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Latvia country profile

Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.

Coutry's neighbours are:Estonia, Russia, Belarus, Lithuania.

Most prosperous jobs in Latvia

generic jobsIn terms of job opportunities, Latvia has several prosperous industries. The information technology sector is one of the most promising areas, with a growing number of companies specializing in software development, telecommunications, and e-commerce. The manufacturing industry is also significant, particularly in the production of machinery, electronics, and textiles. Additionally, Latvia's tourism sector has been steadily expanding, creating job openings in hospitality, travel agencies, and cultural heritage preservation. The country's strong agricultural sector offers opportunities in farming, food processing, and forestry. Furthermore, Latvia is known for its expertise in the financial services industry, including banking, insurance, and investment management. Overall, these industries provide a diverse range of job prospects for individuals seeking employment in Latvia.

Average costs of living in Latvia

The Cost of Living in Latvia: A Comprehensive Overview

Introduction Latvia, a beautiful Baltic nation in Northern Europe, offers a high quality of life at an affordable cost. This article aims to provide a detailed insight into the costs of living in Latvia, including approximate expenses in USD and a summary of monthly expenses.

Accommodation Renting a one-bedroom apartment in the city center can cost around $500 to $700 per month, while outside the city center, the prices drop to approximately $400 to $600. Utilities such as electricity, heating, water, and garbage add an extra $100 to $150 per month.

Food The cost of groceries in Latvia is relatively affordable. On average, a monthly grocery bill for a single person is around $200 to $250. Dining out occasionally at a mid-range restaurant may cost around $10 to $15 for a meal.

Transportation Public transportation in Latvia is reliable and reasonably priced. A monthly ticket for unlimited travel within the city costs about $30. Taxi fares start at $2 and increase by $0.40 per kilometer.

Healthcare Latvia provides universal healthcare, and the costs are relatively low compared to other European countries. Monthly health insurance premiums range from $40 to $70, depending on the coverage.

Education Primary and secondary education in Latvia is free of charge for citizens and permanent residents. However, if you choose an international school or higher education, tuition fees can vary from $2,000 to $10,000 per year.

Entertainment and Leisure Engaging in recreational activities and entertainment can be affordable in Latvia. A movie ticket costs around $7, while gym memberships range from $25 to $50 per month. Additionally, cultural events and festivals often offer free or low-cost admission.

Internet and Communication A monthly internet plan with unlimited data costs approximately $15 to $30. Mobile phone plans with data and calling services start at around $5 per month.

Clothing The cost of clothing in Latvia varies depending on personal preferences and shopping habits. On average, a basic pair of jeans may cost around $30, while a mid-range branded dress could be priced between $50 and $100.

Miscellaneous Expenses Other miscellaneous expenses, including personal care items, household supplies, and leisure activities, may amount to approximately $100 to $150 per month.

Summary of Monthly Expenses Considering the aforementioned costs, an estimated monthly budget for a single person living in Latvia would be around $900 to $1,200. This includes accommodation, utilities, food, transportation, healthcare, education, entertainment, internet, communication, clothing, and miscellaneous expenses.

Conclusion Latvia offers a relatively affordable cost of living while providing a high standard of living. With reasonable expenses across various categories, it is an attractive destination for both locals and expatriates seeking an enjoyable and cost-effective lifestyle.

Top 10 higest salaries in Latvia

1. Orthopaedic surgeon (216,774 EUR per year, pre-tax.)
2. Cardiologist (180,450 EUR per year, pre-tax.)
3. Medical director neurosurgery (174,356 EUR per year, pre-tax.)
4. Neurosurgeon (168,966 EUR per year, pre-tax.)
5. Colorectal surgeon (168,732 EUR per year, pre-tax.)
6. Oncologist (164,748 EUR per year, pre-tax.)
7. Chiropractic radiologist (164,748 EUR per year, pre-tax.)
8. Oral and maxillofacial surgeon (164,748 EUR per year, pre-tax.)
9. Plastic surgeon (164,748 EUR per year, pre-tax.)
10. Dermatologist (164,748 EUR per year, pre-tax.)

Data as of 2023

Random salary:
Biomedical technician (18,748 EUR per year, pre-tax.)
Quality manager (34,215 EUR per year, pre-tax.)
Laser technician (18,514 EUR per year, pre-tax.)
Resident director (college university) (13,358 EUR per year, pre-tax.)
Certified massage therapist (cmt) (17,811 EUR per year, pre-tax.)