CostTrek

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Milan vs Prague

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

Milan, IT vs Prague, CZ at a glance — Prague, CZ is 27% cheaper than Milan, IT overall. Median 1-bed rent runs about $950/mo versus $1,500/mo. Top income tax: 23% vs 43%.

$/ year

To keep the same standard of living in Prague, CZ, you'd need

$54,710 / year

Prague, CZ is 27% cheaper overall

Category breakdown (Prague, CZ vs Milan, IT)

  • Housing-35%
  • Food & groceries-26%
  • Transport-25%
  • Utilities-17%
  • Healthcare-21%
  • Goods & services-23%

◎ How Milan, IT and Prague, CZ compare

HousingFood & groceriesTransportUtilitiesHealthcareGoods & services
Milan, ITPrague, CZ

Index vs the US average — the line marks 100. Lower is cheaper.

▤ Full comparison

Milan, ITPrague, CZ
Cost of living
Overall cost index11181
Housing13588
Food10578
Transport8060
Utilities120100
Healthcare8265
Goods & services10682
Housing
Rent, 1-bed centre$1,500/mo$950/mo
Rent, 1-bed outside$1,150/mo$720/mo
Rent, 3-bed centre$3,000/mo$1,800/mo
Buy price / m² centre$8,500$5,500
Money & purchasing power
$1,000 goes as far as$902$1,236
Inexpensive meal$16$9
Monthly transit pass$42$25
Taxes
Income tax (top rate)43%23%
VAT / sales tax22%21%
Corporate tax24%21%
Capital gains26%—
Economy & salaries
Avg net salary$1,900/mo$1,400/mo
Avg annual wage (OECD, PPP)$53,864✓$43,607✓
Minimum wage—$1,070/mo✓
GDP per capita$43,309✓$31,368✓
Inflation (annual)1.5%✓2.4%✓
Work & digital nomad
Digital-nomad visaYesYes
English proficiencyModerateModerate
Coworking spaces6040
Time zoneUTC+1UTC+1
Quality of life
Quality of life (overall)6673
Safety index5575
Healthcare index8075
Pollution index7040
Internet speed120 Mbps150 Mbps
Walkability8582
Public transport8285
Family-friendly6470
Tap waterSafe to drinkSafe to drink
Life expectancy84 yr✓80 yr✓
LGBTQ+ acceptanceModerateModerate
Climate
January avg+3 °C0 °C
July avg+24 °C+19 °C
Sunny days / year130170
Rainfall / year1,000 mm500 mm
Connectivity
Flight to nearest hub1 h1 h

Taxes & Economy & salaries: Italy vs Czech Republic. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

✓ = official statistics (OECD (PPP), Eurostat 2026, World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →

Cost of living: Milan vs Prague — in your currency

MilanPrague
1-bed rent, city centre$1,500$950
1-bed rent, outside centre$1,150$720
Inexpensive meal$16$9
Monthly transit pass$42$25
Utilities (monthly)$190$200

Converted from USD at approximate rates (2026-09).

Good to know before you move to Milan

Italy's business, finance and fashion capital — the country's best job market, at its highest prices.

Currency
Euro (€ EUR)
Languages
Italian
Time zone
UTC+1
Internet
120 Mbps
English
Fairly common
Safety
55/100
Climate
❄ 3°C · ☀ 24°C · 130 sunny days/yr
Tap water
Safe to drink
Power
F/L · 230V
Driving
Right-hand side
Popular areas
Navigli · Brera · Isola

Good to know before you move to Prague

A fairy-tale capital of Gothic spires and Baroque squares that doubles as one of Central Europe's biggest expat and IT hubs — Western-quality living at noticeably lower prices, though rents have climbed fast.

Currency
Czech koruna (Kč CZK)
Languages
Czech
Time zone
UTC+1
Internet
150 Mbps
English
Fairly common
Safety
75/100
Climate
❄ 0°C · ☀ 19°C · 170 sunny days/yr
Tap water
Safe to drink
Power
E · 230V
Driving
Right-hand side
Popular areas
Vinohrady · Žižkov · Karlín · Malá Strana

? Frequently asked questions

Moving from Milan to Prague: cheaper or more expensive?

Moving from Milan to Prague, your cost of living will be roughly 27% cheaper. Prague’s cost-of-living index is 81 versus 111 for Milan (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.

Is Milan cheaper than Prague?

Prague is about 27% cheaper than Milan overall — its cost-of-living index is 81 versus 111 for Milan.

Which is more expensive, Milan or Prague?

Milan is more expensive than Prague. Its cost-of-living index is 111 vs 81 (US = 100) — about 37% higher.

Is rent cheaper in Milan or Prague?

Rent is cheaper in Prague — about $950/month for a one-bedroom in the city centre, vs $1,500 in Milan.

How much do you need to earn in Prague to live like in Milan?

To keep the same standard of living, a $75,000 salary in Milan is worth about $54,710 in Prague. Enter your own figure in the calculator above.

Which has lower taxes, Milan or Prague?

Czech Republic has the lower top income-tax rate — 23% versus 43% in Italy.

◷ More comparisons from Milan

How we calculate these figures →

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.