Median income can be calculated by household income . The average living . Pair of Jeans in a Chain Store Like George, H&M, Zara, etc. Cost of living in Czech Republic is, on average, 38.01% lower than in United States. You can calculate cost of living in Czech Republic by changing quantity using input near each good or service. If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. in the Czech Republic is an initiative of the Czech National Agency for Cost of living in Argentina compared to Czech Republic. Indices Difference Consumer Prices in Czech Republic are 37.55% lower than in United States (without rent) Consumer Prices Including Rent in Czech Republic are 46.98% lower than in United States As a very international city, the command of the English language among Prague residents is higher than the average in the European Union. the Czech Republic ranked 64th vs 6th for the United States in the list of the most expensive countries in the world. Prague ranked of 90th out of 209 cities in Mercer's 2021 Cost of Living Survey, ranking well below cities such as London, Dublin and Milan. For more living costs insights, check the list of prices for Restaurants, Markets, Transportation, Utilities, and 40 more categories. Cost of living. CZK depending on the restaurant Have lunch at an inexpensive cafe 4,8 - 6 USD = 120 - 150 CZK Soup 1,4 - 2,4 USD = 35 - 60 CZK Family of four estimated monthly costs: 76,713 K. Cost of rentals in Czechia Living expenses in Czech Republic, compared to other EU countries, are fairly low. The average monthly cost of living is between 350 and 750 USD and includes food, accommodation, public transportation, and cultural events. The conversion rate to the CZK is 1 dollar to 25.54 CZK as of September 29, 2022. The majority of higher education institutions own its dormitories. For instance, a dozen eggs cost less than $2 and a liter of milk less than $1. The cost of accommodation slightly changes from one location to the other, houses closest to the city center cost a little bit more than the ones farther or around the suburbs. Prague is a great city for students. There are also intensive Czech courses for students considering to study in the local language. $675 Cost of Living $804 Average Salary $369 Average House Rent On Flatio, you will find apartments in Ostrava, Brno, Prague, and other cities, the former of which is in the lower price range. Privacy Policy, Copyright 2009-2022 Numbeo. In most cases, undergraduate and graduate courses are offered in English or Czech. The Czech Republic's living costs are seen as reasonable. Cost of living in Prague is 38% cheaper than in Munich. For the time being I will use both names in this publication. Cost of living in Prague is 37% cheaper than in Berlin. Cost of Living in Prague The average cost of living in Prague is $1245, which is in the top 36% of the most expensive cities in the world, ranked 3352nd out of 9294 in our global list and 2nd out of 58 in the Czech Republic. The average cost of living in the Czech Republic ( $1007) is 52% less expensive than in the United States ( $2112 ). Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Retire Abroad: check our retirement guides and maximize your retirement income and quality of life. The largest groups of foreign residents are Ukrainians, Slovaks, and Vietnamese. Are houses expensive in Prague? Prague is one of the main hubs for IT and call centers in Europe. The attractiveness of Prague is on the rise, benefiting from a favorable geographic location and business climate. Czech Republic has a population of 10,476,000 and a population density of 132.83 people per square kilometre. Rent in Czech Republic is, on average, 62.95% lower than in United States. For more information have a look at dedicated websites such as www.expats.cz. The cost of living calculated as a consumer basket for a moderate lifestyle in developed countries and thus might seem too high for some least developed countries where maintaining such a standard of living is expensive. Approximately 7% of the total population and 14% of those living in the capital are foreign-born. Resulting total will appear in a floating box in the bottom of your screen. Living costs in the Czech Republic are considered to be affordable. The current exchange rate is available at the Czech National Bank website. