When I published this guest post on the travel prices in Prague three years ago, I had never been there. I skipped right over it and went to Moravia for a biking trip on my first Czech trip and never got to the capital. I eventually made it there though, so I updated it after that, then did so again in the summer of 2022 with some personal observations, price updates for 2022, and new photos. The good news is, Prague prices haven’t really gotten worse. While the Czech city is more expensive than the rest of the country by 50-100%, it’s still a great value compared to many other European capitals. Most of this text is from Roman Jelik, a Czech-born resident who publishes the Travel Prague site and he has confirmed the accuracy of his numbers.
Prague is smack in the middle of central Europe but can be a great bargain if you are careful about how and where you spend your money. The city of a million residents was host to nearly eight million visitors last year. Close to a million of those were Germans coming over the border for a holiday, but there were also nearly half a million Americans flying in for their vacation. Most came to be taken back to a time of castles, kings, cobbled streets, and medieval stone bridges. The city of a thousand spires does not disappoint. Standing at the base of the Gothic St. Vitus Cathedral and looking down at the patches of red rooftops and narrow streets one can easily imagine the city as it existed five hundred years ago.
Food & Drink Prices in Prague
The first thing you will notice is how cheap the beer is—and it’s really good beer. A half liter of the popular Pilsner Urquell costs an average 32 CZK at a non-tourist bar, which is under $1.50 USD. Or to put in another way, if after a few hours of chatting with your friends you find that you drank 7 mugs of beer you still have spent less than $10.
The very affordable beer price probably has something to do with the fact that Czech people hold the infamous distinction of being the highest per capita beer drinkers in the world with 148 liters per person per year. (3 beers per day average if you count every resident: babies, the invalid, people who don’t drink…) They aren’t stuck in their ways though so you’ll find a wide variety of options beyond the original pilsner.
You would think that with all that beer drinking there would be a lot of beer-bellied people stumbling around. Yet there are plenty of skinny people. Even though a hardy plateful of goose, cabbage, and dumplings glazed with grease is enjoyed once and a while, it is not uncommon to have nothing more than a bun with a couple slices of ham for lunch.
All throughout Prague are delis with various hams, fish and potato salads. The salad is served on a little plate and costs around $2, the buns cost $0.15 each. There are little tables at which you can stand and eat your bun and salad. It’s quick, it’s simple, it’s delicious, it’s filling, and best of all you spent under $3. It’s common to see sandwiches for $2 or so, on good multigrain bread or fresh-baked buns.
Prague Prices for Hotels & Hostels
You are not going to be able to find great deals if you plan to stay at a hotel in central Prague. The prices are similar to hotels in major Western European cities. Expect to pay anywhere between $90 and $150 for a double room at a regular 3-star or 4-star hotel. (Check current prices from multiple sources here.) Of course as you move closer to the Charles Bridge or Old Town Square the prices rise proportionally and you should just expect high prices, not deals.
Hotel room prices dip down a bit as the temperature drops, then shoot up in the summer high season. (Tim here – I found a nice hotel with buffet breakfast for $99 a night including taxes in August, but near the Staropramen brewery a few kilometers from Old Town.) Hostel bed prices average around $19 a night for a dorm.
To save money, and experience what most tourists never do, you should consider staying at a pension just outside of Prague. Celakovice is a pleasant 25-minute train ride through the countryside. With 10,000 residents, the riverside village has all the amenities you need: a town square with church-bell tower, restaurants, bakeries, delis, butchers, and even a supermarket. For $40 a night you can stay at a fully furnished apartment with kitchen, couch, and bath located right on the main square.
The train to Prague departs twice an hour and costs $5 for a return ticket. Staying at a pension enables you to make your own meals and relax in the sleepy town when you need a break from the crowds of the big city.
Transportation Costs in Prague
Taxis have a terrible reputation in Prague. There was a time when if you stood at the airport with your bags and hailed a taxi you where no better off than a fresh carcass on the Savannah. Stories abound of oblivious tourists paying $200 for a 30 minute taxi ride to Prague. There was probably some truth to these stories as now there are set prices for taxi rides to the center of the city. No need to haggle or debate – just pay the amount stated on the signs in the airport. A taxi ride to the city costs approximately $30 depending on where exactly you need to go. You might argue this is still expensive just to get into the city, or you can look at it the other way and consider that you saved $170.
Update: Uber (but not Lyft) is available now in Prague as well, which I took from my hotel to the airport for about $17 in a nice “Select” car. There’s also a similar local service called Liftago which I used multiple times in another Czech city. It is basically a multi-taxi service with the standard rates, but one you can pull up on your phone without calling anyone and you can see how far away the driver is. No fear that you’re overpaying or that you’ll have to phone someone in Czech.
In terms of land area Prague is a tightly packed city and most of the interesting tourist sites are walking distance from each other. The popular Royal Walk through Old Town, over Charles Bridge, and up to Prague Castle starts from one side of the city and ends on the other; walking at a leisurely pace it can be done within a day. There are many other long walks that get you out of the packed central zone, with printed maps available at the tourism office. See more info here.
