Cost of Living in Czech Republic

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cost of living in prague, czech republicThe cost of living in the Czech Republic is low compared to other countries in Europe. The Czech capital, Prague, is also inexpensive when compared to most other European cities. It achieved a ranking of 124th out of 208 cities in Mercer's 2016 Cost of Living Survey, with a cost of living comparable to cities like Wellington in New Zealand and Glasgow in the UK.
 
However, as with anywhere in the world, there are bound to be things that are not so inexpensive – in the Czech Republic, the cost of entertainment and healthcare is similar to its European neighbours rather than cheaper. 
 

Cost of accommodation in Czech Republic


The cost of accommodation and utilities in the Czech Republic are average compared to the rest of Europe.

For the past few years, the Czech housing market has oversupplied due to the many luxury properties built before the global financial crisis to accommodate the many expats in the Czech Republic. In the past this meant quality housing was available at a reasonable price, but recently the market has begun to recover and the cost of accommodation is rising. Accommodation in Prague in particular is more in demand and therefore more expensive. 
 

Cost of transportation in Czech Republic


Expats should not find transport in the Czech Republic to be very expensive. Both public transport and petrol are relatively inexpensive. Expats can purchase a small car for a reasonable price, although thanks to a well-developed, reliable and inexpensive public transport system, many expats (especially those living in Prague) may find this is not a necessity.
 
There are a variety of different passes available for the public transport system in the Czech Republic and expats can get excellent value for money if they buy a monthly pass and use public transport regularly, while taxis are a slightly more expensive option. 
 

Cost of schooling in Czech Republic


Public education in the Czech Republic is inexpensive but, because of the language barrier, most expats send their children to private or international schools. Unfortunately, these schools have notoriously high fees, especially international schools. Expats are advised to try to negotiate with their employer for an allowance for this as part of their relocation package.
 

Cost of food and clothing in Czech Republic


Groceries are not expensive in the Czech Republic and expats from Western Europe and the United States will find themselves spending much less money on food than they are used to. Some common grocery stores in the Czech Republic include Tesco, Billa and Albert. 
 
Perishable products in the Czech Republic tend to expire quickly so expats should keep an eye on expiry dates on their food items, as they might not stay fresh for as long as they expect.
 
Clothing is one of the few things that is expensive in the Czech Republic, particularly brand-name items. Expats should take advantage of the many vintage clothing stores in Prague where they might be able to find good quality clothing at a more affordable price. 
 

Cost of eating out and entertainment in Czech Republic


Eating out at restaurants in the Czech Republic costs around the same as it would in the rest of Europe. Alcohol and tobacco, however, are less expensive, especially the locally brewed beer for which the country is renowned. 
 

Cost of living in the Czech Republic chart

Prices may vary depending on product and service provider. The list below shows average prices for Prague in September 2016.

Accommodation (monthly rent in good area)

 
Three-bedroom apartment outside city 16,000 CZK
Three-bedroom apartment in city
25,000 CZK
One-bedroom apartment outside city 10,000 CZK
One-bedroom apartment in city 14,000 CZK

Shopping

 
Milk (1 litre)
20 CZK
Dozen eggs 42 CZK
Chicken breasts (1kg) 145 CZK
Rice (1kg) 31 CZK
White bread (loaf) 20 CZK
Pack of cigarettes 95 CZK

Utilities

 
One minute call (cell phone) 3 CZK
Internet per month (ADSL) 420 CZK
Basic utilities per month 3,000 CZK

Eating out

 
Dinner for two in mid-range restaurant 600 CZK
Fast-food meal (Combo meal at McDonalds) 125 CZK
Beer (local, 500ml) 35 CZK
Cappuccino 45 CZK
Coca Cola (330ml) 30 CZK

Transport

 
Taxi (1km) 25 CZK
City centre bus fare 24 CZK
Petrol per litre 30 CZK

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