Average salary in Prague

The average salary in the Czech Republic is higher than in most countries in Central and Eastern Europe. Experts predict wage growth for 2021.

Economic situation in the Czech Republic

Government of the state since the 1990s. economic reforms were carried out. As a result, a dynamically developing economic system was formed. The country is in the top 40 states in terms of the quality of life of the population.

Industrialization is complemented by the development of tourism and construction. The country's unemployment rate does not exceed 4%. Inflation remains within 3%. The income of the population, on the contrary, annually increases by 5-8%. Due to the fact that the growth of incomes of citizens is outstripping inflation, the cost of living in the Czech Republic allows you to live in comfort.

What are the deductions from wages in the Czech Republic?

According to the legislation of the country, taxes are paid by citizens of the Czech Republic and residents. The income of persons staying in the Czech Republic for less than 183 days is not taxed. The total amount of deductions for foreigners is 26%. Let's consider in detail the types and interest rates of taxes in the Czech Republic:

• Income tax is calculated at a flat rate of 15% for individuals and does not depend on the amount of income.
• Social payments make up 11% of income: 6.5% go to pension savings, 4.5% go to health insurance.

Vehicle tax, real estate, television and radio broadcasting is paid once a year and is not deducted from wages.

Average salary: Czech Republic as a whole and Prague

The freely convertible crown is the national currency of the state. The exchange rate of the Czech crown for the summer of 2021 is 3.39 per ruble. The favorable course attracts labor migrants from the post-Soviet space. After all, the annual salary of a Czech worker in Russia is a fortune.

The amount of remuneration depends on:

• From the place of residence;
• From profession, qualifications and experience;
• From the floor of the worker;
• The size of the company.

For example, on average, women earn 200-280 euros / month less than men in the same position. And the salary of an employee of a large corporation is 300-400 euros more than that of a specialist in a company of up to 20 people.

The average salary in Prague in 2021 slightly exceeds the national average. The standard of living of an accountant in Prague and in the provinces of the Czech Republic is the same.

What is the average salary in Prague and in the rest of the administrative divisions of the country. In the table, we will consider the level of wages in the currency of other countries.

Average salary in the Czech Republic by profession (table).

Areas with the maximum income:

• Jurisprudence;
• IT;
• Engineering design and architecture;
• Medicine;
• Sales;
• Electrician
• Construction.

What is the Minimum Wage in the Czech Republic?

In the Czech Republic, there are two salary levels for employees:

• For 1 hour;
• For the whole month.

Provided that 40 hours per week are employed, the government guarantees payment of:

• 90.5 kroons per hour of work (3.5 euros or 304 rubles);
• 15200 kroons per month of work (580 euros or 50395 rubles).

The minimum wage is increased by 7% annually.

The minimum wage in the Czech Republic by profession (table).

The lowest wages for unskilled employees:

• Cleaners and scavengers;
• Wipers;
• Maids;
• Kitchen workers.

What are the living expenses in the Czech Republic?

Real estate prices in the Czech Republic are considered one of the most expensive in Europe. For long-term rental housing, you must pay immediately for a month of residence, as well as pay a deposit in the amount of the monthly rental payment for real estate. If the property was rented through a real estate agency, then% of the agency's payment is also due. There are a lot of nuances when renting a property, a complete guide to renting a property can be found here.

Accommodation

The cost of renting an apartment depends on the area. The difference in prices by districts and administrative territories is insignificant. The average cost of paying rent in most parts of the country costs around:

1. One bedroom apartment will cost 300-600 euros;
2. An apartment with two bedrooms will cost 600-650 euros.
3. A three-bedroom apartment will cost 700-950 euros.

Utilities are paid separately, on average it takes 100-170 euros per month.

Transport

Traveling by public transport on a pass for a month will cost 27-40 euros. A taxi ride will cost 1 euro per kilometer. Detailed information can be found here

Nutrition

Lunch in a small restaurant for two costs an average of 24 euros, and in a fast food cafe 5-6 euros. Add a transition between cafes and food prices

If you are an adherent of homemade food, then on average the prices for products in different stores practically do not differ, consider a number of more frequently purchased products:

• Chicken breast, 1 kg - 5 euros;
• White bread, weight 500 g - 0.9 euros;
• Milk, 1 l. - 0.6 euros;
• Beef, 1 kg - 16 euros;
• Potatoes, 1 kg - 0.6 euros;
• Cheese, 1 kg 3-5 euros;
• Sour cream - 0.75 euros;
• Butter - 1 euro;
• Sunflower oil 1 l - 0.89 euros;
• Rice, 1 kg -1.5 euros;
• Pasta, 500 g - 0.75 euros;
• Flour, 1 kg - 0.3 euros;
• Water, 1.5 l - 0.4 euros;
• Beer, 0.5l - 0.4 euros.

If you buy food and cook yourself, then food costs from 90 euros per month per person. Even with a minimum wage, you can still afford to visit McDonald’s or another fast food restaurant a couple of times, or sit in a restaurant once.

Other expenses

It will not be possible to save money on communication services. When purchasing a tariff for calls only, the cost of services per month is 4 euros. But if you need the Internet, this amount can be safely multiplied by three.

In relation to the salary in the Czech Republic, the prices for clothes are low. For 150 euros, you can buy jeans, a T-shirt, a jumper and shoes.

A monthly gym membership costs 90 euros. Cinema or museum tickets cost 5-12 euros.

Every person living in the country can afford to buy clothes, have fun and develop even for a minimal payment. Most migrants move to live in this country because of the ratio of living prices to wages.