Prague is generally considered to be an affordable city compared to other European destinations. The cost of living in Prague is generally lower than in other major European cities, and there are many budget-friendly options for accommodations, food, and attractions. However, like any city, the cost of living in Prague can vary depending on your personal preferences and lifestyle. It’s always a good idea to do some research and plan your budget before traveling to any destination.
For most of the tourists (I mean especially western Europeans, US) Prague is cheaper (probably much cheaper) than at home. But be careful, there are many places where they want your money and are not ashamed to ask for two or three times higher prices than is common.
In Czechia, we didn’t adopt Euro yet, so you will pay in our local currency, Czech crown (CZK). In many tourist restaurants, they can accept Euro, but be careful, there will be probably a terrible exchange rate which makes it even more expensive. 100 CZK is a bit less than 4 EUR or 5 USD.
How much money should I bring to Prague?
Of course, depends on how much you want to spend. But you don’t need any cash, you can pay by card at 99% of places you visit (the other 1% can be paid toilets, farmers’ markets, and small shops).
- You can spend days without paying any entrance costs (if you are not a lover of museums and indoor castle tours), just walking around. But if you want to get some buildings inside, it can cost you up to approx. 100 euros.
- You can spend like 3 euros per day on public transportation. But if you likely use a drive it can cost you 4 – 10 euros per one (depends on distance, I count on moving just in the city center).
- If you have hotel breakfast and want fully enjoy gastronomy in Prague with also some nice drinks, it will cost you about 50 euros per day (didn’t count bottles of wine). If you don’t care much about the food and you only want to feed yourself, but still in a restaurant, it can be less than 30 euros. If you go low-cost, grab some street food or bread and cheese in the supermarket, you can get even lower than 15 euros.
It differs from place to place but if you see much higher prices than below, you are probably in a luxury restaurant, you ordered something special (usually expensive food) or you are in a touristic-oriented restaurant. These tourist traps are usually in the center of the city but it doesn’t mean you can’t eat at reasonable prices in the Prague center. Just avoid places where you see suspiciously high prices (which usually means not cheaper than you would pay at home).
Let’s have a look at the usual prices of food and drinks in restaurants and also prices in stores.
Prices in restaurants
- scrambled eggs / omelette 80-140 CZK
- pancakes 90-130 CZK
- soup 70-120 CZK
- svíčková (sirloin with sauce) 180-250 CZK
- most of lunch dishes 150-200 CZK
- burgers (in good burger restaurants, not McD) 180-280 CZK
Some dishes could be more expensive just because of more expensive resources – of course, when I say “most of lunches” I mean common lunch dish, not lobsters, truffles, caviar or 400 g beef steak.
To be honest, there are many restaurants in Prague where is worth to go even though the price is higher than mentioned above. But there should be a reason why you want to go exactly there, you should know why you pay more. If you meet a random restaurant with a person who persuades you to go in and 50% and higher prices, avoid it!
As an example, look at this menu pricelist of Lokál Dlouhááá restaurant. This is the most recommended restaurant to try traditional Czech food because of quality and taste, it is in the center (just 200 m from Old Town Square), it is not a cheap restaurant, but prices are reasonable. We, Czechs, go there often.
How much is a draft beer in Prague
First of all, we use liters, kilograms, etc. as measurement units. So there is no pint, but half-liter beer (which is almost the same, 1,05 pint). You can call it big beer and it usually costs from 55 to 70 CZK. You can also order small beer, which is 0,3 liter and costs from 45 to 55 CZK.
Prices for drinks in restaurants, bars and cafes
- espresso 30-50 CZK
- cappuccino 55-75 CZK
- homemade lemonade (0,3l) 60-90 CZK
- tap water (0,5l) 0-45 CZK
- bottled water (0,3l) 40-60 CZK
- coke (0,3l) 40-60 CZK
- glass of wine (0,2l) 70-120 CZK
- aperol spritz / gin tonic 100-150 CZK
- shot of alcohol 70-100 CZK
When you go outside of Prague in the Czech Republic, prices shouldn’t be any higher, they are the same or lower in the countryside. Neither in other touristic spots in the Czech republic like Český Krumlov, Karlovy Vary or Mariánské lázně prices shouldn’t be much higher, but there is the same as in Prague – a lot of touristic-oriented overpriced places.
Prices for food in the grocery stores
There are many supermarket chains in Prague (Lidl, Kaufland, Billa, Albert, Tesco) and many small stores and chain of small stores Žabka to buy just some basics, which can be a bit higher in prices but really just a little bit and because there are everywhere unlike chains. Small Vietnamese stores have very good fresh fruits and vegetables, usually better than in chains.
- fresh milk (1l) 15-30 CZK
- water (0,5l) 8-25 CZK
- water (1,5l) 15-30 CZK
- coke (0,5l) 20-30 CZK
- beer (0,5l) 20-30 CZK
- cheese (100g) 20-40 CZK
- ham (100g) 20-40 CZK
- yoghurt (200g) 12-20 CZK
- banana (1kg) 40-60 CZK