Cost of living comparison
Latvia is 31.7% cheaper than Faroe Islands overall.
- Restaurants
-
pay 56.4% less in Latvia
- Groceries
-
pay 34.6% less in Latvia
- Transportation
-
pay 7.1% less in Latvia
- Housing
-
pay 15.6% less in Latvia
- Entertainment and Sports
-
pay 40.8% less in Latvia
- Clothing
-
pay 35.5% less in Latvia
Expenses including restaurants, entertainment and sports, clothing, groceries, housing, and transportation are lower in Latvia.
If you lived in Latvia instead of Faroe Islands, you would:
pay 56.4% less for restaurants
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.84
DKK157.36
|
$10.23
€9.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK133.35
|
$7.08
€6.51
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK20.77
|
$1.37
€1.26
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK16.84
|
$1.17
€1.07
|
|
pay 34.6% less for groceries
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK49.64
|
$1.36
€1.25
|
|
| Local cheese (8 oz) |
$5.63
DKK38.77
|
$5.17
€4.76
|
|
| Milk (1 gallon) |
$8.02
DKK55.25
|
$4.66
€4.28
|
|
|
Eggs
1 dozen
|
$4.78
DKK32.95
|
$2.72
€2.50
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK40.43
|
$3.05
€2.81
|
|
| Apples (1 lb) |
$0.98
DKK6.74
|
$0.58
€0.54
|
|
| Bananas (1 lb) |
$1.17
DKK8.09
|
$0.77
€0.71
|
|
| Oranges (1 lb) |
$1.30
DKK8.98
|
$1.04
€0.96
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.39
|
$1.39
€1.28
|
|
| Potatoes (1 lb) |
$1.17
DKK8.09
|
$0.38
€0.35
|
|
| Onions (1 lb) |
$1.43
DKK9.88
|
$0.37
€0.34
|
|
pay 7.1% less for transportation
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK50.11
|
$6.76
€6.21
|
|
| Monthly public transit pass | ?? |
$39.41
€36.23
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$25,606.21
€23,544.86
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$9.07
€8.34
|
|
pay 15.6% less for housing
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK420.91
|
$17.22
€15.84
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,411.71
|
$467.65
€430.00
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,447.12
|
$322.68
€296.70
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK648.18
|
$196.83
€180.99
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$427.69
€393.26
|
|
| Middle school for 1 child, two semesters | ?? |
$13,383.30
€12,305.92
|
pay 40.8% less for entertainment and sports
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK59.42
|
$3.87
€3.56
|
|
| Cappuccino in mid-range area |
$6.11
DKK42.09
|
$3.06
€2.82
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK69.33
|
$4.95
€4.55
|
|
| Monthly membership at local gym |
$50.02
DKK344.65
|
$42.71
€39.27
|
|
| Movie ticket to theater/cinema |
$15.09
DKK103.99
|
$10.00
€9.20
|
|
pay 35.5% less for clothing
|
Faroe Islands
|
Latvia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK973.55
|
$76.51
€70.35
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK346.63
|
$43.17
€39.70
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,006.89
|
$84.42
€77.62
|
|
| Men's business shoes (leather) |
$201.22
DKK1,386.54
|
$120.68
€110.96
|
|
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