GEOARBITRAGE: A practical guide on living expenses and how to live affordably in Prague, CZ


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Adam Siemiginowski started blogs with a background in Information Systems and Finance, graduating from Fairfield University’s Dolan School of Business. His broad experience with tech/media startups allows him to see the big picture, forecasting trends before the market realizes them.

So, you’re looking for geoarbitrage info about the cost of living in Prague, CZ for 3 months… here it is. Thanks to Michal Horny for the local analysis.

Housing: CZK 15.000 – 50.000 ($800 – $2750) A relatively hip apartment for one or two persons, furnished, downtown for a short term, with utilities included would be about CZK 12,000-17,000 ($650-$925) a month. If you would be satisfied with a single room in an apartment with other people… you can expect to pay about CZK 5,000-8,000 ($275-$450) per month. Check out or

Eating: CZK 18.000 – 54.000 ($975-3000) Expect to pay about CZK 200/day ($10) for food at home. If you prefer to eat out, make it CZK 300–600 ($15-$30) a day.

Partying: CZK 15.000 – 30.000 ($825-$1650) Partying and pub costs fluctuate greatly. You can get together with friends for a raucous evening in U Sudu for about CZK 200 a night ($10), or you may spend CZK 1,500 at Club Mecca ($80) and you’re still sober. This line item is based on an active lifestyle.

Public transport: CZK 1.480 ($80) unlimited for 90 days.

Mobile phone: CZK 1500 ($80) Czech SIM-card with enough credit for local calls for 3 months.

Other expenses are voluntary. More data to be posted here soon.

In summary, you may easily live in Prague, CZ for 3 months for CZK 51.000 (approx $2800). If you want to live like a king, you should plan to spend about CZK 137.000 (approx $7.600).

Conversions based on’s exchange on 9/27 of 18.26 CZK to 1 USD.

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