Frequent question: What is the average income in Prague?

How much do people in Prague earn?

How much money does a person working in Prague make? A person working in Prague typically earns around 63,600 CZK per month. Salaries range from 16,100 CZK (lowest average) to 284,000 CZK (highest average, actual maximum salary is higher).

How much money do you need to live in Prague?

Summary about cost of living in Prague, Czech Republic: Family of four estimated monthly costs are 2,316$ (50,924Kč) without rent. A single person estimated monthly costs are 686$ (15,078Kč) without rent. Prague is 50.32% less expensive than New York (without rent).

How much is the average salary in Czech Republic?

What is average wage in Czech Republic? Average Wages in Czech Republic decreased to 35285 CZK/Month (1626.412 USD/Month) in the first quarter of 2021. The maximum rate of average wage for employees was 38525 CZK/Month and minimum was 6001 CZK/Month. Data published Quarterly by Statistical Office.

Is Prague expensive to live in?

The capital city of Prague is the most expensive city in the country, and it is still cheaper than many European cities. Expats ranked Czechia seventh for cost of living out of 68 countries in InterNations’ most recent Cost of Living Index. … Costs for alcohol, tobacco, and groceries are very low.

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What is a good salary in Prague 2020?

Czech Rep., Jun 8 (JS) – In Q1 2020, the average wage in the Czech Republic rose 5% compared with last year, according to the latest data from the Czech Statistical Office (CSZO). With this increase, the average monthly wage reached CZK 34,077 (EUR 1281.96), exceeding CZK 34,000 for the first time.

How much does a house in Prague cost?

In Prague the average price of flats increased 10.4% y-o-y in Q3 2020, to CZK 94,300 (US$4,254) per sq. m.. Prague accounts for just under half the country’s total property sales. Nationwide house prices rose by almost 10% annually over the past five years, more than double the rise in wages.

Can foreigners buy property in Prague?

Can a foreigner buy real property in Prague? Yes. Under EU law, anyone can buy a house, apartment, buildable land, agricultural land or forests in the Czech Republic, regardless of citizenship or residency.

Is Prague good place to live?

Prague is a nice place to live but make the most of your time here and explore the rest of the country with its many lovely towns and villages. Celebrate the fact that you really are in the “Heart of Europe” and only a few hours from several interesting countries.

Where should I not live in Prague?

Prague’s 5 Most Dangerous Neighborhoods

  • Bartolomějská
  • Smíchov.
  • Benediktská
  • Malá Strana.
  • Holešovice.

How much is rent in Prague?

Cost of Living in Prague, Czech Republic

Food Price [EDIT]
1 bedroom flat (40 m2) rent per month 650.00 USD
1 bedroom flat (40 m2) utilities per month 140.00 USD
2 bedroom flat (80 m2) rent per month 1,071.00 USD
2 bedroom flat (80 m2) utilities per month 215.00 USD
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What is minimum wage in Prague?

The minimum wage in the Czech Republic is currently CZK 14,600. The new amount is a result of a compromise option. The unions demanded an increase of CZK 1,400, while the employers wanted to maintain the current level.

Is it expensive to live in Czech Republic?

Living costs in the Czech Republic are considered to be affordable. The average living costs range from 350 to 750 USD per month, including meals, accommodation, public transport and culture.