If you really need to get to the other side of Prague quickly and cheaply I would recommend public transit over a taxi. For just over $1 you can get a one-way ticket or for under $2 you can purchase a 90-minute pass which enables you to use any combination of metro, tram, and bus to get to anywhere in Prague. A full-day pass is under $6.
Admission and Activity Charges
If you are on a budget, this is a city where there is no great reason for you to spend any money on admission. The city is best experienced on your feet and from the street. The buildings and statues are the museum. The underground restaurants and the delicious cheap beer they serve is your entertainment. The Old Town square is free, the Charles Bridge is free, walking up to the castle and sitting on the royal lawn is free. (Note from Tim: when I walked by the castle entrance area, there were six busloads of tourists waiting in line to pay the admission and enter. Ugh.)
Tourist Traps in Prague
Prague can be a very cheap city to visit but it can also be very expensive. It depends where you pull out your wallet. Because there are so many tourists and almost all of them visit the same few sites, it is just good business sense for a shop or restaurant owner to raise their prices and collect as much as they can.
To avoid overpaying follow the simple rule of never buying anything in a popular tourist spot or on streets connecting the sites. Here’s an app to tell you whether you are in a Prague tourist trap. Simply walk 200 meters in a random direction till you are safe in local territory and buy your goods there. Prices in Prague go down a lot if you just venture beyond where the hordes of tourists are gathered.
List of Important Prices in Prague (in USD – 2022 rate is 1 USD = 24CZK):
When you ask people what they think of when they hear “Czech Republic,” beer is usually at or near the top of the list, along with architecture, cultural activities, and Prague castle. Here’s what a lot of the basics will cost you for prices in Prague, including that first item.
half liter mug on tap: $1.20 (locals’ place) to $3.50 (microbrew in tourist area)
half liter can: $0.80 – $1.20
2 liters of Kofula (Czech Coke): $0.50
bottle of respectable local wine: $8
bottle of respectable Czech vodka: $5
bun with fish salad: $3
rabbit, cabbage, dumplings: $6
goulash with dumplings: $5
large sausage in bun from street vendor: $2 – $2.50
glass hot wine from street vendor: $2
1kg Czech apples: $1
2kg of potatoes: $1
loaf of Czech bread: $0.50
100g Czech ham slices: $1
24 hour public transport pass: $2
3 day public transport pass: $14
3 hour train to the beautiful Czech city Ceský Krumlov: $12
1 hour bus to ski hill in northern Czech: $4
1 hour bus to spa town of Teplice: $3
Average nightly AirBnB price for 2 in summer: $140
Number of AirBnB options for 2 under $100 in Old Town in August: 14
Hostel bed prices: $11 to $31 (average around $19)
Here are some more tips to check out: 8 Insider’s Tips on Traveling to Prague
The Cost of Living in Prague
As I write this, the current exchange rate is 24 to the dollar, which is only about 8% better than the ratio before the pandemic. You don’t see many wild swings that will impact your monthly costs if you’re earning dollars or euros.
You can use the information above in this post to get an idea of the cost of living in Prague if you are able to stick around for more than a month. To put things in perspective, while Prague is more expensive than other cities in Chechia (as they’re now calling themselves), it’s still a fairly reasonable place to live by European standards.
The crowdsourced cost site Numbeo says rent in Prague is about 47% cheaper than Atlanta—a mid-sized U.S. city with average prices—and overall costs with rent are about 39% less. So it won’t give you a half-priced life unless you’re coming from a more expensive city like London, Paris, or New York, but you can expect reasonable prices regardless. And I’d argue that your quality of life will be better as well. The average salary in this city is around $1,600, so if you’re earning twice after taxes you’ll feel loaded.
As far as specifics go, Numbeo pegs the average price of a one-bedroom apartment in the city center of the Czech capital at $849 and a three-bedroom one at $1,597. Buying a condo is prohibitively expensive though, so you’re better off finding another Czech city if you’re looking into real estate investment.
High-speed internet will cost you about 1/4 of what you spend in the USA and mobile phone charges are lower too. Public transportation is far better and cheaper as well, with a monthly city train and bus pass in Prague being less than 25 bucks.
Your first trip to the grocery store will be a happy surprise. Many grocery items, especially fruit, vegetables, and beer, are half or less what they cost in the United States.
And as with any country around the world, healthcare costs are also half or less. Just be advised that you are in central Europe, which has a real winter, so pack lots of layers if you’re going to stay here year-round and live through the coldest months. Also, if you are moving here as a family and intend to put your child in one of the international schools, that will be one of your largest expenses. Even in primary school, prices top $10K per year.
As mentioned before, prices drop quite a bit once you get outside of the capital, especially housing prices. There aren’t really any other major cities in the country, but Brno will still provide a big city feel and then the others are never more than a few hours away by train. If you give up the higher prices of living in Prague, you’ll have plenty left to just come visit now and then.
This is a guest post by Roman, a travel writer living in Prague, who also shot the outskirts and taxi photos. He shares tips and advice on his website Prague Travel. He invites you all to come for a beer or two or three. Additional information added by the editor of this blog, Tim Leffel.