Last update: Oct 2026

Cost of Living Comparison Between Cold Lake and Montevideo

For one person, living is cheaper in Montevideo: $1,771 a month against $1,912 in Cold Lake, rent and utilities included – about $1,700 less a year. Higher rent and utilities in Cold Lake outweigh lower spending on other living expenses.

93

Cost of Living Index in Cold Lake
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Cold Lake Living Index
86

Cost of Living Index in Montevideo
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Montevideo Living Index

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Cold Lake

🇨🇦 Canada

$1,912

/mo nomad

Montevideo

🇺🇾 Uruguay

$1,771

/mo nomad

Monthly Cost of Living

How much you'll spend in Cold Lake and in Montevideo

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Cold Lake and in Montevideo actually costs, broken down by who's living it.

A single person spends $1,912 per month in Cold Lake vs $1,771 in Montevideo, rent included.

Cold Lake $1,912
Montevideo $1,771

A couple spends around $2,791 per month in Cold Lake vs $2,740 in Montevideo, rent included.

Cold Lake $2,791
Montevideo $2,740

A family of three spends $3,670 per month in Cold Lake vs $3,708 in Montevideo, rent included.

Cold Lake $3,670
Montevideo $3,708

Cold Lake costs about 8% more than Montevideo, and outside of rent the biggest gap is in clothing.

Both Cold Lake and Montevideo sit above the global median – Cold Lake by 42%, Montevideo by 31%.

Meal at Budget Restaurant

$19.96 CA$28.21

$15.16 UYU 609

31.66%

Three-Course Dinner for Two, Mid-Range

$57.5 CA$81.2

$69.2 UYU 2,776

-16.91%

Fast Food Meal (McDonalds, etc)

$9.67 CA$13.68

$14.65 UYU 588

-33.99%

Cappuccino

$3.82 CA$5.40

$4.46 UYU 179

-14.35%

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

$2.26 CA$3.19

$2.67 UYU 107

-15.36%

Water (0.33 liter bottle)

$1.42 CA$2.01

$2.00 UYU 80.4

-29.00%

Local Beer (0.5 liter draught)

$5.57 CA$7.87

$4.83 UYU 194

15.32%

Imported Beer (0.33 liter bottle)

$6.14 CA$8.68

$3.80 UYU 152

61.58%

Milk (1 liter)

$1.16 CA$1.64

$1.36 UYU 54.8

-14.71%

White Bread (500g)

$2.18 CA$3.09

$2.87 UYU 115

-24.04%

Rice (white) (1kg)

$2.87 CA$4.06

$1.75 UYU 70.2

64.00%

Eggs

$3.07 CA$4.35

$4.68 UYU 188

-34.40%

Local Cheese (1kg)

$10.61 CA$14.99

$13.88 UYU 557

-23.56%

Chicken Fillets (1kg)

$11.16 CA$15.77

$11.98 UYU 481

-6.84%

Beef Round Steak (1kg)

$18.77 CA$26.53

$11.97 UYU 480

56.81%

Apples (1kg)

$3.50 CA$4.94

$2.78 UYU 111

25.90%

Banana (1kg)

$1.16 CA$1.64

$2.74 UYU 110

-57.66%

Oranges (1kg)

$2.81 CA$3.97

$1.77 UYU 71.2

58.76%

Tomato (1kg)

$2.48 CA$3.50

$3.24 UYU 130

-23.46%

Potato (1kg)

$2.15 CA$3.04

$1.97 UYU 79.2

9.14%

Onion (1kg)

$1.06 CA$1.50

$2.07 UYU 83.1

-48.79%

Lettuce (1 head)

$2.33 CA$3.30

$1.37 UYU 55.1

70.07%

Water (1.5 liter bottle)

$1.75 CA$2.48

$1.88 UYU 75.3

-6.91%

Cigarettes 20 Pack (Marlboro, Camel)

$11.94 CA$16.88

$5.59 UYU 224

113.60%

Wine (Bottle)

$11.41 CA$16.14

$8.78 UYU 352

29.95%

Local Beer (0.5 liter bottle)

$3.57 CA$5.05

$2.26 UYU 90.9

57.96%

Imported Beer (0.33 liter bottle)

$2.85 CA$4.03

$2.75 UYU 110

3.64%

One-way Ticket (Public Transport)

$1.53 UYU 61.5

Public Transport Monthly Pass (Regular Price)

$74.3 UYU 2,980

Taxi Start (Normal Tariff)

$2.92 CA$4.13

$1.91 UYU 76.7

52.88%

Taxi (Normal Tariff) (1km)

