Updated: Oct 4, 2020
This differs for everyone but generally this is what my friends and I have for monthly expenses as students living in the city center.
Quick Breakdown of my Monthly Expenses:
Rent: 10,000CZK ($428) this is typical rent for a room in Prague
Food: 2,400-3,600CZK ($100-$154) I go grocery shopping every other day or every three days and spend about 300CZK ($12.50) each time
Transportation: 120CZK ($5.15)
Drug Store Stuff (Toiletries & Cleaning Supplies): about 500-750CZK ($21-$32)
Entertainment: 400-2,400CZK ($17-$100) depends on what you like to do for fun and how often you go out but a night at a club usually costs me 400-600CZK ($17-$25)
If you're someone who looks at numbers and your mind goes blank, here are some easily comparable prices for things:
(also I'm from Connecticut so that's my basis of US prices, just fyi)
Cappuccino: 60CZK ($2.50) $4
Cocktail: 100CZK ($4.30) $12
Beer: 30CZK ($1.30) $6
Dinner at an average restaurant: 150CZK ($6.50) $20
Additional costs that don't occur monthly but you should factor in:
Health Insurance: 1,000CZK ($42) each month of coverage with Uniqa, most students have this plan. But you need to prove you have it for the duration of your visa so for a year visa its 12,000CZK ($514) paid upfront.
Flights: $375 round trip from Prague to New York. It depends on where you live but this is what it will cost for me to visit home this Christmas
Visa fees: 2,500CZK ($107) each time you apply, usually yearly or half-yearly
Also keep in mind that when you apply for your visa you have to provide a proof of funds. For 6 months its 55,000CZK ($2,400). For one year, I believe, it is $4,000. However, you just have to keep that money in your account for 24 hours in order to get the paperwork from the bank. What I do, along with most students is borrow money from a parent, family member, or friend for a day, transfer it into your account, wait a day, get the paperwork from the bank, and transfer it back to whomever you borrowed it from.
Tuition: Obviously this depends on the university. Public universities are like $300 a semester, private universities are like $3,000 a semester.
Hope this helps you figure out if living in Prague is financially feasible!
here's a photo of me and my new plant because my phone is broken so I cant make a Pinterest cover now so enjoy