Montevideo, MN vs Monticello, MN

The cost of living difference between Montevideo, MN and Monticello, MN is dramatic. Montevideo is 33.4% cheaper than Monticello, a gap that translates to thousands of dollars per year in household expenses. Montevideo has a cost index of 70 while Monticello sits at 105, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Montevideo is $832/month compared to $1,462/month in Monticello — a 43% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $298,400.

Median household income in Montevideo is $65,724 compared to $81,563 in Monticello (-19.4%). The higher salaries in Monticello partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Montevideo spend roughly 15.2% of their income on rent, less than the 21.5% in Monticello.

Climate-wise, both cities share similar average temperatures (45.4°F vs 42.9°F). Monticello receives more rainfall at 28.5" per year compared to 28" in Montevideo.