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 $2,029 per month in Cold Lake vs $1,632 in Montevideo, rent included.

A couple spends around $3,036 per month in Cold Lake vs $2,480 in Montevideo, rent included.

A family of three spends $4,044 per month in Cold Lake vs $3,329 in Montevideo, rent included.

Cold Lake costs about 24% more than Montevideo, driven mainly by Clothing & Footwear.

Both Cold Lake and Montevideo sit above the global median – Cold Lake by 51%, Montevideo by 22%.

Meal at Budget Restaurant

$18.59 CA$25.75

$15.85 UYU 639

17.29%

Three-Course Dinner for Two, Mid-Range

$61.6 CA$85.3

$54.6 UYU 2,200

12.91%

Fast Food Meal (McDonalds, etc)

$11.43 CA$15.83

$12.12 UYU 489

-5.69%

Cappuccino

$3.83 CA$5.30

$4.23 UYU 170

-9.46%

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

$2.15 CA$2.97

$2.19 UYU 88.2

-1.83%

Water (0.33 liter bottle)

$1.50 CA$2.08

$1.69 UYU 68.3

-11.24%

Local Beer (0.5 liter draught)

$5.72 CA$7.92

$4.52 UYU 182

26.55%

Imported Beer (0.33 liter bottle)

$5.91 CA$8.18

$3.60 UYU 145

64.17%

Milk (1 liter)

$1.06 CA$1.47

$1.27 UYU 51.3

-16.54%

White Bread (500g)

$2.05 CA$2.83

$2.77 UYU 112

-25.99%

Rice (white) (1kg)

$3.16 CA$4.37

$1.58 UYU 63.9

100.00%

Eggs

$3.58 CA$4.96

$4.79 UYU 193

-25.26%

Local Cheese (1kg)

$11.51 CA$15.94

$13.41 UYU 541

-14.17%

Chicken Fillets (1kg)

$12.75 CA$17.65

$10.67 UYU 430

19.49%

Beef Round Steak (1kg)

$16.06 CA$22.24

$11.24 UYU 453

42.88%

Apples (1kg)

$4.61 CA$6.39

$3.00 UYU 121

53.67%

Banana (1kg)

$1.11 CA$1.54

$2.43 UYU 98.1

-54.32%

Oranges (1kg)

$1.89 CA$2.62

$1.54 UYU 62.3

22.73%

Tomato (1kg)

$2.19 CA$3.03

$3.66 UYU 148

-40.16%

Potato (1kg)

$2.37 CA$3.28

$2.11 UYU 84.9

12.32%

Onion (1kg)

$1.08 CA$1.49

$1.89 UYU 76.0

-42.86%

Lettuce (1 head)

$2.70 CA$3.74

$1.37 UYU 55.1

97.08%

Water (1.5 liter bottle)

$1.93 CA$2.67

$1.71 UYU 69.0

12.87%

Cigarettes 20 Pack (Marlboro, Camel)

$12.43 CA$17.22

$5.10 UYU 205

143.73%

Wine (Bottle)

$12.26 CA$16.97

$10.05 UYU 405

21.99%

Local Beer (0.5 liter bottle)

$2.98 CA$4.12

$2.36 UYU 95.0

26.27%

Imported Beer (0.33 liter bottle)

$3.27 CA$4.53

$2.92 UYU 118

11.99%

One-way Ticket (Public Transport)

$2.42 CA$3.34

$1.29 UYU 52.1

87.60%

Public Transport Monthly Pass (Regular Price)

$62.9 CA$87.1

$55.8 UYU 2,250

12.74%

Taxi Start (Normal Tariff)

$3.24 CA$4.48

$1.60 UYU 64.3

102.50%

Taxi (Normal Tariff) (1km)

$1.66 CA$2.29

$3.63 UYU 146

-54.27%

Taxi 1hour Waiting (Normal Tariff)

$23.09 CA$31.96

$12.43 UYU 501

85.76%

Gasoline (1 liter)

$1.01 CA$1.39

$1.81 UYU 73.1

-44.20%

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

$25.0K CA$34.6K

$34.5K UYU 1.4M

-27.60%

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

$22.0K CA$30.5K

$36.0K UYU 1.4M

-38.78%

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

$204 CA$283

$170 UYU 6,872

19.81%

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

$44.18 CA$61.2

$16.51 UYU 666

167.60%

Internet (50+ Mbps, Unlimited Data)

$65.3 CA$90.4

$49.77 UYU 2,007

31.24%

Gym Membership (Monthly)

$42.61 CA$59.0

$61.8 UYU 2,492

-31.05%

Tennis Court (1 Hour on Weekend)

$17.67 UYU 712

Cinema Ticket

$13.46 CA$18.63

$10.45 UYU 421

28.80%

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

$708 CA$980

$482 UYU 19.4K

46.73%

International Primary School, 1 Child (Yearly)

$11.7K CA$16.2K

$8,873 UYU 357.7K

32.18%

Jeans (Levis 501 Or Similar)

$29.96 CA$41.48

$94.9 UYU 3,825

-68.42%

Summer Dress (H&M, Zara, etc)

$36.74 CA$50.9

$47.22 UYU 1,904

-22.19%

Sport Shoes (Adidas, Nike)

$54.7 CA$75.7

$112 UYU 4,507

-51.08%

Men's Leather Business Shoes

$93.0 CA$129

$123 UYU 4,970

-24.55%

1-bedroom Apartment, City Center (Monthly)

$899 CA$1,245

$628 UYU 25.3K

43.22%

1-bedroom Apartment, Outside City Center (Monthly)

$867 CA$1,200

$492 UYU 19.8K

76.29%

3-bedroom Apartment, City Center (Monthly)

$1,614 CA$2,235

$1,112 UYU 44.8K

45.17%

3-bedroom Apartment, Outside City Center (Monthly)

$1,517 CA$2,100

$801 UYU 32.3K

89.45%

Buy Apartment in City Center (m2)

$3,582 UYU 144.4K

Buy Apartment Outside City Center (m2)

$2,272 UYU 91.6K

Average Monthly Net Salary (After Tax)

$3,146 CA$4,356

$1,334 UYU 53.8K

135.78%

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: May 31, 2026

Last update for Montevideo: May 31, 2026

Cost Breakdown

A central one-bedroom costs $899 in Cold Lake versus $628 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 136% 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 $321 – 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 24%, 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 $3,043 per month in Cold Lake and $2,448 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 $2,029 in Cold Lake and $1,632 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 $1,632, than in Cold Lake at $2,029. 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.