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International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:


Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).


Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.


International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).


International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Pricing

International Cost of Living Calculator Pricing


7 Day Subscription = $39 per location (minimum of 2 locations required)


Annual Subscription = $89 per location (minimum of 2 locations required)


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Location Rankings

Cost of Living Comparison by City and Country


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Most Expensive Location Rankings


Latest Basket Group Rankings


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Location Reviews

Cost of Living Review by City and Country

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Czech Republic, Prague
Overview

Czech Republic, PraguePrague is the capital and largest city of the Czech Republic. Prague's economy is based on various industrial sectors. Prague's industrial sector is split into aircraft engines, diesel engines, refined oil products, electronics, chemicals, food, printing, automobiles etc. Also a significant proportion of research and development is based in Prague. Approximately one-fifth of all investment in the Czech Republic takes place in Prague city.

The Czech Republic is in Central Europe, between Germany, Poland, Slovakia, and Austria. The climate is temperate with cool summers and cold, cloudy, humid winters.

The official language is Czech. It belongs to the Western Slavonic group of languages. Learning a few basic words will be appreciated. Many young people speak English, while German is also widely spoken. Most people can speak Russian, but will refuse to do so. The main religion is Christianity.

The economy of the Czech Republic is developed and industrialized. It is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe.

In the Czech Republic, business is conducted relatively formally, albeit at a general slower pace compared to the west. It is advisable to address associates formally unless someone has invited you to use their first name. Expatriate business dress tends to be conservative. Most international business is conducted in English, however German can be useful.

The security risk for expatriates in Czech Republic is low. Risks include petty crime such as pickpocketing and car theft, particularly in Prague. Other risks include harassment by conservative groups, particularly of people belonging to visible ethnic and religious minority groups.

The currency of the Czech Republic is the Czech Koruna (CZK). ATMs, and the use of debit and credit cards is generally acceptable.

The standard of healthcare in Czech Republic is reasonable, however costs of treatment for expatriates from outside the EU can be high.

The population of Prague is 2.2 Million (2016 est.), while the inflation rate is 2.5% (July 2017).


Cost Of Living

The cost of living for expatriates / professional migrants in Prague as at 1 July 2017 is low in comparison to other places in the world.

In Prague, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Very Low
2) Clothing: High
3) Communication: Very Low
4) Education: Low
5) Furniture & Appliances: High
6) Groceries: Very Low
7) Healthcare: Low
8) Household Accommodation: Average
9) Miscellaneous: High
10) Personal Care: Very Low
11) Recreation & Culture: Average
12) Restaurants Meals Out and Hotels: Average
13) Transport: Low

Prague is for example -12% cheaper than Houston TX for groceries, 19.5% more expensive for household costs than Kuala Lumpur, and 3.7% more expensive for transport costs than Dubai.

Prague is ranked as a some hardship location.

The hardship premium for Prague for an expat from Perth, is for example 10%, i.e. host location (Prague) premium of 20% minus home (Perth) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Prague? Register subscribe to your home location and Prague and run your personalised reports.

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