MigrantoCost of living in Latvia
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in Latvia
Spending runs from €472 a month in the poorest fifth to €2,720 in the richest
Per person, whole country
€1,080
what a typical person spends in a month
Spending across the population
€472richest 20%
€2,720
Where people spend money in Latvia
One person's out-of-pocket spending, averaged across the whole country
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Key facts
The cost of living in Latvia in numbers
Typical spending takes 86% of the average wage
A typical person spends €1,080 a month while the average take-home wage is €1,260, so 14% of an average wage sits above what a typical person spends.
How living costs in Latvia compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Latvia against other countries
More expensive than 76% of countries
Where Latvia sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs €865 at world-middle prices costs €1,230 here.
Data source: household consumption 2023 (World Bank), International Comparison Program 2021 (World Bank), category breakdown 2022 (Eurostat), adjusted to 2026 using IMF GDP-per-capita growth
Living-cost calculator
What it costs to live in Latvia
Tell us what you earn and spend today — we'll estimate what the same lifestyle would cost in Latvia and how much you could have left each month
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- How much could be left each month
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Cost of living in Latvia
€472/mo
vs €692 in your country
Take-home
€821
vs €1,040 in your country
Potential savings
€349
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Latvia?
A typical person in Latvia spends about €1,080 a month — around €13,000 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Latvia?
By spending, Latvia ranks #44 of 185 countries. A typical person spends about €1,080 a month, the poorest 20% about €472 and the richest 20% about €2,720. The gap between them shows how unevenly people live.
What is the cost of living in Latvia in US dollars?
The cost of living in Latvia is about $1,249 a month, or roughly $14,988 a year per person.
How much money do you need to live comfortably in Latvia?
It all depends on your standard of living. A modest budget runs about €472 a month per person, a typical one around €1,080, and a comfortable life around €1,470. In big cities and for a family, costs are usually higher.
What do people spend the most on in Latvia?
The biggest expense is housing, at about €230 a month (21% of spending). Then come groceries (€213, 20%) and transport (€122, 11%).
Is the average salary in Latvia enough to live on?
In most cases yes, but without much of a cushion. Average spending is about €1,080 a month, while the average take-home pay in Latvia is about €1,260. For more on incomes, see salaries in Latvia.
Is Latvia an expensive country to live in?
Yes. Latvia is more expensive than 77% of countries worldwide and ranks 27th of 41 in Europe by cost of living.
What currency is used in Latvia?
Latvia uses the Euro (EUR). Amounts on this page are shown in it; the currency switcher converts them.
Where to live?
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Living in Latvia
See the full country overview