Cost of Living Comparison Between Finland and Latvia 
| Indices Difference |  |
|---|---|
| Cost of Living in Latvia is 24.9% lower than in Finland (excluding rent) | |
| Cost of Living Including Rent in Latvia is 29.3% lower than in Finland | |
| Rent Prices in Latvia are 47.2% lower than in Finland | |
| Restaurant Prices in Latvia are 30.5% lower than in Finland | |
| Groceries Prices in Latvia are 30.1% lower than in Finland | |
| Local Purchasing Power in Latvia is 38.4% lower than in Finland | |
Restaurants | Finland Edit |
Latvia Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant | €15.00 | €12.00 | -20.0 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | €80.00 | €57.50 | -28.1 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | €11.00 | €7.00 | -36.4 % |
| Domestic Draft Beer (1 Pint) | €7.50 | €4.50 | -40.0 % |
| Imported Beer (12 oz Small Bottle) | €8.00 | €4.00 | -50.0 % |
| Cappuccino (Regular Size) | €4.40 | €2.89 | -34.2 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) | €2.68 | €1.44 | -46.2 % |
| Bottled Water (12 oz) | €2.04 | €1.14 | -44.1 % |
Markets | Finland Edit |
Latvia Edit | |
| Milk (Regular, 1 Liter) | €1.18 | €1.11 | -6.1 % |
| Fresh White Bread (1 lb Loaf) | €2.11 | €1.26 | -40.2 % |
| White Rice (1 lb) | €1.09 | €1.11 | +1.6 % |
| Eggs (12, Large Size) | €3.07 | €3.03 | -1.3 % |
| Local Cheese (1 lb) | €3.60 | €4.35 | +20.7 % |
| Chicken Fillets (1 lb) | €5.47 | €3.24 | -40.8 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) | €9.02 | €5.43 | -39.8 % |
| Apples (1 lb) | €1.06 | €0.80 | -25.2 % |
| Bananas (1 lb) | €0.85 | €0.73 | -14.5 % |
| Oranges (1 lb) | €1.01 | €0.99 | -1.7 % |
| Tomatoes (1 lb) | €1.72 | €1.34 | -22.2 % |
| Potatoes (1 lb) | €0.51 | €0.40 | -20.8 % |
| Onions (1 lb) | €0.71 | €0.40 | -44.3 % |
| Lettuce (1 Head) | €1.91 | €1.59 | -16.8 % |
| Bottled Water (50 oz) | €1.61 | €0.80 | -50.4 % |
| Bottle of Wine (Mid-Range) | €13.25 | €7.00 | -47.2 % |
| Domestic Beer (16.9 oz Bottle) | €3.12 | €1.60 | -48.6 % |
| Imported Beer (12 oz Small Bottle) | €3.24 | €1.80 | -44.4 % |
| Cigarettes (Pack of 20, Marlboro) | €11.50 | €5.10 | -55.7 % |
Transportation | Finland Edit |
Latvia Edit | |
| One-Way Ticket (Local Transport) | €3.20 | €1.50 | -53.1 % |
| Monthly Public Transport Pass (Regular Price) | €62.50 | €30.00 | -52.0 % |
| Taxi Start (Standard Tariff) | €8.00 | €3.00 | -62.6 % |
| Taxi 1 mile (Standard Tariff) | €2.05 | €1.14 | -44.3 % |
| Taxi 1 Hour Waiting (Standard Tariff) | €60.00 | €11.00 | -81.7 % |
| Gasoline (1 Liter) | €1.83 | €1.67 | -8.8 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | €32,706.00 | €24,388.00 | -25.4 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | €32,689.67 | €27,394.12 | -16.2 % |
Utilities (Monthly) | Finland Edit |
Latvia Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) | €124.16 | €273.94 | +120.6 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | €25.50 | €16.86 | -33.9 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | €22.71 | €16.89 | -25.6 % |
Sports And Leisure | Finland Edit |
Latvia Edit | |
| Monthly Fitness Club Membership | €39.48 | €37.57 | -4.9 % |
| Tennis Court Rental (1 Hour, Weekend) | €26.33 | €29.57 | +12.3 % |
| Cinema Ticket (International Release) | €15.75 | €9.00 | -42.9 % |
Childcare | Finland Edit |
Latvia Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | €341.25 | €495.94 | +45.3 % |
| International Primary School, Annual Tuition per Child | €9,510.33 | €15,000.00 | +57.7 % |
Clothing And Shoes | Finland Edit |
Latvia Edit | |
| Jeans (Levi's 501 or Similar) | €87.00 | €71.14 | -18.2 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | €35.92 | €41.32 | +15.0 % |
| Nike Running Shoes (Mid-Range) | €90.01 | €75.40 | -16.2 % |
| Men's Leather Business Shoes | €131.10 | €119.56 | -8.8 % |
Rent Per Month | Finland Edit |
Latvia Edit | |
| 1 Bedroom Apartment in City Centre | €775.36 | €386.68 | -50.1 % |
| 1 Bedroom Apartment Outside of City Centre | €623.85 | €274.38 | -56.0 % |
| 3 Bedroom Apartment in City Centre | €1,333.94 | €794.38 | -40.4 % |
| 3 Bedroom Apartment Outside of City Centre | €1,027.73 | €531.69 | -48.3 % |
Buy Apartment Price | Finland Edit |
Latvia Edit | |
| Price per Square Feet to Buy Apartment in City Centre | €406.62 | €210.72 | -48.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre | €238.62 | €132.78 | -44.4 % |
Salaries And Financing | Finland Edit |
Latvia Edit | |
| Average Monthly Net Salary (After Tax) | €2,611.88 | €1,137.73 | -56.4 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 3.87 | 4.08 | +5.6 % |
| Last update: | 15 June 2026 | 7 June 2026 | |
| Contributors in the past 12 months: | 313 | 163 | |
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