Cost Of Living in Prague 2025

Average monthly spending for singles, couples, students, and families in Prague

Whether you're living in Prague or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Singles

The average monthly expense for a single person living in Prague is 48,000 CZK. Expenses can range from 6,700 CZK at the minimum level to 320,000 CZK at the highest end.

Couples

The average monthly spending of couples in Prague is 79,000 CZK. Expenditure can range from 26,000 CZK to 420,000 CZK per month.

Families

The average cost of living for families in Prague is 110,000 CZK per month. Families spend anywhere from 37,000 CZK to 690,000 CZK.

Students

The average monthly expenditure for students in Prague is 34,000 CZK. Students spend from 5,300 CZK to 230,000 CZK per month.

Expenditure to Income Ratio in Prague

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Prague is 91% This means that on average, people spend around 91% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.

Individual
82%
Spending-Income-Ratio

---

74%

91%

Couple
87%
Spending-Income-Ratio

---

78%

96%

Family
96%
Spending-Income-Ratio

---

87%

110%

How do people spend their money in Prague?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

People living in Prague typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 21,000 CZK with expenditure ranging from 1,600 CZK to 210,000 CZK. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utility expenditure like electricity, water, and gas in Prague ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 3,400 CZK with 260 CZK and 34,000 CZK being the upper and lower limits.

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 530 CZK to 69,000 CZK on commuting with 6,900 CZK being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

The average outlay on groceries in a month in Prague is 17,000 CZK. The cost of groceries can range between 1,300 CZK to 170,000 CZK. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

People in Prague allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 370 CZK to 48,000 CZK with 4,800 CZK being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 210 CZK to 27,000 CZK with 2,700 CZK being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 4,100 CZK per month with 320 CZK being the minimum spent amount and 41,000 CZK being the maximum.

How much money can you save in Prague every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Prague manage to save money from their income every month?

Almost 71% of the surveyed people in Prague said that they can save some money at the end of each month while 30% said that aren't saving anything.

Percentage of people saving money by population group in Prague

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 9.8% to 32% of their monthly income is what they can allocate to their savings, with 17% being the average. The amount of money that people can save is approximately 27,000 CZK on average with savings ranging from 2,000 CZK to 270,000 CZK.

76% of surveyed singles reported some of their income going to savings while 70% of couples said the same. 65% of families confirmed their ability to save money.

How much money do people actually save in Prague?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 13% to 34% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 18,000 CZK with 2,000 CZK and 120,000 CZK being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 11% to 33% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 31,000 CZK with 10,000 CZK and 160,000 CZK being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families in Prague can save anywhere between 9.8% to 29% of their monthly income, with 16% being the average for most families. The average amount of money that families can put aside is 41,000 CZK with 14,000 CZK and 270,000 CZK being the minimum and maximum respectively.

Saving Challenges in Prague

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Prague. Listed below are the answers given by the survey participants.

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Prague

Where do people choose to put their savings?

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

• 50% for needs and financial obligations

  This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

• 30% for wants and discretionary spending

  This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

• 20% for savings and emergency fund

  This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

Affordable living in Prague

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Prague?

Around 78% of surveyed residents think that living in Prague is affordable with proper budgeting while 22% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Prague

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options65%

Few low-cost options35%

Based on the survey, 65% of the people living in Prague have no problem finding low-cost alternatives to support a frugal lifestyle while 35% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Prague whether they have an emergency fund and the answers were as follows.

Yes75%

No25%

Based on the survey, 25% of the people living in Prague said that they don't have an emergency fund while 75% said that they do.

Financial Literacy in Czech Republic

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy67%

We asked residents of Czech Republic whether they acquired any adequate personal financial training in their lives. Approximately 33% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 67% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Czech Republic have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 31% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 69% said that they have everything under control.

Struggles with finance31%

Easily manages finances69%

Financial goals of people in Prague

In an attempt to understand the economic situation in Prague, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Prague

What does the retirement lifestyle look like in Prague and how much retirement savings are required?

Retirement age

The retirement age for most employees in Czech Republic is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.

Retirement Income Distribution

We asked residents of Prague about their retirement income sources and below are the results.

