Why does Jerusalem rank as Israel’s poorest city?

A Central Bureau of Statics report has once again ranked Jerusalem the country’s poorest large city. But the municipal officials are optimistic that several initiatives, including the hi-speed rail to Tel Aviv due in 2018 and a sprawling business district being built at the western entrance to the capital, will revitalize its long-foundering economy.

The report, published late last week, ranks the socioeconomic conditions of 255 communities in the country on a scale of one to 10, with 10 being best. Of the 255 municipalities polled, 201 were municipalities and 54 were regional councils.

Source: http://www.jpost.com/Israel-News/Why-does-Jerusalem-rank-as-Israels-poorest-city-473208

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