Wage Cost

Country comparison

Latvia vs Mexico

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

All Countries
Latvia$44,7092025 · PPP-adjusted annual wage

Overall Price Level: 52.20 · 2024

Data reviewed: August 2026

Mexico$24,4632025 · PPP-adjusted annual wage

Overall Price Level: 50.90 · 2024

Data reviewed: August 2026

Compare average wages, historical trends and everyday price levels across two economies. A common wage-year frame and a visible United States = 100 price benchmark keep the view comparable.

Wage trend comparison

How Wages Have Changed

$47k$40k$33k$26k$19k20152025PPP-adjusted annual wage (USD)

USD PPP, constant 2025 prices · click a legend name to hide it; at least one line remains.

Price Level Comparison

Compare Everyday Price Levels

Compare eight consumer price categories using the United States benchmark of 100.

OverallLatvia +1.3
FoodLatvia +1.9
ClothingLatvia +20.5
HousingMexico +11.6
HealthMexico +15.0
TransportLatvia +5.8
RecreationLatvia +7.6
RestaurantsLatvia +10.3
Latvia 52.20Mexico 50.90
Overall
Latvia 52.20
Mexico 50.90
Difference Latvia +1.30
Food
Latvia 90.20
Mexico 88.30
Difference Latvia +1.90
Clothing
Latvia 92.50
Mexico 72.00
Difference Latvia +20.50
Housing
Latvia 31.10
Mexico 42.70
Difference Mexico +11.60
Health
Latvia 31.00
Mexico 46.00
Difference Mexico +15.00
Transport
Latvia 86.40
Mexico 80.60
Difference Latvia +5.80
Recreation
Latvia 70.90
Mexico 63.30
Difference Latvia +7.60
Restaurants
Latvia 75.40
Mexico 65.10
Difference Latvia +10.30

Key Differences

Understanding Latvia and Mexico

Latvia records a higher 2025 PPP-adjusted annual wage than Mexico, while both countries have similar overall price levels below the U.S. benchmark in 2024. The page keeps the arithmetic difference visible but does not turn it into a causal explanation or a living-standard judgement.

Wage Comparison

Latvia shows the higher PPP-adjusted annual wage: $20,246 (82.8%) more than Mexico. Over the latest reported year, both economies recorded positive one-year wage changes (+3.34% and +1.34%). The widest price category gap is Clothing at 20.5 index points, and both overall price levels sit below the U.S. benchmark of 100 in 2024. Wages are reported for 2025, while prices cover 2024; the two datasets are labelled separately.

Price Profile

Both overall price indices remain below the United States benchmark. Latvia is marginally higher overall, while the largest category difference appears in Clothing, where Latvia exceeds Mexico by 20.5 index points. Each value remains relative to the United States = 100 benchmark.

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Data Notes

Wage data: 2025 common-year PPP-adjusted annual wages. Price data: 2022–2024, United States = 100. Missing values display – without zero fill, interpolation, or automatic year fallback.

Data reviewed: August 2026