Is Prague a Cheap Place to Live?

By Anna Duncan

Many people consider moving to Prague for various reasons, including the city’s rich history, beautiful architecture, vibrant culture, and affordable cost of living. But is Prague really a cheap place to live? Let’s take a closer look at the cost of living in Prague.

Accommodation

One of the biggest expenses in any city is accommodation. In Prague, the cost of rent varies depending on the location and size of the apartment.

In general, the closer you are to the city center, the more expensive it will be. However, even in the center of Prague, you can find affordable apartments if you’re willing to compromise on size and luxury.

  • Average cost of a one-bedroom apartment in the city center: 15,000 CZK (~$700 USD)
  • Average cost of a one-bedroom apartment outside of the city center: 11,000 CZK (~$500 USD)

Food

Prague is known for its delicious cuisine and beer culture. You can easily find affordable restaurants and cafes throughout the city that serve traditional Czech food as well as cuisine from all over the world.

  • Average cost of a meal at an inexpensive restaurant: 120 CZK (~$5 USD)
  • Average cost of a meal at a mid-range restaurant: 400 CZK (~$18 USD)

Transportation

Prague has an excellent public transportation system that includes buses, trams, and metros. The cost of transportation is relatively cheap compared to other European cities.

  • Single ticket: 24 CZK (~$1 USD)
  • Monthly pass: 670 CZK (~$30 USD)

Utilities

The cost of utilities in Prague is relatively cheap compared to other European cities. However, you should keep in mind that the cost may vary depending on the size of your apartment and your energy consumption.

  • Electricity, heating, water for an 85m2 apartment: 3,500 CZK (~$160 USD)

Conclusion

Overall, Prague is a relatively cheap place to live compared to other European cities. The cost of living is affordable, especially when it comes to accommodation and food. However, keep in mind that the cost may vary depending on your lifestyle and preferences.

If you’re considering moving to Prague, it’s important to do your research and budget accordingly. With its affordable cost of living and rich culture, Prague can be an excellent choice for those looking for a vibrant city experience without breaking the bank.