Officially known as the Czech Republic, it is a country located in central Europe. It shares borders with Slovakia to the east, Germany to the west, Poland to the north and northeast, and Austria to the south. Its capital and largest city is Prague. The country has a rich history that dates back to the 9th century when it was part of the Great Moravian Empire. It later became part of the Bohemian Kingdom, which was an important center of culture and politics in medieval Europe. The republic has a diverse landscape that includes forests, mountains, and rolling hills. Its economy is largely based on manufacturing, services, and tourism. The official language is Czech and the currency is the Czech koruna. The country is known for its rich cultural heritage, including its architecture, music, and art. Prague is home to many historic sites, including the Charles Bridge, Prague Castle, and Old Town Square. The country is also famous for its beer, with Czech beer being renowned for its high quality and variety. Other notable dishes in Czech cuisine include goulash, dumplings, and roast pork.

The image highlights rising cost of living with a graph and scattered coins symbolizing inflation and financial concerns.

If you are considering relocating to Czech, there are things you need to know about this European country. And most importantly, is its cost of living. This article provides information on the cost of basic needs in the country.

Cost of living in the country

The way and where people live affects how much they can afford to live. Some typical costs to anticipate are as follows:

Accommodation

The kind, size, and location of a place to live all affect how much it costs to rent it. A one-room loft in the downtown area of urban cities like Prague might cost around 741 USD each month to lease. You could expect to pay about 500 USD for a comparable apartment outside of the city center. It costs around 1223 USD to rent a three-room condominium in the city. A house in the downtown area costs more to buy than one outside of the midtown.

Food and groceries

Purchases are typically less expensive here than in other parts of Europe. A meal at a cheap restaurant can cost around 8.15 USD, while a meal at a mid-range restaurant can cost anywhere from 15 to 20 USD. Depending on how much food a person eats, grocery shopping typically costs are relatively affordable.

Transportation

Public transportation is somewhat modest in this country. On local transportation, a one-way ticket can cost approximately 1.81 USD, while a monthly pass can cost approximately 22.64 USD. Taxis usually have a cost of around 1.13 USD per kilometer.

Utilities

Paying for power, gas, and water fluctuates relying on the size of a loft and what it is utilized for. The typical monthly cost of a one-bedroom apartment may be around 270 USD. Access to the internet and local calls typically costs monthly fees from residents. Even water, heating, and refuse dumping cost a lot of money.

Healthcare 

The country has a general public healthcare system, but to access it, citizens are required to have health insurance. For working foreign nationals and their dependents to have access to medical treatment, it is a requirement that they participate in a health insurance program. The cost of getting insurance is typically less than two hundred dollars (USD) every month.

Recreation

This includes purchasing tickets for films, theater shows, and games. A ticket to the movies can cost about $9.06, while a ticket to a theater show costs even more.

If you’re considering moving here, you should be aware that living expenses here are lower in smaller towns and cities than they are in Western Europe.

You may also find these articles helpful

Living in Czechia

Property prices in Czechia

Getting a job as an expat in Czechia