COST-OF-LIVING IN CZECH REPUBLIC

In comparison to many other European countries, the cost of living in the Czech Republic is generally low. Costs will of course vary according to lifestyle, but the monthly cost for food, accommodation and public transportation should amount to approximately 350-750 USD. Expenses covering the stay are substantially lower than in any west European Country. Expenses covering Food, Accomodation, and Public transportation come altogether to about 350-750 USD/month. Naturally, it all depends on the student’s lifestyle and on how much he/she really wants to spend. The Prices can also vary considerably depending on where you stay. Last year the Czech National Bank devalued the Czech Crown. You might be wondering how this will affect things from the cost of groceries to a night out. Despite the devaluation, some prices have remained more or less than same since our last list. The inflation rate, which the Czech Bureau of Statistics gives based on the consumer price index, sat at 1.4% for December 2013. While the inflation rate has been quite low, the average monthly wage, which according to the Czech Bureau of Statistics is a little under 25,000 CZK, has lost some purchasing power. On average, rental prices have risen by about 2% across Prague. This average, however, hides the regional variation. Prague 1 rentals have gone up by 3.5% while Prague 2 rentals have decreased by 2.8%. This figure happened to be the largest drop. The area with the largest increase was Prague 8 with 5.3%. The International Student Identity Card (ISIC) is the best card for all students. It allows cardholders to get students discounts for transport, Restaurants, cinemas, museums, exhibitions and concerts. The Cost Of Living Of Czech is given Below:

Accommodation
Furnished two bedroom house21,746 KC
Unfurnished two bedroom house15,746 KC
Furnished two bedroom apartment18,746 KC
Unfurnished two bedroom apartment14.250 KC
Shopping
Dozen eggs45 KC
Milk (1 litre)22 KC
Rice (1 kg)15 KC
Loaf of white bread18 KC
Chicken breasts (1kg)88 KC
Pack of cigarettes (Marlboro)10 KC
Eating out
Big Mac meal134 KC
Coca Cola (500ml)34 KC
Cappuccino 13 KC
Bottle of beer (local)14 KC
Three course meal at a mid-range restaurant120 KC
Utilities
Mobile call rate (per minute – mobile to mobile)5 KC
Internet (Uncapped ADSL or cable – average per month) 469 KC
Basic utilities (Includes electricity, water, refuse)3725 KC
Transportation
Monthly Ticket public Transport550 KC
Taxi Trip On a Business Day283KC
Petrol/Gasoline37 KC

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