Cost of Living in Czech Republic

The cost of living in the Czech Republic and even Prague, its capital, is fairly low compared to other countries and major cities in Europe. Prague ranked 60th out of 227 cities in Mercer's 2022 Cost of Living Survey, ranking well below cities such as London, Dublin and Milan.

That said, as with anywhere in the world, there are a few things that don't come so cheaply – the cost of entertainment and healthcare among them.

Cost of accommodation in Czech Republic

Generally, the cost of accommodation and utilities in the Czech Republic is similar to the rest of Europe, although the cost of accommodation is rising. Accommodation in Prague, in particular, is more in demand and therefore more expensive than in smaller towns or cities.

Cost of transport in Czech Republic

Expats should not find transport in the Czech Republic to be a major expense, as both public transport and petrol are relatively cheap. Expats can purchase a small car at 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 isn't necessary.

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.

Cost of schooling in Czech Republic

Public education in the Czech Republic is cheap but, because of the language barrier, most expats send their children to private or international schools which, unfortunately, have notoriously high fees. Expat parents moving for work purposes are advised to try to negotiate with their employer for an allowance for this as part of their employment package.

Cost of food 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.

Cost of clothing in Czech Republic

Clothing is one of the few expensive items 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, on the other hand, are less expensive, especially the locally brewed beer for which the country is renowned.