Cost of Living Comparison Between Finland and Latvia 
| Indices Difference |  |
|---|---|
| Consumer Prices in Latvia are 22.1% lower than in Finland (without rent) | |
| Consumer Prices Including Rent in Latvia are 26.6% lower than in Finland | |
| Rent Prices in Latvia are 42.2% lower than in Finland | |
| Restaurant Prices in Latvia are 29.6% lower than in Finland | |
| Groceries Prices in Latvia are 31.4% lower than in Finland | |
| Local Purchasing Power in Latvia is 44.1% lower than in Finland | |
Restaurants | Finland Edit |
Latvia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 14.00 € | 10.00 € | -28.6 % |
| 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 € | 4.00 € | -42.9 % |
| Imported Beer (12 oz small bottle) | 7.00 € | 3.55 € | -49.3 % |
| Cappuccino (regular) | 4.15 € | 2.88 € | -30.7 % |
| Coke/Pepsi (12 oz small bottle) | 2.51 € | 1.43 € | -43.2 % |
| Water (12 oz small bottle) | 1.72 € | 1.14 € | -33.9 % |
Markets | Finland Edit |
Latvia Edit | |
| Milk (regular), (1 gallon) | 4.01 € | 4.30 € | +7.2 % |
| Loaf of Fresh White Bread (1 lb) | 2.19 € | 1.20 € | -45.1 % |
| Rice (white), (1 lb) | 1.07 € | 1.22 € | +14.4 % |
| Eggs (regular) (12) | 2.92 € | 2.51 € | -13.9 % |
| Local Cheese (1 lb) | 3.49 € | 4.47 € | +28.0 % |
| Chicken Fillets (1 lb) | 5.08 € | 2.97 € | -41.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.49 € | 4.79 € | -43.5 % |
| Apples (1 lb) | 1.00 € | 0.59 € | -41.6 % |
| Banana (1 lb) | 0.79 € | 0.73 € | -7.5 % |
| Oranges (1 lb) | 0.98 € | 0.94 € | -4.0 % |
| Tomato (1 lb) | 1.70 € | 1.33 € | -21.7 % |
| Potato (1 lb) | 0.54 € | 0.34 € | -37.3 % |
| Onion (1 lb) | 0.74 € | 0.42 € | -42.8 % |
| Lettuce (1 head) | 1.82 € | 1.39 € | -23.4 % |
| Water (1.5 liter bottle) | 1.61 € | 0.78 € | -51.4 % |
| Bottle of Wine (Mid-Range) | 12.75 € | 7.00 € | -45.1 % |
| Domestic Beer (0.5 liter bottle) | 2.82 € | 1.53 € | -45.8 % |
| Imported Beer (12 oz small bottle) | 3.31 € | 1.80 € | -45.7 % |
| Cigarettes 20 Pack (Marlboro) | 10.00 € | 4.50 € | -55.0 % |
Transportation | Finland Edit |
Latvia Edit | |
| One-way Ticket (Local Transport) | 3.00 € | 1.50 € | -50.0 % |
| Monthly Pass (Regular Price) | 59.00 € | 30.00 € | -49.2 % |
| Taxi Start (Normal Tariff) | 7.00 € | 2.00 € | -71.4 % |
| Taxi 1 mile (Normal Tariff) | 2.41 € | 1.37 € | -43.3 % |
| Taxi 1hour Waiting (Normal Tariff) | 50.00 € | 10.00 € | -80.0 % |
| Gasoline (1 gallon) | 7.37 € | 6.37 € | -13.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 28,550.00 € | 23,325.00 € | -18.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 29,672.78 € | 24,089.06 € | -18.8 % |
Utilities (Monthly) | Finland Edit |
Latvia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 119.65 € | 300.05 € | +150.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 26.40 € | 17.63 € | -33.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 20.96 € | 15.58 € | -25.7 % |
Sports And Leisure | Finland Edit |
Latvia Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 41.01 € | 41.71 € | +1.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 24.36 € | 22.85 € | -6.2 % |
| 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 | 296.08 € | 432.09 € | +45.9 % |
| International Primary School, Yearly for 1 Child | 8,778.52 € | 12,434.40 € | +41.6 % |
Clothing And Shoes | Finland Edit |
Latvia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 82.51 € | 78.52 € | -4.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 33.68 € | 43.64 € | +29.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 81.03 € | 84.13 € | +3.8 % |
| 1 Pair of Men Leather Business Shoes | 112.51 € | 114.32 € | +1.6 % |
Rent Per Month | Finland Edit |
Latvia Edit | |
| Apartment (1 bedroom) in City Centre | 790.83 € | 464.68 € | -41.2 % |
| Apartment (1 bedroom) Outside of Centre | 643.79 € | 317.21 € | -50.7 % |
| Apartment (3 bedrooms) in City Centre | 1,313.00 € | 831.67 € | -36.7 % |
| Apartment (3 bedrooms) Outside of Centre | 1,020.28 € | 564.06 € | -44.7 % |
Buy Apartment Price | Finland Edit |
Latvia Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 486.98 € | 222.97 € | -54.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 321.18 € | 138.01 € | -57.0 % |
Salaries And Financing | Finland Edit |
Latvia Edit | |
| Average Monthly Net Salary (After Tax) | 2,597.58 € | 1,064.49 € | -59.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.42 | 4.23 | +23.7 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 489 | 260 |
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