The average and minimum salary in Riga, Latvia will be analyzed in this post aimed at expats and prospective visitors to this Baltic nation
Are you considering visiting or moving to Latvia? This analysis of the average and minimum salary in Riga, Latvia will help you to better understand the economy of the country.
Riga is the capital of Latvia and one of the most beautiful cities in Northeastern Europe. Boasting a dynamic economy, the city attracts a number of foreign companies that set business in the city.
Minimum Salary in Riga, Latvia
Even if Latvia’s economy has grown consistently since the 90’s, Latvia is still one of the poorest countries of the EU. Low labor costs in the country attract a sizeable number of foreign companies to Latvia. These companies usually employ Latvian nationals and foreigners.
The current gross minimum salary in Riga, Latvia is of € 430 as of 2019. That is currently the lowest amount in the Baltic States, as Latvia and Lithuania are getting higher minimum salaries hikes in the past years.
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 770 euros per month according to Numbeo. These are certainly not impressive figures but as an expat, if you have an offer to move to Riga, it will probably be for a higher salary.
Riga, Latvia Economic Outlook
Latvia has recently adopted the Euro single currency and is a full European Union member. The third sector is the strongest in the country, and there are opportunities for foreigners in a few markets. The main offers with opportunities for expats are IT, gastronomy and tourism.
The economic forest for Latvia and the Baltic States is mostly favorable. Latvia will probably grow in the next years, even if this growth will be rather modest.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
CheapOair: this is one of my favorite websites for buying airline tickets for flights for any destination in the world. One of the best advantages of CheapOair is that they accept not only the usual credit card payments but also PayPal.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.