Retirement Monthly Expenses in Prague

Debt, loans, and mortgages in Prague

Percentage of people who are in debt

According to the survey, 29% of the people in Prague have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Prague

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 32% of the people's monthly income in Prague goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Prague pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Prague

11% of debtors in Prague confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Prague.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Prague

Besides measuring the loan-to-income ratio, we asked residents of Prague how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Housing costs, accommodation, and housing affordability in Prague

Rent Cost in Prague

Monthly Rent Prices

Studio apartment monthly rent cost

6,100 CZK

9,200 CZK

24,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$260

$390

$1,000

1-bedroom apartment monthly rent cost

9,200 CZK

15,000 CZK

37,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$390

$630

$1,600

2-bedroom apartment monthly rent cost

12,000 CZK

18,000 CZK

49,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$520

$780

$2,100

3-bedroom apartment monthly rent cost

15,000 CZK

24,000 CZK

67,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$630

$1,000

$2,800

Furnished apartment monthly rent cost

29,000 CZK

73,000 CZK

150,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$1,300

$3,100

$6,300

Townhouse monthly rent cost

24,000 CZK

37,000 CZK

100,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$1,000

$1,600

$4,500

House monthly rent cost

29,000 CZK

73,000 CZK

150,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$1,300

$3,100

$6,300

Villa monthly rent cost

37,000 CZK

92,000 CZK

150,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$1,600

$3,900

$6,300

The monthly rental cost of a studio apartment in Prague ranges between 6,100 CZK and 24,000 CZK, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,200 CZK to 37,000 CZK. Two-bedroom rentals rate ranges between 12,000 CZK and 49,000 CZK per month. The monthly rental for a three-bedroom apartment ranges from 15,000 CZK to 67,000 CZK. The average rent of a townhouse in Prague is around 37,000 CZK while house rental costs can be as high as 73,000 CZK per month. Finally, if you want to rent a villa, expect to pay anywhere from 37,000 CZK to 150,000 CZK per month.

Apartment and house prices in Prague

Cost of buying a property

Studio apartment price

1.2M CZK

1.8M CZK

3.7M CZK

MINIMUM

AVERAGE

MAXIMUM

$52,000

$78,000

$160,000

1-bedroom apartment price

1.5M CZK

2.4M CZK

9.2M CZK

MINIMUM

AVERAGE

MAXIMUM

$63,000

$100,000

$390,000

2-bedroom apartment price

2.4M CZK

7.3M CZK

15M CZK

MINIMUM

AVERAGE

MAXIMUM

$100,000

$310,000

$630,000

3-bedroom apartment price

8.1M CZK

12M CZK

37M CZK

MINIMUM

AVERAGE

MAXIMUM

$350,000

$520,000

$1.6M

Townhouse price

10M CZK

24M CZK

92M CZK

MINIMUM

AVERAGE

MAXIMUM

$450,000

$1M

$3.9M

House price

12M CZK

73M CZK

100M CZK

MINIMUM

AVERAGE

MAXIMUM

$520,000

$3.1M

$4.5M

Villa price

15M CZK

81M CZK

120M CZK

MINIMUM

AVERAGE

MAXIMUM

$630,000

$3.5M

$5.2M

The average price of a studio apartment in Prague can range from 1.2M CZK to 3.7M CZK depending on location. One bedroom cost can be anywhere from 1.5M CZK to 9.2M CZK. A villa can cost you 81M CZK on average with prices ranging from 15M CZK to 120M CZK.

House / apartment prices to income ratio

Property prices in Prague can be x120 to x225 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x120 multiples of the average monthly salary in Prague.

Rent to income ratio

The average rent-to-income ratio in Prague is around 34%. This means that people pay 34% of their income for rent. Those figures can range from 23% to 45% depending on the salary, location, and type of property.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Prague

