Montevideo, MN vs Slayton, MN

Montevideo, MN and Slayton, MN have a very similar cost of living, with only a 2.3% difference in their overall index. Montevideo scores 70 while Slayton 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 $718/month in Slayton — a 16% difference. Interestingly, home values tell a different story: while Slayton has cheaper rent, Montevideo actually has lower median home values ($137,600 vs $160,400).

Median household income in Montevideo is $65,724 compared to $65,724 in Slayton. Looking at affordability, residents of Montevideo spend roughly 15.2% of their income on rent, more than the 13.1% in Slayton.

Climate-wise, both cities share similar average temperatures (45.4°F vs 45.1°F). Slayton receives more rainfall at 29.6" per year compared to 28" in Montevideo.