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Average Salary in Latvia 2023

How much money does a person working in Latvia make?

Average Monthly Salary
1,300 LVL
( 15,600 LVL yearly)


A person working in Latvia typically earns around 1,300 LVL per month. Salaries range from 330 LVL (lowest average) to 5,810 LVL (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Latvia

Median and salary distribution monthly Latvia
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Latvia range from 330 LVL per month (minimum salary) to 5,810 LVL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,200 LVL per month, which means that half (50%) of the population are earning less than 1,200 LVL while the other half are earning more than 1,200 LVL. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 690 LVL while 75% of them are earning more than 690 LVL. Also from the diagram, 75% of the population are earning less than 3,220 LVL while 25% are earning more than 3,220 LVL.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Latvia costs anywhere from 6,510 Latvian Lats(s) to 19,500 Latvian Lats(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary Comparison By Gender

Salary comparison by gender monthly Latvia
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Latvia earn 5% more than their female counterparts on avergae across all sectors.

1,330 LVL
1,270 LVL
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Latvia

How much are annual salary increments in Latvia? How often do employees get salary raises?


Employees in Latvia are likely to observe a salary increase of approximately 8% every 18 months.

Annual Salary Increment Rate Latvia
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Latvia is 5%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Latvia for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Latvia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Latvia
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53% of surveyed staff in Latvia reported that they haven't received any bonuses or incentives in the previous year while 47% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

Bonus Rates Comparison by Career Field

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant930 LVL
Accounting Assistant740 LVL
Accounting Manager1,940 LVL
Bookkeeper600 LVL
Chartered Accountant1,180 LVL
Corporate Treasurer1,750 LVL
Financial Analyst1,670 LVL
Financial Manager2,580 LVL
Internal Auditor1,310 LVL

Administration / Reception / Secretarial
Administrative Assistant690 LVL
Office Manager1,180 LVL
Receptionist480 LVL
Secretary590 LVL

Advertising / Grapic Design / Events
Art Director1,330 LVL
Creative Director1,360 LVL
Graphic Designer860 LVL
Photographer710 LVL

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer1,640 LVL
Air Traffic Controller1,440 LVL
Flight Attendant920 LVL
Pilot2,280 LVL

Architect1,600 LVL
CAD Drafter660 LVL

Mechanic510 LVL
Service Advisor960 LVL

Bank Branch Manager2,390 LVL
Teller510 LVL

Teacher980 LVL
Translator1,180 LVL

Business Planning
Business Analyst1,670 LVL
Business Development Manager2,170 LVL
Project Manager1,530 LVL

Care Giving and Child Care
Nanny530 LVL
Nursery Teacher490 LVL

Construction / Building / Installation
Civil Engineer1,170 LVL
Construction Project Manager2,090 LVL
Health and Safety Officer580 LVL

Customer Service and Call Center
Call Center Representative480 LVL
Customer Service Manager1,850 LVL
Customer Service Representative520 LVL

Electrical Engineer1,320 LVL
Engineer1,310 LVL
Mechanical Engineer1,280 LVL

Executive and Management
Chief Executive Officer3,040 LVL
Chief Financial Officer2,640 LVL
General Manager2,400 LVL

Food / Hospitality / Tourism / Catering
Chef810 LVL
Executive Chef970 LVL
Hotel Manager2,500 LVL
Travel Agent870 LVL
Waiter / Waitress400 LVL

Health and Medical
Dentist3,110 LVL
Dietitian2,530 LVL
Laboratory Technician1,020 LVL
Nurse1,060 LVL

Human Resources
Human Resources Manager1,940 LVL
Human Resources Officer830 LVL

Information Technology
Computer Technician1,050 LVL
Database Administrator1,300 LVL
Developer / Programmer1,360 LVL
Information Technology Manager2,190 LVL
Network Engineer1,100 LVL

Law Enforcement / Security / Fire
Police Officer820 LVL

Attorney2,560 LVL
Legal Assistant700 LVL

Media / Broadcasting / Arts / Entertainment
Journalist1,550 LVL

Pharmaceutical and Biotechnology
Biomedical Engineer1,160 LVL
Pharmacist1,740 LVL

Sales Retail and Wholesale
Cashier500 LVL
Sales Manager2,260 LVL
Sales Representative870 LVL

Teaching / Education
Elementary School Teacher890 LVL
Secondary School Teacher1,110 LVL

Average Hourly Wage in Latvia

8 LVL per hour

The average hourly wage (pay per hour) in Latvia is 8 LVL. This means that the average person in Latvia earns approximately 8 LVL for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Salary Comparison By City

CityAverage Salary
Riga1,410 LVL

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Latvia earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
1,250 LVL
Public Sector+7%
1,340 LVL
Percentage increase and decrease are relative to the previous value

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