Latvia vs South Korea - Cost of Living Comparison

Updated:

Livingcost

Latvia South Korea
🚶 Cost of living one person
$1171
$1134
👨‍👩‍👧‍👦 Cost of living Family
$2907
$2805
🏠 One person rent
$563
$487
🏘️ Family rent
$942
$821
🍽️ Food expenses
$423
$443
🚐 Transport expenses
$64.9
$97.9
💳 Monthly salary after tax
$1333
$1998
💸 GDP per capita
$23368
$33121
😃 Human freedom index
8.49
8.23
❤️ Life expectancy
75.7
83.4
👮 Corruption perceptions index
59
64
🌐 English speaking %
45.9%
20%
🎓 Higher education
72
87
😀 Quality of life
74
85
🏙️ Population
1.86M
51.8M

The average cost of living in Latvia ($1171) is 3% more expensive than in South Korea ($1134). Latvia ranked 67th vs 74th 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 1.1 months in Latvia compared to 1.8 months in South Korea. Ranked 41st and 24th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Latvia vs South Korea infographic

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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
$6.71
🥂 Dinner in a Restaurant, for 2
$53.3
$35.2
🥪 Fast food meal, equiv. McDonald's
$8.71
$5.72
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.14
$3.29
 Cappuccino
$3.69
$3.56
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.82
$1.52
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$469
$483
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$339
$336
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$926
$1135
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$625
$721
🔌 Utility Bill one person, electricity, heating, water, etc.
$177
$101
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$273
$154
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$18.3
$20.6
🏦 Mortgage Interest Rate for 20 Years
4.39%
4.18%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2562
$10906
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1653
$6575
Transportation
🚌 Local transport ticket
$1.49
$1.03
🎟️ Monthly ticket local transport
$37.4
$44.6
🚕 Taxi Ride, 8 km or 5 mi
$9.19
$9.04
 Gas / Petrol, 1 L or 0.26 gal
$1.81
$1.15
Groceries
🥛 Milk, 1 L or 1 qt
$1.34
$2.06
🍞 Bread, 0.5 kg or 1.1 lb
$1.49
$2.83
🍚 Rice, 1 kg or 2.2 lb
$2.46
$2.6
🥚 Eggs, x12
$3.1
$3.1
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$12.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.8
$7.76
🥩 Round Steak, 1 kg or 2.2 lb
$11.4
$22.7
🍏 Apples, 1 kg or 2.2 lb
$1.68
$6.94
🍌 Banana, 1 kg or 2.2 lb
$1.85
$3.14
🍊 Oranges, 1 kg or 2.2 lb
$2.52
$5.93
🍅 Tomato, 1 kg or 2.2 lb
$3.35
$5.15
🥔 Potato, 1 kg or 2.2 lb
$0.99
$3.67
🧅 Onion, 1 kg or 2.2 lb
$1.1
$2.63
🌊 Water, 1 L or 1 qt
$0.61
$0.75
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.54
$2.23
🍾 Wine (mid-priced), 750 mL bottle
$9.31
$15.5
🍺 Beer, 0.5 L or 16 fl oz
$1.82
$1.88
🚬 Cigarette pack
$5.65
$3.11
💊 Cold medicince, 1 week
$8.34
$4.39
🧴 Hair Shampoo
$5.3
$4.78
🧻 Toilet paper, 4 rolls
$2.25
$2.51
👄 Toothpaste, 1 tube
$3.16
$1.68
Other
🏋️ Gym Membership, 1 month
$45.2
$48.3
🎫 Cinema Ticket, 1 person
$10.7
$9.93
👩‍⚕️ Doctor's visit
$47.2
$54.5
💇 Haircut, simple
$15.8
$9.46
👖 Brand Jeans
$80.7
$60.7
👟 Brand Sneakers
$89.3
$71.4
👶 Daycare or Preschool, 1 month
$502
$351
🏫 International Primary School, 1 year
$16425
$15508

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
$1270
605K
Daugavpils
$929
77.8K
Jelgava
$889
54.7K
Liepaja
$1034
66.7K
Jurmala
$1419
52.2K
Ventspils
$968
32.6K
Valmiera
$928
22.4K
Jekabpils
$894
21.2K
Ogre
$1046
22.8K
Rezekne
$840
26.1K

In South Korea

City Cost of living Population
Seoul
$1383
9.67M
Busan
$1108
3.45M
Incheon
$1088
2.94M
Daegu
$1062
2.38M
Gwangju
$1081
1.49M
Suwon
$1066
1.23M
Daejeon
$959
1.48M
Ulsan
$1076
1.13M
Seongnam
$1435
919K
Yongin
$1120
1.08M
Cheongju
$924
852K
Hwaseong
$1098
941K
Changwon
$1084
1.01M
Namyangju
$1138
732K
Gimhae
$975
534K
Siheung
$1307
520K
Pyeongtaek
$1141
590K
Pohang
$1024
504K
Goyang
$1097
1.06M
Cheonan
$1153
657K
Bucheon
$1175
772K
Jeju Island
$1100
678K
Uijeongbu
$918
463K
Ansan
$1049
623K
Jeju
$1069
492K
Gwangju
$1196
397K
Paju
$1065
498K
Gunsan
$1020
275K
Hanam
$1178
330K
Sejong
$1020
386K