Cost of living in Czech Republic
If you're planning on relocating from Singapore to Czech Republic it’s important to build a realistic budget based on the cost of living in your chosen destination. The cost of everyday life, from rent and utilities, to childcare and education, tax and other unavoidable costs, can vary enormously based on market forces, the strength of the local economy and government policies.
Read on as we explore key information about the differences in cost of living between Czech Republic & Singapore, focusing on everything from the costs of food, healthcare, entertainment and more.
What contributes to the cost of living between Czech Republic & Singapore?
In this guide we look at differences in cost of living between Czech Republic & Singapore, so you can start to build up a budget to cover your costs when you relocate. Cost of living is highly personalised, and can depend on the things you like to do, food you like to eat, type of home you want to live in, and so on. Naturally, living in a new country with a family, paying for a larger property, education and healthcare, would cost significantly more than an international student looking only to cover basic expenses during a relatively short term stay.
To help you plan your spending we’ve covered different common expenses in Czech Republic such as transport, healthcare, childcare and entertainment. Read on for more detail on each.
Pro tip: Use our international payment comparison tools to work out the best options for you to send international payments to and from Czech Republic & Singapore with low fees and great rates.
Is Czech Republic expensive?
Based on data from Numbeo, the cost of living in Czech Republic is 44.3% lower vs Singapore when you take into account daily spending without rent.
Once you include rent into your calculations, the cost of living in Czech Republic is 56.3% lower vs Singapore.
If you look just at rent, the cost of rent in Czech Republic is 73.7% lower than Singapore.
Your own exact cost of living will depend on many different factors including your lifestyle, hobbies and even health - this guide can help you build up your own budget to live comfortably in your new home.
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Transport in Czech Republic
Getting around will be an important cost to consider when living in Czech Republic. Whether you’re commuting to work, getting to school or travelling for pleasure, the costs of transport can vary widely from country to country, based on fuel and vehicle prices, and the availability of public transport, taxis, and ride hailing services.
| Transport | Singapore | Czech Republic | % difference |
|---|---|---|---|
| One way ticket (local transport) | S$2 (Kč34) | S$1.5 (Kč26) | -24.5% |
| Monthly pass (local transport) | S$120 (Kč2,046) | S$31.9 (Kč544) | -73.4% |
| Taxi start | S$4.6 (Kč78) | S$2.9 (Kč49) | -36.9% |
| Taxi (1km) | S$1 (Kč17) | S$1.9 (Kč32) | 85.8% |
| Taxi (1 hour waiting) | S$20.9 (Kč356) | S$20.9 (Kč356) | 0% |
| Gas (1 Litre) | S$2.9 (Kč49) | S$2.2 (Kč38) | -25% |
Utilities (monthly) in Czech Republic
No matter where you choose to live in Czech Republic you’ll need to pay utility bills for electricity, gas, water and other similar services. Utility costs are often dictated, or capped, by government policies, as well as market forces, which can mean that what you pay in one country is quite different to another. Here’s a look at utility costs in Czech Republic as an example.
| Item | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Bills (electricity, gas, water) for 85m2 Apartment | S$210.9 (Kč3,595) | S$381.5 (Kč6,504) | 80.9% |
| Mobile Phone Contract (Calls and 10GB+ Data) | S$22.7 (Kč387) | S$35.7 (Kč609) | 57.5% |
| Internet (60 Mbps or More, Unlimited Data) | S$46.1 (Kč786) | S$26.6 (Kč453) | -42.4% |
Grocery costs in Czech Republic
Daily grocery costs and availability changes depending on the country you’re in, with factors like the proportion of foods that are imported making a big difference. When you’re in Czech Republic you’ll need to think about building a suitable food budget for your personal tastes, and based on the costs of items you buy often.
| Item | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Milk (1 Litre) | S$3.7 (Kč63) | S$1.4 (Kč24) | -61.6% |
| Loaf of fresh bread | S$2.9 (Kč49) | S$1.9 (Kč32) | -35.2% |
| Rice (1kg) | S$3.7 (Kč63) | S$3 (Kč51) | -18.2% |
| 12 eggs (regular) | S$4.3 (Kč73) | S$3.8 (Kč65) | -11.3% |
| Local cheese (1kg) | S$23.1 (Kč394) | S$15.5 (Kč264) | -32.9% |
| Chicken fillets (1kg) | S$14.1 (Kč240) | S$11.4 (Kč194) | -19.2% |
| Beef (1kg) | S$27.8 (Kč474) | S$16.5 (Kč281) | -40.6% |
| Apples (1kg) | S$5.7 (Kč97) | S$2.1 (Kč36) | -62.9% |
| Bananas (1kg) | S$4 (Kč68) | S$2.2 (Kč38) | -44% |
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Accommodation in Czech Republic
If you’re moving to Czech Republic you’ll likely need to rent a place to live. No matter where in the world you choose to reside, the costs of rent tend to make up a huge slice of your monthly budget. That said, you can often bring down the overall costs of renting by choosing a less central location or by sharing with others.
