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Cost of Living in Latvia | Expat Exchange
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Cost of Living in Latvia

By Betsy Burlingame

Last updated on Oct 09, 2023

Summary: The cost of living in Latvia is generally considered to be quite affordable. A nice one bedroom apartment in Latvia can cost anywhere from $400 to $800 per month, while a nice two bedroom apartment can cost from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Latvia is usually around $15 to $20 per person.

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Is the cost of living in Latvia high?

We asked people how much they someone comfortably live on in Latvia, they wrote:

"The cost of living in Latvia is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other European countries. Rent prices can vary depending on the location, but are generally lower than in other European countries. Eating out can also be quite affordable, with many restaurants offering meals for a reasonable price. Overall, Latvia is a great place to live if you are looking for an affordable lifestyle," said one expat in Latvia.

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Will I save money living in Latvia?

"Living in Latvia can be significantly cheaper than living in the United States. The cost of living in Latvia is generally lower than in the United States, with rent, groceries, and other everyday expenses costing much less. Additionally, Latvia has a lower tax rate than the United States, which can help to reduce the overall cost of living," remarked one in Latvia.

What is the average cost of housing in Latvia?

If you are thinking about moving to Latvia, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Latvia varies depending on the location and type of property. Generally, the average cost of renting an apartment in Latvia is relatively affordable compared to other European countries. Prices for apartments in the capital city of Riga range from around €400 to €1,000 per month, while prices for apartments in other cities and towns are usually lower," explained one expat living in Latvia.

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Learn MoreGet Quote

Cigna Global Health

With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family. We provide the reassurance of comprehensive core cover, and the flexibility of adding as many extra benefits as you want to ensure you have a plan perfectly suited to your needs.

Learn MoreGet Quote

What are typical rental prices for expats in Latvia?

"The rental price for a nice 1 bedroom apartment in Latvia can vary depending on the location and amenities, but generally ranges from around $400 to $800 per month. For a nice 2 bedroom apartment, the rental price can range from around $600 to $1,200 per month," wrote one expat.

What appliances are typically included in a rental?

We asked foreigners in Latvia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Latvia, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, microwave, and clothes dryer. Depending on the property, additional amenities such as air conditioning, a television, and internet access may also be included," said one expat living in Latvia.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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