Cost of living comparison
Latvia is 2.0% cheaper than Iceland.
If you lived in Latvia instead of Iceland, you would:
pay 50.7% less for restaurants
Iceland
|
Latvia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,506
|
$8.99
€8.44
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,005
|
$6.17
€5.79
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr326
|
$1.20
€1.13
|
|
Bottle of water (11 fl. oz) |
$2.12
kr298
|
$1.10
€1.03
|
|
pay 40.6% less for groceries
Iceland
|
Latvia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr481
|
$1.19
€1.12
|
|
Local cheese (8 oz) |
$5.98
kr841
|
$4.58
€4.29
|
|
Milk (1 gallon) |
$5.33
kr748
|
$4.83
€4.54
|
|
Eggs
1 dozen
|
$5.66
kr795
|
$2.38
€2.24
|
|
Boneless chicken breast (1 lb) |
$7.09
kr997
|
$3.23
€3.03
|
|
Apples (1 lb) |
$1.16
kr163
|
$0.49
€0.46
|
|
Bananas (1 lb) |
$0.98
kr138
|
$0.73
€0.68
|
|
Oranges (1 lb) |
$1.17
kr165
|
$0.87
€0.82
|
|
Tomatoes (1 lb) |
$1.84
kr258
|
$1.31
€1.23
|
|
Potatoes (1 lb) |
$0.96
kr134
|
$0.32
€0.30
|
|
Onions (1 lb) |
$0.51
kr72
|
$0.35
€0.33
|
|
pay 38.9% less for transportation
Iceland
|
Latvia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,129
|
$7.32
€6.87
|
|
Monthly public transit pass |
$77.40
kr10,876
|
$38.37
€36.00
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,192,672
|
$21,439.27
€20,115.39
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,368
|
$7.64
€7.17
|
|
pay 9.4% less for housing
Iceland
|
Latvia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,769
|
$16.90
€15.86
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr201,947
|
$342.38
€321.23
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr170,820
|
$247.16
€231.90
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,644
|
$199.93
€187.58
|
|
pay 3.1 times more for childcare
Iceland
|
Latvia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,443
|
$261.48
€245.34
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr386,444
|
$14,283.25
€13,401.26
|
|
pay 46.6% less for entertainment and sports
Iceland
|
Latvia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,198
|
$2.94
€2.76
|
|
Cappuccino in mid-range area |
$4.15
kr584
|
$2.55
€2.40
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,494
|
$4.55
€4.27
|
|
Monthly membership at local gym |
$56.90
kr7,996
|
$37.76
€35.43
|
|
Movie ticket to theater/cinema |
$12.27
kr1,725
|
$7.56
€7.10
|
|
pay 38.1% less for clothing
Iceland
|
Latvia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,592
|
$68.48
€64.25
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,081
|
$40.46
€37.96
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,235
|
$75.05
€70.41
|
|
Men's business shoes (leather) |
$175.20
kr24,619
|
$104.60
€98.14
|
|
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