Montevideo, MN vs Winsted, MN

Montevideo is moderately more affordable than Winsted, with a 10% lower cost of living index. Montevideo scores 70 compared to 78 for Winsted, where the US average is 100. This difference means residents of Winsted 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 $797/month in Winsted — a 4% difference. Interestingly, home values tell a different story: while Winsted has cheaper rent, Montevideo actually has lower median home values ($137,600 vs $210,200).

Median household income in Montevideo is $65,724 compared to $70,208 in Winsted (-6.4%). The higher salaries in Winsted 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, more than the 13.6% in Winsted.

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