Cost of living in Balvi
Balvi, a charming city in Latvia, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of expenses in Balvi, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.54 on average, with a range between $7.38 and $21.07.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $63.22, with prices ranging from $42.15 to $105.37.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.43, with a range between $7.38 and $9.48.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.63 to $5.8, imported beer $2.32 to $5.8, cappuccino $2.11 to $4.21, and Coke/Pepsi $0.95 to $3.16.
Grocery Prices
- Milk - Milk is priced between $0.95 and $1.58 per liter, averaging $1.25.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.05 and $2.11, with an average price of $1.5.
- Eggs (Dozen) - A dozen eggs range from $2.01 to $3.79, averaging $2.77.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.84 to $2.32 per kg, while oranges range from $1.69 to $3.16 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.53 and $1.26 per kg, and lettuce costs $1.05 to $2.11 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.63 and $1.95 per liter.
- Taxi Fares - Taxi fares start at $2.11, with a cost of $0.67 to $2.11 per km and $8.85 to $15.8 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- 3-Bedroom Apartment Rent (City Centre) - Data not provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- Buying Price per Square Meter (City Centre) - Data not provided.
- Buying Price per Square Meter (Outside Centre) - Data not provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $210.73 and $526.83, averaging $312.6.
- Internet - Internet services range from $10.54 to $23.18, with an average cost of $17.39.
Cost of Living Rankings
The cost of living indices for Latvia are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Latvia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Balvi offers a relatively affordable cost of living compared to larger cities, with reasonable prices for dining and groceries.
Transportation costs are moderate, with affordable taxi fares and gasoline prices.
Utilities are a significant expense, but internet services are competitively priced.
Conclusion
In conclusion, Balvi provides a balanced cost of living with affordable dining and grocery options.
While housing data is not available, the city appears to offer a reasonable lifestyle for residents and visitors alike.
Potential residents should consider the utility costs when planning their budget.