Ice hockey match in Arena Riga during IIHF WC 2006
Latvia view 2
Barricade in Jēkaba street, Riga, to prevent Soviet Red Army fr…
Gauja River valley in Sigulda, Gauja National Park, Latvia
Turaida Castle in Latvia
Satellite image of Latvia in March 2003.

Latvia

Baltic Sea
Climate
EUR
Currency
Moderate
Safety
Moderate
Cost of Living
Latvian
Language
Country Information Latvia

Latvia is a Baltic state located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. Its strategic position on the eastern coast of the Baltic Sea has historically made it a...

Cost of Living
vs EU AverageSimilar cost of living
Rent
€420Apartment (1 bedroom) in City…
Meal
€10.50Meal, Inexpensive Restaurant
Groceries
€1.10Milk (regular), (1 liter)
Transport
€1.43One-way Ticket (Local Transpo…
Read the full cost-of-living guide

Your Latvia Roadmap

40+ page relocation analysis tailored to your profile.

  • Custom Tax & Cost Projection
  • District Matching for your Lifestyle
  • Vetted Local Partner Directory

With a safety index of 64/100, Latvia offers good safety conditions for expats and their families.

Entry Requirements & Visa Options

Latvia, as a Schengen Area member, allows visa-free entry for citizens of over 60 countries, including the United States, United Kingdom, Canada, Australia, and many others, for short-term stays of up to 90 days within any 180-day period for tourism, business, or transit. This limit is cumulative across all Schengen countries, so time spent in other Schengen states counts toward the total. Passports must typically be valid for at least 3-6 months beyond the planned departure from Schengen, with at...

Visa-free entry: 90 days
Digital Nomad Visa: 1 year
Investment visa from .
Read full guide

Discover Cities in Latvia

Create your free profile to see personalized match scores.

Location Intelligence for Latvia
Cost of Living49.4

5% above EU avg

Safety63.9

Near EU average

Quality of Life169.6

9% above EU avg

Purchasing Power84.7

21% above EU avg

Baselines based on EU averages. Source: Numbeo indices.

Capital

Riga

Timezone

UTC+02:00

Area

64,559 km²

Population

1,901,548

Latvia shows a purchasing power index of 85/100, indicating excellent economic conditions for expats.

Economic Overview in Latvia

GDP

$41.15B

HDI

0.9

Quality of Life

73/100

+30 vs NYC

Purchasing Power

35/100

-7 vs NYC

Understanding the economic landscape is essential for evaluating living costs and opportunities in Latvia. This comprehensive overview covers key financial indicators including cost of living, housing markets, income levels, and fiscal policies that shape daily life and long-term financial planning.

Comparison data legendCompare:
Latvia
Continent Avg

Cost of Living Index

Moderate

Moderate costs (CPI: 51.9). Groceries (47.4), restaurants (54.3) affordable vs NYC=100; lower than Western Europe.

Housing Market

Moderate

Property prices average 9.2 years of household income. Rent index (11.1) very low, with urban-rural variations.

Average Income Levels

Poor

Purchasing power index of 78.4 indicates below-average buying power. Average wages around €1685 gross monthly in 2024.

Tax System

Good

Flat income tax 20-31% (progressive elements), VAT 21% standard (12% reduced). Low property taxes; simple, competitive system.

Business Environment

Good

Ranked 19th in World Bank's Ease of Doing Business (legacy). Strong startup ecosystem in Riga, low bureaucracy, EU single market access.

Social Security

Excellent

Universal healthcare via NHS, state pensions, unemployment benefits up to 65% salary. Comprehensive family support; high HDI 0.863.

Work & Business in Latvia
Business ClimateSee full guide for details
Work PermitsRequirements vary by nationality
Key IndustriesExplore opportunities
Read full guide
Education SystemInternational schools, universities & curricula
Explore Guide
Climate

Latvia experiences a temperate oceanic to humid continental climate, heavily influenced by the Gulf Stream and proximity to the Baltic Sea. The country has undergone significant climate shifts, with western coastal regions transitioning from boreal to temperate zones.

Climate
Oceanic (Cfb), Humid Continental (Dfb)
Summer
17–18°C
Winter
-7–-2°C
Sunshine
2000+ hrs/yr

2 distinct climate regions — see full guide for details

Read full guide
Demographics in Latvia

Life Expectancy

74.5

Population

1,901,548

Religions

Christianity (Lutheran)
36.2%
Christianity (Catholic)
19.5%
Christianity (Orthodox)
19.1%

Ethnic Composition

Latvians
65.5%
Russians
24.1%
Belarusians
2.9%
Ukrainians
2.9%
Poles
1.9%
What Expats Say About LatviaBETA

Research in Progress

We're currently analyzing expat perspectives for Latvia. Check back soon for insights from real experiences!

We're gradually rolling out this feature and continuously improving the insights. The data is based on real expat discussions and will become more comprehensive over time.

Transportation & Infrastructure in Latvia
Public TransitAvailable in major cities
AirportsInternational connectivity
InfrastructureRoad & rail networks
Read full guide
Social Integration in Latvia
Expat CommunityActive communities available
Cultural IntegrationTips & resources
Language BarrierSee guide for details
Read full guide
Retirement & Benefits in Latvia
Retirement VisaCheck eligibility
Healthcare AccessPublic & private options
Pension RecognitionSee guide for details
Read full guide
Political Landscape & Stability

Latvia is a parliamentary democracy with a unicameral 100-seat parliament (Saeima) and a president as head of state. Prime Minister Evika Siliņa leads a three-party coalition government focused on security, defense spending, and economic development. The country performs in the high range across democratic indicators and maintains stable governance with improved coalition stability over the past 13 years.

System
Parliamentary democracy
Democracy
High performing democracy
Legal System
Civil law system based on the Constitution of August 21
Read full guide
Environment & Sustainability in Latvia
Air QualitySee detailed assessment
Green SpacesParks & nature areas
SustainabilityEnvironmental policies
Read full guide
Latvia flag
Latvia at a Glance

Capital

Riga

Languages

Latvian

UN Member

Yes

Quick Facts for Latvia

Population

1,901,548

Currency

EUR

Timezone

UTC+02:00

Calling Code

+371

Week starts on

Monday

Gini Coefficient

35.1 (2018)

Traffic side

right side

Location

Data Source: Safety, crime, and quality metrics are sourced from Numbeo, a crowd-sourced global database of reported data.

All scores are relative comparisons on a 0-100 scale, where 50 = global average. Higher scores mean better than average, lower scores mean worse than average.