Latvia vs Mongolia - Cost of Living Comparison

Updated:

Livingcost

Latvia Mongolia
🚶 Cost of living one person
$1102
$906
👨‍👩‍👧‍👦 Cost of living Family
$2773
$2341
🏠 One person rent
$532
$472
🏘️ Family rent
$929
$1015
🍽️ Food expenses
$382
$305
🚐 Transport expenses
$66.4
$44.1
💳 Monthly salary after tax
$1202
$408
💸 GDP per capita
$23184
$5765
😃 Human freedom index
8.45
7.43
❤️ Life expectancy
74.6
72.7
👮 Corruption perceptions index
60
33
🌐 English speaking %
45.9%
1%
🎓 Higher education
72
44
😀 Quality of life
72
42
🏙️ Population
1.87M
3.41M

The average cost of living in Latvia ($1102) is 22% more expensive than in Mongolia ($906). Latvia ranked 70th vs 100th for Mongolia in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.1 months in Latvia compared to 0.5 months in Mongolia. Ranked 42nd and 107th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Latvia vs Mongolia infographic

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Prices in Latvia vs Mongolia

We calculate prices for Latvia and Mongolia as a population-weighted mean of 10 and 2 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Latvia Mongolia
Eating Out
🍱 Lunch Menu
$9.75
$4.82
🥂 Dinner in a Restaurant, for 2
$53.1
$29.5
🥪 Fast food meal, equiv. McDonald's
$7.72
$4.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.6
$1.69
 Cappuccino
$3.46
$2.51
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.5
$0.8
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$467
$507
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$310
$383
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$853
$1391
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$590
$806
🔌 Utility Bill one person, electricity, heating, water, etc.
$173
$50.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$269
$78.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.9
$13.5
🏦 Mortgage Interest Rate for 20 Years
4.32%
6.39%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2318
$1637
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1507
$959
Transportation
🚌 Local transport ticket
$1.41
$0.15
🎟️ Monthly ticket local transport
$35.7
$7.32
🚕 Taxi Ride, 8 km or 5 mi
$10.2
$5.34
 Gas / Petrol, 1 L or 0.26 gal
$1.85
$1.07
Groceries
🥛 Milk, 1 L or 1 qt
$1.26
$1.41
🍞 Bread, 0.5 kg or 1.1 lb
$1.33
$0.91
🍚 Rice, 1 kg or 2.2 lb
$2.41
$1.68
🥚 Eggs, x12
$2.83
$2.17
🧀 Cheese, 1 kg or 2.2 lb
$11.1
$13.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.22
$4.55
🥩 Round Steak, 1 kg or 2.2 lb
$10.8
$5.9
🍏 Apples, 1 kg or 2.2 lb
$1.48
$3.71
🍌 Banana, 1 kg or 2.2 lb
$1.82
$2.88
🍊 Oranges, 1 kg or 2.2 lb
$2.41
$4.22
🍅 Tomato, 1 kg or 2.2 lb
$3.22
$3.24
🥔 Potato, 1 kg or 2.2 lb
$0.87
$0.65
🧅 Onion, 1 kg or 2.2 lb
$0.94
$1.04
🌊 Water, 1 L or 1 qt
$0.56
$0.44
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.21
$1.38
🍾 Wine (mid-priced), 750 mL bottle
$8.17
$9.09
🍺 Beer, 0.5 L or 16 fl oz
$1.74
$1.08
🚬 Cigarette pack
$5.37
$1.79
💊 Cold medicince, 1 week
$7.53
$10.5
🧴 Hair Shampoo
$5.07
$3.86
🧻 Toilet paper, 4 rolls
$2.15
$2.62
👄 Toothpaste, 1 tube
$3.05
$1.89
Other
🏋️ Gym Membership, 1 month
$43.7
$68.7
🎫 Cinema Ticket, 1 person
$10.4
$4.69
👩‍⚕️ Doctor's visit
$45.7
$19.9
💇 Haircut, simple
$15.7
$5.6
👖 Brand Jeans
$79.9
$66.5
👟 Brand Sneakers
$97.1
$88.2
👶 Daycare or Preschool, 1 month
$508
$154
🏫 International Primary School, 1 year
$13937
$7750

Cost of living in other countries

Cost of living

Cities Comparison in Latvia vs Mongolia

More countries to compare

Cost of Living in Popular cities

In Latvia

City Cost of living Population
Riga
$1169
605K
Daugavpils
$899
77.8K
Jelgava
$856
54.7K
Liepaja
$1029
66.7K
Jurmala
$1377
52.2K
Ventspils
$923
32.6K
Jekabpils
$946
21.2K
Valmiera
$893
22.4K
Rezekne
$817
26.1K
Ogre
$1111
22.8K

In Mongolia

City Cost of living Population
Ulaanbaatar
$907
1.4M
Bulgan
$875
12.3K