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 89, 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 101.
The standard of living in Montevideo ranks as #4 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Montevideo ranks as the #147 most expensive place in the North Star State.
For more reading on life in Montevideo, check out:
Montevideo Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Montevideo. Here is how it fares on each of the criteria:
The Services index in Montevideo is 102.
The Groceries index in Montevideo is 100.
The Health index in Montevideo is 62.
The Housing index in Montevideo is 99.
The Transportation index in Montevideo is 106.
The Utilities index in Montevideo is 100.
| Living Expense | Montevideo | Minnesota | National Average |
|---|---|---|---|
| Overall | 89 | 101 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 62 | 99 | 100 |
| Housing | 99 | 101 | 100 |
| Transportation | 106 | 103 | 100 |
| Utilities | 100 | 101 | 100 |
Montevideo Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Montevideo Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Montevideo is $210,237.
The Median Rent in Montevideo is $851.
The Median Income in Montevideo is $68,596.
The Home Value To Income in Montevideo is 3.1x.
The Rent To Monthly Income in Montevideo is 0.15x.
| Statistic | Montevideo | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $210,237 | $346,667 | $332,700 |
| Median Rent | $851 | $1,280 | $1,413 |
| Median Income | $68,596 | $89,062 | $80,734 |
| Home Value To Income | 3.1x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
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
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 93, 1.0x Montevideo.
Marshall, MN has a cost of living index of 93, 1.0x Montevideo.
Morris, MN has a cost of living index of 95, 1.1x Montevideo.
| City | Population | Cost Of Living | Vs. Montevideo |
|---|---|---|---|
| Willmar, MN | 21,378 | 93 | 1.0x |
| Marshall, MN | 13,896 | 93 | 1.0x |
| Morris, MN | 5,128 | 95 | 1.1x |
