Latvia Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$347

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$18

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$17

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$1,172

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Latvia Cost of Living trends and investment implications

Market Overview

For expats and remote workers, Latvia offers a relatively affordable cost of living, with utility and internet expenses being manageable compared to average salaries. While costs have gradually increased, they remain competitive, making Latvia an attractive option for digital nomads seeking cost-efficient living without compromising connectivity.

Key Findings

Data-driven insights

•Basic utilities, including electricity, heating, cooling, water, and garbage, average around $150 per month.
•High-speed internet costs approximately $25 per month, with mobile plans starting at $10 per month.
•The average monthly salary in Latvia is about $1,200, with utilities consuming approximately 12.5% of income.
•Remote workers can expect good internet infrastructure, with average speeds around 100 Mbps, suitable for most remote work needs.

Market Trends

Historical patterns

•Utility costs have risen by an average of 3% annually over the past decade, slightly outpacing salary increases.
•Internet and mobile costs have decreased by about 1.5% annually over the last 15 years due to competition and technological advancements.
•Overall living expenses have become moderately more affordable due to steady economic growth and salary increases.

For Investors

Actionable takeaways

•Expats should budget approximately $185 per month for utilities and connectivity, providing a buffer for occasional fluctuations.
•Current utility costs represent a manageable portion of average salaries, making Latvia affordable for average earners.
•Digital nomads will find Latvia offers excellent value, with reliable internet and low living costs enhancing its appeal.
•Investors should monitor utility cost trends, as sustained increases may affect long-term affordability for residents.

Market Context

Compared to its Baltic neighbors and other East European countries, Latvia offers competitive living costs with strong internet infrastructure. This positions it as a favorable destination for expats and digital nomads, balancing affordability with quality of life.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.