Clearwater, MN vs Montevideo, MN

There is a significant gap in the cost of living between these two cities. Montevideo is 20% cheaper than Clearwater. With a cost index of 70 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montevideo to Clearwater should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clearwater is $1,074/month compared to $832/month in Montevideo — a 29% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $248,100.

Median household income in Clearwater is $89,219 compared to $65,724 in Montevideo (+35.7%). While Clearwater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clearwater spend roughly 14.4% of their income on rent, less than the 15.2% in Montevideo.