Last update: Oct 2026

Cost of Living Comparison Between Latvia and Budapest

For one person, living is cheaper in Latvia: $1,415 a month against $1,621 in Budapest, rent and utilities included – about $2,500 less a year. Rent and utilities account for most of the difference.

Jump to prices
🇱🇻 Latvia
$1,415
/mo nomad
Budapest
🇭🇺 Hungary
$1,621
/mo nomad
🙂 Solo nomad: Latvia is 4.8% cheaper than Budapest without rent, and 12.7% cheaper with rent.
🙂 Family of 3: Latvia is 1.5% cheaper than Budapest without rent, and 18.6% cheaper with rent.
Currency
🍽 Eating Out
Latvia
Budapest
Difference
Meal at Budget Restaurant
$13.30 €11.87
$13.99 Ft 4,551
-4.93%
Three-Course Dinner for Two, Mid-Range
$56.9 €50.8
$60.3 Ft 19.6K
-5.75%
Fast Food Meal (McDonalds, etc)
$8.29 €7.40
$9.96 Ft 3,241
-16.77%
Cappuccino
$3.34 €2.98
$3.38 Ft 1,100
-1.18%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.66 €1.48
$2.13 Ft 692
-22.07%
Water (0.33 liter bottle)
$1.26 €1.12
$1.87 Ft 608
-32.62%
Local Beer (0.5 liter draught)
$4.97 €4.44
$3.75 Ft 1,221
32.53%
Imported Beer (0.33 liter bottle)
$4.52 €4.03
$3.57 Ft 1,162
26.61%
🛒 Groceries & Markets
Latvia
Budapest
Difference
Milk (1 liter)
$1.23 €1.10
$1.13 Ft 368
8.85%
White Bread (500g)
$1.47 €1.31
$1.84 Ft 599
-20.11%
Rice (white) (1kg)
$2.51 €2.24
$2.39 Ft 777
5.02%
Eggs
$3.51 €3.14
$3.83 Ft 1,245
-8.36%
Local Cheese (1kg)
$10.62 €9.47
$11.33 Ft 3,686
-6.27%
Chicken Fillets (1kg)
$8.30 €7.41
$6.74 Ft 2,192
23.15%
Beef Round Steak (1kg)
$14.28 €12.74
$14.69 Ft 4,780
-2.79%
Apples (1kg)
$1.98 €1.77
$1.84 Ft 597
7.61%
Banana (1kg)
$1.71 €1.53
$2.01 Ft 653
-14.93%
Oranges (1kg)
$2.47 €2.21
$2.36 Ft 767
4.66%
Tomato (1kg)
$3.00 €2.68
$3.77 Ft 1,226
-20.42%
Potato (1kg)
$0.88 €0.79
$0.96 Ft 313
-8.33%
Onion (1kg)
$0.98 €0.87
$1.03 Ft 334
-4.85%
Lettuce (1 head)
$1.69 €1.51
$1.56 Ft 509
8.33%
Water (1.5 liter bottle)
$0.94 €0.84
$0.66 Ft 216
42.42%
Cigarettes 20 Pack (Marlboro, Camel)
$6.41 €5.72
$7.96 Ft 2,591
-19.47%
Wine (Bottle)
$7.94 €7.09
$6.01 Ft 1,954
32.11%
Local Beer (0.5 liter bottle)
$1.88 €1.68
$1.30 Ft 421
44.62%
Imported Beer (0.33 liter bottle)
$1.91 €1.70
$2.08 Ft 676
-8.17%
🚌 Getting Around
Latvia
Budapest
Difference
One-way Ticket (Public Transport)
$1.70 €1.51
$1.50 Ft 489
13.33%
Public Transport Monthly Pass (Regular Price)
$34.05 €30.39
$27.61 Ft 8,982
23.32%
Taxi Start (Normal Tariff)
$3.45 €3.08
$3.30 Ft 1,074
4.55%
Taxi (Normal Tariff) (1km)
$0.81 €0.73
$1.30 Ft 424
-37.69%
Taxi 1hour Waiting (Normal Tariff)
$16.05 €14.32
$19.78 Ft 6,436
-18.86%
Gasoline (1 liter)
$1.91 €1.70
$1.81 Ft 591
5.52%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$27.2K €24.3K
$29.3K Ft 9.5M
-7.11%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$30.3K €27.1K
$34.1K Ft 11.1M
-11.06%
🧾 Monthly Utilities & Internet
Latvia
Budapest
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$317 €283
$170 Ft 55.3K
86.68%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$18.37 €16.39
$23.98 Ft 7,802
-23.39%
Internet (50+ Mbps, Unlimited Data)
$19.73 €17.61
$23.42 Ft 7,621
-15.76%
🎉 Sport & Entertainment
