Cost of Living - 2008 Version

One thing you´re going to need to know before coming to Prague is how much things are going to cost you. Can I live on this 60,000 CZK/month salary? How much for a beer?

Seasoned expats will already be familiar with the cost of living in Prague, but I hope the following chart might be useful for those relocating, visiting, or just thinking about coming to the Czech Republic. Though prices for many things are rising (public transport tickets nearly doubled last year), and the exchange rates are dropping, Prague still remains somewhat inexpensive compared to its Western neighbors – especially for life´s necessities. However, non-essential items, like electronics, are likely to be more expensive than they may be in other countries.

The following should give you some idea of the average prices for living in Prague:

All prices are, of course, variable; I tried to come up with a good median, but most prices will deviate 20% in both directions, depending on where you shop/eat/live, and the quality of the goods or services.  Prices for accommodation and utilities will especially fluctuate.  All prices include taxes – a 19% VAT (value added tax) in most cases.

Here are some of the standards I used in the food categories: for water, the Czech brand Mattoni, domestic beer is Gambrinus (don´t forget to return your bottles for the 3 CZK deposit), and imported beer is Heineken – most other brands should fall somewhat near these three.  130 CZK should get you a main course (fried cheese or goulash, maybe), a side of French fries, and a beer or two in most Czech pubs.  600 CZK should buy you a nice romantic dinner in most restaurants – depending, perhaps, on the alcohol intake.