Montevideo, MN vs Springfield, MN

Montevideo, MN and Springfield, MN have a very similar cost of living, with only a 4.8% difference in their overall index. Montevideo scores 70 while Springfield scores 67 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 $781/month in Springfield — a 7% difference. Home values follow the same pattern: Springfield is more affordable at $117,600 median vs $137,600.

Median household income in Montevideo is $65,724 compared to $59,412 in Springfield (+10.6%). 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 15.8% in Springfield.

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