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Cost of Living in Prague: A Guide

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cost of living in prague

Prague, the capital city of the Czech Republic, is renowned for its exceptional beauty and holds the distinction of being one of the most charming destinations to visit throughout the year. Whether you visit during any season, Prague will captivate you with its romantic ambience, a blend of business-like atmosphere, enchanting surroundings, rich historical heritage, magnificent monuments, and breathtaking panoramic views. The city is adorned with numerous parks and gardens, adding to its allure. Moreover, Prague is renowned for crafting some of the world’s finest beers. Read to know the total cost of living in Prague in this blog.

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Also Read: Cost of Living in Italy

Why Choose Prague to Study Abroad?

Immersing yourself in a new culture, language, and environment can be an incredibly transformative experience. If you’re seeking an opportunity to study in a place that hasn’t been overrun by millions of students every year, Prague could be the perfect destination. Here are a few reasons why:  

The Heart of Europe

Prague’s labyrinth of cobblestone streets and hidden courtyards entices visitors, encouraging the curious explorers to venture further. If you wish to travel to destinations farther afield, flights from Prague connect to cities all over Europe.

High-Quality Education and Numerous Unique Programs 

There are over 1,000 English-taught degree programs available in both public and private universities. From medicine to architecture, Prague offers a diverse range of courses across some of the continent’s best universities.

Tuition fees are reasonable, varying based on the chosen program. Private universities generally have higher costs compared to public ones. It’s also possible to study for free by opting for a course taught in Czech. 

Furthermore, after graduation, you can apply for a long-term residence visa, which provides nine months of access to the job market, serving as a work-seeking visa. This highlights how Prague offers more than just a high-quality professional degree.   

Affordable Cost of Living

Few European capital cities, including Prague, offer well-furnished, budget-friendly apartments tailored for students. Also, you can supplement your income by securing part-time jobs or summer internships during your studies.

Ample Study Spaces

Prague not only offers a variety of municipal libraries for studying but also boasts some of the country’s best cafes. These cafes cater specifically to students and hustlers who prefer a vibrant ambience while getting their work done. Sometimes, all you need for peak productivity is a cup of coffee and a conducive environment.  

Also Read: Cost of Living in France: Rent, Food, Expenses and More

Cost of Living in Prague

The cost of living in Prague for international students is around EUR 300-650 per month. However, by exploring the city further, you can find great deals on various items and services. Let’s delve into the cost of living in this beautiful city in detail: 

Transportation & Commutation  

Have a look at the table below to understand the average transport prices clearly: 

One-Way Ticket Price$1.07 
Price of Monthly Pass$24.53
Gasoline Price$1.48

Food and Restaurants

Prague boasts a multitude of restaurants, offering an abundance of culinary options. Exploring these eateries allows you to indulge in generously portioned meals and sample the wide variety of beers they are renowned for. If you fancy imported beer, a small bottle typically costs around $2.00. For a cup of regular cappuccino, the price is approximately $2.29, while a glass of Coke or Pepsi can be enjoyed for around $1.37.

Coming to the local market, visiting it is a cherished tradition for some individuals, while others find it enjoyable to go shopping there on weekends. At the market, you can find enticing deals, such as a pound of local cheese available for as little as $3.96. Additionally, meat is quite affordable, with boneless and skinless chicken breasts priced at around $2.85 per pound. For those who appreciate beef, the cost of a beef round is around $4.52.

Furthermore, vegetables and fruits in Prague are reasonably priced, often costing less than a dollar, making them an affordable and healthy option.

Look at the table given below to get an idea of the average prices of food and restaurant meals in Prague:

Cost of a meal in an inexpensive restaurant$6.22
Water (0.33 Liter)$1.03
Domestic Beer (0.5 Liter)$1.78
Eggs (12)$2.22
Milk (1 Liter)$3.18
Loaf Bread (500g)$0.94

Utility Bill/Expenses

Every individual in Prague from a private house owner to an apartment tenant needs to pay for the comforts of home. Hence, some basic amenities supplied to Prague citizens including electricity, cooling, water, garbage, and heating cost $178.67 for a 915 sq ft apartment. Phone talk for 10 minutes is  $1.5 here.

