Montevideo, MN vs Rice, MN

There is a significant gap in the cost of living between these two cities. Montevideo is 27.8% cheaper than Rice. With a cost index of 70 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montevideo to Rice should plan for substantially higher expenses across most categories.

On the housing front, median rent in Montevideo is $832/month compared to $1,529/month in Rice — a 46% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $237,600.

Median household income in Montevideo is $65,724 compared to $103,482 in Rice (-36.5%). While Rice 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 17.7% in Rice.

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