Cost of living
The cost of living in the Czech Republic is lower than in most of the older member states of the European Union.
A student needs approximately CZK 8,000 – 10,000 (EUR 300 – 380; USD 350 – 430) per month to cover the basic costs, such as catering, accommodation, and transport. The amount always depends on individual needs, requirements, and the standard of living of each student.
The average price of a meal at the restaurant is around CZK 120 (EUR 4.55; USD 5.20); in the student canteen, the price is usually CZK 50 to 80 for a meal (EUR 1.90 – 3.00; USD 2.00 – 3.50). Food costs may be lower or higher, depending on your personal choice about where and what you will eat.
The monthly ticket for public transport for students under 26 years old is CZK 190.00 (EUR 7.20; USD 8.30). There is also a possibility to purchase a ticket for three (3) months for CZK 495 (EUR 18.80; USD 21.50) or an annual ticket for CZK 1 520 (EUR 57.60; USD 65.90).
One way ticket to Prague (by train) for students under 26 years old with valid ISIC card costs CZK 80 (EUR 3.00; USD 3.50)
Petrol (Natural 95): CZK/litre 26.00- 28.50 (EUR 1.00 – 1.10; USD 1.10 – 1.25).
Diesel: CZK/litre 25.50- 30.50 (EUR 1.00 – 1.15; USD 1.10 – 1.30).
For a better estimate, you can check the average prices here.