Moving from Minneapolis to Montevideo (2026)

Montevideo has a COL index of 55 vs 106 for Minneapolis (100 = US average). You'd pay about 48% less for the same lifestyle.

Save ~$869/mo
on rent + taxes ยท $75K salary baseline

Change cities

Key differences

COL index
106 โ†’ 55
100 = US avg
1BR rent
$1,700 โ†’ $700
per month
State tax
9.9% โ†’ 12%
income tax
COL difference
106 โ†’ 55
48% cheaper

Salary needed in Montevideo to match your Minneapolis lifestyle

Based on the 48% cost of living decrease between the two cities.

Your salary in MinneapolisEquivalent in Montevideo
$40K$20,755
$50K$25,943
$60K$31,132
$75K$38,915
$80K$41,509
$100K$51,887
$120K$62,264
$150K$77,830

Adjust your salary

Save ~$1,116/moon core expenses at $75K

Monthly budget at $75K โ€” Minneapolis vs Montevideo

ExpenseMinneapolisMontevideo
Monthly take-home$4,122$3,991
1BR rent$1,700$700
Groceries$391$380
Transport$95$150
Utilities$195$70
Internet$65$30
Left after essentials$1,676$2,661

30-Year Wealth Builder

If you invest your monthly savings of $1,116 in a low-cost index fund (7% avg return), you'd accumulate an extra:

$1,361,488

over 30 years compared to staying in Minneapolis โ€” that's the real price of a city.

$1,116/mo invested

Frequently asked questions

Is Montevideo cheaper than Minneapolis?

Yes. Montevideo has a cost of living index of 55 vs 106 for Minneapolis (100 = US average). That's about 48% cheaper.

How much will I save moving from Minneapolis to Montevideo?

On a $75K salary, moving from Minneapolis to Montevideo saves roughly $869/month on core expenses. That's ~$10,428/year.

What salary do I need in Montevideo to match my Minneapolis lifestyle?

To maintain the same purchasing power as $75,000 in Minneapolis, you'd need roughly $38,915/year in Montevideo. This is based on the overall COL index difference.

Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow ยท BLS ยท Numbeo ยท For general guidance only