Prague ranks among the cheapest cities to move to

The Czech capital was 20th but other CEE cities are still cheaper

Prague is one of 20 cities where foreigners face the lowest initial costs after relocating. Transportation and meals are inexpensive, but apartment rents are a bit high. Germany-based relocation firm Movinga.de ranked costs in 75 cities worldwide for the first month including rent for a flat in the city center, setting up a phone, food and drink, and transportation.

“Berlin, Paris, Frankfurt, Dublin and Amsterdam; these are all cities that may be preparing for an influx of banking industry workers due to Brexit,” Movinga managing director Finn Hänsel said in a news release. “Among the factors that the directors of the banks will have to take into consideration for relocating will be the cost of relocating for employees. Therefore, studies like this will be very important in years to come.”

The highest costs were in Luanda, the capitol of Angola. The first month's costs are €3,259.32. New York City came in second, followed by San Francisco in the US state of California and Zurich, Switzerland. London rounds out the top five.

Prague came in 56th place out of the 75 cities, with 75th being cheapest. Average costs for the first month are €865.14. Prague was in 48th place for rent for a 35 square meter flat, 52nd place for phone setup. 61st place for food and drink, and 66th place for transportation.

Prague was not the cheapest city in Europe, though, and actually was more expensive than many other capitals in the CEE region. Bucharest came in 72nd place with average costs for the first month at €583.07. Sofia, Bulgaria is in 70th place, while Riga is 67th, Budapest is 66th, Warsaw is 63rd, Athens is 61st, and Tallinn is 60th.

In Europe, the cheapest food and drink was in Moscow, followed closely by Bucharest. The lowest European rents were in Bucharest and Riga, and the lowest transport costs were in Bucharest and Prague. Phone setup in Warsaw was calculated as the lowest of the 75 ranked cities at just €4.99, the lowest both in Europe and the world.

Worldwide, the cheapest cities for the first month are Tunis, at €397.80, followed by Bangalore, Cairo, Bucharest and Medellin.

To see the complete index, go to www.movinga.de (ENG)

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