Key Facts: Latvia Wages
- Country
- Latvia (LVA)
- Continent
- Europe
- Currency
- Euro (EUR)
- Minimum Wage
- €4.50 /hr ($5.12 USD)
- Average Gross Monthly Salary
- €1,600 /month
- Average Gross Annual Salary
- €19,200 /year
- Median Individual Income
- €10,200 /year
- Standard Work Week
- 40 hours
- Data Source
- State Revenue Service (Valsts ieņēmumu dienests); 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-01-01)
- Last Updated
- 2026-05-04
Latvia — Average Salary & Wages
Euro (EUR) Data verified Jan 2026 Sources
The average salary in Latvia is
€19,200 a year
But half of all workers earn less than €10,200 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Latvia is €4.50/hr ($5.12 USD) as of 2026. The average gross monthly salary is €1,600 ($1,821.29 USD). The median monthly income is €850 ($967.56 USD).
Latvia's minimum wage is among the lowest for Europe, ranking #28 out of 40 countries with statutory minimum wages. Over the past 6 years, the minimum wage has increased by 81% in nominal terms. The standard work week is 40 hours.
Average gross monthly earnings for full-time employees. Net estimated after progressive income tax (20-31%) and social contributions.
Minimum Wage Trend
Since 2020, the minimum wage has grown +81% in nominal terms.
• PPP ADJUSTED
In Latvia, the minimum wage has the purchasing power of $9.00/hr in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Latvia earns €780/mo. That is 49% of the average gross salary.
- Monthly (full-time)
- €780 at min. wage
- Share of avg. salary
- 49% gross, before tax
- USD equivalent
- $887.88/mo monthly
- Nominal growth
- +81% since 2020
Wage Breakdown
- Hourly
- €4.50
- Monthly
- €780
- Annual
- €9,360Based on 12 monthly payments
Minimālā mēneša darba alga. 2026 rate of €780/month effective January 1, 2026 — 5.4% increase from 2025's €740. Set by the Cabinet of Ministers. Latvia adopted the euro in 2014.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 2x pay
Standard workweek is 40 hours. Overtime is limited and must be compensated at 100% premium (double rate). Night work premium at least 50%. Overtime not to exceed 144 hours in a 4-month period.
How Latvia Compares
| Metric | Latvia | Europe Avg. | Europe Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $5.12/hr | $8.37/hr | $17.79/hr (Luxembourg) |
| Avg. salary (USD equiv.) | $1,821.29/mo | $3,218.62/mo | $9,615.38/mo (Switzerland) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Romania | $5.30 |
| Barbados | $5.36 |
| Oman | $4.88 |
| Hong Kong | $5.37 |
| Bahrain | $4.60 |
| Latvia | $5.12 |
Related Wage Comparisons
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Wages tell half the story. See purchasing power, prices, and quality-of-life context for Latvia on our sister site.
Cost of living in Latvia on costofliving.is →Frequently Asked Questions
What is the minimum wage in Latvia?
The minimum wage in Latvia is €4.50/hr (approximately $5.12 USD), effective since 2026-01-01. Minimālā mēneša darba alga. 2026 rate of €780/month effective January 1, 2026 — 5.4% increase from 2025's €740. Set by the Cabinet of Ministers. Latvia adopted the euro in 2014.
What is the average salary in Latvia?
The average gross monthly salary in Latvia is €1,600 (approximately $1,821.29 USD). Average gross monthly earnings for full-time employees. Net estimated after progressive income tax (20-31%) and social contributions. Source: Central Statistical Bureau of Latvia (CSB) (2025).
How many hours is the standard work week in Latvia?
The standard work week in Latvia is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 2x the normal rate. Standard workweek is 40 hours. Overtime is limited and must be compensated at 100% premium (double rate). Night work premium at least 50%. Overtime not to exceed 144 hours in a 4-month period.
How has the minimum wage in Latvia changed over time?
The minimum wage in Latvia has changed as follows: €430 in 2020, €500 in 2021, €500 in 2022, €620 in 2023, €700 in 2024, €740 in 2025, €780 in 2026. This represents 7 recorded adjustments.
What is the minimum wage in Latvia in USD?
The minimum wage in Latvia converts to approximately $5.12/hr in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Latvia in USD?
The average gross monthly salary in Latvia is approximately $1,821.29 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Latvia's minimum wage compare to the Europe average?
Latvia's minimum wage ranks #28 out of 40 countries with statutory minimum wages in Europe, placing it below the median for Europe.
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