Montevideo, MN vs Waverly, MN

There is a significant gap in the cost of living between these two cities. Montevideo is 19.9% cheaper than Waverly. With a cost index of 70 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montevideo to Waverly should plan for substantially higher expenses across most categories.

On the housing front, median rent in Montevideo is $832/month compared to $913/month in Waverly — a 9% difference. Home values follow the same pattern: Montevideo is more affordable at $137,600 median vs $284,600.

Median household income in Montevideo is $65,724 compared to $113,269 in Waverly (-42%). While Waverly 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, more than the 9.7% in Waverly.

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