Money is TimeThe Hours Index

Latvia, in hours

What the same things cost the average worker in Latvia, in hours of take-home pay.

Tesla Model Y €40,990

5,401 hours of work

Two whole working years, and the next until early August.

31st of 37. In Switzerland the same car takes 1,033 hours; in Mexico, 8,716.

The Hours Index · Latvia mist.huliwood.com

Three things, in Latvia

An iPhone 18 Pro no price

Apple has no online store in Latvia, so no Apple price.

And you?

I take home a year.

That is the average worker's, after tax. Put in yours for a year, bonuses and extra months' pay included, and the card and the list redo the sums. It stays on this page.

The sums

The average full-time worker in Latvia earns €21,321 a year before tax and takes home €15,777 after income tax and social security contributions (OECD, 2025, a single worker without children). Divided by 2,080 working hours, an hour of work pays €7.59.

A Tesla Model Y: €40,990 ÷ €7.59 = 5,401 hours. Two whole working years, and the next until early August.
A Big Mac: €3.70 ÷ €7.59 = 0.49 hours, or 29 minutes.

The Tesla: Tesla's Latvian site shows €41,970: this price plus the €980 destination and documentation fee. Hours count 52 weeks of 40, whatever people in Latvia actually work. More in what the index leaves out.

Against the other 37

iPhone 18 Pro no price

Apple has no online store in Latvia, so no Apple price.

Tesla Model Y 31st of 37

  1. 1Switzerland CHF 40,990 1,033 hours
  2. 27 more
  3. 29Lithuania €41,010 4,888 hours
  4. 30Poland PLN 189,990 4,946 hours
  5. 31Latvia €40,990 5,401 hours
  6. 32Slovakia €40,990 5,749 hours
  7. 33Chile (see the note) CLP 36,900,000 5,818 hours
  8. 3 more
  9. 37Mexico MX$799,000 8,716 hours

All 37 countries on the index

Big Mac joint 20th of 36

  1. 1Switzerland CHF 7.30 11 minutes
  2. 16 more
  3. 17France €5.60 21 minutes
  4. 17Germany €6.99 21 minutes
  5. 20Latvia €3.70 29 minutes
  6. 20Spain €5.90 29 minutes
  7. 22Estonia €4.70 30 minutes
  8. 13 more
  9. 36Colombia (see the note) COP 25,900 102 minutes

All 36 countries on the index

Sources

Pay: OECD, Taxing Wages 2026: net take-home pay of a single worker without children on 100% of the average wage, 2025 (the OECD's own estimate, as for most countries).

Prices, checked 29 September 2026: Tesla, the cheapest Model Y on sale; The Economist, the Big Mac index, July 2026 (data, CC BY 4.0).

Your own hours Money is Time Anything in your own hours: your pay, your tax, any price, and the stretch of your working year it takes. Open the calculator →