Montevideo, MN vs Silver Bay, MN

Montevideo is moderately more affordable than Silver Bay, with a 9.7% lower cost of living index. Montevideo scores 70 compared to 78 for Silver Bay, where the US average is 100. This difference means residents of Silver Bay can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Montevideo is $832/month compared to $1,044/month in Silver Bay — a 20% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $150,700.

Median household income in Montevideo is $65,724 compared to $70,870 in Silver Bay (-7.3%). The higher salaries in Silver Bay 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 17.7% in Silver Bay.

Climate-wise, Montevideo is notably warmer with an average of 45.4°F compared to 39.5°F in Silver Bay. Montevideo receives more rainfall at 28" per year compared to 25.9" in Silver Bay.