Cost of living comparison
Latvia is 16.7% cheaper than Reykjavik.
- Restaurants
-
pay 53.2% less in Latvia
- Groceries
-
pay 46.4% less in Latvia
- Transportation
-
pay 42.5% less in Latvia
- Housing
-
pay 7.8% more in Latvia
- Childcare
-
pay 96.4% more in Latvia
- Entertainment and Sports
-
pay 47.5% less in Latvia
- Clothing
-
pay 31.3% less in Latvia
The cost of childcare and housing in Latvia are more expensive than in Reykjavik. Expenses including restaurants, entertainment and sports, groceries, transportation, and clothing are lower in Latvia. Notably, childcare is significantly more expensive in Latvia.
If you lived in Latvia instead of Reykjavik, you would:
pay 53.2% less for restaurants
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,664
|
$10.23
€9.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,400
|
$7.08
€6.51
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK420
|
$1.37
€1.26
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK291
|
$1.17
€1.07
|
|
pay 46.4% less for groceries
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK481
|
$1.36
€1.25
|
|
| Local cheese (8 oz) |
$7.76
ISK1,033
|
$5.17
€4.76
|
|
| Milk (1 gallon) |
$6.40
ISK853
|
$4.66
€4.28
|
|
|
Eggs
1 dozen
|
$5.76
ISK767
|
$2.72
€2.50
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,258
|
$3.05
€2.81
|
|
| Apples (1 lb) |
$1.40
ISK187
|
$0.58
€0.54
|
|
| Bananas (1 lb) |
$1.01
ISK134
|
$0.77
€0.71
|
|
| Oranges (1 lb) |
$1.22
ISK162
|
$1.04
€0.96
|
|
| Tomatoes (1 lb) |
$2.22
ISK296
|
$1.39
€1.28
|
|
| Potatoes (1 lb) |
$1.43
ISK191
|
$0.38
€0.35
|
|
| Onions (1 lb) |
$0.93
ISK124
|
$0.37
€0.34
|
|
pay 42.5% less for transportation
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,132
|
$6.76
€6.21
|
|
| Monthly public transit pass |
$74.95
ISK9,984
|
$39.41
€36.24
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,654,400
|
$25,606.21
€23,547.03
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,204
|
$9.07
€8.34
|
|
pay 7.8% more for housing
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,306
|
$17.22
€15.84
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK262,560
|
$467.65
€430.04
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK240,218
|
$322.68
€296.73
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,187
|
$196.83
€181.00
|
|
pay 96.4% more for childcare
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,585
|
$427.69
€393.30
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$13,383.30
€12,307.05
|
|
pay 47.5% less for entertainment and sports
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,440
|
$3.87
€3.56
|
|
| Cappuccino in mid-range area |
$5.31
ISK707
|
$3.06
€2.82
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,631
|
$4.95
€4.55
|
|
| Monthly membership at local gym |
$69.95
ISK9,317
|
$42.71
€39.27
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,968
|
$10.00
€9.20
|
|
pay 31.3% less for clothing
|
Reykjavik
|
Latvia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,515
|
$76.51
€70.35
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,623
|
$43.17
€39.70
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,227
|
$84.42
€77.63
|
|
| Men's business shoes (leather) |
$194.16
ISK25,862
|
$120.68
€110.97
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Latvia or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.