Cost of Living Comparison Between Cold Lake and Montevideo Cost of Living Comparison Between Cold Lake and Montevideo

Monthly Cost of Living

A single person spends $2,055 per month in Cold Lake vs $1,667 in Montevideo, rent included.

A couple spends around $3,071 per month in Cold Lake vs $2,511 in Montevideo, rent included.

A family of three spends $4,087 per month in Cold Lake vs $3,354 in Montevideo, rent included.

Cold Lake costs about 23% more than Montevideo, driven mainly by Clothing & Footwear.

Both Cold Lake and Montevideo sit above the global median – Cold Lake by 54%, Montevideo by 25%.

Meal at Budget Restaurant

$18.43 CA$25.84

$16.30 UYU 656

13.07%

Three-Course Dinner for Two, Mid-Range

$61.8 CA$86.6

$55.4 UYU 2,228

11.50%

Fast Food Meal (McDonalds, etc)

$11.46 CA$16.07

$12.19 UYU 490

-5.99%

Cappuccino

$3.69 CA$5.17

$4.26 UYU 171

-13.38%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.18 CA$3.06

$2.19 UYU 88.1

-0.46%

Water (0.33 liter bottle)

$1.49 CA$2.09

$1.71 UYU 68.8

-12.87%

Local Beer (0.5 liter draught)

$6.02 CA$8.44

$4.47 UYU 180

34.68%

Imported Beer (0.33 liter bottle)

$5.71 CA$8.01

$3.70 UYU 149

54.32%

Milk (1 liter)

$1.12 CA$1.57

$1.25 UYU 50.4

-10.40%

White Bread (500g)

$2.00 CA$2.80

$2.91 UYU 117

-31.27%

Rice (white) (1kg)

$3.14 CA$4.40

$1.63 UYU 65.7

92.64%

Eggs

$3.73 CA$5.23

$4.96 UYU 199

-24.80%

Local Cheese (1kg)

$11.49 CA$16.11

$13.31 UYU 535

-13.67%

Chicken Fillets (1kg)

$12.36 CA$17.32

$10.83 UYU 436

14.13%

Beef Round Steak (1kg)

$16.27 CA$22.81

$10.96 UYU 441

48.45%

Apples (1kg)

$4.68 CA$6.56

$3.08 UYU 124

51.95%

Banana (1kg)

$1.13 CA$1.58

$2.36 UYU 94.9

-52.12%

Oranges (1kg)

$1.81 CA$2.53

$1.50 UYU 60.4

20.67%

Tomato (1kg)

$2.25 CA$3.15

$3.58 UYU 144

-37.15%

Potato (1kg)

$2.44 CA$3.42

$2.08 UYU 83.6

17.31%

Onion (1kg)

$1.08 CA$1.52

$1.94 UYU 78.1

-44.33%

Lettuce (1 head)

$2.69 CA$3.77

$1.31 UYU 52.7

105.34%

Water (1.5 liter bottle)

$2.00 CA$2.80

$1.73 UYU 69.4

15.61%

Cigarettes 20 Pack (Marlboro, Camel)

$12.38 CA$17.36

$5.23 UYU 210

136.71%

Wine (Bottle)

$11.89 CA$16.68

$8.76 UYU 353

35.73%

Local Beer (0.5 liter bottle)

$2.98 CA$4.18

$2.33 UYU 93.9

27.90%

Imported Beer (0.33 liter bottle)

$3.14 CA$4.41

$2.90 UYU 117

8.28%

One-way Ticket (Public Transport)

$2.40 CA$3.36

$1.30 UYU 52.1

84.62%

Public Transport Monthly Pass (Regular Price)

$62.4 CA$87.6

$56.3 UYU 2,265

10.89%

Taxi Start (Normal Tariff)

$3.20 CA$4.48

$1.54 UYU 62.1

107.79%

Taxi (Normal Tariff) (1km)

$1.64 CA$2.30

$3.63 UYU 146

-54.82%

Taxi 1hour Waiting (Normal Tariff)

$23.53 CA$32.99

$12.37 UYU 498

90.22%

Gasoline (1 liter)

$1.05 CA$1.47

$1.83 UYU 73.5

-42.62%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$25.6K CA$35.8K

$33.7K UYU 1.4M

-24.11%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$22.5K CA$31.5K

$35.9K UYU 1.4M

-37.28%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$202 CA$283

$175 UYU 7,032

15.50%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$45.23 CA$63.4

$16.95 UYU 682

166.84%

Internet (50+ Mbps, Unlimited Data)

$66.4 CA$93.1

$48.42 UYU 1,948

37.11%

Gym Membership (Monthly)

$42.10 CA$59.0

$61.7 UYU 2,480

-31.71%

Tennis Court (1 Hour on Weekend)

$17.76 UYU 715

Cinema Ticket

$13.34 CA$18.70

$10.42 UYU 419

28.02%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$697 CA$978

$489 UYU 19.7K

42.67%

International Primary School, 1 Child (Yearly)

$11.6K CA$16.3K

$8,967 UYU 360.7K

29.65%

Jeans (Levis 501 Or Similar)

$29.72 CA$41.67

$95.6 UYU 3,847

-68.93%

Summer Dress (H&M, Zara, etc)

$36.10 CA$50.6

$47.66 UYU 1,917

-24.26%

Sport Shoes (Adidas, Nike)

$55.5 CA$77.8

$115 UYU 4,608

-51.54%

Men's Leather Business Shoes

$93.1 CA$131

$121 UYU 4,858

-22.91%

1-bedroom Apartment, City Center (Monthly)

$919 CA$1,289

$611 UYU 24.6K

50.52%

1-bedroom Apartment, Outside City Center (Monthly)

$892 CA$1,250

$488 UYU 19.6K

82.92%

3-bedroom Apartment, City Center (Monthly)

$1,599 CA$2,241

$1,107 UYU 44.5K

44.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,500 CA$2,104

$818 UYU 32.9K

83.52%

Buy Apartment in City Center (m2)

$3,598 UYU 144.7K

Buy Apartment Outside City Center (m2)

$2,274 UYU 91.5K

Average Monthly Net Salary (After Tax)

$3,040 CA$4,262

$1,332 UYU 53.6K

128.14%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.08

5.68

7.04%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Cold Lake: July 13, 2026

Last update for Montevideo: July 13, 2026

Cost Breakdown

A central one-bedroom costs $919 in Cold Lake versus $611 in Montevideo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 128% higher in Cold Lake, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $62.0 in Cold Lake versus $55.0 in Montevideo. Monthly groceries follow the same trend: $342 vs $319 – making Montevideo the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Cold Lake vs Montevideo: Cost of Living - Frequently Asked Questions

Yes – Cold Lake is pricier by about 23%, and the gap shows up most in Clothing & Footwear. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,082 per month in Cold Lake and $2,501 in Montevideo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Montevideo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $62.0 in Cold Lake and $55.0 in Montevideo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,055 in Cold Lake and $1,667 in Montevideo. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,500 monthly budget goes further in Montevideo, where all-in costs run around $1,667, than in Cold Lake at $2,055. In Montevideo it covers expenses comfortably, while in Cold Lake it requires careful planning or may not stretch far enough.

Families tend to lean toward Montevideo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Montevideo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Cold Lake makes more sense. Both are solid long-term options with distinct trade-offs.