Sign up now to track your finances and get personalised reports! Sign Up For Free

๐Ÿ‡ณ๐Ÿ‡ด Norway vs ๐Ÿ‡ฑ๐Ÿ‡ป Latvia

Tax comparison for a $50,000 salary (USD)

๐Ÿ‡ณ๐Ÿ‡ด

Norway

Gross Salary $50,040
Income Tax −$9,007
Social Security −$3,538
Net Annual Pay
$37,495
$3,125/month
Effective Rate 25.1%
Employer Cost $56,545
PPP Value $49,488
๐Ÿ‡ฑ๐Ÿ‡ป

Latvia

Gross Salary $50,400
Income Tax −$8,513
Social Security −$5,292
Net Annual Pay
$36,595
$3,050/month
Effective Rate 27.4%
Employer Cost $62,289
PPP Value $70,143

You would take home $900 more per year in Norway compared to Latvia.

That's $75 more per month.

Detailed Comparison

Metric ๐Ÿ‡ณ๐Ÿ‡ด Norway ๐Ÿ‡ฑ๐Ÿ‡ป Latvia
Gross Salary $50,040 $50,400
Income Tax $9,007 $8,513
Employee SS $3,538 $5,292
Net Income $37,495 $36,595
Employer SS $6,505 $11,889
Cost to Employer $56,545 $62,289
Effective Rate 25.1% 27.4%
Total Tax Take 33.7% 41.3%
Monthly Net $3,125 $3,050
Daily Net $144 $141
Hourly Net $18 $18
PPP-Adjusted $49,488 $70,143

Try a Different Comparison

Explore Each Country

๐Ÿ‡ณ๐Ÿ‡ด Norway

๐Ÿ‡ฑ๐Ÿ‡ป Latvia

Norway vs Latvia Tax Comparison: Key Insights

On a USD 50,000 salary, Norway offers the higher take-home pay at $37,495 per year (25.1% effective rate), compared to Latvia where you'd take home $36,595 (27.4% effective rate).

That's a difference of $900 per year ($75/month). However, take-home pay is only part of the picture โ€” cost of living, public services, healthcare quality, and quality of life all vary significantly. Use our Disposable Income Calculator for a PPP-adjusted comparison.

Comparison based on OECD data for 2026, calculated for a single employed individual with no dependants. Actual tax obligations may vary based on deductions, credits, and personal circumstances.

Planning to Move? Track Your Finances.

Beyond tax comparisons, track your net worth, plan retirement, and visualise your spending with PopaDex.

Get Started Free