How Much Spending Money Will I Need for Prague?

By Alice Nichols

When planning a trip to Prague, it’s important to budget properly to ensure you have enough spending money for your stay. The cost of living in Prague is generally lower compared to other European cities, but it’s still essential to plan accordingly. In this article, we will break down the major expenses you need to consider and provide an estimate of how much spending money you will need for your trip.

Accommodation Expenses

First and foremost, you need to consider the cost of accommodation. Prague offers a range of options from budget hostels to luxury hotels.

On average, a mid-range hotel in the city center can cost anywhere between $70 and $150 per night. If you’re looking for budget-friendly options, hostels can be found for as low as $15 per night.

Food and Drink Expenses

The next major expense is food and drink. Prague has a vibrant culinary scene with various restaurants, cafes, and bars offering different price ranges.

For an average meal at a mid-range restaurant, expect to spend around $10-$20 per person. If you’re on a tight budget, street food stalls offer delicious local snacks for as low as $5.

  • Tips: It’s customary to leave a tip of around 10% in restaurants.
  • Currency: The official currency in Prague is the Czech koruna (CZK). Make sure to have some cash on hand as not all places accept credit cards.

Transportation Expenses

Getting around Prague is relatively inexpensive compared to other European cities. The city has an efficient public transportation system consisting of trams, buses, and the metro.

A single ticket costs around $1.50 and is valid for 90 minutes of travel. If you plan on using public transport frequently, consider purchasing a multi-day pass for better value.

Sightseeing and Entertainment Expenses

Prague offers a plethora of attractions and activities for visitors to enjoy. From exploring the historic Prague Castle to visiting the famous Charles Bridge, there’s no shortage of things to see and do.

Entrance fees to major attractions typically range from $5-$15, depending on the location. Keep in mind that some attractions offer discounted rates for students or seniors.

Additional Tips:

  • Free Walking Tours: Joining a free walking tour is a great way to explore the city’s main sights without spending much money. You can tip the guide based on your satisfaction.
  • Happy Hours: Many bars and restaurants in Prague offer happy hour discounts on drinks and food during specific times of the day.

Total Estimated Spending Money

Considering accommodation, food and drink, transportation, and sightseeing expenses, a rough estimate for daily spending money in Prague would be around $50-$100 per person. This estimate allows for comfortable meals, public transportation usage, entrance fees to major attractions, and some extra shopping or souvenirs.

In conclusion, Prague is an affordable destination with plenty to offer. By budgeting wisely and considering these estimated expenses, you can ensure that you have enough spending money to make the most of your trip without breaking the bank.