When considering a move or an extended stay in Krakow, understanding the cost of living is crucial for budget planning and lifestyle adjustments. Let’s look at the various aspects of the cost of living in Krakow to provide you with a comprehensive overview.
Like almost everywhere else, Krakow has been hit by inflation since 2022. However, for many visitors, the negative impact on living costs will be softened a bit by the relatively weak Polish Zloty, which dropped more than other major currencies. The information below is current as of May 2023.
Accommodation
Accommodation in Krakow ranges from relatively affordable to moderate, depending on the neighbourhood and the type of housing. While the city centre and popular districts like Kazimierz may have higher rental prices, exploring options outside the city centre can reveal more budget-friendly rates.
When it comes to long-term rentals (min. 12 months), a one-bedroom apartment in the city centre can cost around 2,500 to 4,000 PLN per month, while outside the centre, the prices drop to approximately 2,000 to 3,000 PLN.
The cost of short-term rentals in Krakow also varies depending on factors such as location, size, amenities and seasonality. In the city centre and popular districts, the prices tend to be higher, especially during peak tourist seasons. On average, a short-term rental in Krakow can range from around 200 to 500 PLN per night for a one-bedroom apartment, while for larger accommodations or more luxury properties you can expect higher rates. Expect to pay even more on national holidays.
Food and drink
As for groceries and dining out, Krakow offers a range of choices to suit various budgets. Local markets and supermarkets provide reasonably priced groceries, allowing you to cook your meals at home economically. On average, a monthly grocery bill for a single person can range from 900 to 3000 PLN, depending on your diet. Check our guide on grocery stores in Krakow.
For those who prefer dining out occasionally, Krakow has numerous affordable restaurants where you can enjoy a satisfying meal for around 25 to 60 PLN per person, whereas a three-course meal in a mid-range restaurant can set you back around 70-150 PLN.
Transportation
Transportation costs in Krakow are relatively low compared to many other European cities. The efficient and well-connected public transportation system, including trams and buses, offers affordable options for getting around the city. A monthly public transportation pass costs around 150 PLN, and taxis or ride-sharing services are also available at reasonable rates.
Entertainment
Entertainment and leisure activities in Krakow are diverse and cater to various budgets. Exploring the city’s historical landmarks, such as Wawel Castle and St. Mary’s Basilica, often comes with affordable or even free entry fees.
Krakow also hosts numerous cultural events, festivals, and concerts throughout the year, providing entertainment options for all budgets.
When it comes to going out, a 0.5 litre draught beer will cost around 9-15 PLN. However, many of the bars and clubs are free to enter. If you’re looking for a caffeine fix while you’re out and about, expect to pay around 8-16 PLN for a regular coffee or cappuccino.
Health care
Krakow has a well-established healthcare system with both public and private options. Public healthcare in Poland is generally affordable, and many expats choose to obtain private health insurance to have access to a wider range of services and shorter waiting times. Private health insurance costs around 100-300 PLN per month for a one-year policy.
Despite the ongoing inflation, Krakow offers a relatively low cost of living compared to other major European cities, making it an appealing destination for those seeking an affordable yet culturally rich lifestyle. With careful budgeting and planning, it is possible to enjoy a comfortable life without straining your finances.
Sources
https://www.numbeo.com/cost-of-living/in/Krakow-Cracow
https://rankomat.pl/ubezpieczenia-zdrowotne
https://ztp.krakow.pl/en/public-transport/kmk-public-transport/kmk-ticket-guide
