A Lithuanian needs to spend nearly 80% of the average wage to rent a one-room apartment in the centre of Vilnius, much higher than the proportion that people in other Baltic States have to spend.
© DELFI / Mindaugas Ažušilis

Latvians would have to pay 57% of the average national wage for a one room apartment in the center of Riga while Estonians would only pay 47% of that wage for a one room apartment in the center of Tallinn.

Currently, the average rental price of one room apartment in Vilnius Old Town is €431, according to the data of the real estate advertisements portal Domoplius.lt. However, average rent prices for one room apartment in the dormitory areas of the city are as low as €246. The average salary in Lithuania currently stands at €543.

“It appears that to rent a one room housing in the capital's center while only earning an average salary, is theoretically possible but practically difficult to imagine. Economists advise to allocate no more than a third of income for the necessities, including housing rent,” said Evaldas Narbuntovičius, Domoplius.lt project manager.

Meanwhile, it is almost impossible for a person getting an average wage to rent two or three room apartment in Vilnius. For example, currently two-bedroom apartment for rent in the old town of the capital costs an average of €611, further from the center - €333.

Narbuntovičius said in comparing average wages and rental prices in Lithuania to Latvia and Estonia, it is apparent that Lithuanians have the least advantageous conditions to rent. While earning the least, they have to spend the highest part of the average wage for the rent.

Some of the best cities in Europe to rent a one room apartment in the center of a capital city are in Norway and Sweden where it would require only just under a third of the corresponding national average wage.


Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic PMs meet on closer cooperation, security

The prime ministers of Lithuania, Latvia and Estonia met here on Monday on closer cooperation and...

Salary growth in the Baltic States. Estonia leads, Lithuania is not far behind

According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”,...

Upgrade2018! meetings in Vilnius and Riga indicate the importance of cross-Baltic cultural cooperation

International networking meetings realized in the frames of Cross-Baltic Upgrade2018! initiative in...

Lithuanian formin to attend Balts Awards ceremony in Riga

Lithuanian Foreign Minister Linas Linkevičius is leaving for Latvia on Wednesday to attend the...

The annual high-level security and defence forum – The Rīga Conference 2018

On 28 and 29th September the National Library of Latvia in Riga will host the annual high-level...