Cost of Living in Montevideo, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.0
100 = national avg
-6.0 vs national average
Living Wage (1 Adult)
$41,341
per year
Living Wage (Family of 4)
$97,715
per year
Cost Index by Category
Housing83.1
Food100.2
Transportation100.5
Healthcare100.2
Utilities96.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$973
per month
The overall cost of living index in Montevideo is 94.0, which is 6.0% below the national average. Housing costs are below the national average at an index of 83.1. A single adult needs to earn approximately $41,341 per year to cover basic expenses.