|Country||Monthly minimum wage||Hourly rate|
How much does Latvia pay per hour?
The average hourly wage (pay per hour) in Latvia is 8 LVL. This means that the average person in Latvia earns approximately 8 LVL for every worked hour.
What is the basic salary in Latvia?
In 2021, the national minimum wage in Latvia remained fixed at 500 € per month, that is 6,000 euros per year, taking into account 12 payments per year. Accordingly the national minimum wage has been raised 70 Euros per month from the previous year, 16.28%.
What is average salary in Riga?
How much money does a person working in Riga make? A person working in Riga typically earns around 1,410 LVL per month. Salaries range from 360 LVL (lowest average) to 6,280 LVL (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
What is a good salary in Riga?
Average Salary in Riga, Latvia
The average salary in Riga is considerably higher than the minimum. Currently the average net wage in Riga is of 850 euros per month as of 2021.
Is Latvia a poor or rich country?
Latvia is the third poorest country in the European Union. 02.07. 2019. In the field of anti-poverty policy, Latvia is the third poorest and most marginalized country, with a dramatic increase in the gap between the poor and the rich in recent years.
What is the cost of living in Latvia?
Summary: Family of four estimated monthly costs are 2,379$ (2,026€) without rent. A single person estimated monthly costs are 694$ (591€) without rent. Cost of living in Latvia is, on average, 29.27% lower than in United States.
What is the main industry in Latvia?
Four cornerstones of the Latvian economy are agriculture, chemicals, logistics and woodworking. Other prominent sectors include textiles, food processing, machinery production and green technologies. Agriculture enjoys the fertile soil and temperate climate of Latvia.
How much do students earn in Latvia?
You can make 100 euros a month or 1000 euros a month – it depends on how many hours you work and how much your job wants to pay you. If youwor with customers, you must know some Latvian, Russian and English. If you work as an English teacher at school, then you can use only English.
How expensive is it to live in Riga?
Summary about cost of living in Riga, Latvia: Family of four estimated monthly costs are 2,511$ (2,143€) without rent. A single person estimated monthly costs are 731$ (624€) without rent.