Montevideo, MN Cost Of Living
Cost Of Living In Montevideo, MN Summary
Cost of living in Montevideo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Montevideo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Montevideo is 91, with 100 being the average.
The cost of living index in Montevideo is 0.9x lower than the national average.
Montevideo ranks as the #11 cheapest in Minnesota out of 148.
Montevideo ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Montevideo is $209,396.
The median income in Montevideo is $65,724.
Table Of Contents
Montevideo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Montevideo, MN?
According to the most recent data on the cost of living, Montevideo has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Montevideo has a cost of living index that's 0.9x lower than Minnesota's index of 97.
The standard of living in Montevideo ranks as #11 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Montevideo ranks as the #137 most expensive place in the North Star State.
For more reading on life in Montevideo, check out:
In Minnesota
In America
Montevideo Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Montevideo. Here is how it fairs on each of the criteria:
The Services index in Montevideo is 110.
The Groceries index in Montevideo is 96.
The Health index in Montevideo is 125.
The Housing index in Montevideo is 60.
The Transportation index in Montevideo is 100.
The Utilities index in Montevideo is 95.
| Living Expense | Montevideo | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 91 | 97 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 125 | 110 | 100 | |
| Housing | 60 | 100 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 95 | 94 | 100 | |
Montevideo, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Montevideo is $209,396.
The Median Rent in Montevideo is $832.
The Median Income in Montevideo is $65,724.
The Home Value To Income in Montevideo is 3.2x.
The Rent To Monthly Income in Montevideo is 0.15x.
| Statistic | Montevideo | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $209,396 | $344,484 | $303,400 |
| Median Rent | $832 | $1,235 | $1,348 |
| Median Income | $65,724 | $87,556 | $78,538 |
| Home Value To Income | 3.2x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Montevideo, MN Costs By Category
Detailed Montevideo Services Costs Vs. Minnesota
| Item | Montevideo | Minnesota |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $11.24 | $12.13 |
| Bowling | $26.39 | $18 |
| Haircut | $27.97 | $24.26 |
| Beauty Salon | $37.17 | $45.56 |
Detailed Montevideo Groceries Costs Vs. Minnesota
| Item | Montevideo | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $13.07 | $12.09 |
| Beer | $9.52 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Montevideo Health Costs Vs. Minnesota
| Item | Montevideo | Minnesota |
|---|---|---|
| Optometrist | $109.94 | $125.68 |
| Doctor | $162.98 | $135.78 |
| Dentist | $96.9 | $113.29 |
Detailed Montevideo Transportation Costs Vs. Minnesota
| Item | Montevideo | Minnesota |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $61.97 | $59.92 |
Detailed Montevideo Utilities Costs Vs. Minnesota
| Item | Montevideo | Minnesota |
|---|---|---|
| All Electricity | $175.69 | $193.99 |
| Phone | $188.55 | $192.25 |
Montevideo SnackAbility
/10
Cost Of Living In Cities Around Montevideo
The cost of living varies in the cities and towns around Montevideo. Here's a quick look at the cost of living in the most populous nearby places:
Willmar, MN has a cost of living index of 94, 1.0x Montevideo.
Marshall, MN has a cost of living index of 89, 1.0x Montevideo.
Morris, MN has a cost of living index of 101, 1.1x Montevideo.
| City | Population | Cost Of Living | Vs. Montevideo |
|---|---|---|---|
| Willmar, MN | 21,136 | 94 | 1.0x |
| Marshall, MN | 13,880 | 89 | 1.0x |
| Morris, MN | 5,092 | 101 | 1.1x |
