What is the cost of living in Montevideo?

The cost of living in Montevideo is 65.2% cheaper than New York City (index: 34.8). Groceries are 43.7% cheaper than NYC. Restaurants are 34.0% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately UYU 28,336 per month. Local purchasing power index is 63.7 (NYC = 100).

🇺🇾 Uruguay · #333 of 577 cities · 2026

Should I Move to Montevideo?

Q: Should I move to Montevideo?

Montevideo, Uruguay has a cost of living 65.2% cheaper than New York City (index: 34.8). It is ranked #333 out of 577 cities globally. Local purchasing power is moderate (index: 63.7 vs NYC = 100). Use our salary comparison calculator to see exactly how your take-home pay would change.

65.2% cheaper to live here than in New York City.

Run the calculator below with your actual salary to get a personalised answer.

-65.2%

vs NYC

UYU 28,336

1-BR, city centre

63.7

Purchasing Power

Moderate

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Montevideo?

Cost breakdown: Montevideo

Cost indices vs NYC = 100

Cost of Living

34.8 Mid-priced

Rent

16.0 Very affordable

Groceries

56.3 Moderate

Restaurants

66.0 Moderate

Purchasing Power

63.7 Moderate

Rent in Montevideo

1-BR, city centre UYU 28,336/mo

1-BR, outside centre UYU 23,386/mo

3-BR, city centre UYU 46,582/mo

3-BR, outside centre UYU 41,608/mo

Save by going outside centre 18% cheaper

Numbeo · 2026-10-02

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇻🇪 Caracas

Venezuela

CoL index 32.3

Compare Caracas vs Montevideo →

🇦🇷 Buenos Aires

Argentina

CoL index 31.6

Compare Buenos Aires vs Montevideo →

🇨🇴 Medellin

Colombia

CoL index 27.3

Compare Medellin vs Montevideo →

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