Cost of Living in Prague【Monthly 2023】 – DATAROMA

The Average cost of living in Prague is $1500

cost of living prague

The total average cost of living in Prague is 38.8% lower than in a major city in the US and 36.2% lower than in Canada. If you’re a single person living in Prague, then a 1 bedroom apartment in inner city should cost you around 18,209.94 Kč while the basic utilities cost 4,692.79 Kč which is a lot if compared to the average net salary in Prague, which is 36,329.69 Kč. This means that more than half of your living wage would go into basic necessities.

Cost of living in Prague 2022

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage)4,692.79 Kč3,200.007,437.50
Local Prepaid Mobile Tariff3.12 Kč2.004.00
Internet475.11 Kč400.00600.00
Clothing And Shoes
Pair of Jeans1,653.83 Kč800.002,500.00
Summer Dress858.88 Kč500.001,500.00
Pair of Nike Running Shoes1,835.29 Kč1,200.002,600.00
Pair of Men’s Leather Shoes2,233.33 Kč1,500.003,000.00
Rent Per Month
Apartment (1 bedroom) in the middle of the city18,209.94 Kč15,000.0023,000.00
Apartment (1 bedroom) on the outskirts13,656.05 Kč10,000.0018,000.00
Apartment (3 bedrooms) in the middle of the city32,128.05 Kč25,000.0045,000.00
Apartment (3 bedrooms) on the outskirts23,098.36 Kč18,000.0031,000.00
Buy Apartment Price
Price / Square Meter in City152,246.13 Kč120,000.00200,000.00
Price / Square Meter Outside106,290.93 Kč90,000.00140,000.00
Salaries And Financing
Average Monthly Salary36,329.69 Kč
Mortgage Interest Rate (%), Yearly,  Fixed-Rate2.552.004.00

We use a basic comparative model to calculate the cost of living in Prague. The listed prices are an average estimate of what it will cost to live in Prague based on your daily and monthly spending.

If you break it down to day to day expenses, a meal at an inexpensive restaurant would cost you 159.00 Kč but if you want to buy your own groceries, which would include just the basics like milk, cheese, egg, chicken, rice, bread and vegetable, it would cost you around 616 Kč. Any luxury items would just add to the total bill. So if you are someone who’s good in the kitchen, you can definitely control your spending.

Further costs will incur once you also include your daily transport; a one way bus ticket costs around 30.00 Kč, while 1liter gas is 34.61 Kč.

Overview of living in Prague for students & families:

In general terms of the total cost of living, Prague is a decent city to reside in. If rent and utilities are compared to the average monthly salary, it is not a bad ratio. Even compared to other major first world cities, the price of monthly living in Prague is a bit lower.