Published: Monday, 21th October 2024
The cost of living in Latvia is 3.79 times less expensive as compared to Monaco.
On this page, you will find side-by-side cost comparison between Latvia and Monaco. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Latvia and Monaco.
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Indicators | Latvia | Monaco |
---|---|---|
1 BHK Apartment in City Center | 800 EUR (889.68 USD) | 3,500 EUR (3,892.35 USD) |
2 BHK Apartment in City Center | 1,200 EUR (1,334.52 USD) | 6,000 EUR (6,672.60 USD) |
3 BHK Apartment in City Center | 1,800 EUR (2,001.78 USD) | 9,000 EUR (10,008.90 USD) |
1 BHK Apartment outside City Center | 600 EUR (667.26 USD) | 2,500 EUR (2,780.25 USD) |
2 BHK Apartment outside City Center | 900 EUR (1,000.89 USD) | 4,000 EUR (4,448.40 USD) |
3 BHK Apartment outside City Center | 1,200 EUR (1,334.52 USD) | 6,000 EUR (6,672.60 USD) |
Mortgage Rates Per Month | 3 % | 1.5 % |
Realtor Commission | 2 % | 5 % |
Property Taxes | 0.2 to 0.6 % | Yet to Update |
The average housing cost in Latvia is 4.73 times less expensive than Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Basic Home Furnishing | 2,000 EUR (2,224.20 USD) | 20,000 EUR (22,242 USD) |
Electricity Cost Per Month | 100 EUR (111.21 USD) | 100 EUR (111.21 USD) |
Heating Cost Per Month | 150 EUR (166.82 USD) | 150 EUR (166.82 USD) |
Cooling Cost Per Month | 80 EUR (88.97 USD) | 80 EUR (88.97 USD) |
Water Supply Cost Per Month | 50 EUR (55.61 USD) | 50 EUR (55.61 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 88.32% less for Utilities.
The basic home furnishing in Latvia costs 10.00 times less compared to Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Standard Wifi Cost Per Month | 30 EUR (33.36 USD) | 60 EUR (66.73 USD) |
Mobile Phone Basic Plan Cost Per Month | 20 EUR (22.24 USD) | 40 EUR (44.48 USD) |
Landline Basic Plan Cost Per Month | 15 EUR (16.68 USD) | 30 EUR (33.36 USD) |
Cable TV Basic Plan Cost Per Month | 40 EUR (44.48 USD) | 80 EUR (88.97 USD) |
The internet and communication costs 50.00% less in Latvia compared to Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Long Grain Rice (1 KG) | 2.50 EUR (2.78 USD) | 3 EUR (3.34 USD) |
Milk (1 Liter) | 1.10 EUR (1.22 USD) | 1.50 EUR (1.67 USD) |
Water (1 Liter) | 0.70 EUR (0.78 USD) | 1 EUR (1.11 USD) |
Bread (500 gm) | 1.50 EUR (1.67 USD) | 2 EUR (2.22 USD) |
Eggs (1 Dozen) | 2 EUR (2.22 USD) | 3.50 EUR (3.89 USD) |
Cheese (1 KG) | 5 EUR (5.56 USD) | 8 EUR (8.90 USD) |
Chicken Breast (1 KG) | 7 EUR (7.78 USD) | 10 EUR (11.12 USD) |
In Latvia, the cost of 1 Liter Water and 1 Liter Milk is 1.39 times less expensive than the cost in Monaco.
If you lived in Latvia, instead of Monaco, you would have to pay 31.72% less for Groceries.
Indicators | Latvia | Monaco |
---|---|---|
Apples (1 KG) | 2 EUR (2.22 USD) | 3 EUR (3.34 USD) |
Bananas (1 KG) | 2.50 EUR (2.78 USD) | 2.50 EUR (2.78 USD) |
Oranges (1 KG) | 3 EUR (3.34 USD) | 3 EUR (3.34 USD) |
Tomatoes (1 KG) | 2.50 EUR (2.78 USD) | 3 EUR (3.34 USD) |
Potatoes (1 KG) | 1.50 EUR (1.67 USD) | 2 EUR (2.22 USD) |
Lemons (1 KG) | 3 EUR (3.34 USD) | 3.50 EUR (3.89 USD) |
Onions (1 KG) | 2 EUR (2.22 USD) | 2 EUR (2.22 USD) |
Lentils (1 KG) | 2.50 EUR (2.78 USD) | 3.50 EUR (3.89 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 1.18 times less for Fruits and Vegetables.
