Cost of Living in Riga, Latvia
Last updated on Dec 07, 2024
Summary: The cost of living in Riga, Latvia is generally considered to be quite affordable. A nice 1 bedroom apartment in Riga can cost anywhere from $400 to $800 per month, while a nice 2 bedroom apartment can cost from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Riga is usually around $15 to $20 per person.
Is the cost of living in Riga high?
We asked people how much they someone comfortably live on in Riga, they wrote:
"The cost of living in Riga is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other European cities. Eating out can be quite affordable, with a meal at a mid-range restaurant costing around 10-15 euros. Rent prices can vary depending on the area, but generally range from around 300-500 euros per month for a one-bedroom apartment," said one expat in Riga.
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Will I save money living in Riga?
"Living in Riga can be significantly cheaper than living in the United States. The cost of living in Riga is much lower than in the US, with rent, groceries, and other everyday expenses costing significantly less. Additionally, the cost of transportation, entertainment, and other services are also much lower in Riga than in the US. As a result, living in Riga can be a great way to save money compared to living in the US," said one expat in Riga.
What is the average cost of housing in Riga?
If you are thinking about moving to Riga, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Riga is generally quite affordable compared to other European cities. The average price for a one-bedroom apartment in the city center is around €500-700 per month, while outside the city center the average price is around €400-500 per month. Prices for larger apartments can be higher, but still remain relatively affordable," explained one expat.
What are typical rental prices for expats in Riga?
"The rental price for a nice 1 bedroom apartment in Riga can range from around $500 to $1,000 per month, depending on the location and amenities. For a nice 2 bedroom apartment, the rental price can range from around $700 to $1,500 per month, again depending on the location and amenities," remarked one expat living in Riga.
What appliances are typically included in a rental?
We asked foreigners in Riga 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:
"Rental properties in Riga typically include a refrigerator, stove, oven, washing machine, and dishwasher. Other common appliances may include a microwave, toaster, and coffee maker. Depending on the property, some may also include a clothes dryer," remarked one expat living in Riga.
About the Author
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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