Ventspils, Latvia
Latvia's most important ice-free port, a well-planned city with a beautiful blue flag beach, the Ventspils Castle of the Livonian Order, and a high quality of life.
Below Average vs Latvia Avg (100)
Affordable
Household income
Job market health
Ventspils vs Latvia Average
Taxes
- Income Tax: 20.0%
- VAT: 21.0%
Economy & Jobs
- Median Income: €16,000
- Unemployment: 5.5%
- Population: 34,377
Climate
- Sunny Days: 175/year
- Summer High: 72°F
- Winter Low: 24°F
Housing
- Median Home: €100,000
- 1BR Rent: €400/mo
Cost of Living
Ventspils's cost of living index is 78 (Latvia average = 100).
| Category | Ventspils | National Average | Difference |
|---|---|---|---|
| Overall | 78 | 100 | -22.0% |
| Housing | 75 | 100 | -25.0% |
Data source: CSP / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €100,000 |
| Median Rent (1BR) | €400/mo |
| Median Rent (2BR) | €500/mo |
| Price per Sq Ft | €66 |
Data source: SS.lv / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Ventspils:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €40 | Based on ~3,500 kWh/year typical Latvian household usage |
| Heating & Cooling | €136 | Estimated based on local climate. gas or district heating |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | €20 | Includes sewer |
| Internet (100+ Mbps) | €25 | Broadband average |
| Garbage / Trash | €12 | Private service |
| Total Utilities | €233 | Monthly estimate (including heating & cooling) |
Data sources: SPRK, Latvenergo, LMT 2025
Best Neighborhoods
Downtown Ventspils
The heart of the city with restaurants, shops, and entertainment. Average rent: €480/mo.
Ventspils Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: €440/mo.
East Ventspils
Up-and-coming neighborhood with new developments and young professionals. Average rent: €360/mo.
West Ventspils
Family-friendly area with parks and good schools. Average rent: €380/mo.
Remote Work Score
Ventspils scores —/100 for remote work readiness:
Climate
Ventspils has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 44°F | 24°F | 2.5" |
| April | 57°F | 39°F | 2.8" |
| July | 72°F | 47°F | 1.5" |
| October | 52°F | 42°F | 2.2" |
Taxes
- Income Tax: 20%
- VAT: 21%
- Property Tax: ~0.5% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 5.5%.
Crime & Safety
Crime rates in Ventspils per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: Eurostat
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Ventspils, Latvia?
The cost of living index in Ventspils is 78, which is Lower the Latvia national average of 100.
How much does it cost to buy a home in Ventspils?
The median home price in Ventspils is €100,000. The housing index is 75.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Ventspils is approximately €400/mo.
Does Ventspils, VN have income tax?
Ventspils is in VN, which has an income tax rate of 20%.
What is the climate like in Ventspils?
Ventspils enjoys approximately 175 sunny days per year. Summer highs reach around 72°F, while winter lows can drop to around 24°F.
Data Sources
- Cost of Living: CSP / Numbeo, 2026
- Housing Data: SS.lv / Numbeo, 2026
- Income & Employment: CSP Labour Force Survey, 2024
- Utilities SPRK, Latvenergo, LMT 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.