Cost of Living in the Czech Republic

Cost of Living in the Czech Republic

Home to the oldest Central European University [link to Charles university on Findcourse] and currently regarded as the sixth most popular destination in Europe, the Czech Republic has witnessed an increasing number of international students attending its universities each year.

With over 43,000 students from around the world enrolling in its nearly 70 higher education institutions, the Czech Republic is home to an increasing number of cultures, all intertwining with those that have existed within the country for centuries. This increased global perspective led the country to join the EU in 2004, though it continues to use its own currency, the Czech koruna, to this day.

Approximately 22 Czech Koruna (Kč) have the combined value of a single US Dollar, making it one of Europe’s weaker currencies. This, however, is good news for visitors, travelers, and students, who will likely be able to stretch their savings further in the Czech Republic than many other destinations with comparable culture and educational systems.

So, what exactly should students in the country that ranks 67th on a list measuring cost of living around the planet expect to spend? On average, here is what you should plan for:

One Year of Study in the Czech Republic

Offering one of the best educational systems with among the top universities in Europe, the Czech Republic maintains lower-than-average tuition fees, which attracts thousands of students, especially on a budget [link to Cost of Studying in CZ]. Depending on their choice of institution, field of study, and level of degree, students will witness a potentially wide range of prices, although they all tend to remain below the equivalent of 15,000 EUR, annually.

Those at public universities seeking English-taught courses will likely pay between 2000 to 3000 EUR, each year. In private university settings, however, the range widens to prices of up to 15,000 EUR, depending on the area of study. Sciences and medicine, for example, tend to have higher fees than arts and humanities.

Overall Cost of Living in the Czech Republic

The decisions made by students largely affect their cost of living in the Czech Republic. Although the prices in the country are certainly lower than many other popular destinations, students will have to choose living situations, meal plans, activities, and excursions that fit within their budgets.

Sharing apartments or living on campus are two of the best ways for students to save a little extra money in nearly any country, and the Czech Republic is no exception. Additionally, there are low-cost meal options in cities and towns across the country, which allow students to stretch their savings while trying some of the traditional and delicious food native to the Czech Republic’s culture.

Many students will be even more excited by the fact that beer in the country is one of the most inexpensive beverages available - in fact, it is often said that beer is cheaper than water in the country, which consumes more of the beverage per capita than anywhere else on earth!

For a quick list of what to expect when living in the Czech Republic, see the chart below: