Montevideo, MO, Uruguay
Uruguay's laid-back capital, a coastal city with a beautiful waterfront promenade, historic old town, and thriving cultural scene.
Above Average vs Uruguay Avg (100)
Above Average
Household income
Job market health
Montevideo vs Uruguay Average
Taxes
- Income Tax: 25.0%
- VAT: 22.0%
Economy & Jobs
- Median Income: $U600,000
- Unemployment: 7.5%
- Population: 1,500,000
Climate
- Sunny Days: 180/year
- Summer High: 82°F
- Winter Low: 48°F
Housing
- Median Home: $U5,000,000
- 1BR Rent: $U35000/mo
Cost of Living
Montevideo's cost of living index is 110 (Uruguay average = 100).
| Category | Montevideo | National Average | Difference |
|---|---|---|---|
| Overall | 110 | 100 | +10.0% |
| Housing | 130 | 100 | +30.0% |
Data source: INE Uruguay / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | $U5,000,000 |
| Median Rent (1BR) | $U35000/mo |
| Median Rent (2BR) | $U43,750/mo |
| Price per Sq Ft | $U3,333 |
Data source: InfoCasas / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Montevideo:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | $U800 | Based on ~250 kWh/month typical Uruguayan household usage |
| Heating & Cooling | $U8 | Estimated based on local climate. electric or gas heating |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | $U300 | Includes sewer |
| Internet (100+ Mbps) | $U600 | Broadband average |
| Garbage / Trash | $U200 | Private service |
| Total Utilities | $U1908 | Monthly estimate (including heating & cooling) |
Data sources: URSEA, UTE, ANTEL 2025
Best Neighborhoods
Downtown Montevideo
The heart of the city with restaurants, shops, and entertainment. Average rent: $U42,000/mo.
Montevideo Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: $U38,500/mo.
East Montevideo
Up-and-coming neighborhood with new developments and young professionals. Average rent: $U31,500/mo.
West Montevideo
Family-friendly area with parks and good schools. Average rent: $U33,250/mo.
Remote Work Score
Montevideo scores —/100 for remote work readiness:
Climate
Montevideo has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 68°F | 48°F | 2.5" |
| April | 67°F | 63°F | 2.8" |
| July | 82°F | 57°F | 1.5" |
| October | 62°F | 66°F | 2.2" |
Taxes
- Income Tax: 25%
- VAT: 22%
- Property Tax: ~1.2% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 7.5%.
Crime & Safety
Crime rates in Montevideo per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: UN Office on Drugs and Crime
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Montevideo, MO, Uruguay?
The cost of living index in Montevideo is 110, which is Higher the Uruguay national average of 100.
How much does it cost to buy a home in Montevideo?
The median home price in Montevideo is $U5,000,000. The housing index is 130.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Montevideo is approximately $U35000/mo.
Does Montevideo, MO have income tax?
Montevideo is in MO, which has an income tax rate of 25%.
What is the climate like in Montevideo?
Montevideo enjoys approximately 180 sunny days per year. Summer highs reach around 82°F, while winter lows can drop to around 48°F.
Data Sources
- Cost of Living: INE Uruguay / Numbeo, 2026
- Housing Data: InfoCasas / Numbeo, 2026
- Income & Employment: INE Uruguay Labour Force Survey, 2024
- Utilities URSEA, UTE, ANTEL 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.