Alexandria, MN vs Montevideo, MN

There is a significant gap in the cost of living between these two cities. Montevideo is 16.1% cheaper than Alexandria. With a cost index of 70 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montevideo to Alexandria should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexandria is $907/month compared to $832/month in Montevideo — a 9% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $247,200.

Median household income in Alexandria is $61,558 compared to $65,724 in Montevideo (-6.3%). Montevideo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexandria spend roughly 17.7% of their income on rent, more than the 15.2% in Montevideo.