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International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:


Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).


Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.


International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).


International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Pricing

International Cost of Living Calculator Pricing


7 Day Subscription = $39 per location (minimum of 2 locations required)


Annual Subscription = $89 per location (minimum of 2 locations required)


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Location Rankings

Cost of Living Comparison by City and Country


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Most Expensive Location Rankings


Latest Basket Group Rankings


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Location Reviews

Cost of Living Review by City and Country

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Latvia, Riga
Overview

Latvia, RigaRiga is the capital and largest city of Latvia. Riga is a major industrial, commercial, cultural and financial centre of the Baltics, and an important seaport.

Latvia is in Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania. The climate is maritime with wet, moderate winters.

The official language is Latvian. Latvian and Russian are the main languages, while Russian and English are most commonly used in international business meetings. Some younger-generation Latvians, particularly in Riga, speak excellent English. German and French are also spoken. Visitors should be sensitive about using Russian and German, which can offend people because of memories of Latvia's occupation by Nazi Germany and the Soviet Union. Use English first before venturing other languages. The main religion is Christianity.

The economy of Latvia was until the middle of 2008 the fastest growing economy in Europe. It has had high GDP growth since 2000. In 2003, GDP growth was 7.5% and inflation was 2.9%. Unemployment was 8.8% in 2003, almost unchanged compared to the previous two years. Privatization is mostly complete, except for some of the large state-owned utilities. In May 2004, Latvia joined the European Union.

Latvians are generally somewhat reserved, but hospitable. Expatriate business dress is conservative, comprising suits. Businesswomen are expected to dress conservatively.

The security risk for expatriates in Latvia is low. Risks include low levels of petty crime and car theft. Other risks include harassment, particularly of people belonging to visible ethnic and religious minority groups.

The currency of Latvia is the Euro (EUR). All major credit cards are accepted and there are plenty of ATMs.

Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high.

The population of Riga is 1 Million (2016 est.), while the inflation rate is 2.6% (July 2017).


Cost Of Living

The cost of living for expatriates / professional migrants in Riga as at 1 July 2017 is very low in comparison to other places in the world.

In Riga, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Low
2) Clothing: High
3) Communication: High
4) Education: Average
5) Furniture & Appliances: Very High
6) Groceries: Very Low
7) Healthcare: Very Low
8) Household Accommodation: Very Low
9) Miscellaneous: Average
10) Personal Care: Very Low
11) Recreation & Culture: Very High
12) Restaurants Meals Out and Hotels: Average
13) Transport: Low

Riga is for example -14.3% cheaper than Houston TX for groceries, -29.7% cheaper for household costs than Kuala Lumpur, and 0.8% more expensive for transport costs than Dubai.

Riga is ranked as a high degree of hardship location.

The hardship premium for Riga for an expat from Perth, is for example 20%, i.e. host location (Riga) premium of 30% minus home (Perth) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Riga? Register subscribe to your home location and Riga and run your personalised reports.

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