How Much Money Do You Need to Live in Prague?

By Alice Nichols

If you’re considering moving to Prague, one of the most important things you need to consider is how much money you’ll need to live there comfortably. Prague is a beautiful city with plenty of job opportunities, but it’s also known for being quite expensive. In this article, we’ll take a closer look at the cost of living in Prague and what you can expect to spend on various expenses.

Accommodation

One of the biggest expenses when living in Prague is accommodation. The cost of rent in Prague varies depending on the location and size of the apartment or house you’re looking for.

If you’re looking to rent a one-bedroom apartment in the city center, expect to pay around 15,000 CZK (approximately $700) per month. If you’re willing to live further out from the city center, you can find cheaper options for around 10,000 CZK (approximately $460) per month.

Food and Drink

Prague has a wide range of restaurants and cafes offering delicious food and drinks. However, dining out regularly can quickly add up.

On average, expect to pay around 150 CZK (approximately $7) for a meal at an inexpensive restaurant or fast-food chain. A three-course meal at a mid-range restaurant will cost around 500 CZK (approximately $23). If you prefer cooking at home, groceries are relatively affordable with basic items like bread and milk costing around 20 CZK (approximately $1).

Transportation

Prague has an extensive public transportation system that includes buses, trams, and metros. A single ticket costs around 24 CZK (approximately $1), while a monthly pass costs around 670 CZK (approximately $30). If you prefer cycling or walking rather than using public transportation, it’s worth noting that Prague is a very walkable and bike-friendly city.

Entertainment

Prague is a city with a rich cultural scene, offering plenty of entertainment options. You can enjoy the many museums and galleries in the city for as little as 100 CZK (approximately $5). If you’re looking for nightlife, expect to pay around 150 CZK (approximately $7) for a beer at a local pub or around 300 CZK (approximately $14) for a cocktail at a trendy bar.

Conclusion

In conclusion, living in Prague can be expensive, but it’s definitely possible to live there comfortably on a budget. A good rule of thumb is to budget around 30,000 CZK (approximately $1,400) per month for basic expenses like rent, food, transportation, and entertainment. Keep in mind that this is just an estimate and your actual expenses will depend on your lifestyle and personal preferences.