| Accommodation | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Apartment (1 bedroom) City Centre | S$3943.9 (Kč67,236) | S$1062.6 (Kč18,115) | -73.1% |
| Apartment (1 bedroom) Outside of City Centre | S$2818.6 (Kč48,052) | S$859.3 (Kč14,650) | -69.5% |
| Apartment (3 bedroom) City Centre | S$7779 (Kč132,618) | S$1797.5 (Kč30,644) | -76.9% |
| Apartment (3 bedroom) Outside of City Centre | S$4870.8 (Kč83,038) | S$1384.9 (Kč23,610) | -71.6% |
Salaries in Czech Republic
The amount of money you have in your pocket when you’re living in Czech Republic is a function of both the salary you can earn, and the amount of tax you need to pay on your income. As taxes can be structured quite differently from one country to the next it’s crucial to get a realistic idea of the amount you’ll lose in taxes - and so the amount you have for spending - before you move.
| Salary | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Average monthly salary (after tax) | S$5090.7 (Kč86,787) | S$2111.9 (Kč36,004) | -58.5% |
Education and childcare in Czech Republic
For people moving to Czech Republic with a family, the costs of education and childcare will be an important budget line. Childcare, school fees and university costs can be a huge proportion of your annual budget, particularly when you’re outside of your home country, and may not have access to government funded educational institutions. Here’s a look at some common costs in Czech Republic to help your research.
| Childcare | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | S$1493.8 (Kč25,467) | S$694.5 (Kč11,840) | -53.5% |
| International Primary School, Yearly for 1 Child | S$36844 (Kč628,124) | S$14505.8 (Kč247,298) | -60.6% |
Entertainment and eating out in Czech Republic
Don’t forget to include discretionary spending on entertainment and personal care to your budget for Czech Republic. While your own spending in this area will be unique, planning to have some money for fun activities can help you settle into your new home, make new friends and relax into your new life.
| Entertainment | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Fitness Club, Monthly Fee (1 Adult) | S$144.2 (Kč2,458) | S$75.5 (Kč1,287) | -47.7% |
| Tennis Court (1 Hour on Weekend) | S$15.8 (Kč269) | S$21.5 (Kč367) | 36.3% |
| Cinema, International Release, 1 ticket | S$15 (Kč256) | S$13.7 (Kč234) | -9% |
| Eating out | Singapore | Czech Republic | % difference |
|---|---|---|---|
| Meal out (cheap restaurant) | S$14 (Kč239) | S$11.6 (Kč198) | -17% |
| Meal for 2 (mid-range restaurant), 3 courses | S$100 (Kč1,705) | S$58.1 (Kč991) | -41.9% |
| Meal at McDonalds (or equivalent) | S$10 (Kč170) | S$11 (Kč188) | 10.3% |
| Local Beer (0.5 litres) | S$10 (Kč170) | S$2.9 (Kč49) | -71% |
| Imported Beer (0.33 litre) | S$6.7 (Kč114) | S$2.5 (Kč43) | -62.8% |
| Cappuccino (regular) | S$6.2 (Kč106) | S$3.9 (Kč66) | -37% |
| Coke/Pepsi (0.33 litre) | S$2.2 (Kč38) | S$2.3 (Kč39) | 1% |
| Water (0.33 litre) | S$1.6 (Kč27) | S$1.9 (Kč32) | 17.5% |
Exchange rates between Singapore & Czech Republic
Understanding the differences in exchange rate between Singapore & Czech Republic is important to allow you to manage your money across currencies. Looking at historical data and trends for the CZK/SGD exchange rate can help you understand how far your funds will go once you move.
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Conclusion
Understanding the differences in cost of living between Czech Republic & Singapore is important for anyone who plans to relocate - either for a short period of work or study, or on a long term basis. By understanding how different costs may be for day to day essentials, you can plan your budget effectively and make sure you hit the ground running in your new home.
If you live an international lifestyle, our currency conversion and international payment comparison tools are the perfect way to help you manage your money across currencies. Use our guides and calculators to figure out the cheapest and most convenient ways to spend in your new country, and to send international payments to and from Czech Republic & Singapore with low fees and great rates.