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. English is widely spoken in Prague. The cost of living in the Czech Republic and even Prague, its capital, is fairly low compared to other countries and major cities in Europe. If you are visiting the Czech Republic soon you may want to check some of our other Czech guides. The average cost of living in the Czech Republic ($1007) is 52% less expensive than in the United States ($2112). The ISIC (International Student Identity Card) card is the most advantageouscard for all students. The city has been known for many years as an inexpensive Central European city, but prices in the city are constantly rising. Prague is 50.99% less expensive than New York (without rent, see our cost of living index ). The Czech currency is the Czech crown (CZK). www.dzs.cz Here are some of the main higher education institutions in Prague: Prague has one of the most thriving job markets in Europe for expats. It is home into a rich record, cultural heritage, and beautiful landscapes. The total cost of living is around $974 in Hradec Kralove. We calculate prices for the Czech Republic and the United States as a population-weighted mean of 58 and 2202 cities, respectively. Summary about cost of living in Prague, Czech Republic: Family of four estimated monthly costs are 2,353.41$ (58,227.68K) without rent (using our estimator). Terms of Use and However, there are almost no possibilities of free tuition in the city. Lets check some data for the cost of living in Prague, Czechia below: The currency in the Czech Republicis the Czech Koruna. Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage, Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans, Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL, Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate, Private Preschool or Kindergarten, Monthly for 1 Child, International Primary School, Yearly for 1 Child. 3.600 euro is 93 600 K gross which makes it 66 549 K per month if you are an employee. Prague ranked 60th out of 227 cities in Mercer's 2022 Cost of Living Survey, ranking well below cities such as London, Dublin and Milan. If you are interested in living in one of them during your study stay, look for koleje or dormitories on the websites of your university. Groceries are inexpensive. Slovak Republic: 21,765 32 . the Czech Republic ranked 64th vs 76th for Slovakia in the list of the most expensive countries in the world. . The cost of living in the Czech Republic is $1007, which is 1.08 times more expensive than the world average. The average living costs of students range from 300 to 650 EUR per month, including meals, accommodation, public transport and entertainment. $1,503 Cost of Living $1,388 Average Salary $1,072 Average House Rent Top level domains in Czech Republic: .cz, Total cost of living in Czech Republic for two person with average consumption for one month will be 827.5 USD, no rent price included. Other costs will be around $466 including markets, transportation, restaurants, and sports and leisure for one-person. cost of living in Czech Republic for students. It is also one of the most visited cities in the old continent, and famous for its gothic architecture, scenic cafs and the iconic Charles Brigde. No additional service or support is provided. If you prefer to download the image, please credit us as a source. Of course, prices may vary according to your location, accommodation choices, lifestyle, and spending habits. . I am new to this forum and would like to work out the cost of living in the Czech Republic (I am moving from the uk), I would be grateful if someone can tell me the cost of: . Takeaways . Whilst it can vary depending on where in the country you choose to study, the Czech Republic as a whole will set you back much less to live, work, study and explore in comparison to most other countries across Europe. The official languages of Czech Republic are Czech, Slovak. Here are some websites for job hunting in Prague: Prague has a high quality of life, and is one of the most liveable cities in Central Europe. There, the average monthly rent for a three-room apartment with a kitchen is around 528. 1 bedroom apartment - 8,000 CZK (320) 1 room in an apartment - 5,000 - 6,000 CZK (200 - 240) 1 shared room - 3,000 CZK (120) 2 bedroom apartment - 12,000 CZK (480) The cost of health insurance can range from a few hundred to several thousand dollars each month. Family of four estimated monthly costs: $2,901 (71,286 K) Single person estimated monthly costs: $1,433 (35,215 K) Cost of living in Czech Republic is cheaper than in 46% of countries in Eastern Europe (6 out of 13) Cost of living in Czech Republic is cheaper than in 66% of countries in the World (53 out of 80) Change the currency: A single person estimated monthly costs are 630.60$ (15,718.87K) without rent. Czech Republic gross domestic product (GDP) is $194,800,000,000. Among its positive aspects, we can highlight its transport infrastructure, cultural activities and events, and a thriving expat community. 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