Have a look at the table provided below to know the average prices of utility in Prague: 

Basic (Electricity, Water, garbage, Heating, and Cooling)$178.67
Internet (Unlimited Data, Cable/ADSL)$22.62
1 minute of Prepaid Mobile Tariff Local$0.15

Accommodation/Housing

Monthly rental rates in Europe have consistently remained on the higher side, and the Czech Republic, including Prague, is no exception to this trend. In Prague, the cost of renting a one-bedroom apartment in the city centre is approximately $792.29 per month, while outside the downtown area, the price drops to around $583.12. 

For those seeking more spacious accommodations, a three-bedroom flat in the suburbs can be rented for approximately $930.14, whereas the same-sized unit in the city centre commands a higher price of around $1,374.72. These prices reflect the average rental rates in the area.

Look at the table given below to know the average monthly rent prices in Prague:

The monthly cost of an apartment (1 bedroom) in the City Center$792.29
The monthly price of the apartment (1 bedroom) Outside of the Center$583.12
The monthly cost of an apartment (3 bedrooms) in the City Center$1374.72 

Average Tuition Fees in Prague 

The average tuition fees in Prague, Czech Republic, vary based on the educational institution and the chosen program of study. Public universities generally have lower tuition fees compared to private institutions. However, it is essential to note that tuition fees might have changed since then, so it is crucial to directly confirm the current fees with the universities or educational institutions.

International students from outside the European Union (EU) or European Economic Area (EEA) typically face higher tuition fees compared to EU/EEA students. On average, the annual tuition fees for international students can range from approximately $2,243 to $16,827, depending on the university and program of study.

Also Read: Cost of Studying in Germany

Things to Know When Moving to Prague 

When relocating to Prague, it’s crucial to be aware of essential information to ensure a smooth transition. Here are some key considerations:  

Visa and Residency 

If you aren’t from the EU/EEA, thoroughly research visa and residency requirements. Contact the Czech embassy or consulate in your home country for the necessary details and to apply for the appropriate visa.  

Transportation

Prague boasts an efficient public transportation system comprising trams, buses, and the metro. Consider purchasing a travel pass or card for unlimited travel during specific time periods. Bicycles are popular, and the city has an expanding network of bike lanes.  

Housing

Begin your housing search well in advance, as finding accommodations in Prague can be competitive. Take into account factors like location, rental costs, amenities’ proximity, and transportation options. Popular areas for expats include Prague 1, Prague 2, and Prague 6.  

Cost of Living

Prague is generally more affordable than many other European cities, but the cost of living varies based on lifestyle. Consider expenses such as housing, groceries, transportation, healthcare, and entertainment while planning your budget. 

Language

Czech is the official language, but many people, especially in tourist areas and businesses, speak English. Learning basic Czech phrases can be helpful for day-to-day interactions and navigating everyday situations.  

Culture and Etiquette

Czech people value politeness and courtesy. It is customary to greet with a firm handshake and use formal titles when meeting someone for the first time. Punctuality is appreciated, and it’s common to remove shoes when entering someone’s home.  

Enjoying Prague

Prague is renowned for its rich history, stunning architecture, and vibrant cultural scene. Take time to explore the city’s attractions, visit museums, savour Czech cuisine, and immerse yourself in the local culture. 

Relevant Reads:

Italy Student Visa Fees 2024Know the Italy Student Visa Requirements in 2024
Study in Italy: Indians Allowed a 12-Month Temporary Residence After StudiesCost of Living in Romania
Part-Time Jobs in Italy: 5 Tips for a Successful Job HuntCost of Living in Paris: A Comprehensive Guide on Expenses

FAQs

Q1. How expensive is it to live in Prague? 

Ans. The cost of living in Prague is generally more affordable compared to many other European cities. However, it can vary depending on your lifestyle and personal choices.

Q2. How much does healthcare cost in Prague? 

Ans. The Czech Republic has a public healthcare system, and EU citizens with a European Health Insurance Card (EHIC) can access it. For non-EU citizens, it is advisable to have health insurance. Private healthcare options are also available, and the costs can vary based on the services required.

Q3. What is the average cost of dining out in Prague? 

Ans. Dining out in Prague can vary depending on the type of establishment. A meal at an inexpensive restaurant can cost around $6.22.  

Many Indian students dream of pursuing education in developed nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you are also planning to study abroad

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