Are you thinking of moving to Prague, but wondering about the average salary? Prague is one of the most popular destinations in Europe for digital nomads, expats, and students.
The city offers a high quality of life with affordable living costs and stunning architecture. However, it’s essential to know about the salaries in Prague before making a final decision.
What Is the Average Salary in Prague?
The average salary in Prague is around 42,000 CZK per month ($1,950 USD), which is slightly above the national average salary of 36,000 CZK per month ($1,673 USD). However, it’s important to note that this amount can vary based on factors such as age, experience, education level, and industry.
Salaries Based on Industry
The IT industry has been growing rapidly in Prague over the past few years. The demand for IT professionals has increased significantly due to the rise of digitalization. As a result, salaries in this industry are higher than others.
Here are some average salaries based on different industries:
- IT – 50,000-80,000 CZK per month ($2,325 – $3,720 USD)
- Finance – 45,000-75,000 CZK per month ($2,090 – $3,488 USD)
- Marketing – 35.000-60.000 CZK per month ($1.620 – $2.790 USD)
Factors Affecting Salaries
Experience plays a significant role in determining salaries in Prague. Entry-level positions usually pay less than senior-level positions.
Education level also affects salaries to some extent. People with higher degrees like Masters or PhDs tend to earn more than those who have only completed their Bachelor’s degree.
Age is another factor that affects salaries in Prague. Typically, younger workers earn less than older workers with more experience.
Cost of Living in Prague
Prague is an affordable city compared to other European cities. The cost of living in Prague is around 20% lower than the cost of living in Berlin, for example.
Some common expenses in Prague are:
- Rent: 15,000-25,000 CZK per month ($697 – $1,161 USD)
- Food: 5,000-8,000 CZK per month ($232 – $372 USD)
- Transportation: 550 CZK per month ($26 USD) for a monthly pass
Conclusion
The average salary in Prague is around 42,000 CZK per month ($1,950 USD), but it varies based on industry, experience level, education level and age. The cost of living is affordable compared to other European cities. Therefore, if you are thinking about moving to Prague and you have the right skills and experience, it can be a great place to live and work.