GeraHome / Cost of Living in Europe / Latvia
Cost of Living in Latvia
Real Eurostat cost-of-living and household energy prices for Latvia, with its Gera EU Cost Index of 85.4 (ranked 19 of 27 EU countries).
How expensive is Latvia — cost of living and energy prices?
As of 2024, Latvia's price level for household consumption is 81.8 (EU=100), below the EU average, per Eurostat. Household electricity costs €0.25/kWh (2025-S2) and gas €0.08/kWh. Its Gera EU Cost Index is 85.4 (EU median 96.9), ranked 19 of 27 EU countries by overall cost.
Latvia cost & energy figures
| Metric | Value | vs EU average |
|---|---|---|
| Price level (household consumption) | 81.8 (EU=100) | -18.2 pts |
| Household electricity (all taxes) | €0.25/kWh (2025-S2) | -15.3% |
| Household gas (all taxes) | €0.08/kWh (2025-S2) | -18.5% |
| Gera EU Cost Index | 85.4 | median 96.9 |
| EU cost rank | 19 of 27 | — |
Compare with another EU country
See real Eurostat cost & energy figures side by side
Compare two EU countries
Pick two EU member states to see the real Eurostat cost-of-living gap, electricity and gas prices, and the Gera EU Cost Index difference.
| Metric | Latvia | Austria |
|---|---|---|
| Price level (EU=100) | 81.8 | 112.8 |
| Electricity (all taxes) | €0.25/kWh | €0.33/kWh |
| Gas (all taxes) | €0.08/kWh | €0.12/kWh |
| Gera EU Cost Index | 85.4 | 117.8 |
| EU cost rank (of 27) | #19 | #7 |
Austria is the more expensive of the two — its Gera EU Cost Index of 117.8 is 32.4 points above Latvia (85.4). Overall consumer prices are -27.5% and electricity is -25.1% in Latvia versus Austria. EU median index: 96.9.
Cost of living in Latvia — FAQ
- Is Latvia expensive to live in?
- Latvia's price level for household consumption is 81.8 against an EU average of 100 (Eurostat, 2024), making it cheaper than the EU average. On the Gera EU Cost Index it ranks 19 of 27 EU countries with a score of 85.4 (EU median 96.9).
- How much does electricity cost in Latvia?
- Household electricity in Latvia cost €0.25/kWh including all taxes and levies in 2025-S2, for a typical household (2 500–4 999 kWh/year), per Eurostat (nrg_pc_204). The EU average was €0.29/kWh.
- How much does gas cost in Latvia?
- Household natural gas in Latvia cost €0.08/kWh including all taxes in 2025-S2, for a typical household (20–199 GJ/year), per Eurostat (nrg_pc_202).
Setting up home in Latvia?
From installs and repairs to full home setup, GeraHome connects you to vetted local tradespeople. Get free quotes in minutes.
Related
- EU Cost of Living & Energy Prices by Country — the full Gera EU Cost Index ranking.
- UK energy price cap & appliance running costs — the current Ofgem cap.
Contains public sector information published by Eurostat (European Commission) and licensed under the Eurostat reuse policy (© European Union — free reuse with attribution). Source: Eurostat — Price level indices for household final consumption (prc_ppp_ind) (2024 (price levels) · second half of 2025 (2025-S2) (energy), published June 2025 (price levels) · May 2026 (energy)).