Latvia vs Venezuela - Cost of Living Comparison

Updated:

Livingcost

Latvia Venezuela
🚶 Cost of living one person
$1157
$838
👨‍👩‍👧‍👦 Cost of living Family
$2918
$2146
🏠 One person rent
$540
$226
🏘️ Family rent
$902
$374
🍽️ Food expenses
$431
$415
🚐 Transport expenses
$68.5
$103
💳 Monthly salary after tax
$1392
$222
💸 GDP per capita
$23409
$4218
😃 Human freedom index
8.51
4.44
❤️ Life expectancy
75.7
72.5
👮 Corruption perceptions index
60
10
🌐 English speaking %
45.9%
1%
🎓 Higher education
72
63
😀 Quality of life
75
27
🏙️ Population
1.87M
28.4M

The average cost of living in Latvia ($1157) is 38% more expensive than in Venezuela ($838). Latvia ranked 72nd vs 123rd for Venezuela 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 0.3 months in Venezuela. Ranked 42nd and 159th best countries to live in the world.

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the estimated difference in money purchasing power

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Prices in Latvia vs Venezuela

We calculate prices for Latvia and Venezuela as a population-weighted mean of 10 and 77 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 Venezuela
Eating Out
🍱 Lunch Menu
$13.1
$9.46
🥂 Dinner in a Restaurant, for 2
$56.1
$45.1
🥪 Fast food meal, equiv. McDonald's
$8.69
$10.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$5.18
$1.69
 Cappuccino
$3.59
$2.98
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.64
$1.37
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$485
$247
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$332
$161
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$914
$520
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$643
$386
🔌 Utility Bill one person, electricity, heating, water, etc.
$158
$17.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$242
$27.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$19.2
$32.6
🏦 Mortgage Interest Rate for 20 Years
4.27%
21.48%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2560
$652
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1757
$411
Transportation
🚌 Local transport ticket
$1.51
$0.43
🎟️ Monthly ticket local transport
$37.9
$31.2
🚕 Taxi Ride, 8 km or 5 mi
$10.5
$24.8
 Gas / Petrol, 1 L or 0.26 gal
$1.91
$0.66
Groceries
🥛 Milk, 1 L or 1 qt
$1.32
$2.36
🍞 Bread, 0.5 kg or 1.1 lb
$1.44
$1.95
🍚 Rice, 1 kg or 2.2 lb
$2.25
$1.53
🥚 Eggs, x12
$3.55
$3.21
🧀 Cheese, 1 kg or 2.2 lb
$11.7
$7.13
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.14
$7.64
🥩 Round Steak, 1 kg or 2.2 lb
$13.5
$9.24
🍏 Apples, 1 kg or 2.2 lb
$2.04
$5.84
🍌 Banana, 1 kg or 2.2 lb
$1.87
$1.65
🍊 Oranges, 1 kg or 2.2 lb
$2.48
$1.79
🍅 Tomato, 1 kg or 2.2 lb
$3.43
$1.95
🥔 Potato, 1 kg or 2.2 lb
$1.04
$2.09
🧅 Onion, 1 kg or 2.2 lb
$1
$2
🌊 Water, 1 L or 1 qt
$0.62
$1.34
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.81
$2.15
🍾 Wine (mid-priced), 750 mL bottle
$8.36
$11.2
🍺 Beer, 0.5 L or 16 fl oz
$1.87
$1.43
🚬 Cigarette pack
$6.39
$3.76
💊 Cold medicince, 1 week
$9.22
$7.76
🧴 Hair Shampoo
$5.58
$5.81
🧻 Toilet paper, 4 rolls
$2.25
$3.19
👄 Toothpaste, 1 tube
$3.2
$2.55
Other
🏋️ Gym Membership, 1 month
$44.3
$37.4
🎫 Cinema Ticket, 1 person
$10.4
$5.43
👩‍⚕️ Doctor's visit
$50.2
$43
💇 Haircut, simple
$15.1
$11.2
👖 Brand Jeans
$71.2
$52.7
👟 Brand Sneakers
$84.7
$101
👶 Daycare or Preschool, 1 month
$580
$114
🏫 International Primary School, 1 year
$17677
$5400

Cost of living in other countries

Cost of living

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 Venezuela

City Cost of living Population
Caracas
$1253
2.25M
Maracaibo
$716
1.55M
Valencia
$787
1.48M
Barinas
$859
874K
Maracay
$756
1.1M
Barquisimeto
$724
1.06M
Catia La Mar
$1080
662K
Ciudad Guayana
$896
751K
Maturin
$830
753K
Barcelona
$873
550K
Santa Teresa del Tuy
$832
525K
Ciudad Bolivar
$846
568K
Cumana
$680
375K
Cabimas
$698
352K
Merida
$724
248K
Puerto la Cruz
$716
306K
Los Teques
$1025
333K
Valera
$761
250K
Punto Fijo
$710
288K
San Cristobal
$685
286K
La Guaira
$1058
204K
Guarenas
$954
209K
Turmero
$863
255K
Cua
$748
215K
El Tigre
$752
214K
Guatire
$947
187K
La Victoria
$847
214K
San Felipe
$788
221K
Puerto Cabello
$838
209K
San Fernando de Apure
$827
194K