Cost of Living in Czech Republic

The cost of living in the Czech Republic is fairly low compared to other countries in Europe. The Czech capital, Prague, is inexpensive when compared to major European capitals. Prague ranked of 97th out of 209 cities in Mercer's 2019 Cost of Living Survey, ranking well below cities such as London, Dublin and Milan.

However, as with anywhere in the world, there are bound to be things that aren't 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

Generally, 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 been 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 that 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, as 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. Expats with children are advised to try to negotiate with their employer for an allowance for this as part of their employment 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. 

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 March 2020.