When considering a move or a long-term stay in Krakow, one of the main concerns is understanding what constitutes a good salary for a comfortable life. In this post, we’ll break down the factors that define a “comfortable life” and the salary needed to achieve it in Krakow.
Cost of living in Krakow
Before discussing salary figures, it’s essential to understand the cost of living in Krakow. As of January 2024, Krakow is generally more affordable than many Western European cities but slightly more expensive than some other cities in Poland. Key expenses include housing, food, transportation, health care and leisure activities.
Housing
Rent: The cost of renting an apartment in Krakow varies depending on the location and size. A one-bedroom apartment in the city centre may cost between PLN 2000 and PLN 3000 per month, while outside the center, the price may drop to around PLN 1500 to PLN 2500.
Utilities: Monthly utility bills, including electricity, heating, cooling, water, and garbage, typically range from PLN 400 to PLN 600.
Food and groceries
Groceries: For a single person, monthly grocery bills can range from PLN 600 to PLN 2000, depending on eating habits and preferences.
Dining Out: A meal at an inexpensive restaurant may cost around PLN 20 to PLN 30, while a three-course meal at a mid-range restaurant might be between PLN 100 and PLN 150.
Transportation
Public transportation: A monthly pass for public transportation is relatively affordable, costing around PLN 100.
Personal vehicle: If you own a car, consider fuel, maintenance and insurance costs.
Health care and insurance
Health Insurance: While Poland has a public health care system, many expats and locals opt for private health insurance for faster and more comprehensive services, costing around PLN 80-600 PLN per month, depending on the package.
Leisure and miscellaneous
Entertainment: Cinema tickets, gym memberships and other leisure activities can add an additional PLN 200 to PLN 400 to your monthly budget.
What is a good salary in Krakow?
Considering the above costs, a good salary in Krakow that allows for a comfortable life, including occasional dining out, entertainment and savings, would ideally be in the range of PLN 7000 to PLN 10,000 after taxes. This figure provides a balance between covering essential living costs and enjoying what the city has to offer, with some financial security.
For families, the required salary would be higher, depending on the number of dependents and specific needs such as schooling for children.
Factors influencing salary expectations
Job Industry: Salaries in Krakow vary significantly across different sectors. IT, finance and international business tend to offer higher salaries. As with most places, your experience and educational background play a crucial role in determining your salary. Being able to negotiate your salary effectively can make a significant difference.
Conclusion
A comfortable life in Krakow is attainable with a good salary that adequately covers living expenses while allowing for leisure and savings. While PLN 7000 to PLN 10,000 is a general benchmark for individuals, remember that personal circumstances and lifestyle choices will influence the exact amount needed. Krakow offers a unique blend of historical charm, modern amenities and a lower cost of living compared to many Western cities, making it an appealing destination for those seeking a balance between affordability and quality of life.
