Montevideo, MN vs Mountain Lake, MN

Montevideo, MN and Mountain Lake, MN have a very similar cost of living, with only a 2.2% difference in their overall index. Montevideo scores 70 while Mountain Lake scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Montevideo is $832/month compared to $833/month in Mountain Lake — a 0% difference. Interestingly, home values tell a different story: while Montevideo has cheaper rent, Mountain Lake actually has lower median home values ($118,900 vs $137,600).

Median household income in Montevideo is $65,724 compared to $59,115 in Mountain Lake (+11.2%). While Montevideo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montevideo spend roughly 15.2% of their income on rent, less than the 16.9% in Mountain Lake.

Climate-wise, both cities share similar average temperatures (45.4°F vs 44.6°F). Mountain Lake receives more rainfall at 29.3" per year compared to 28" in Montevideo.