Montevideo, MN Cost Of Living

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Updated: 2020-03-08
91
Montevideo's Overall Cost Of Living
0.9x
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Montevideo is expensive, while a number below 100 means it's a relatively cheap place to live.

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 only Minnesota, Montevideo has a cost of living index that's 0.9x lower than Minnesota's index of 104.

The standard of living in Montevideo ranks as #1887 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Montevideo ranks as the #4520 most expensive place in the North Star State.

Montevideo Cost Of Living Vs. Minnesota

Living Expense Montevideo Minnesota National Average
Overall 91 104 100
Services 112 109 100
Groceries 116 106 100
Health 115 110 100
Housing 50 100 100
Transportation 95 100 100
Utilities 100 98 100
For more reading on cost of living around Minnesota, check out:
Montevideo Cost of Living Vs. MN

Montevideo, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$82,600
Median Home Value
$580
Median Rent
$45,804
Median Income
Statistic Montevideo Minnesota United States
Median Home Value $82,600 $211,800 $204,900
Median Rent $580 $944 $1,023
Median Income $45,804 $68,411 $60,293
Home Value To Income 1.8x 3.1x 3.4x
Rent To Monthly Income 0.15x 0.17x 0.2x

Montevideo SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
4
Affordability
9
Diversity
7
Safety
8.5
Amenities
8
Education
7
Commute
10

Cost Of Living In Cities Around Montevideo

City Population Cost Of Living Vs. Montevideo
Willmar, MN 19,618 97 1.1x
Marshall, MN 13,706 88 1.0x
Morris, MN 5,353 100 1.1x
Redwood Falls, MN 5,004 88 1.0x

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