Living in Prague: a dream that more and more people have turned into reality. The Czech capital is a city that offers a good quality of life and a unique mix of romantic charm and modernity. The services are efficient, there are plenty of things to do and thanks to cheap flights you can return home to visit friends and relatives frequently.
But how much does it cost to live in Prague? Is it true that you can live decently on salaries of a thousand euros? Making comparisons is difficult because salaries and prices in Prague are all in the local currency, which is the Czech koruna.
In general, it can be said that Prague is no longer the super-cheap city it used to be: if you visited it even just ten years ago, you will find a huge difference to the prices you remember. At the same time, however, the prices of houses, bills, basic necessities and entertainment are much lower than in metropolises such as Paris and London.
Our mini-guide to Prague prices will help you get an idea of how much you can spend on eating, travelling, entertainment and more. It is designed for those who are thinking about a possible move abroad, but is also very useful for outbound tourists who need to work out the cost of a holiday in Prague.
Food and drink in Prague are on average cheaper than in the rest of Western Europe, both when eating out and when shopping in the supermarket.
Much cheaper is beer, which is consumed in huge quantities in the Czech Republic: for the same money as an average (0.40 cl) you can buy about three 0.50 cl Czech draught beers. The first thing that amazes tourists when they arrive in Prague is that beer costs less than water!
Another thing that may surprise you is that pizza and espresso coffee are a bit expensive compared to other food and drink prices. The reason is that they are not a local tradition and are therefore sold as a delicacy.
Here is how much you can roughly spend to eat in Prague
Like all European capitals that attract large numbers of people wanting to move abroad, Prague suffers from a shortage of quality accommodation. Rental prices, once very low, rose rapidly as soon as the Czech capital became a popular destination for young professionals looking for work in international companies.
The good news is that despite the speculation, rental prices in Prague are still significantly lower than in other European capitals.
If your wish is not to go to Prague on holiday but to move there to live, the search for good accommodation can take a long time. For the first period you will need temporary accommodation, but it is not advisable to sleep in a hotel.
Consider other solutions, such as short term rental flats, or if you are on a tight budget, fall back on a hostel. Be careful to avoid party hostels for young people looking for wild fun: they are not suitable for people who have to get up early in the morning to go to work.
But how much do rentals in Prague cost? On average, a room in a shared flat in the centre of Prague costs around EUR 350.00 per month. Much cheaper are the rents in the peripheral areas: a three-room flat will cost you around 600.00 euro.
A mid-range hotel costs around 50.00-80.00 euro per night, but this price can vary considerably depending on the area and time of year.
Public transport in Prague is cheap and efficient, which is why expats who have moved to the Czech capital do not feel the need to have a car.
They are also convenient for tourists, thanks to the daily or 72-hour passes; however, if you are staying for a short period you could spend less by purchasing the Prague Card, a tourist card that allows unlimited use of public transport and entitles you to discounts on attractions, museums and services.
Here is how much you spend in Prague to travel by car or public transport:
Prague’s wild nightlife is affordable if you keep within the limits of a normal night of fun. Excesses, extravagance and luxury drive the prices up enormously.
Here is how much you spend for fun in Prague:
If you move to live in Prague your needs will be very different from those of a tourist. To the costs of a holiday you will have to replace the costs of everyday life.
To give you an idea of how much it may cost to live in Prague here are some indicative prices:
City Card allow you to save on public transport and / or on the entrances to the main tourist attractions.