$1.38 CA$1.95

$0.40 UYU 16.18

245.00%

Taxi 1hour Waiting (Normal Tariff)

$20.67 CA$29.22

$10.33 UYU 415

100.10%

Gasoline (1 liter)

$1.03 CA$1.45

$2.13 UYU 85.6

-51.64%

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

$28.3K CA$40.0K

$27.1K UYU 1.1M

4.25%

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

$19.4K CA$27.4K

$36.3K UYU 1.5M

-46.55%

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

$225 CA$318

$188 UYU 7,557

19.50%

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

$43.04 CA$60.8

$20.54 UYU 824

109.54%

Internet (50+ Mbps, Unlimited Data)

$54.3 CA$76.7

$44.81 UYU 1,798

21.07%

Gym Membership (Monthly)

$54.0 UYU 2,166

Tennis Court (1 Hour on Weekend)

$19.75 UYU 793

Cinema Ticket

$12.61 CA$17.82

$11.95 UYU 480

5.52%

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

$761 CA$1,075

$634 UYU 25.5K

19.90%

International Primary School, 1 Child (Yearly)

$9,434 CA$13.3K

$11.1K UYU 443.6K

-14.64%

Jeans (Levis 501 Or Similar)

$28.35 CA$40.08

$102 UYU 4,099

-72.24%

Summer Dress (H&M, Zara, etc)

$35.05 CA$49.55

$57.5 UYU 2,309

-39.08%

Sport Shoes (Adidas, Nike)

$51.5 CA$72.8

$127 UYU 5,079

-59.32%

Men's Leather Business Shoes

$85.9 CA$121

$128 UYU 5,131

-32.83%

1-bedroom Apartment, City Center (Monthly)

$860 CA$1,216

$719 UYU 28.8K

19.67%

1-bedroom Apartment, Outside City Center (Monthly)

$840 CA$1,188

$568 UYU 22.8K

48.00%

3-bedroom Apartment, City Center (Monthly)

$1,544 CA$2,183

$1,145 UYU 46.0K

34.84%

3-bedroom Apartment, Outside City Center (Monthly)

$1,397 CA$1,975

$1,023 UYU 41.1K

36.56%

Buy Apartment in City Center (m2)

$3,392 UYU 136.1K

Buy Apartment Outside City Center (m2)

$1,949 UYU 78.2K

Average Monthly Net Salary (After Tax)

$3,084 CA$4,359

$1,245 UYU 50.0K

147.75%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.32

5.74

-24.74%

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

Last update for Cold Lake: October 12, 2026

Last update for Montevideo: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Cold Lake

$840 44%

Montevideo

$568 32.1% 32.4% $273

Groceries & Markets

Cold Lake

$335 17.5%

Montevideo

$332 18.7% 0.9% $2.9

Monthly Utilities & Internet

Cold Lake

$322 16.9%

Montevideo

$254 14.3% 21.3% $69

Eating Out

Cold Lake

$289 15.1%

Montevideo

$269 15.2% 7% $20

Clothing & Footwear

Cold Lake

$90 4.7%

Montevideo

$186 10.5% 106% $96

Sport & Entertainment

Cold Lake

$25 * 1.3%

Montevideo

$78 4.4% 209% $53

Getting Around

Cold Lake

$9.8 * 0.5%

Montevideo

$84 4.8% 758% $74

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $860 in Cold Lake versus $719 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 148% 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 $57.0 in Cold Lake versus $69.0 in Montevideo. Groceries tell a different story – $335 in Cold Lake vs $332 in Montevideo – so Montevideo wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Cold Lake

🇺🇾 Montevideo

🕒 Local time

12:47 12:47 PM

15:47 3:47 PM

3 h ahead of Cold Lake

🌤 Weather

👥 Population

11,595

1,319,108 Capital

💱 Currency

Canadian Dollar CAD $

Uruguayan Peso UYU $U

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Uruguayan Peso exchange rates as of October 18, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

USD to CAD in detail →

On the map

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Between locations

Cold Lake Montevideo 11,200 km ≈ 14 h nonstop flight

From you

Cold Lake
Montevideo

Distances are measured in a straight line. Your location is detected approximately.

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 8%, and outside of rent the gap shows up most in clothing.

For a comfortable life, plan on about $2,868 per month in Cold Lake and $2,656 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.

Monthly expenses with rent come to $1,912 in Cold Lake and $1,771 in Montevideo. That's a gap of about 8%.

Kindergarten costs $761 per month in Cold Lake and $634 in Montevideo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Montevideo, where all-in costs run around $1,771, than in Cold Lake at $1,912. 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.