Indicators | Latvia | Monaco |
---|---|---|
Meal at a Resonable Restaurant | 10 EUR (11.12 USD) | 20 EUR (22.24 USD) |
Three-Course Meal for Two | 30 EUR (33.36 USD) | 80 EUR (88.97 USD) |
Fast Food Combo Meal | 6 EUR (6.67 USD) | 8 EUR (8.90 USD) |
Normal Coffee | 2 EUR (2.22 USD) | 3 EUR (3.34 USD) |
Soft Drink | 1.50 EUR (1.67 USD) | 2.50 EUR (2.78 USD) |
Pizza for One | 10 EUR (11.12 USD) | 15 EUR (16.68 USD) |
Take-Out Delivery Meal | 8 EUR (8.90 USD) | 15 EUR (16.68 USD) |
Cigarette Pack of 20 | 5 EUR (5.56 USD) | 7 EUR (7.78 USD) |
Dining-Out costs 51.83% less in Latvia compared to Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Wine Mid-Range Bottle | 8 EUR (8.90 USD) | 10 EUR (11.12 USD) |
Glass of Wine | 6 EUR (6.67 USD) | 5 EUR (5.56 USD) |
Domestic Beer Half Liter | 2 EUR (2.22 USD) | 3 EUR (3.34 USD) |
Imported Beer Half Liter | 3 EUR (3.34 USD) | 4 EUR (4.45 USD) |
Domestic Alcohol 1 Liter | 8 EUR (8.90 USD) | 10 EUR (11.12 USD) |
Branded Alcohol 1 Liter | 12 EUR (13.35 USD) | 30 EUR (33.36 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 1.59 times less for usual hard drinks.
Indicators | Latvia | Monaco |
---|---|---|
Monthly Public Transportation Pass | 30 EUR (33.36 USD) | 30 EUR (33.36 USD) |
Single Public Transportation Ticket | 1.50 EUR (1.67 USD) | 1 EUR (1.11 USD) |
Single Train Ticket | 10 EUR (11.12 USD) | Yet to Update () |
Domestic Airplane Ticket | 150 EUR (166.82 USD) | 50 EUR (55.61 USD) |
Taxi Start Fare | 2 EUR (2.22 USD) | 10 EUR (11.12 USD) |
Taxi Rate Per Kilometer | 1 EUR (1.11 USD) | 2 EUR (2.22 USD) |
Car Rental Per Day | 40 EUR (44.48 USD) | 70 EUR (77.85 USD) |
Parking Fees in City Center Per Hour | 2 EUR (2.22 USD) | 10 EUR (11.12 USD) |
Parking Fees outside City Center Per Hour | 1 EUR (1.11 USD) | 5 EUR (5.56 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 1.33 times more for transportation.
Indicators | Latvia | Monaco |
---|---|---|
Reasonable Vehicle Purchase Cost | 15,000 EUR (16,681.50 USD) | 20,000 EUR (22,242 USD) |
Vehicle Registration Cost | 100 EUR (111.21 USD) | 500 EUR (556.05 USD) |
Driving License Fees | 50 EUR (55.61 USD) | 150 EUR (166.82 USD) |
Car Insurance Cost | 400 EUR (444.84 USD) | 1,000 EUR (1,112.10 USD) |
Car Maintenance Cost | 150 EUR (166.82 USD) | 500 EUR (556.05 USD) |
Car Loan Interest Rates | 3.5 % | 5 % |
Fuel Per Liter | 1.50 EUR (1.67 USD) | 1.70 EUR (1.89 USD) |
Fuel Per Gallon | 5.50 EUR (6.12 USD) | 7 EUR (7.78 USD) |
Average Toll Fees | 5 EUR 5.56 USD | Yet to Update |
You would have to pay 1.41 times less for Vehicle purchase, daily operation and maintenance in Latvia compared to that of Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Doctor Visit | 30 EUR (33.36 USD) | 150 EUR (166.82 USD) |
Specialist Visit | 50 EUR (55.61 USD) | 250 EUR (278.03 USD) |
Dentist Visit | 40 EUR (44.48 USD) | 200 EUR (222.42 USD) |
Eye Exam | 25 EUR (27.80 USD) | 100 EUR (111.21 USD) |
Mental Health Counseling | 50 EUR (55.61 USD) | 150 EUR (166.82 USD) |
Preventive Health Screening | 30 EUR (33.36 USD) | 100 EUR (111.21 USD) |
Physical Therapy | 40 EUR (44.48 USD) | 100 EUR (111.21 USD) |
Emergency Room Visit | 60 EUR (66.73 USD) | 500 EUR (556.05 USD) |
Hospital Stay Per Night | 100 EUR (111.21 USD) | 800 EUR (889.68 USD) |
Vaccinations | 20 EUR (22.24 USD) | 50 EUR (55.61 USD) |
Prescription Medication | 10 EUR (11.12 USD) | 50 EUR (55.61 USD) |
Over the Counter Medication | 5 EUR (5.56 USD) | 20 EUR (22.24 USD) |
Health Insurance Premiums | 80 EUR (88.97 USD) | 300 EUR (333.63 USD) |
Health Insurance Deductibles | 30 EUR (33.36 USD) | 200 EUR (222.42 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 5.21 times less for Health and Medical Treatment.
