Montevideo, MN vs Waterville, MN

Montevideo is moderately more affordable than Waterville, with a 11.9% lower cost of living index. Montevideo scores 70 compared to 80 for Waterville, where the US average is 100. This difference means residents of Waterville 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 $835/month in Waterville — a 0% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $216,700.

Median household income in Montevideo is $65,724 compared to $67,721 in Waterville (-2.9%). Waterville does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Montevideo spend roughly 15.2% of their income on rent, more than the 14.8% in Waterville.

Climate-wise, both cities share similar average temperatures (45.4°F vs 46.7°F). Waterville receives more rainfall at 30.6" per year compared to 28" in Montevideo.