Cost of living comparison
Latvia is 17.8% cheaper than Iceland.
If you lived in Latvia instead of Iceland, you would:
pay 47.5% less for restaurants
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,682
|
$10.57
€9.72
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,261
|
$7.05
€6.48
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK372
|
$1.45
€1.33
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK269
|
$1.16
€1.06
|
|
pay 40.9% less for groceries
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK434
|
$1.24
€1.14
|
|
| Local cheese (8 oz) |
$6.72
ISK923
|
$5.22
€4.80
|
|
| Milk (1 gallon) |
$6.27
ISK862
|
$4.56
€4.19
|
|
|
Eggs
1 dozen
|
$6.03
ISK829
|
$2.64
€2.43
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,045
|
$2.99
€2.75
|
|
| Apples (1 lb) |
$1.13
ISK155
|
$0.59
€0.55
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.75
€0.69
|
|
| Oranges (1 lb) |
$1.15
ISK159
|
$0.99
€0.91
|
|
| Tomatoes (1 lb) |
$1.71
ISK235
|
$1.32
€1.22
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$0.36
€0.33
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$0.38
€0.35
|
|
pay 37.2% less for transportation
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,157
|
$6.88
€6.32
|
|
| Monthly public transit pass |
$68.29
ISK9,387
|
$45.63
€41.96
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,458,784
|
$24,770.47
€22,778.50
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,193
|
$9.34
€8.59
|
|
pay 14.5% less for housing
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,236
|
$16.24
€14.93
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK208,778
|
$353.00
€324.61
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK182,187
|
$271.19
€249.39
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,208
|
$185.26
€170.36
|
|
pay 86.3% more for childcare
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,045
|
$388.30
€357.07
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK823,851
|
$13,208.99
€12,146.76
|
|
pay 40.1% less for entertainment and sports
|
Iceland
|
Latvia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$4.17
€3.84
|
|
| Cappuccino in mid-range area |
$4.61
ISK634
|
$2.88
€2.65
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,542
|
$5.02
€4.62
|
|
| Monthly membership at local gym |
$60.00
ISK8,247
|
$45.72
€42.05
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,916
|
$9.97
€9.17
|
|
pay 31.0% less for clothing
|
Iceland
|
Latvia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,877
|
$78.71
€72.38
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,210
|
$43.65
€40.14
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,197
|
$84.70
€77.89
|
|
| Men's business shoes (leather) |
$169.24
ISK23,262
|
$122.77
€112.89
|
|
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.