Indicators | Latvia | Monaco |
---|---|---|
Cosmetic Procedures | 100 EUR (111.21 USD) | 1,000 EUR (1,112.10 USD) |
Spa Treatment | 50 EUR (55.61 USD) | 200 EUR (222.42 USD) |
Manicure Pedicure Cost | 20 EUR (22.24 USD) | 50 EUR (55.61 USD) |
Optical Glasses Cost | 100 EUR (111.21 USD) | 150 EUR (166.82 USD) |
Contact Lenses Cost | 50 EUR (55.61 USD) | 50 EUR (55.61 USD) |
Haircuts | 15 EUR (16.68 USD) | 25 EUR (27.80 USD) |
Hair Coloring | 50 EUR (55.61 USD) | 100 EUR (111.21 USD) |
Shampoo Price | 2 EUR (2.22 USD) | 5 EUR (5.56 USD) |
Toothpaste Price | 1 EUR (1.11 USD) | 3 EUR (3.34 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 4.08 times less for Personal Care Items and Treatment.
Indicators | Latvia | Monaco |
---|---|---|
Pair of Nike Running Shoes | 100 EUR (111.21 USD) | 120 EUR (133.45 USD) |
Men's Shirt | 40 EUR (44.48 USD) | 60 EUR (66.73 USD) |
Women's Dress | 70 EUR (77.85 USD) | 80 EUR (88.97 USD) |
Summer Dress | 50 EUR (55.61 USD) | 60 EUR (66.73 USD) |
Men's Suit | 300 EUR (333.63 USD) | 300 EUR (333.63 USD) |
Men's Jeans | 60 EUR (66.73 USD) | 80 EUR (88.97 USD) |
Women's Jeans | 60 EUR (66.73 USD) | 80 EUR (88.97 USD) |
Men's Formal Shoes | 120 EUR (133.45 USD) | 120 EUR (133.45 USD) |
Women's Formal Shoes | 100 EUR (111.21 USD) | 120 EUR (133.45 USD) |
Men's Casual Shoes | 80 EUR (88.97 USD) | 80 EUR (88.97 USD) |
Women's Casual Shoes | 50 EUR (55.61 USD) | 80 EUR (88.97 USD) |
Underwear For Men | 10 EUR (11.12 USD) | 10 EUR (11.12 USD) |
Underwear For Women | 12 EUR (13.35 USD) | 15 EUR (16.68 USD) |
Socks For Men | 5 EUR (5.56 USD) | 5 EUR (5.56 USD) |
Socks For Women | 6 EUR (6.67 USD) | 5 EUR (5.56 USD) |
Wintercoat for Adults | 100 EUR (111.21 USD) | 150 EUR (166.82 USD) |
Sportswear | 60 EUR (66.73 USD) | 80 EUR (88.97 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 1.18 times less for Clothing and Footwear for Adults.
Indicators | Latvia | Monaco |
---|---|---|
Children's Jeans | 30 EUR (33.36 USD) | 50 EUR (55.61 USD) |
Children's Normal Sneakers | 40 EUR (44.48 USD) | 60 EUR (66.73 USD) |
Children's Winter Coat | 60 EUR (66.73 USD) | 80 EUR (88.97 USD) |
Daycare for Infant | 400 EUR (444.84 USD) | 1,000 EUR (1,112.10 USD) |
Daycare for Toddler | 350 EUR (389.24 USD) | 800 EUR (889.68 USD) |
Childcare for Sick Days | 20 EUR (22.24 USD) | 100 EUR (111.21 USD) |
Early Childhood Education Programs | 300 EUR (333.63 USD) | 500 EUR (556.05 USD) |
Extra Curricular Activities | 60 EUR (66.73 USD) | 200 EUR (222.42 USD) |
Summer Camp for Kids | 200 EUR (222.42 USD) | 800 EUR (889.68 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 2.46 times less for Childcare and kids clothing.
Indicators | Latvia | Monaco |
---|---|---|
PreSchool Fees | 450 EUR (500.45 USD) | 1,500 EUR (1,668.15 USD) |
Primary School Fees | 800 EUR (889.68 USD) | 2,000 EUR (2,224.20 USD) |
Secondary School Fees | 1,200 EUR (1,334.52 USD) | 3,000 EUR (3,336.30 USD) |
Private School Fees | 2,000 EUR (2,224.20 USD) | 5,000 EUR (5,560.50 USD) |
University Tuition Fees | 3,000 EUR (3,336.30 USD) | 20,000 EUR (22,242 USD) |
University Private Tuition Fees | 4,500 EUR (5,004.45 USD) | 40,000 EUR (44,484 USD) |
After School Activities | 100 EUR (111.21 USD) | 200 EUR (222.42 USD) |
Special Education Services | 200 EUR (222.42 USD) | 400 EUR (444.84 USD) |
Tutoring | 25 EUR (27.80 USD) | 100 EUR (111.21 USD) |
Textbooks Cost | 50 EUR (55.61 USD) | 50 EUR (55.61 USD) |
School Supplies | 30 EUR (33.36 USD) | 30 EUR (33.36 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 5.85 times less for school and education.
