Cost of living in Prague
Prague, the capital city of the Czech Republic, is known for its rich history, stunning architecture, and vibrant culture. As a major European city, understanding the cost of living in Prague is crucial for both residents and newcomers.
This guide provides a detailed breakdown of the expenses you can expect in Prague, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.41 on average, with a range between $6.87 and $12.49.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $49.98, with prices ranging from $33.32 to $83.3.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.33, with a range between $7.5 and $10.41.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.04 to $2.92, imported beer $2.08 to $3.75, cappuccino $2.08 to $3.75, and Coke/Pepsi $1.04 to $2.5.
Grocery Prices
- Milk - Milk is priced between $0.75 and $1.29 per liter, averaging $1.02.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.91 and $2.71, with an average price of $1.39.
- Eggs (Dozen) - A dozen eggs range from $1.5 to $3.17, averaging $2.57.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.83 to $2.08 per kg, while oranges range from $1.25 to $2.5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.67 and $2.08 per kg, and lettuce costs $0.96 to $1.67 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.25 and $1.67, with a monthly pass priced between $12.67 and $22.91.
- Fuel (Gasoline) - Gasoline is priced between $1.46 and $1.67 per liter.
- Taxi Fares - Taxi fares start at $1.67, with a cost of $0.83 to $1.67 per km and $14.99 to $19.99 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $832.95 to $1249.43, averaging $1086.71.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $666.36 to $1041.19, averaging $818.76.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1457.67 to $2915.34, averaging $1958.5.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1041.19 to $1665.91, averaging $1364.22.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $6247.16 to $10411.93, averaging $7476.71.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $4164.77 to $6663.63, averaging $5247.36.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $199.13 and $418.37, averaging $287.05.
- Internet - Internet services range from $14.58 to $27.07, with an average cost of $19.82.
Cost of Living Rankings
Prague ranks 1st on the Cost of Living rankings in Czech Republic. The cost of living indices for Czech Republic are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Czech Republic, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Prague offers a relatively affordable cost of living compared to other major European cities, especially in terms of dining and public transportation.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Grocery prices are reasonable, making it easy to manage daily expenses.
Conclusion
In conclusion, Prague presents a balanced cost of living with affordable dining and transportation options. While housing in the city centre can be pricey, options outside the centre offer more budget-friendly alternatives.
Overall, Prague is an attractive city for both residents and expatriates, offering a rich cultural experience without the high costs associated with other European capitals.