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Expat Exchange - Cost of Living in Olomouc 2024
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Cost of Living in Olomouc

By Betsy Burlingame

Urban Address Prague
Urban Address Prague

Summary: If you're moving to Olomouc, understanding the the cost of living in Olomouc helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Details Cost
Apartment Rentals 1-bedroom apartment in city center 12,000 - 15,000 CZK per month
1-bedroom apartment outside city center 9,000 - 12,000 CZK per month
Apartment Purchases Price per square meter in city center 45,000 - 60,000 CZK
Price per square meter outside city center 35,000 - 45,000 CZK
Transportation One-way ticket (local transport) 20 CZK
Monthly pass (local transport) 550 CZK
Taxi (1 km) 20 CZK
Gasoline (1 liter) 30 CZK
Groceries Milk (1 liter) 16 CZK
Bread (500g) 25 CZK
Rice (1 kg) 40 CZK
Chicken breasts (1 kg) 150 CZK
Restaurants Meal at an inexpensive restaurant 120 CZK
Meal for two at a mid-range restaurant 600 CZK
Domestic beer (0.5-liter draught) 30 CZK
Cappuccino (regular) 40 CZK
Utilities Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment 3,500 - 5,000 CZK per month
Internet (60 Mbps or more, unlimited data, cable/ADSL) 400 - 600 CZK per month
Mobile tariff (1 minute, no discounts or plans) 2 CZK
Private School Tuition Preschool 3,000 - 6,000 CZK per month
Elementary School 5,000 - 10,000 CZK per month
Middle School 6,000 - 12,000 CZK per month
High School 8,000 - 15,000 CZK per month
The cost of living in Olomoucublic, varies depending on the lifestyle and preferences of the individual. The table above provides an overview of the costs associated with apartment rentals, apartment purchases, transportation, groceries, restaurants, utilities, and private school tuition for preschool, elementary school, middle school, and high school.Apartment rentals in Olomouc range from 12,000 to 15,000 CZK per month for a 1-bedroom apartment in the city center, while the same apartment outside the city center would cost between 9,000 and 12,000 CZK per month. The cost of purchasing an apartment in the city center is between 45,000 and 60,000 CZK per square meter, while outside the city center, the cost is between 35,000 and 45,000 CZK per square meter.Transportation costs in Olomouc are relatively affordable, with a one-way ticket for local transport costing 20 CZK and a monthly pass costing 550 CZK. Taxis charge around 20 CZK per kilometer, and gasoline costs around 30 CZK per liter.Grocery prices in Olomouc are reasonable, with a liter of milk costing 16 CZK, 500 grams of bread costing 25 CZK, a kilogram of rice costing 40 CZK, and a kilogram of chicken breasts costing 150 CZK.Eating out in Olomouc is also affordable, with a meal at an inexpensive restaurant costing around 120 CZK, a meal for two at a mid-range restaurant costing 600 CZK, a 0.5-liter draught of domestic beer costing 30 CZK, and a regular cappuccino costing 40 CZK.Utilities in Olomouc, including electricity

Monthly Budget for Retirees in Olomouc

"The cost of living in Olomoucublic is considered to be relatively affordable compared to other European cities. Rent for a one-bedroom apartment in the city center is quite reasonable, while outside the city center, it is even cheaper. The cost of utilities such as electricity, heating, cooling, water, and garbage is also quite low.When it comes to groceries, prices are moderate. Items like bread, milk, eggs, fruits, and vegetables are reasonably priced. Eating out at an inexpensive restaurant is also quite affordable, while a three-course meal for two people at a mid-range restaurant can be a bit more expensive.Public transportation in Olomouc is efficient and affordable, with options including buses and trams. Alternatively, owning and maintaining a car can be more costly, considering the price of gasoline and parking.Healthcare in Olomouc is of good quality and is relatively affordable. However, the cost can vary depending on whether you have health insurance or not.Overall, the cost of living in Olomouc is lower than in Prague, the capital of the Czech Republic, and much lower than in many Western European cities. However, salaries in Olomouc are also generally lower, which is something to consider when evaluating the cost of living," said one expat living in Olomouc.

Can I live in Olomouc on $1,500 a month?