Indicators | Latvia | Monaco |
---|---|---|
Movie Ticket (Single) | 7 EUR (7.78 USD) | 15 EUR (16.68 USD) |
Theater Ticket (Single) | 15 EUR (16.68 USD) | 50 EUR (55.61 USD) |
Concert Ticket (Single) | 20 EUR (22.24 USD) | 60 EUR (66.73 USD) |
Sports Event Ticket (Single) | 18 EUR (20.02 USD) | 50 EUR (55.61 USD) |
Gym Membership | 30 EUR (33.36 USD) | 60 EUR (66.73 USD) |
Swimming Pool Access | 15 EUR (16.68 USD) | 40 EUR (44.48 USD) |
Museum Entry Ticket | 5 EUR (5.56 USD) | 10 EUR (11.12 USD) |
Zoo Entry Ticket | 10 EUR (11.12 USD) | 20 EUR (22.24 USD) |
Amusement Park Entry Ticket | 15 EUR (16.68 USD) | 30 EUR (33.36 USD) |
Bowling | 10 EUR (11.12 USD) | 20 EUR (22.24 USD) |
Mini Golf | 8 EUR (8.90 USD) | 15 EUR (16.68 USD) |
Video Games | 60 EUR (66.73 USD) | 40 EUR (44.48 USD) |
Streaming Services | 15 EUR (16.68 USD) | 15 EUR (16.68 USD) |
Outdoor Equipment Rental | 20 EUR (22.24 USD) | 30 EUR (33.36 USD) |
Theme Park Annual Pass | 150 EUR (166.82 USD) | 500 EUR (556.05 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 2.40 times less for entertainment, recreation and fun activities.
Indicators | Latvia | Monaco |
---|---|---|
Language Classes | 150 EUR (166.82 USD) | 300 EUR (333.63 USD) |
Parenting Classes | 60 EUR (66.73 USD) | 150 EUR (166.82 USD) |
Art Classes | 20 EUR (22.24 USD) | 30 EUR (33.36 USD) |
Fitness Classes | 15 EUR (16.68 USD) | 20 EUR (22.24 USD) |
Music Lessons | 25 EUR (27.80 USD) | 50 EUR (55.61 USD) |
Dance Lessons | 30 EUR (33.36 USD) | 50 EUR (55.61 USD) |
Reading Materials for Classes | 10 EUR (11.12 USD) | 10 EUR (11.12 USD) |
Educational Software | 80 EUR (88.97 USD) | 150 EUR (166.82 USD) |
If you lived in Latvia, instead of Monaco, you would have to pay 1.95 times less for Private Classes.
Indicators | Latvia | Monaco |
---|---|---|
Average Gross Monthly Salary | 1,500 EUR (1,668.15 USD) | 5,000 EUR (5,560.50 USD) |
Average Net Monthly Salary | 1,100 EUR (1,223.31 USD) | 3,500 EUR (3,892.35 USD) |
Minimum Wages | 20 EUR per hour (22.24 USD) | 66.67 EUR per hour (74.14 USD) |
Average Bonus | 500 EUR (556.05 USD) | 5,000 EUR (5,560.50 USD) |
Income Tax Rate | 0 to 21 % | 0 to 20 % |
Social Security Contributions | 10 % | Yet to Update |
Pension Contributions | 5 % | Yet to Update |
Cost of Living Index | 50 | 12 |
Median Household Income | 2,000 EUR (2,224.20 USD) | 7,000 EUR (7,784.70 USD) |
If you lived in Latvia, you would earn 4.02 times less salary as compared to Monaco.
Indicators | Latvia | Monaco |
---|---|---|
Legal Consultation Per Hour Rate | 60 EUR (66.73 USD) | 300 EUR (333.63 USD) |
Accounting Services Per Hour Rate | 50 EUR (55.61 USD) | 250 EUR (278.03 USD) |
IT Support Services Per Hour Rate | 40 EUR (44.48 USD) | 200 EUR (222.42 USD) |
Technician Services Per Hour Rate | 50 EUR (55.61 USD) | 150 EUR (166.82 USD) |
Professional Services cost 4.50 times less in Latvia, as compared to Monaco.
We hope you enjoyed the detailed guide on the cost of living comparsion between Latvia and Monaco.
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