Cost Of Living For a Student in Prague 2025
Average Monthly Expenditure
Currency: CZK
Average monthly spending for students in Prague
How much money does a student need in a month to survive in Prague?
Students in Prague spend around 34,000 CZK per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 5,300 CZK or as high as 230,000 CZK. Location is a very important factor and has a huge influence on expenditure and budget.
Prices and cost of goods and services in Prague
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
| 470 CZK | 700 CZK | 2,800 CZK |
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 170,000 CZK | 330,000 CZK | 440,000 CZK |
Bus ticket one way
Car Service
| 490 CZK | 730 CZK | 1,500 CZK |
Utility cost (monthly)
Utility Bill - Student
| 210 CZK | 1,400 CZK | 9,200 CZK |
Internet and cable
Mobile phone charges
| 270 CZK | 440 CZK | 1,300 CZK |
Leisure and activities costs
Movie ticket
One month gym membership
| 590 CZK | 730 CZK | 1,500 CZK |
Cloths and accessories costs
Pair of jeans or pants
Woman dress
| 410 CZK | 560 CZK | 1,800 CZK |
Woman shoes
| 390 CZK | 520 CZK | 1,200 CZK |
Men's shoes
Men suit
| 370 CZK | 460 CZK | 2,400 CZK |
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 6,100 CZK | 9,200 CZK | 24,000 CZK |
1-bedroom apartment
| 9,200 CZK | 15,000 CZK | 37,000 CZK |
2-bedroom apartment
| 12,000 CZK | 18,000 CZK | 49,000 CZK |
Housing costs / Buying
Studio apartment
| 1.2M CZK | 1.8M CZK | 3.7M CZK |
1-bedroom apartment
| 1.5M CZK | 2.4M CZK | 9.2M CZK |
| $63,000 | $100,000 | $390,000 |
2-bedroom apartment
| 2.4M CZK | 7.3M CZK | 15M CZK |
| $100,000 | $310,000 | $630,000 |
Furniture Costs
King Size Bed
| 6,600 CZK | 8,300 CZK | 11,000 CZK |
Double Bed
| 4,400 CZK | 6,600 CZK | 8,300 CZK |
Single Bed
| 3,900 CZK | 5,100 CZK | 6,600 CZK |
Living Room
| 7,400 CZK | 9,500 CZK | 33,000 CZK |
Dining Table
| 3,300 CZK | 4,400 CZK | 8,300 CZK |
Sofa or Couch
| 4,400 CZK | 6,000 CZK | 13,000 CZK |
Electronics and House Appliance Costs
TV Set
| 4,400 CZK | 6,600 CZK | 13,000 CZK |
Fridge or Freezer
| 3,900 CZK | 6,000 CZK | 8,300 CZK |
Washing Machine
| 5,100 CZK | 7,400 CZK | 13,000 CZK |
Stove or Cooker
| 4,700 CZK | 6,000 CZK | 8,300 CZK |
Mobile Phone
| 5,500 CZK | 6,600 CZK | 9,500 CZK |
Laptop or Computer
| 6,000 CZK | 7,400 CZK | 13,000 CZK |
How do students spend their money in Prague?
We asked thousands of students about their spending habits and expenditure break down.
Housing and accomodation expenditure for students
Accomodation Cost20%
20% of total expenses on average (15% to 26%)
| LOW | $54 1,300 CZK |
| AVERAGE | $350 8,300 CZK |
| HIGH | $2,400 55,000 CZK |
| Per Month |
Students in Prague typically spend from 15% to 26% of their total monthly expenditure on housing with 20% being the average. The average monthly spend on housing is 8,300 CZK with expenditure ranging from 1,300 CZK to 55,000 CZK. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for students
Cost of utilities6%
6% of total expenses on average (4% to 10%)
| LOW | $9 210 CZK |
| AVERAGE | $59 1,400 CZK |
| HIGH | $390 9,200 CZK |
| Per Month |
Utility expenditure like electricity, water, and gas in Prague ranges from 4% to 10% of total expenses with 6% being the average for most students. The average monthly cost of utilities is 1,400 CZK with 210 CZK and 9,200 CZK being the upper and lower limits for a student of four.
Transport, fuel, and commute expenditure for students
Cost of transport and fuel5%
5% of total expenses on average (5% to 11%)
| LOW | $16 370 CZK |
| AVERAGE | $100 2,400 CZK |
| HIGH | $690 16,000 CZK |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 370 CZK to 16,000 CZK in a month on commuting with 2,400 CZK being the norm for most students. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 5% or as high as 11%.
