How Do Salaries in Финландия Compare to Латвия?

Финландия pays 120% more than Латвия on average. The mean gross salary in Финландия is 44 000 €/yr versus 20 000 €/yr in Латвия. Латвия has a lower cost of living index (34.2 vs 67.5).

🇫🇮 Финландия
44 000 €
Average Salary
VS
Латвия
20 000 €
Average Salary
bolt Накратко
  • Финландия pays 120% more than Латвия (44 000 € vs 20 000 €/yr)
  • Латвия has a lower cost of living index (34.2 vs 67.5)
  • Финландия has lower minimum tax rates (Финландия: 12.64-44%, Латвия: 20-31%)

Side-by-Side Comparison

🇫🇮 Финландия Латвия
Average Salary 44 000 €/yr 20 000 €/yr
Minimum Wage None €4.27/hr
Income Tax Rate 12.64-44% 20-31%
Cost of Living Index 67.5 34.2

Salary Difference

🇫🇮 Финландия
44 000 €
Латвия
20 000 €
trending_up +120% (24 000 €/yr)

Which Country Is Better?

payments

Higher Average Salary

🇫🇮 Финландия

Финландия offers 120% higher average salaries (44 000 € vs 20 000 €/yr).

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Lower Tax Rates

🇫🇮 Финландия

Финландия has lower starting tax rates, which can mean more take-home pay at lower income brackets.

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Lower Cost of Living

Латвия

Латвия has a cost of living index of 34.2 compared to 67.5, meaning everyday expenses are more affordable.

Salary by Sector: Финландия vs Латвия

Sector 🇫🇮 Финландия Латвия Edge
Technology & IT 62 000 € 26 000 € 🇫🇮 +138%
Finance & Banking 60 000 € 24 000 € 🇫🇮 +150%
Healthcare 48 000 € 16 000 € 🇫🇮 +200%
Engineering 56 000 € 20 000 € 🇫🇮 +180%
Education 46 000 € 14 000 € 🇫🇮 +229%
Manufacturing 44 000 € 14 000 € 🇫🇮 +214%

Average annual gross salary in EUR. Source: Eurostat SES 2022/2024, national statistics offices.

Which Country Pays More — By Job Category

#1 Technology & IT 🇫🇮 Финландия 62 000 € vs 26 000 € — Финландия higher by 138%
#2 Finance & Banking 🇫🇮 Финландия 60 000 € vs 24 000 € — Финландия higher by 150%
#3 Engineering 🇫🇮 Финландия 56 000 € vs 20 000 € — Финландия higher by 180%
#4 Healthcare 🇫🇮 Финландия 48 000 € vs 16 000 € — Финландия higher by 200%
#5 Education 🇫🇮 Финландия 46 000 € vs 14 000 € — Финландия higher by 229%
🇫🇮 Финландия View full salary profile → Латвия View full salary profile →

Related Country Comparisons

🇫🇮 Финландия vs 🇩🇪 Германия 🇫🇮 Финландия vs 🇫🇷 Франция 🇫🇮 Финландия vs 🇪🇸 Испания Латвия vs 🇳🇱 Нидерландия Латвия vs 🇧🇪 Белгия Латвия vs 🇮🇹 Италия

Data Sources & Methodology

This salary comparison is compiled from multiple verified sources:

account_balance Eurostat

EU Labour Force Survey & Structure of Earnings Survey

work Job Postings

50+ European job boards, 100K+ listings/month

group Anonymous Reports

User-submitted, validated against statistical models

Last updated: April 2026

Често задавани въпроси

Which country pays more, Финландия or Латвия?

Финландия pays 120% more on average. The mean gross salary is 44 000 €/yr in Финландия compared to 20 000 €/yr in Латвия.

What is the minimum wage in Финландия vs Латвия?

The minimum wage in Финландия is None and in Латвия it is €4.27/hr. Note that some countries like Italy and Sweden have no statutory minimum wage — wages are set by collective agreements instead.

What are the tax rates in Финландия compared to Латвия?

Income tax rates in Финландия range from 12.64-44% while in Латвия they range from 20-31%. Effective tax rates depend on income level, deductions, and personal circumstances.

Is cost of living higher in Финландия or Латвия?

Финландия has a cost of living index of 67.5 while Латвия has 34.2. Латвия is more affordable for everyday expenses like rent, groceries, and transportation.

Is the salary data for Финландия and Латвия reliable?

Yes. EuroSalary aggregates data from Eurostat, verified job postings from 50+ European job boards, and validated anonymous salary reports. Data is updated regularly and cross-referenced with official EU statistics for 2026.