Xpatulator.com’s most recent rankings of the most expensive countries in the world for expatriates rank the Czech Republic 137th out of 217 countries. are low when compared to those of other countries. Costs for alcohol, tobacco, and groceries are very low.
Here are a few local Prague purchases to give you an idea of local item prices in Prague:
|THE PRICE OF:||PRICE CZK||$CDN|
|Classic Czech meal at restaurant- meat, sauce, dumplings||140||8.2|
|Large sausage, bun and mustard at Wenceslas Square||40||2.4|
|500 ml of beer draft (pint)||35||2.1|
|750ml bottle of wine good enough to bring to party||160||9.4|
A pack of Marlboro cigarettes costs 84 CZK, a 0.5 L bottle of water 15 CZK, a loaf of bread 22 CZK, a litre of petrol costs around 32 CZK, and a cup of coffee in a city cafeteria is 45 CZK.
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 .
The rate of violent crime is low and most areas of Prague are safe to walk around even after dark. Be careful on Wenceslas Square. It is usually packed with tourists and the crowds make things easy for pickpockets. There have also been cases of trusting “love-seekers” being robbed of all their money at night .
Top 10 Things to Avoid in Prague Sightseeing. Wasting Time Waiting for the Cuckoo. Charles Bridge in the Middle of the Day. Getting around. Getting Pickpocketed on the 22 Tram. Getting Ripped off by Taxis. Shopping and money. Tacky Souvenir Shops. Rip-off Exchange Offices. U Fleku’s Pushy Waiters. Wenceslas Square Sausages. Restaurants on Old Town Square.
Prague can be a very cheap city to visit but it can also be very expensive . It depends where you pull out your wallet. Because there are so many tourists and almost all of them visit the same few sites, it is just good business sense for a shop or restaurant owner to raise their prices and collect as much as they can.
A new study by KPMG, based on data from 2014, reveals cigarettes in the Czech Republic are among the cheapest in Europe. While Czechs, on average, pay 75 crowns for a pack, in Norway, smokers more than three times as much.
For most of the tourists (I mean especially western Europeans, US) Prague should be cheaper (probably much cheaper ) than at home. But be careful, there are many places where they want your money and don’t shy to ask for two or three times higher prices than is common.
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.
Credit cards are accepted in most places in Prague , for example in hotels, restaurants and international shops. However, some local shops, cafés and bars do not take credit cards. Cash is still king in the Czech Republic (Czechia), so if you able to do so, pay in cash .
Cost of Living in Czech Republic
|Meal, Inexpensive Restaurant||140.00Kč|
|Meal for 2 People, Mid-range Restaurant, Three-course||650.00Kč|
|McMeal at McDonalds (or Equivalent Combo Meal)||140.00Kč|
|Domestic Beer (1 pint draught)||35.00Kč|
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.
Tipping in restaurants is the norm. There are still a few Czechs stuck to old ways refusing to tip (usually the older generation). At most they will round to the nearest 10 CZK – a bill for 292 CZK will earn the waiter 300 CZK (a 25 cent tip for $15 meal ). But you , a tourist, should tip around 10% – 15%.
Representatives of small and medium-size breweries claim that low beer prices have nothing to do with national sentiment. It’s purely a marketing strategy, they say, to push the small breweries out of business, because smaller breweries have higher production costs.