Cost #6/31 · Cost of living · Europe · Eurostat PLI 2024
🇱🇻 Cost of living in Latvia
Latvia undercuts most of the EU-27 across rent, groceries and transport - see the categories driving that gap and how far local income actually stretches.
- Cost rank · cheapest = #1 of 31
- #6
- Affordability rank · highest purchasing power = #1 of 29
- #21
Latvia's livability score
Livability score
60/100
Latvia, weighted across 8 of 8 tracked dimensions
A cost-and-income composite (price-level indices plus purchasing power), not an overall quality-of-life judgment, it does not weigh climate, safety, culture, or healthcare outcomes.
- Purchasing power F €13,983
Median net income adjusted for local cost level
- Overall cost B+ 77
Eurostat overall price level (EU27=100)
- Rent A 55
Housing / rent price level (EU27=100)
- Groceries D 105
Food and non-alcoholic beverages (EU27=100)
- Healthcare A- 60
Healthcare price level (EU27=100)
- Transport B+ 83
Transport price level (EU27=100)
- Utilities D 91
Electricity / gas / water (EU27=100)
- Restaurants B- 91
Restaurants and hotels (EU27=100)
Latvia: quiet 2024 Eurostat pass
Overall cost index barely moved (0.0) vs 2023 - a near-flat European release print.
- Utilities index 103 91 2023 → 2024
Utilities index fell from 103 to 91 between the 2023 and 2024 Eurostat releases.
- Healthcare index 61 60 2023 → 2024
Healthcare index fell from 61 to 60 between the 2023 and 2024 Eurostat releases.
- Restaurants index 92 91 2023 → 2024
Restaurants index fell from 92 to 91 between the 2023 and 2024 Eurostat releases.
- Groceries index 106 105 2023 → 2024
Groceries index fell from 106 to 105 between the 2023 and 2024 Eurostat releases.
- Housing & utilities index 56 55 2023 → 2024
Housing & utilities index fell from 56 to 55 between the 2023 and 2024 Eurostat releases.
Latvia in the Under 85 cost band
On the EU-27 = 100 scale, Latvia's overall index (77) sits in the Under 85 band with 9 other published countries. The Europe-wide band mix lives on the rankings hub, not repeated here.
Where Latvia undercuts the EU basket
Bars + gauge for a below-EU overall index (77): which categories keep the basket cheap.
Latvia - price level by category (EU-27 = 100)
🇱🇻 Latvia vs EU-27 = 100
Gauge reads the same overall cost_index (77); the tick marks the EU average.
In Latvia, groceries is the most expensive category and housing & utilities the least.
Why Latvia reads cheap on Eurostat
Latvia's overall consumer price level is 23% below the EU-27 average. (How this index is built →)
Groceries stand out as the priciest category in Latvia, at index 105, ahead of housing & utilities at index 55 - a food basket costs proportionally more here than rent, transport or healthcare do.
That price gap works in Latvia's favor: because prices run below the EU average, the headline income of €13,983 stretches further than the sticker figure suggests, worth roughly €18,113 in EU-27-average purchasing power.
Eurostat PLI Basket · similar price levels and purchasing power
Two peer sets for Latvia: nearest overall price-level indices (EU-27 = 100) and nearest cost-adjusted incomes (median net income ÷ cost index). The cost band block above stays cohort-based; these neighborhoods vary by entity.
Similar overall cost index
Nearest countries by Eurostat price level (77 here, EU-27 = 100).
PLI neighbourhood · Latvia
Similar purchasing power
Nearest countries by cost-adjusted income (€18,113 here).
What to do with this Latvia data
Latvia ranks #21 of 29 for cost-adjusted purchasing power. A raw price index alone does not tell you whether income stretches further here than elsewhere.
- Run the numbers for Latvia in the calculator
- Compare Latvia vs Lithuania side by side
- See the full best-value ranking
- Browse every country we track
These are Eurostat comparative price-level averages for the whole country, not a personal budget. Regional and city-level costs can differ substantially from the national figure.
Frequently Asked Questions
Is Latvia expensive to live in?
Latvia's overall cost of living is 23% below the EU-27 average (index 77). Groceries is the priciest category and housing & utilities the cheapest.
What are housing & utilities costs in Latvia?
Latvia's housing & utilities price index is 55, below the EU norm.
How does income compare to costs in Latvia?
That price gap works in Latvia's favor: because prices run below the EU average, the headline income of €13,983 stretches further than the sticker figure suggests, worth roughly €18,113 in EU-27-average purchasing power.
PlainCostOfLiving is rendered directly from Eurostat comparative price levels and median equivalised net income, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-20. Primary sources: Eurostat comparative price levels (prc_ppp_ind) and Eurostat median equivalised net income (ilc_di03).