Latvia
#36 globallyEuropeAverage salary: $20,000/year · Currency: EUR €
Mean Annual Salary
$20,000
gross USD
Median Annual Salary
$17,000
gross USD
GDP per Capita
$21,027
current USD
PPP Factor
×0.54
vs USD base
Tax Breakdown at Median Salary
EstimatedTake-Home (Net) Annual
$13,600
Effective Tax Rate
20.0%
* Based on median salary of $17,000. Estimated combined rate. Consult a tax professional for accurate calculations.
Estimated Salaries by Job in Latvia
Surgeon
Psychiatrist
Doctor / Physician
Investment Banker
Cloud Architect
AI/ML Engineer
Dentist
Judge
Product Manager
Actuary
* Estimates based on global median · actual salaries vary
🇱🇻 Latvia Economic Overview
Currency
EUR (€)
Region
Europe
Population
1.9M
Gini Coefficient
0.356
Cost of Living Index
54 (US=100)
Tax Data Available
Estimated
Salary vs Global Benchmarks
Europe Comparison
Global Ranking
out of 117 countries
by average salary
About Salaries in Latvia
The average annual salary in Latvia is approximately $20,000 (gross, in USD), with a median of $17,000. The country ranks #36 out of 117 countries by average salary.
At the median salary, workers in Latvia take home approximately $13,600 after taxes — an effective tax rate of 20.0%. The purchasing power parity factor of ×0.54 means that in real terms, living costs are lower than in the United States.
Latvia is located in the Europe region. Income inequality, measured by the Gini coefficient, is 0.356 (moderate inequality).