Cost of Living
Currency
The Czech currency is the koruna (crown, abbreviated as Kč in Czech and CZK in English), which is made up of 100 haléřů (hellers, abbreviated hal.). Although hellers are still present on price labels, they are no longer in circulation. Coins in the following denominations are in circulation: 1 crown, 2 crowns, 5 crowns, 10 crowns, 20 crowns and 50 crowns. In addition there are the following notes: 100 crowns, 200 crowns, 500 crowns, 1,000 crowns, 2,000 crowns and 5,000 crowns.
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Cost of Living
Brno offers a high quality of life for quite an affordable price. The cost of living is slightly lower in the Czech Republic compared to other EU countries, and you will be able to live comfortably without spending large sums of money. How much money will you actually need during your studies at MU? This mainly depends on your spending habits. However, approximate costs that may help you budget for your life here are given below:
Basic costs of living
- University residence with roommates: approximately 130-280 EUR/bed/month
- Private apartment with roommates: 300-600 EUR/bedroom/month
- Meal in a student canteen: 4-6 EUR
- DPMB student transportation pass:
- for students < 26 y/o: 11 EUR/month or 27 EUR/3 months
- for students > 26 y/o: 22 EUR/month or 54 EUR/3 months
The EXPATISTAN website shows you a more detailed overview of living costs in Brno which you may find useful.
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Bank Accounts
It is not necessary for international exchange students to open a Czech bank account. There are other ways to pay the rent in the halls of residence. To get the accommodation scholarship, there has to be a Czech account number put in the Information System. However, it is possible to put one account number for various people, so there is an option to use a friend’s Czech account number if you do not want to open your own.
Comprehensive brochure on Financial Services in the Czech Republic. There are also tips on banks offering student accounts for free in the Survival Kit you get during Admission.
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