Latvia is rapidly emerging as a top destination for expats seeking an affordable yet high-quality European lifestyle. With lower living costs compared to many Western European nations, you might be wondering: can you save money while working in Latvia? Let’s explore the key factors—including verified numbers on housing, food, utilities, and transportation—and see how budgeting in Latvia can work in your favor.
Affordable Housing Options
Housing is often the largest expense in any budget, but Latvia offers attractive options. In Riga, for example, data from Expatistan shows that a one-bedroom apartment in the city center typically rents for about €450–€650 per month, while similar apartments outside the center range from €300–€500 per month
Moreover, many employers—especially in sectors like construction, manufacturing, and warehousing—provide accommodation, reducing your out-of-pocket expenses even further.
Budget-Friendly Food and Groceries
When it comes to everyday expenses, Latvia offers great value for your money. According to Numbeo, typical grocery prices include:
- Bread: ~€1.31 per loaf
- Milk (1 liter): ~€1.17
- Eggs (12): ~€2.58
- Apples (1 kg): ~€1.40
Dining out is also affordable—a meal at an inexpensive restaurant costs around €10, and a mid-range, three-course meal for two is approximately €55.
These competitive prices allow you to enjoy a balanced diet while keeping costs low.
Manageable Utility and Transportation Costs
Utilities in Latvia are reasonably priced. For a typical apartment (around 85 m²), monthly expenses for electricity, heating, water, and garbage collection generally fall between €200 and €280
Meanwhile, transportation is another area where costs remain low. In Riga, a monthly public transport pass costs roughly €30–€40, and a single ticket is about €1.50
These savings help maintain a modest overall cost of living.
Salaries and Saving Potential
Although average salaries in Latvia are lower than in some Western European countries, the low cost of living means many residents still manage to save. Recent data from Wikipedia indicates that the average net salary in Latvia is around €1,257 per month
Moreover, professionals in high-demand fields such as IT and finance can earn significantly more. By living frugally—choosing shared accommodation, cooking at home, and relying on public transportation—you can optimize your budget and even set aside a healthy savings margin.
Additional Benefits of Living in Latvia
Beyond the numbers, Latvia offers many lifestyle benefits:
- Quality of Life: Enjoy a rich cultural heritage with vibrant cities like Riga, known for its UNESCO-listed Old Town and impressive Art Nouveau architecture.
- Healthcare and Education: Both public and private healthcare options are available at affordable rates, and several universities offer programs in English.
- Growing Expat Community: Particularly in Riga, a robust expat network makes it easier to integrate, find support, and enjoy social events.
Need Help Moving? Consider ICC Immigration Services
If you’re planning to move to Europe, navigating the visa and immigration process can be complex. ICC Immigration Services specializes in helping individuals relocate to European destinations like Latvia. Their expert guidance covers everything from visa applications to work permits and residence permits, ensuring a smooth transition. With ICC Immigration Services by your side, you can focus on building your new life while leaving the bureaucratic hassles to the professionals.
Final Thoughts
Latvia combines a lower cost of living with an appealing quality of life, making it an excellent option for those who want to save money while working in Latvia. Affordable housing, budget-friendly food, and low utility and transportation costs all contribute to a manageable monthly expense profile—even on an average salary. Add to that a growing expat community and attractive lifestyle benefits, and Latvia becomes an increasingly compelling destination for your next move.
Whether you’re a young professional or a seasoned expat, proper budgeting and careful planning can make living in Latvia not only feasible but also rewarding. And if you need a helping hand in the immigration process, remember that ICC Immigration Services is here to assist you every step of the way.