Cost of Living Comparison Between Finland and Latvia 
| Indices Difference |  |
|---|---|
| Cost of Living in Latvia is 24.7% lower than in Finland (without rent) | |
| Cost of Living Including Rent in Latvia is 29.0% lower than in Finland | |
| Rent Prices in Latvia are 45.8% lower than in Finland | |
| Restaurant Prices in Latvia are 27.9% lower than in Finland | |
| Groceries Prices in Latvia are 31.6% lower than in Finland | |
| Local Purchasing Power in Latvia is 40.2% lower than in Finland | |
Restaurants | Finland Edit |
Latvia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 14.00 € | 11.00 € | -21.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 80.00 € | 60.00 € | -25.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 10.00 € | 7.00 € | -30.0 % |
| Domestic Beer (1 pint draught) | 7.00 € | 4.50 € | -35.7 % |
| Imported Beer (12 oz small bottle) | 7.00 € | 3.85 € | -45.0 % |
| Cappuccino (regular) | 4.17 € | 2.87 € | -31.2 % |
| Coke/Pepsi (12 oz small bottle) | 2.52 € | 1.40 € | -44.6 % |
| Water (12 oz small bottle) | 1.74 € | 1.04 € | -39.9 % |
Markets | Finland Edit |
Latvia Edit | |
| Milk (regular), (1 gallon) | 4.25 € | 4.52 € | +6.3 % |
| Loaf of Fresh White Bread (1 lb) | 2.19 € | 1.28 € | -41.7 % |
| Rice (white), (1 lb) | 1.12 € | 1.21 € | +7.7 % |
| Eggs (regular) (12) | 2.98 € | 2.59 € | -13.1 % |
| Local Cheese (1 lb) | 3.51 € | 4.61 € | +31.2 % |
| Chicken Fillets (1 lb) | 5.59 € | 2.95 € | -47.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.71 € | 4.78 € | -45.1 % |
| Apples (1 lb) | 1.04 € | 0.64 € | -38.8 % |
| Banana (1 lb) | 0.82 € | 0.73 € | -10.7 % |
| Oranges (1 lb) | 1.00 € | 1.02 € | +1.9 % |
| Tomato (1 lb) | 1.74 € | 1.36 € | -21.6 % |
| Potato (1 lb) | 0.55 € | 0.38 € | -31.0 % |
| Onion (1 lb) | 0.76 € | 0.39 € | -48.4 % |
| Lettuce (1 head) | 1.90 € | 1.48 € | -21.9 % |
| Water (1.5 liter bottle) | 1.70 € | 0.75 € | -55.9 % |
| Bottle of Wine (Mid-Range) | 13.00 € | 7.00 € | -46.2 % |
| Domestic Beer (0.5 liter bottle) | 2.93 € | 1.54 € | -47.5 % |
| Imported Beer (12 oz small bottle) | 3.27 € | 1.83 € | -43.8 % |
| Cigarettes 20 Pack (Marlboro) | 10.10 € | 5.00 € | -50.5 % |
Transportation | Finland Edit |
Latvia Edit | |
| One-way Ticket (Local Transport) | 3.00 € | 1.50 € | -50.0 % |
| Monthly Pass (Regular Price) | 60.00 € | 30.00 € | -50.0 % |
| Taxi Start (Normal Tariff) | 7.00 € | 2.29 € | -67.2 % |
| Taxi 1 mile (Normal Tariff) | 2.25 € | 1.21 € | -46.4 % |
| Taxi 1hour Waiting (Normal Tariff) | 56.40 € | 10.00 € | -82.3 % |
| Gasoline (1 gallon) | 7.11 € | 6.25 € | -12.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 30,000.00 € | 24,800.00 € | -17.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 30,326.40 € | 26,021.88 € | -14.2 % |
Utilities (Monthly) | Finland Edit |
Latvia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 124.06 € | 266.30 € | +114.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 26.30 € | 17.18 € | -34.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 21.89 € | 16.73 € | -23.6 % |
Sports And Leisure | Finland Edit |
Latvia Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 40.65 € | 40.37 € | -0.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 24.40 € | 24.36 € | -0.2 % |
| Cinema, International Release, 1 Seat | 15.00 € | 10.00 € | -33.3 % |
Childcare | Finland Edit |
Latvia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 305.84 € | 447.83 € | +46.4 % |
| International Primary School, Yearly for 1 Child | 8,921.38 € | 12,941.18 € | +45.1 % |
Clothing And Shoes | Finland Edit |
Latvia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 86.91 € | 77.35 € | -11.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 34.77 € | 41.72 € | +20.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 86.62 € | 82.48 € | -4.8 % |
| 1 Pair of Men Leather Business Shoes | 114.01 € | 116.77 € | +2.4 % |
Rent Per Month | Finland Edit |
Latvia Edit | |
| Apartment (1 bedroom) in City Centre | 782.12 € | 405.89 € | -48.1 % |
| Apartment (1 bedroom) Outside of Centre | 633.96 € | 297.33 € | -53.1 % |
| Apartment (3 bedrooms) in City Centre | 1,347.18 € | 818.89 € | -39.2 % |
| Apartment (3 bedrooms) Outside of Centre | 1,015.69 € | 526.00 € | -48.2 % |
Buy Apartment Price | Finland Edit |
Latvia Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 474.99 € | 222.01 € | -53.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 297.90 € | 139.72 € | -53.1 % |
Salaries And Financing | Finland Edit |
Latvia Edit | |
| Average Monthly Net Salary (After Tax) | 2,682.74 € | 1,139.62 € | -57.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.76 | 4.34 | +15.5 % |
| Last update: | February 2025 | February 2025 | |
| Contributors in the past 12 months: | 387 | 197 |
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