Certainly, here’s some information on living costs in Latvia for expats:
Wages and salary in Latvia
The average salary in Latvia is around €1,100 per month, but it can vary depending on the industry and level of experience.
Housing costs in Latvia
The cost of renting an apartment in Latvia can range from €250 to €800 per month, depending on the size and location. Buying property can be expensive, with prices varying from €1,200 to €2,500 per square meter in Riga.
Cost of domestic bills in Latvia
The cost of utilities (electricity, water, gas, and heating) can range from €60 to €120 per month, depending on the size of the apartment and usage.
Healthcare costs in Latvia
Healthcare in Latvia is provided by the state, and citizens are required to contribute to the system through taxes. Expats may also be eligible for state healthcare, but private insurance is recommended.
Childcare costs in Latvia
Childcare costs can vary depending on the age of the child and the type of care required. Nursery schools typically charge between €100 and €300 per month, while a nanny can cost €4 to €8 per hour.
Study costs in Latvia
Tuition fees for higher education in Latvia can range from €2,500 to €12,000 per year, depending on the level of study and the institution.
The cost of food and drink in Latvia
The cost of groceries in Latvia is generally lower than in Western European countries. A basic meal at a restaurant can cost around €10-€15.
Transport costs in Latvia
Public transportation is relatively affordable in Latvia, with a single ticket costing around €1.50. Taxis are also relatively cheap, with a 10-minute ride costing around €5.
Leisure activities in Latvia
There are plenty of free and low-cost leisure activities in Latvia, such as hiking, cycling, and visiting museums. A cinema ticket costs around €7, while a gym membership costs around €30-€40 per month.
Taxation and social security in Latvia
The tax rate for employees in Latvia is 23% of their gross salary. Social security contributions are also deducted from salaries at a rate of 10.5%.
Assistance with living costs in Latvia
Expats in Latvia may be eligible for social benefits, such as child benefits, family benefits, and unemployment benefits. It’s recommended to research eligibility requirements and application procedures in advance.