
Monthly Transit Pass102050% cheaper in Egypt
Taxi (per km)0.501.0050% cheaper in Egypt
Fuel (per liter)0.501.2058% cheaper in Egypt

Utilities & Internet Comparison

ItemEgypt (USD)Palestine (USD)Difference
Utilities (85 sqm apt)5010050% cheaper in Egypt
Internet (60 Mbps)203033% cheaper in Egypt
Mobile Plan102050% cheaper in Egypt

Monthly Budget Comparison

Budget TierEgypt (USD)Palestine (USD)Savings
Budget50080037% savings in Egypt
Mid-Range8001,20033% savings in Egypt
Comfortable1,2001,80033% savings in Egypt

Where Each Country Wins

  • Egypt is cheaper for:
  • Rent and housing, with prices being significantly lower in Egypt
  • Food and dining, with meals and groceries being around 30-50% cheaper
  • Transportation, with taxis and fuel being around 50% cheaper
  • Utilities and internet, with prices being around 30-50% lower
  • Palestine is cheaper for:
  • Certain imported goods, which may be subject to lower tariffs and taxes
  • Some tourist attractions and activities, which may be more affordable in Palestine
  • Certain types of accommodation, such as homestays and guesthouses, which may be more affordable in Palestine
  • Some types of food, such as traditional Palestinian cuisine, which may be more affordable in Palestine

Bottom Line

Egypt is the clear winner when it comes to affordability, with a lower cost of living and a more stable economy. Expats, students, and retirees looking for an affordable place to live will find that Egypt offers better value for money, with lower prices for rent, food, transportation, and utilities. However, Palestine may be a better option for those looking for a unique cultural experience and a chance to learn about the local way of life. Additionally, certain types of accommodation and food may be more affordable in Palestine, making it a viable option for those on a tight budget. Overall, the choice between Egypt and Palestine will depend on individual priorities and lifestyle, but for those looking for an affordable and stable place to live, Egypt is the better choice.