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Italy vs Latvia: salary & cost of living
Which offers better value? A real Eurostat comparison of take-home pay and cost of living, with each country’s Gera EU Value Index.
Italy vs Latvia: which is better value to live in?
As of 2024, Italy offers better salary-to-cost value than Latvia on the Gera EU Value Index (88.6 vs 73.3, a 15.3-point gap, EU≈100). Italy pays €23,959 net a year versus €15,450 in Latvia; cost-of-living indices are 109.5 and 85.4. Figures from Eurostat (earnings & price levels).
Italy vs Latvia — head to head
| Metric | Italy | Latvia |
|---|---|---|
| Net annual take-home pay | €23,959 | €15,450 |
| PPS earnings index (EU=100) | 102.4 | 78.8 |
| Cost of living (EU=100) | 109.5 | 85.4 |
| Gera EU Value Index | 88.6 | 73.3 |
| EU value rank (of 27) | #17 | #25 |
Compare your salary in Italy and Latvia
Index your take-home pay against the EU norm in both
How far does your salary go in the EU?
Enter a net (take-home) salary and pick two EU countries. We index it against the EU norm using the same real Eurostat earnings and cost-of-living figures behind the Gera EU Value Index.
| Metric | Italy | Austria |
|---|---|---|
| Your salary, locally | €35,000 | €35,000 |
| Salary value vs EU norm | 129.5 | 120.4 |
| Local cost of living (EU=100) | 109.5 | 117.8 |
| Typical local net pay | €23,959 | €35,824 |
| Gera EU Value Index | 88.6 (#17) | 123.2 (#2) |
On €35,000 a year, your salary stretches further in Italy — a value index of 129.5 against the EU norm of 100, because its cost of living is 109.5 (EU=100). The same salary indexes 129.5 in Italy and 120.4 in Austria. The Gera EU Value Index median is 94.9.
Italy vs Latvia — FAQ
- Is Italy or Latvia better value to live in?
- Italy offers better salary-to-cost value on the Gera EU Value Index (88.6 vs 73.3, EU≈100, 2024). Italy pays €23,959 net a year and Latvia €15,450; their cost-of-living indices are 109.5 and 85.4. Figures from Eurostat.
- Where is the salary higher — Italy or Latvia?
- Italy has the higher net annual take-home pay at €23,959 versus €15,450 in Latvia, for a single person at 100% of the average wage (Eurostat earn_nt_net, 2024). A higher salary does not always mean better value once cost of living is taken into account.
- Where is the cost of living lower — Italy or Latvia?
- Latvia has the lower cost of living, with a Gera EU Cost Index of 85.4 versus 109.5 (EU average ≈ 100), built from Eurostat price levels and household energy prices.
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Contains public sector information published by Eurostat (European Commission) and licensed under the Eurostat reuse policy (© European Union — free reuse with attribution). Source: Eurostat — Net annual earnings (earn_nt_net), single person at 100% of average wage (2024 (earnings) · 2024 price levels / 2025-S2 energy (cost of living), published 2025 (Eurostat earnings release)).