Comparison

Buenos Aires vs Montevideo: cost of living compared

On an average lifestyle in a 1-bed apartment, Montevideo costs 57% more than Buenos Aires: $1,533 against $977 a month, a difference of $556.

Data period: Q1–Q2 2026Status: modeled estimate

Category by category

One person, 1-bed apartment, average lifestyle.

Costs by category
CategoryBuenos AiresMontevideoDifference
Rent$520$800+$280
Groceries$180$270+$90
Transport$30$60+$30
Utilities$45$80+$35
Internet$22$33+$11
Coworking$90$140+$50
Entertainment$90$150+$60
Total per month$977$1,533+$556

The category that separates the two cities most is rent: $520 in Buenos Aires and $800 in Montevideo, which is $280 of the $556 gap. Buenos Aires has an equal or lower estimate in every category.

Other households and lifestyles

Monthly total by scenario
ScenarioBuenos AiresMontevideoDifference
Frugal · Room$418$728+$310
Frugal · 1-bed apartment$663$1,088+$425
Average · 1-bed apartment$977$1,533+$556
Comfortable · 1-bed apartment$1,458$2,105+$647
Average · Family apartment$1,402$2,128+$726
Comfortable · Family apartment$1,968$2,870+$902

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Currency and exchange rates

Argentina uses the Argentine peso; figures are converted to dollars at the exchange rate of the data period, and this currency has been especially volatile.

Uruguay uses the Uruguayan peso; figures are converted to dollars at the exchange rate of the data period.

A lower cost is not the same as a better fit. These figures do not measure housing quality, climate, safety or work opportunities.

FAQ

Is it cheaper to live in Buenos Aires or Montevideo?
In our data, Buenos Aires has the lower estimated total in the main scenario: $977 against $1,533 a month. Cost is not the whole decision: climate, visas, work and neighborhood matter too.
How much is rent in Buenos Aires and Montevideo?
A 1-bed apartment is estimated at $380 to $750 in Buenos Aires, and $600 to $1,100 in Montevideo, depending on lifestyle.

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