Energy, electricity, water, gas, internet, and mobile cost in Prague

Utility Bill Cost / Electricity + Water + Gas / Individual

400 CZK

2,900 CZK

19,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$17

$120

$810

Utility Bill Cost / Electricity + Water + Gas / Couple

1,100 CZK

3,600 CZK

23,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$45

$150

$990

Utility Bill Cost / Electricity + Water + Gas / Family

1,800 CZK

5,300 CZK

34,000 CZK

MINIMUM

AVERAGE

MAXIMUM

$79

$230

$1,500

Internet and cable cost

330 CZK

660 CZK

890 CZK

MINIMUM

AVERAGE

MAXIMUM

$14

$28

$38

Mobile phone bill and charges

270 CZK

440 CZK

1,300 CZK

MINIMUM

AVERAGE

MAXIMUM

$11

$19

$57

The average monthly expenditure for individuals on electricty, water, and gas in Prague ranges between 400 CZK and 19,000 CZK with average being 2,900 CZK, meanwhile the expenditure of couples is slightly higher at 3,600 CZK with 1,100 CZK and 23,000 CZK being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 5,300 CZK. The cost of internet and WiFi is unchanged among the three groups and ranges from 330 CZK to 890 CZK with 660 CZK being the average internet bill. Finally, the average monthly mobile charges is around 440 CZK but can range between 270 CZK and 1,300 CZK depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Prague is around 6.5%. This means that people pay 6.5% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.3% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Prague

Prices and cost of goods and services in Prague

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

66 CZK

130 CZK

220 CZK

MINIMUM

AVERAGE

MAXIMUM

$2.8

$5.7

$9.5

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Prague is approximatly 130 CZK with meal cost ranging from 66 CZK to 220 CZK. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

230 CZK

350 CZK

700 CZK

MINIMUM

AVERAGE

MAXIMUM

$10

$15

$30

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 230 CZK and 700 CZK with 350 CZK being the average price of a plate for one person at a regular restaurant in Prague.

Fine dining meal for one price

470 CZK

700 CZK

2,800 CZK

MINIMUM

AVERAGE

MAXIMUM

$20

$30

$120

The price range of a meal at fine-dining restaurant is 470 CZK to 2,800 CZK with the average cost being 700 CZK for one person. This is what you would expect to pay a top-tier diner in Prague.

Beverage prices, cappuccino, latte etc..

55 CZK

89 CZK

130 CZK

MINIMUM

AVERAGE

MAXIMUM

$2.4

$3.8

$5.7

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Prague is around 89 CZK. Price ranges between 55 CZK and 130 CZK depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

44 CZK

53 CZK

66 CZK

MINIMUM

AVERAGE

MAXIMUM

$1.9

$2.3

$2.8

The average price of a large bottle of milk in Prague is 53 CZK. The maximum what you would pay for milk is 66 CZK and the minimum being 44 CZK depending on the brand of milk and other properties.

12 eggs price

33 CZK

44 CZK

66 CZK

MINIMUM

AVERAGE

MAXIMUM

$1.4

$1.9

$2.8

A dozen eggs costs around 44 CZK on average with 33 CZK and 66 CZK being the lower and upper limits respectively.

Fresh whole chicken price

76 CZK

98 CZK

140 CZK

MINIMUM

AVERAGE

MAXIMUM

$3.2

$4.2

$5.9

The price range of a fresh whole chicken in Prague is between 76 CZK and 140 CZK depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 98 CZK.

Pack of beef price

89 CZK

130 CZK

270 CZK

MINIMUM

AVERAGE

MAXIMUM

$3.8

$5.7

$11

The price of a regular pack of beef or meat is around 130 CZK. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

36 CZK

49 CZK

69 CZK

MINIMUM

AVERAGE

MAXIMUM

$1.5

$2.1

$3

A bag of rice in Prague costs around 49 CZK on average with prices rangeing between 36 CZK and 69 CZK depending on the brand and quality.

Bag of tomatos price

13 CZK

18 CZK

33 CZK

MINIMUM

AVERAGE

MAXIMUM

$0.57

$0.76

$1.4

A bag of tomatoes costs anywhere from 13 CZK to 33 CZK. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

24 CZK

31 CZK

51 CZK

MINIMUM

AVERAGE

MAXIMUM

$1

$1.3

$2.2

A bag of apples costs 31 CZK on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Prague is around 28%. This means that people spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 35% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 7,600 CZK per month on grocery and food with expenditure fluctuating between 1,100 CZK and 51,000 CZK depending on location and the type of person. The average cost of food and groceries for a couple is around 11,000 CZK per month. That number can be get as low as 3,700 CZK or a high as 59,000 CZK. Families' spending on grocery ranges from 6,700 CZK to 120,000 CZK with the location, income, and size of the family being the most determinite factors.

SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Prague

CoupleAverage monthly living expenditure breaks and spending patterns for couples in Prague

FamilyAverage monthly expenses and break out of spending for families living in Prague

StudentCost of living and expenses break down for students living in Prague