Latvia
Budapest
Difference
Gym Membership (Monthly)
$44.89 €40.06
$66.2 Ft 21.6K
-32.23%
Tennis Court (1 Hour on Weekend)
$34.63 €30.91
$19.18 Ft 6,239
80.55%
Cinema Ticket
$10.30 €9.19
$9.52 Ft 3,098
8.19%
🧸 Childcare & Education
Latvia
Budapest
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$546 €487
$537 Ft 174.6K
1.68%
International Primary School, 1 Child (Yearly)
$16.4K €14.7K
$16.6K Ft 5.4M
-1.09%
👕👟 Clothing & Footwear
Latvia
Budapest
Difference
Jeans (Levis 501 Or Similar)
$78.7 €70.3
$101 Ft 33.0K
-22.33%
Summer Dress (H&M, Zara, etc)
$46.74 €41.71
$42.99 Ft 14.0K
8.72%
Sport Shoes (Adidas, Nike)
$92.8 €82.8
$113 Ft 36.7K
-17.68%
Men's Leather Business Shoes
$135 €121
$119 Ft 38.6K
14.12%
🏠 Accommodation & Living
Latvia
Budapest
Difference
1-bedroom Apartment, City Center (Monthly)
$407 €363
$805 Ft 262.0K
-49.49%
1-bedroom Apartment, Outside City Center (Monthly)
$296 €265
$629 Ft 204.7K
-52.88%
3-bedroom Apartment, City Center (Monthly)
$857 €764
$1,549 Ft 504.1K
-44.71%
3-bedroom Apartment, Outside City Center (Monthly)
$519 €463
$1,167 Ft 379.7K
-55.57%
Buy Apartment in City Center (m2)
$2,500 €2,231
$5,618 Ft 1.8M
-55.51%
Buy Apartment Outside City Center (m2)
$1,582 €1,412
$3,968 Ft 1.3M
-60.13%
💵 Salaries & Financials
Latvia
Budapest
Difference
Average Monthly Net Salary (After Tax)
$1,239 €1,106
$1,626 Ft 529.0K
-23.79%
20-Year Fixed Mortgage Interest Rate (Annual %)
4.37
6.43
-32.04%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Latvia: October 5, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure
Share of the monthly basket for one person, rent included.
Monthly Utilities & Internet
Latvia
$355
Budapest
$217 38.8% $138
Accommodation & Living
Latvia
$296
Budapest
$629 112% $333
Groceries & Markets
Latvia
$264
Budapest
$258 2.5% $6.5
Eating Out
Latvia
$217
Budapest
$224 3.4% $7.3
Clothing & Footwear
Latvia
$159
Budapest
$169 6.2% $9.9
Sport & Entertainment
Latvia
$65
Budapest
$85 30.2% $20
Getting Around
Latvia
$48
Budapest
$43 10.2% $4.9
Good to know
🇱🇻 Latvia
🇭🇺 Budapest
🕒 Local time
09:34 9:34 AM
08:34 8:34 AM
1 h behind Latvia
🌤 Weather
👥 Population
1,871,882
1,686,222 Capital
💱 Currency
Euro EUR €
Hungarian Forint HUF Ft
📈 Exchange rate
1 EUR = 1.12 USD
1,000 HUF = 3.07 USD
1,000 HUF = 2.74 EUR
Exchange rates and currency converter

HUF, USD to EUR – Euro Converter

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

Hungarian Forint exchange rates as of October 10, 2026: 1 USD = 325 HUF (1,000 HUF = 3.07 USD). 1 EUR = 365 HUF (1,000 HUF = 2.74 EUR).

USD to EUR in detail →
On the map
Between locations
  • Latvia Budapest 1,110 km ≈ 2 h nonstop flight
From you
  • Latvia
  • Budapest

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index

Latvia vs other spots: cost of living compared

🇱🇻 Latvia
$1,415
/mo nomad
🇺🇸 United States
$2,785
/mo nomad
🇱🇻 Latvia
$1,415
/mo nomad
🇩🇪 Germany
$2,099
/mo nomad
🇱🇻 Latvia
$1,415
/mo nomad
🇮🇳 India
$380
/mo nomad
🇱🇻 Latvia
$1,415
/mo nomad
🇨🇦 Canada
$2,305
/mo nomad
Show more

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