"I've been living in Olomoucublic for a while now, and I can tell you that it's definitely possible to live comfortably on $1,500 a month, even if you're used to modern amenities. However, you might have to make some sacrifices to make it work. For example, you might need to live in a smaller apartment or share a flat with roommates to save on rent. When it comes to choosing a neighborhood, I'd recommend looking at areas like Nová Ulice, Chválkovice, or Hej?ín. These neighborhoods are more affordable and still offer a good quality of life. You can find a decent one-bedroom apartment in these areas for around $400 to $600 per month. On the other hand, I'd avoid more expensive neighborhoods like the city center or Svatý Kope?ek, where rents can be significantly higher.In terms of other expenses, you'll need to budget for groceries, utilities, and transportation. Groceries can be quite affordable if you shop at local markets and discount stores like Lidl or Penny Market. You can expect to spend around $200 to $300 per month on groceries. Utilities, including electricity, water, and internet, will likely cost you around $100 to $150 per month. Public transportation in Olomouc is quite affordable, with a monthly pass costing around $25. If you prefer to use a car, keep in mind that gas prices can be higher than in the US, so you might need to budget more for transportation costs.Eating out and entertainment can be quite affordable in Olomouc, with many restaurants offering reasonably priced meals. However, if you're used to dining at high-end restaurants or frequenting expensive bars, you might need to cut back on those activities to stay within your budget.Overall, living in Olomouc on $1,500 a month is doable, but you'll need to be mindful of your spending and make some sacrifices in terms of housing and lifestyle choices. But in my experience, the city offers a great quality of life and plenty of opportunities to enjoy its rich culture and history without breaking the bank," commented an expat living in Olomouc.

Can I live in Olomouc on $3,500 a month?

"I've been living in Olomoucublic for a while now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, even if you're used to modern amenities. Of course, you might have to make some sacrifices, but overall, the quality of life here is quite good.First, let's talk about housing. There are several affordable neighborhoods in Olomouc where you can find a nice apartment for a reasonable price. I'd recommend looking into areas like Nová Ulice, Chválkovice, or Hej?ín. These neighborhoods are not too far from the city center, and you can find a decent one-bedroom apartment for around $500 to $600 a month. On the other hand, if you're looking for something more upscale, you might want to avoid neighborhoods like the city center or Svatý Kope?ek, as these areas tend to be more expensive.When it comes to transportation, the public transport system in Olomouc is quite efficient and affordable. A monthly pass for public transport costs around $25, which is a great deal compared to what you might be used to in other countries. If you prefer to drive, keep in mind that gas prices can be a bit higher than in the US, but it's still manageable within your budget.As for groceries and dining out, you'll find that the cost of living in Olomouc is quite reasonable. You can easily find fresh produce and other groceries at local markets or supermarkets for a fraction of the price you might be used to back home. Dining out is also quite affordable, with a decent meal at a mid-range restaurant costing around $10 to $15 per person.In terms of entertainment and leisure activities, there's plenty to do in Olomouc without breaking the bank. You can visit the beautiful historic sites, such as the Holy Trinity Column or the Olomouc Castle, for free or at a low cost. There are also plenty of parks and green spaces where you can enjoy outdoor activities. If you're into sports, gym memberships are quite affordable, with prices ranging from $20 to $40 a month.Overall, I think you'll find that living in Olomouc on a $3,000 a month budget is not only possible but also quite comfortable. You might have to make some adjustments and sacrifices, but the quality of life and the affordability of the city make it a great option for expats," said one expat living in Olomouc.

Can I live in Olomouc on $5,000 a month?

"I've been living in Olomouc for a few years now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month here, even if you're used to modern amenities. In fact, you might not have to make many sacrifices at all. Olomouc is a beautiful city with a lower cost of living compared to Prague, so your money will go further here.When it comes to housing, you can find a nice apartment in a good neighborhood for around $800 to $1,200 a month. Some of the more affordable neighborhoods to consider are Nová Ulice, Chválkovice, and Hej?ín. These areas are still close to the city center and have good public transportation connections, so you won't feel isolated. On the other hand, if you're looking for something more upscale, you might want to check out the neighborhoods of Lazce or Svatý Kope?ek. These areas are more expensive, but they offer larger homes and more green spaces.As for other expenses, groceries and dining out are quite affordable in Olomouc. You can expect to spend around $300 to $400 a month on groceries, and eating out at a decent restaurant will usually cost you around $10 to $15 per person. Public transportation is also very affordable, with a monthly pass costing around $25.When it comes to entertainment and leisure activities, there's plenty to do in Olomouc without breaking the bank. There are numerous parks, museums, and historical sites to visit, many of which are free or have a low entrance fee. The city also has a vibrant cultural scene, with regular concerts, theater performances, and festivals throughout the year.Of course, if you're used to certain luxury items or services, you might have to make some adjustments. For example, imported goods and high-end electronics can be more expensive here than in other countries. However, overall, I think you'll find that living in Olomouc on $5,000 a month is not only doable but also quite comfortable," commented an expat living in Olomouc.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


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