Cost of living comparison
Latvia is 15.7% cheaper than Iceland.
If you lived in Latvia instead of Iceland, you would:
pay 49.8% less for restaurants
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,709
|
$10.23
€9.82
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,366
|
$7.08
€6.79
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK393
|
$1.37
€1.31
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK282
|
$1.17
€1.12
|
|
pay 41.3% less for groceries
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK413
|
$1.36
€1.30
|
|
| Local cheese (8 oz) |
$7.27
ISK1,015
|
$5.17
€4.97
|
|
| Milk (1 gallon) |
$6.01
ISK839
|
$4.66
€4.47
|
|
|
Eggs
1 dozen
|
$5.42
ISK757
|
$2.72
€2.61
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,188
|
$3.05
€2.93
|
|
| Apples (1 lb) |
$1.22
ISK171
|
$0.58
€0.56
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.77
€0.74
|
|
| Oranges (1 lb) |
$1.17
ISK164
|
$1.04
€1.00
|
|
| Tomatoes (1 lb) |
$1.87
ISK262
|
$1.39
€1.34
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.38
€0.37
|
|
| Onions (1 lb) |
$0.78
ISK110
|
$0.37
€0.36
|
|
pay 39.9% less for transportation
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,168
|
$6.76
€6.48
|
|
| Monthly public transit pass |
$71.28
ISK9,956
|
$39.41
€37.82
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,679,481
|
$25,606.21
€24,578.81
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,078
|
$9.07
€8.71
|
|
pay 2.5% more for housing
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,081
|
$17.22
€16.53
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK256,737
|
$467.65
€448.89
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK209,209
|
$322.68
€309.73
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,103
|
$196.83
€188.94
|
|
pay 94.5% more for childcare
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK36,060
|
$427.69
€410.53
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,241
|
$13,383.30
€12,846.32
|
|
pay 42.1% less for entertainment and sports
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,283
|
$3.87
€3.71
|
|
| Cappuccino in mid-range area |
$4.65
ISK649
|
$3.06
€2.94
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,642
|
$4.95
€4.75
|
|
| Monthly membership at local gym |
$61.46
ISK8,585
|
$42.71
€41.00
|
|
| Movie ticket to theater/cinema |
$14.35
ISK2,004
|
$10.00
€9.60
|
|
pay 34.1% less for clothing
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,537
|
$76.51
€73.44
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,337
|
$43.17
€41.44
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,673
|
$84.42
€81.03
|
|
| Men's business shoes (leather) |
$184.49
ISK25,770
|
$120.68
€115.84
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Latvia or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.