The Cost of Living in Latvia | An Expert Guide

Latvia, a Baltic nation and member of the European Union, offers a compelling combination of historical charm and modern development at relatively affordable prices. With a population of approximately 1.9 million people, Latvia provides a high quality of life while maintaining lower living costs than many Western European countries.

Latvia's economy has shown strong growth since joining the EU, with particular strength in services, IT, and digital sectors. The country has positioned itself as an emerging tech hub, especially in its capital Riga, while maintaining strong connections to both Eastern and Western European markets.

The expatriate community in Latvia is concentrated primarily in Riga, with smaller populations in cities like Jurmala and Daugavpils. Many are drawn by opportunities in the tech sector, international business, and education, along with the country's relatively affordable living costs and growing startup ecosystem.

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Regional Comparison

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Housing Costs in Latvia

Housing costs in Latvia vary significantly between Riga and other cities. In Riga's center, a one-bedroom apartment typically rents for 450-650 EUR monthly, while similar accommodations in residential districts range from 300-450 EUR. Other cities offer more affordable options, with city center apartments typically costing 250-400 EUR monthly. Most rentals require two months' deposit and utilities are usually paid separately.

Summary:

• Rent, 1-bedroom apartment (Riga center): 450-650 EUR/month
• Rent, 1-bedroom apartment (Riga residential): 300-450 EUR/month
• Rent, 1-bedroom apartment (other cities): 250-400 EUR/month

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Food Costs in Latvia

Food expenses in Latvia are moderate by European standards. A meal at a casual restaurant costs 8-15 EUR, while dinner at an upscale restaurant might run 25-40 EUR per person. Monthly grocery shopping at supermarkets like Rimi or Maxima typically costs 200-300 EUR for one person, though shopping at local markets can reduce costs. Local seasonal products offer particularly good value.

Summary:

• Casual restaurant meal: 8-15 EUR
• Upscale dinner: 25-40 EUR
• Monthly groceries (1 person): 200-300 EUR

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Transportation Costs in Latvia

Public transportation in Latvian cities is efficient and affordable. In Riga, a monthly pass costs around 50 EUR for unlimited travel, while individual journeys cost 1.15-2 EUR. Taxis and ride-sharing services are readily available, with a 5km journey typically costing 7-10 EUR. Many residents rely on public transport due to its reliability and good coverage.

Summary:

• Public transport monthly pass: 50 EUR
• Single journey ticket: 1.15-2 EUR
• Taxi (5km journey): 7-10 EUR

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Healthcare Costs in Latvia

Healthcare in Latvia operates through both public and private systems. The public system is available to residents through state insurance, while private health insurance typically costs 50-100 EUR monthly per person. A consultation at a private clinic costs 35-70 EUR, while specialist visits range from 50-100 EUR. Many expatriates use a combination of public and private healthcare.

Summary:

• Private health insurance: 50-100 EUR/month
• Private doctor consultation: 35-70 EUR
• Specialist visit: 50-100 EUR

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Utility Costs in Latvia

Utility costs in Latvia can be substantial, particularly during the long winter months. Monthly utilities including electricity, heating, water, and garbage collection typically range from 100-200 EUR for an apartment, with significant seasonal variation. Internet service costs 15-25 EUR monthly for high-speed connections. Mobile phone plans with data typically range from 10-20 EUR monthly.

Summary:

• Basic utilities: 100-200 EUR/month
• Internet: 15-25 EUR/month
• Mobile phone plan: 10-20 EUR/month

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Example Monthly Expenses in Latvia

Average monthly expenses for a single person living in Riga:

• Rent (1-bedroom, decent area): 500 EUR
• Utilities: 150 EUR
• Food: 250 EUR
• Transportation: 50 EUR
• Healthcare (insurance): 75 EUR
• Internet/Phone: 30 EUR
• Entertainment: 200 EUR
• Total: 1,255 EUR

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Cost of Living vs Quality of Life Correlation

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If you want to know more about Latvia and the cost of living there you can also check out the Latvia page.