Food, groceries, and basic shopping expenditure for students
Food and Groceries Cost22%
22% of total expenses on average (16% to 26%)
| LOW | $45 1,100 CZK |
| AVERAGE | $290 6,900 CZK |
| HIGH | $2,000 46,000 CZK |
| Per Month |
The average outlay on groceries and basic houshold items for a typical student in a month in Prague is 6,900 CZK. The cost of groceries can range between 1,100 CZK to 46,000 CZK. Students spend on average about 22% on food and groceries with upper and lower bounds of 16% and 26% respectively.
Healthcare and medical services expenditure for students
Cost of healthcare8%
8% of total expenses on average (5% to 11%)
| LOW | $14 320 CZK |
| AVERAGE | $88 2,100 CZK |
| HIGH | $590 14,000 CZK |
| Per Month |
Students in Prague allocate 5% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 8%. The range of medical expenses range from 320 CZK to 14,000 CZK with 2,100 CZK being the norm for most students.
Leisure and shopping expenditure for students
Cost of leisure and shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $11 260 CZK |
| AVERAGE | $74 1,700 CZK |
| HIGH | $490 11,000 CZK |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 260 CZK to 11,000 CZK with 1,700 CZK being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 3% for most students.
Education and schooling expenditure for students
Cost of education and schooling19%
19% of total expenses on average (12% to 24%)
| LOW | $43 1,000 CZK |
| AVERAGE | $280 6,500 CZK |
| HIGH | $1,900 44,000 CZK |
| Per Month |
Spending on education can vary drastically between different students. On average, education constitutes 19% of the monthly expenditure of students with 12% and 24% being the lower and upper bounds respectively. The average reported education cost is 6,500 CZK per month with 1,000 CZK being the minimum spent amount and 44,000 CZK being the maximum.
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $34 790 CZK |
| AVERAGE | $220 5,200 CZK |
| HIGH | $1,500 34,000 CZK |
| Per Month |
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
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Prague
Income and cost of living compatibility
We asked students one simple question and recorded their answers.
Is it affordable or economical to live in Prague?
Around 78% of surveyed students 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 students 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 students 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 For Students
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 students of Prague whether they have an emergency fund and the answers were as follows.
Yes75%
No25%
Based on the survey, 25% of the students 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 student guardians and parents in Prague 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 students 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%
Housing costs, accommodation, and housing affordability in Prague
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Prague
Monthly Rent Prices
Studio apartment monthly rent cost
| 6,100 CZK | 9,200 CZK | 24,000 CZK |
1-bedroom apartment monthly rent cost
| 9,200 CZK | 15,000 CZK | 37,000 CZK |
2-bedroom apartment monthly rent cost
| 12,000 CZK | 18,000 CZK | 49,000 CZK |
3-bedroom apartment monthly rent cost
| 15,000 CZK | 24,000 CZK | 67,000 CZK |
Furnished apartment monthly rent cost
| 29,000 CZK | 73,000 CZK | 150,000 CZK |
Townhouse monthly rent cost
| 24,000 CZK | 37,000 CZK | 100,000 CZK |
House monthly rent cost
| 29,000 CZK | 73,000 CZK | 150,000 CZK |
Villa monthly rent cost
| 37,000 CZK | 92,000 CZK | 150,000 CZK |
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 |
1-bedroom apartment price
| 1.5M CZK | 2.4M CZK | 9.2M CZK |
| $63,000 | $100,000 | $390,000 |
2-bedroom apartment price
| 2.4M CZK | 7.3M CZK | 15M CZK |
| $100,000 | $310,000 | $630,000 |
3-bedroom apartment price
Townhouse price
House price
Villa price
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.
If you're leasing or purchasing, housing costs in Prague will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 41 | x120 monthly income | 225 |
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
Rent to income ratio
( monthly rental / monthly income ) x 100
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.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
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.
Housing Affordability Index
31% 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.
| 110 CZK | 1,400 CZK | 14,000 CZK |
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
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Prague
Utility Bill Cost / Electricity + Water + Gas / Student
| 210 CZK | 1,400 CZK | 9,200 CZK |
Internet and cable cost
Mobile phone bill and charges
| 270 CZK | 440 CZK | 1,300 CZK |
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly energy and water consumption of students is around 1,400 CZK. The cost of internet and WiFi 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
( monthly utility expenses / monthly income ) x 100
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
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
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
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
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 |
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..
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
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
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
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
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
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
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
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
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Prague is around 28%. This means that students 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 students
Students' spending on grocery ranges from 1,100 CZK to 46,000 CZK with the location, income, and size of the student being the most determinite factors.
