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Latvia is referred as a hidden treasure and best kept secret of Europe. Though not as famous as other European countries like the UK and Sweden, Latvia is nonetheless charming, it has vibrant and radiant cities, serene and alluring sceneries, globally recognized and acclaimed higher education institutions, moderate climate and long standing history to be travel through while you study. The chief and most appealing factor to declare Latvia as one of the best choices among European countries to complete your study abroad degree is definitely cheap cost of living and tuition fees. In fact, it can be regarded as the most inexpensive country to live in Europe as an approximate amount of 450 to 600 Euros is enough to bear monthly expenditures of one person in Latvia. Latvian Universities hold a prominent position in world university rankings because of their cutting edge academic and research facilities. We have assembled this section to give an elaborated estimate of living and study expenses in Latvia for your study abroad planning. (Read Admission Requirements of Latvian Universities Here)
The tuition fees of Latvian universities are very reasonably structured making it affordable for international students. The tuition fees of private universities are higher than public universities and for each academic level and study programme the cost varies. The average tuition fees in various Latvian Universities for under graduate and post graduate levels are as:
Computer Science: 2200 Euros per year
Business Administration: 2750 Euros per year
Dentistry: 13000 Euros per year
English Philology: 2750 Euros per year
International Economics and Commercial Diplomacy: 3080 Euros per year
Modern Language and Business Studies: 3000 Euros per year
Medicine: 58500 Euros for entire degree programme
English Language Teacher: 2800 Euros per year
International Business with specialization in Export Management: 2365 Euros per year
Educational Sciences: 3700 Euros per year
Orientalistics: 3000 Eros per year
Engineering and IT Courses: 2200 to 4000 Euros per year
Medicine: 7,000 to 15,000 Euros per year
Business Administration and Management: 6,000 Euros per year
Under Graduate Programme: 3,600 to 6,000 Euros per year
Post Graduate (Masters) Programme: 2,500 to 3,500 Euros per year
Post graduate (PhD) Programme: 2,000 to 4,000 Euros per year
As per the Latvian resident permit requirement, the foreign students have to show through his/her bank statement that they can spend an amount of 450 Euros per month on their living expenses during their stay in Latvia. By estimating the monthly amount requirement indicated by Latvian Immigration Department for students, an amount of 450 Euros is enough for one person to afford day to day expenses and accommodation in Latvia. This amount is considerably low than other European countries and adding that a student is allowed to work 20 hours a week part time in Latvia, the student can even save some amount for their tuition fee payment. The living expenses are entirely dependent on a person’s spending habits and general life style, for students living in abroad the financial back up is usually limited. In fact, studying in abroad is a great chance for a student to manage their expenses and take responsibility of their lifestyle and start earning by doing part time jobs which altogether shape students in becoming independent, organized and learned individuals.
The accommodation offered by universities would be the most cheap cost option for foreign students. Private rentals are usually out of range for students unless they earn a good amount through part time job or have sufficient financial resources. The accommodation cost will be different in various locations of Latvia depending on their proximity to central city and public transport. The average accommodation cost in Latvia is as:
A Single Room or Shared Room in University Dormitory: 70 to 120 Euros per month
Studio Type Apartment or One Bed Room Flat: 250 to 300 Euros per month
Shared Flats: 120 to 250 Euros per month for per person
3 Bedrooms Apartment in Central City: 570 Euros per month
3 Bedrooms Apartment Outside City: 370 to 400 Euros per month
Basic menu meal for one person in an inexpensive restaurant: 7.00 Euros
Basic menu meal for two persons in mediocre restaurant: 37.00 Euros
Combo meal for one person in McDonalds and Mc Meal or equivalent Fast Food Chain: 5.00 Euros
Half Liter Water Bottle: 0.70 Euros
1 Liter Fresh Milk Bottle: 0.89 Euros
A Loaf of Fresh White Bread: 0.81 Euros
1 Kg White Rice: 1.26 Euros
Dozen Eggs: 1.61 Euros
1 Kg Local Cheese: 6.17 Euros
1 Kg Chicken Breast Meat: 5.00 Euros
1 Kg Beef Meat: 6.91 Euros
1 Kg Apples: 1.05 Euros
1 Kg Bananas: 1.31 Euros
1 Kg Oranges: 1.45 Euros
1 Kg Tomatoes: 1.67 Euros
1 Kg Potatoes: 0.46 Euros
1 Kg Onions: 0.45 Euros
One way ticket of local transport: 1.15 Euros
Monthly pass of local transport: 50.5 Euros
1 Km travel tariff in Taxi: 0.66 Euros
Monthly utility bills of electricity, gas, water, heating: 160 Euros
Monthly internet connection of 60 Mbps speed cost: 15.52 Euros
Monthly fitness club membership cost for one person: 34.11 Euros
Cinema ticket one seat: 7.00 Euros
Prepaid mobile card tariff 1 min call: 0.08 Euros
The foreign students enrolled in a full time study programme in Latvian Universities that last longer than 6 months are required to purchase health insurance coverage. Health insurance coverage will be purchased for the entire duration if your stay in Latvia. The students can purchase health insurance after arriving at Latvia from their university or from private insurance company. The insurance coverage can be around 30 000 LVL.