Living costs in the Czech Republic are considered to be affordable. The Czech Republic is a member of the European Union, but does not use the euro as its currency.
The Czech currency is the Czech crown (CZK). The average living costs of students in Prague is generally about 500 – 600 EUR (12 500 – 15 000 CZK) per month, including meals, accommodation in a single room and public transport. Of course, prices may vary according to your accommodation, lifestyle and spending habits. You can exchange money in a bank or bureaux de change. Alternatively you can pay with an international banking card or credit card.
Prague has the underground, trams and buses, and you can pay for all of them at once with a pre-paid tariff on one card. Only four cities across the globe have better public transport than Prague. The public transport is usually on time and once you learn how to make sense of the timetables, it’s a piece of cake.