Coleraine, MN vs Montevideo, MN

Montevideo is moderately more affordable than Coleraine, with a 8.9% lower cost of living index. Coleraine scores 76 compared to 70 for Montevideo, where the US average is 100. This difference means residents of Coleraine can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Coleraine is $923/month compared to $832/month in Montevideo — a 11% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $179,900.

Median household income in Coleraine is $67,083 compared to $65,724 in Montevideo (+2.1%). Coleraine does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Coleraine spend roughly 16.5% of their income on rent, more than the 15.2% in Montevideo.