Riga vs Seoul
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Riga vs Seoul
Riga is 74% more affordable for homebuyers. Riga has a price-to-income ratio of 6.5x compared to 15.2x in Seoul.
| Metric | Riga | Seoul |
|---|---|---|
| Avg Home Price | $150,000 | $580,000 |
| Price / sqm | $2,500 | $12,000 |
| Rent (1BR) | $500/mo | $1,000/mo |
| Rent (3BR) | $850/mo | $2,000/mo |
| Price-to-Income | 6.5x | 15.2x |
| Mortgage Rate | 5.5% | 3.8% |
| 1yr Change | +4.8% | -1.2% |
| Median Income | $23,000/yr | $38,000/yr |
| Population | 630,000 | 9,700,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Riga or Seoul more expensive?
Riga is more affordable. Home prices differ by $430,000 (74%).
Which city has cheaper rent, Riga or Seoul?
Rent for a 1BR in Riga is $500/mo vs $1,000/mo in Seoul.
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