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
|Basic (Electricity, Heating, Cooling, Water, Garbage)||4,692.79 Kč||3,200.00–7,437.50|
|Local Prepaid Mobile Tariff||3.12 Kč||2.00–4.00|
Clothing And Shoes
|Pair of Jeans||1,653.83 Kč||800.00–2,500.00|
|Summer Dress||858.88 Kč||500.00–1,500.00|
|Pair of Nike Running Shoes||1,835.29 Kč||1,200.00–2,600.00|
|Pair of Men’s Leather Shoes||2,233.33 Kč||1,500.00–3,000.00|
Rent Per Month
|Apartment (1 bedroom) in the middle of the city||18,209.94 Kč||15,000.00–23,000.00|
|Apartment (1 bedroom) on the outskirts||13,656.05 Kč||10,000.00–18,000.00|
|Apartment (3 bedrooms) in the middle of the city||32,128.05 Kč||25,000.00–45,000.00|
|Apartment (3 bedrooms) on the outskirts||23,098.36 Kč||18,000.00–31,000.00|
Buy Apartment Price
|Price / Square Meter in City||152,246.13 Kč||120,000.00–200,000.00|
|Price / Square Meter Outside||106,290.93 Kč||90,000.00–140,000.00|
Salaries And Financing
|Average Monthly Salary||36,329.69 Kč|
|Mortgage Interest Rate (%), Yearly, Fixed-Rate||2.55||2.00–4.00|
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.