How Much Does It Cost to Live In Prague?
Prague is the most beautiful city in the Czech Republic and one of the most charming places to visit at any season of the year.
You will find it romantic, business-like, enchanting, rich in history, monuments and panorama views.
This is the city of parks and gardens.
That’s where the best beer in the world is crafted.
The prices in Prague are a little higher since it’s been a capital city.
For instance, the monthly costs for a family of four are $2,091.04 and the rent is not included here.
Let’s see the other prices in Prague to get the best deals.Cost of Living Index:
Czech Republic : Cost of Living by CityCost of Living in Czech Republic
Restaurants in Prague are so numerous!
Just go and try the large portions of meals they cook for you and try all the sorts of beer they are famous for.
Imported beer costs $2.00 for a small bottle, a cup of a regular cappuccino is $2.29, and a glass of Coke or Pepsi is worth $1.37.
Going to the market is a tradition for some people while others find it fun to go shopping there on weekends.
You can buy a pound of local cheese for as much as $3.96.
Meat is even cheaper, for instance, boneless and skinless chicken breasts cost $2.85 per pound.
Not surprisingly, the beef round is $4.52.
Vegetables and fruits are cheaper than a dollar.
The prices for Volkswagen Golf and Toyota Corolla in Prague range from $19,530.11 to $19,699.35 (average prices).
If you like public transport, buy a one-way ticket for $1.07 or a monthly pass for $24.43.
Here’s the information for taxi passengers: start – $1.78, 1 mile – $1.86, waiting for an hour – $15.99.
Everyone in Prague from a private house owner to the apartment tenant has to pay for the comforts of home.
Thus, some basic amenities supplied to Prague citizens including electricity, water, garbage, cooling, and heating cost $178.67 for 915 sq ft apartment.
Phone talks for 10 minutes will be $1.5.
SPORTS & LEISURE
Cinema is probably one of the cheapest relaxations in the capital of the Czech Republic.
The price for one ticket for the international release movie costs only 8 dollars.
Active locals and guests of the city usually buy a monthly subscription at $37.05.
Tennis courts are also available.
The average price for an hour of tennis playing on days off goes for $12.52.
CLOTHING & SHOES
Prague is usually seen as a cultural and architectural gem in the crown of the Czech Republic.
Yet, shopping makes a good deal of income for the state budget.
People from all over the world do not miss the chance to get a cheap number in one of the numerous boutiques and shops that are opened here.
The prices are right below.
RENT PER MONTH
Monthly rent has never been the cheapest thing in Europe.
The Czech Republic is not an exception, moreover when referring to Prague.
A one-bedroom apartment in the city center costs $792.29 per month, outside the downtown – $583.12.
A three-bedroom flat in the suburbs costs $930.14 and the same space in the center is $1,374.72.
The prices are average.
Cost of Living Averages Table for Prague*Note: All prices are indicated in USD.
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$6.22|
|Domestic Beer (0.5 Liter)||$1.78|
|Water (0.33 Liter)||$1.03||Average Market Prices|
|Milk (1 Liter)||$3.18|
|Loaf Bread (500g)||$0.94|
|Eggs (12)||$2.22||Average Transport Prices|
|One Way Ticket||$1.07|
|Gasoline||$1.48||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$178.67|
|1 min. of Prepaid Mobile Tariff Local||$0.15|
|Internet (Unlimited Data, Cable/ADSL)||$22.62||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$37.05|
|Tennis Court Rent (1 Hour)||$12.52|
|Cinema, 1 Seat, International Release||$8.00||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$69.40|
|1 Summer Dress in a Chain Store (Zara, etc...)||$35.72|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$83.69||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$792.29|
|Apartment (1 bedroom) Outside of Center||$583.12|
|Apartment (3 bedrooms) in City Center||$1374.72|
How Does the Average Person Spend Their Money in Prague?
Apparently, Prague has some really impressive average prices for the apartment rental as compared to the other big cities in the Czech Republic.
The capital city is expensive.
Most of the income of an average person in Prague is spent on monthly rental.
27.8% go to markets, 11.1% and 11% go to the restaurants and transportation respectively.
Clothing and shoes either do not interest or are not the priority item of expenditure to the average Prague citizen (only 3.6%).
People are ready to spend more on sports and leisure.
Average Costs Breakdown
Prague: Average Salary, Minimum Wage & Mortgages
The mortgage interest rate in Prague is a little bit higher than in the rest of the towns.
If you take a loan, be ready to pay out 2.75% annually for 20 years at the fixed rate.
Mind that the average monthly net salary that you might keep for yourself after taxes makes $1,248.16.
At the same time, the minimum wage countrywide makes only $573.0 which is a small sum of money if you have to rent a flat or buy a car.
This is actually almost a price per square feet if you are thinking to buy an apartment in the city center.
What About Travel Safety in Prague?
Prague Safety Overview
READ THE FULL REPORT: Prague Safety ReviewSafety Index:
- OVERALL RISK : LOW
- TRANSPORT & TAXIS RISK : MEDIUM
- PICKPOCKETS RISK : MEDIUM
- NATURAL DISASTERS RISK : LOW
- MUGGING RISK : LOW
- TERRORISM RISK : LOW
- SCAMS RISK : MEDIUM
- WOMEN TRAVELERS RISK : LOW
Cost of Living by City in Prague
|City||Cost of Living Index|