The best salaries in the Czech Republic (and probably in most other countries too) can be generally found in IT and telecommunications sector, falling within the range of 1,300 – 3,200 EUR per month depending on a position and the experience level of the employee.
As you can see, the cost of living in Prague is a pretty affordable and very attractive place to live in. For those who aren’t good at math, a 1000 USD should be more than enough to comfortably spend a month in this city. If you haven’t been here, make sure to do so as soon as possible!
Cost of Living in Prague
|Rent Per Month||Edit|
|Apartment (1 bedroom) in City Centre||19,017.95Kč|
|Apartment (1 bedroom) Outside of Centre||14,600.83Kč|
|Apartment (3 bedrooms) in City Centre||33,094.29Kč|
EMERGENCY ANSWER: If you are reading this on your mobile device because you are buying something in Prague and need to figure out whether you are being ripped off – use this as an comparison: a Big Mac , medium fries and coke costs around 150 CZK.
Unemployment numbers are currently very low, but it is questionable, if even Czechs can find a job easily . So if you have a degree, some experience and you work in the field like IT, it will be easy to find a job . If you have just a high school and you are not an expert in the specific field, it might be a struggle.
The capital city of Prague is the most expensive city in the country, and it is still cheaper than many European cities. Expats ranked Czechia seventh for cost of living out of 68 countries in InterNations’ most recent Cost of Living Index. Costs for alcohol, tobacco, and groceries are very low.
Cost of Living in Prague, Czech Republic
|1 bedroom flat (40 m2) rent per month||650.00 USD|
|1 bedroom flat (40 m2) utilities per month||140.00 USD|
|2 bedroom flat (80 m2) rent per month||1,071.00 USD|
|2 bedroom flat (80 m2) utilities per month||215.00 USD|
Since Prague is the capital of Czech Republic and also the hub of many multinational companies, its average salaries are the highest in the country. Currently, the average salary in Prague is of around 30,000 CZK per month. Those are net figures and equivalent to slightly less than 1305 US dollars per month.
The average price of a home in Prague is about 65,000 to 75,000 koruna per square meter, or about $266 to $307 per square foot, Mr. Blahuta said.
Prague , Czech Republic – The Czech Labour and Social Affairs Minister Jana Malacova announced earlier this week that the government will increase the monthly minimum wage by 1.150 crowns as of January 2019, bringing it from the current 12.200 crowns to 13.350 crowns per month (around 530 euros).
The charming capital ranks 8th among the top 72 cities to live in for expats, according to ‘Expat City Ranking 2018′. On a European level, Prague ranks second. InterNations’ survey on Expat Insider has placed the Czech Republic as the third-best country for expats to work.
Based on the spending habits of previous travelers, when dining out an average meal in Prague should cost around Kč196 per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Prague is often higher than fast food prices or street food prices.
Rent in Czech Republic is, on average, 52.19% lower than in United States. Cost of Living in Czech Republic .
|Domestic Beer (1 pint draught)||35.00Kč|
|Imported Beer (12 oz small bottle)||40.00Kč|
|Coke /Pepsi (12 oz small bottle)||31.35Kč|
How much money will you need for your trip to the Czech Republic ? You should plan to spend around Kč1,945 ($91) per day on your vacation in the Czech Republic , which is the average daily price based on the expenses of other visitors.
Though the cheapest overall, Prague was, however, deemed the most expensive city in Europe to buy a bottle of Champagne, with the average bottle reportedly costing £55.