Cost of living comparison
Riga is 11.5% more expensive than Iceland.
If you lived in Riga instead of Iceland, you would:
pay 37.7% less for restaurants
Iceland
|
Riga
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,489
|
$13.19
€12.24
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK1,991
|
$7.70
€7.14
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK323
|
$1.41
€1.31
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK296
|
$1.28
€1.19
|
|
pay 34.1% less for groceries
Iceland
|
Riga
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK478
|
$1.33
€1.23
|
|
Local cheese (8 oz) |
$5.98
ISK835
|
$5.42
€5.03
|
|
Milk (1 gallon) |
$5.33
ISK743
|
$5.49
€5.09
|
|
Eggs
1 dozen
|
$5.66
ISK790
|
$2.66
€2.47
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK990
|
$3.48
€3.23
|
|
Apples (1 lb) |
$1.16
ISK162
|
$0.67
€0.62
|
|
Bananas (1 lb) |
$0.98
ISK137
|
$0.77
€0.71
|
|
Oranges (1 lb) |
$1.17
ISK163
|
$0.91
€0.85
|
|
Tomatoes (1 lb) |
$1.84
ISK256
|
$1.36
€1.26
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$0.42
€0.39
|
|
Onions (1 lb) |
$0.51
ISK71
|
$0.33
€0.31
|
|
pay 33.7% less for transportation
Iceland
|
Riga
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,121
|
$7.79
€7.23
|
|
Monthly public transit pass |
$77.40
ISK10,800
|
$32.98
€30.60
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,163,431
|
$24,187.89
€22,440.32
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,344
|
$10.66
€9.89
|
|
pay 16.1% more for housing
Iceland
|
Riga
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,708
|
$19.82
€18.38
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK200,539
|
$489.54
€454.17
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK169,628
|
$337.47
€313.09
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,577
|
$254.35
€235.97
|
|
pay 3.4 times more for childcare
Iceland
|
Riga
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,189
|
$404.77
€375.53
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK383,749
|
$14,268.86
€13,237.93
|
|
pay 34.0% less for entertainment and sports
Iceland
|
Riga
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,189
|
$4.40
€4.08
|
|
Cappuccino in mid-range area |
$4.15
ISK579
|
$3.01
€2.80
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,484
|
$4.95
€4.59
|
|
Monthly membership at local gym |
$56.90
ISK7,940
|
$44.13
€40.94
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,713
|
$10.00
€9.28
|
|
pay 33.8% less for clothing
Iceland
|
Riga
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,476
|
$71.46
€66.30
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,031
|
$44.87
€41.63
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,087
|
$77.12
€71.55
|
|
Men's business shoes (leather) |
$175.20
ISK24,447
|
$112.87
€104.72
|
|
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