Latvia vs South Korea - Cost of Living Comparison

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Livingcost

Latvia South Korea
🚶 Cost of living one person
$1157
$1074
👨‍👩‍👧‍👦 Cost of living Family
$2918
$2688
🏠 One person rent
$540
$470
🏘️ Family rent
$902
$787
🍽️ Food expenses
$431
$417
🚐 Transport expenses
$68.5
$89.7
💳 Monthly salary after tax
$1392
$2138
💸 GDP per capita
$23409
$36239
😃 Human freedom index
8.51
8.15
❤️ Life expectancy
75.7
83.4
👮 Corruption perceptions index
60
63
🌐 English speaking %
45.9%
20%
🎓 Higher education
72
87
😀 Quality of life
75
87
🏙️ Population
1.87M
51.8M

The average cost of living in Latvia ($1157) is 8% more expensive than in South Korea ($1074). Latvia ranked 72nd vs 86th for South Korea in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.2 months in Latvia compared to 2 months in South Korea. Ranked 42nd and 23rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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Prices in Latvia vs South Korea

We calculate prices for Latvia and South Korea as a population-weighted mean of 10 and 87 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 South Korea
Eating Out
🍱 Lunch Menu
$13.1
$6.41
🥂 Dinner in a Restaurant, for 2
$56.1
$35.3
🥪 Fast food meal, equiv. McDonald's
$8.69
$5.45
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.18
$3.16
 Cappuccino
$3.59
$3.29
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.64
$1.41
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$485
$486
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$332
$319
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$914
$1137
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$643
$698
🔌 Utility Bill one person, electricity, heating, water, etc.
$158
$98.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$242
$152
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$19.2
$19.2
🏦 Mortgage Interest Rate for 20 Years
4.27%
4.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2560
$11577
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1757
$6055
Transportation
🚌 Local transport ticket
$1.51
$0.99
🎟️ Monthly ticket local transport
$37.9
$40.7
🚕 Taxi Ride, 8 km or 5 mi
$10.5
$8.06
 Gas / Petrol, 1 L or 0.26 gal
$1.91
$1.14
Groceries
🥛 Milk, 1 L or 1 qt
$1.32
$1.88
🍞 Bread, 0.5 kg or 1.1 lb
$1.44
$2.54
🍚 Rice, 1 kg or 2.2 lb
$2.25
$2.51
🥚 Eggs, x12
$3.55
$2.65
🧀 Cheese, 1 kg or 2.2 lb
$11.7
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.14
$7.7
🥩 Round Steak, 1 kg or 2.2 lb
$13.5
$17.8
🍏 Apples, 1 kg or 2.2 lb
$2.04
$6.64
🍌 Banana, 1 kg or 2.2 lb
$1.87
$3.08
🍊 Oranges, 1 kg or 2.2 lb
$2.48
$5.66
🍅 Tomato, 1 kg or 2.2 lb
$3.43
$4.93
🥔 Potato, 1 kg or 2.2 lb
$1.04
$3
🧅 Onion, 1 kg or 2.2 lb
$1
$2.35
🌊 Water, 1 L or 1 qt
$0.62
$0.69
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.81
$2.03
🍾 Wine (mid-priced), 750 mL bottle
$8.36
$15.1
🍺 Beer, 0.5 L or 16 fl oz
$1.87
$1.9
🚬 Cigarette pack
$6.39
$2.95
💊 Cold medicince, 1 week
$9.22
$4.01
🧴 Hair Shampoo
$5.58
$4.25
🧻 Toilet paper, 4 rolls
$2.25
$2.09
👄 Toothpaste, 1 tube
$3.2
$1.52
Other
🏋️ Gym Membership, 1 month
$44.3
$45.7
🎫 Cinema Ticket, 1 person
$10.4
$9.37
👩‍⚕️ Doctor's visit
$50.2
$45.2
💇 Haircut, simple
$15.1
$8.07
👖 Brand Jeans
$71.2
$57
👟 Brand Sneakers
$84.7
$68.9
👶 Daycare or Preschool, 1 month
$580
$465
🏫 International Primary School, 1 year
$17677
$18682

Cost of living in other countries

Cost of living

Cities Comparison in Latvia vs South Korea

More countries to compare

Cost of Living in Popular cities

In Latvia

City Cost of living Population
Riga
$1254
595K
Daugavpils
$938
78.1K
Jelgava
$893
54.8K
Liepaja
$1040
67.4K
Jurmala
$1374
52K
Ventspils
$932
32.7K
Valmiera
$938
22.8K
Rezekne
$835
26.4K
Jekabpils
$895
21K
Ogre
$1000
22.8K

In South Korea

City Cost of living Population
Seoul
$1296
9.67M
Busan
$1084
3.45M
Incheon
$1032
3.05M
Daegu
$992
2.38M
Gwangju
$957
1.41M
Daejeon
$905
1.48M
Suwon
$985
1.23M
Ulsan
$957
1.13M
Goyang
$1052
1.06M
Yongin
$1061
1.08M
Cheongju
$865
848K
Seongnam
$1455
919K
Hwaseong
$1045
1M
Changwon
$1013
1.01M
Namyangju
$1094
732K
Gimhae
$1014
534K
Jeju
$1020
698K
Pyeongtaek
$1048
607K
Pohang
$989
504K
Jeju Island
$1037
666K
Cheonan
$1128
657K
Bucheon
$1090
772K
Uijeongbu
$868
463K
Siheung
$1313
514K
Paju
$1010
498K
Ansan
$1001
623K
Gwangju
$1179
397K
Jeonju
$771
342K
Gunsan
$964
275K
Sejong
$971
392K