Last update: Oct 2026

Cost of Living Comparison Between Coronado and Montevideo

For one person, living is cheaper in Coronado: $1,362 a month against $1,813 in Montevideo, rent and utilities included – about $5,400 less a year. The total is higher in Montevideo despite lower rent and utilities.

67

Cost of Living Index in Coronado
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Coronado Living Index
86

Cost of Living Index in Montevideo
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Montevideo Living Index

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Coronado

🇵🇦 Panama

$1,362

/mo nomad

Montevideo

🇺🇾 Uruguay

$1,813

/mo nomad

Monthly Cost of Living

How much you'll spend in Coronado 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 Coronado and in Montevideo actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,362 in Coronado versus $1,813 in Montevideo.

Coronado $1,362
Montevideo $1,813

Estimated couple costs with rent: $2,195 in Coronado versus $2,782 in Montevideo.

Coronado $2,195
Montevideo $2,782

Monthly costs for a family of three with rent: $3,029 in Coronado versus $3,750 in Montevideo.

Coronado $3,029
Montevideo $3,750

Living in Coronado costs roughly 25% less than in Montevideo, and outside of rent the biggest gap is in clothing.

Both cities are pricier than the global median: Coronado 2% above, Montevideo 35% above.

Meal at Budget Restaurant

$12.17 PAB 12.17

$15.26 UYU 613

-20.25%

Three-Course Dinner for Two, Mid-Range

$56.0 PAB 56.0

$67.4 UYU 2,711

-16.94%

Fast Food Meal (McDonalds, etc)

$8.50 PAB 8.50

$14.37 UYU 578

-40.85%

Cappuccino

$3.75 PAB 3.75

$4.64 UYU 187

-19.18%

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

$1.20 PAB 1.20

$2.73 UYU 110

-56.04%

Water (0.33 liter bottle)

$0.90 PAB 0.90

$2.09 UYU 84.0

-56.94%

Local Beer (0.5 liter draught)

$0.98 PAB 0.98

$4.75 UYU 191

-79.37%

Imported Beer (0.33 liter bottle)

$2.55 PAB 2.55

$3.67 UYU 147

-30.52%

Milk (1 liter)

$1.93 PAB 1.93

$1.38 UYU 55.5

39.86%

White Bread (500g)

$1.59 PAB 1.59

$2.77 UYU 112

-42.60%

Rice (white) (1kg)

$1.69 UYU 67.8

Eggs

$2.36 PAB 2.36

$4.52 UYU 182

-47.79%

Local Cheese (1kg)

$11.68 PAB 11.68

$14.17 UYU 570

-17.57%

Chicken Fillets (1kg)

$6.58 PAB 6.58

$12.07 UYU 485

-45.48%

Beef Round Steak (1kg)

$9.18 PAB 9.18

$12.16 UYU 489

-24.51%

Apples (1kg)

$2.87 UYU 116

Banana (1kg)

$0.96 PAB 0.96

$2.75 UYU 110

-65.09%

Oranges (1kg)

$3.07 PAB 3.07

$1.73 UYU 69.5

77.46%

Tomato (1kg)

$2.87 PAB 2.87

$3.24 UYU 130

-11.42%

Potato (1kg)

$1.84 PAB 1.84

$2.07 UYU 83.1

-11.11%

Onion (1kg)

$1.93 PAB 1.93

$2.07 UYU 83.1

-6.76%

Lettuce (1 head)

$2.46 PAB 2.46

$1.38 UYU 55.4

78.26%

Water (1.5 liter bottle)

$1.85 UYU 74.5

Cigarettes 20 Pack (Marlboro, Camel)

$5.57 UYU 224

Wine (Bottle)

$8.60 PAB 8.60

$8.89 UYU 357

-3.26%

Local Beer (0.5 liter bottle)

$0.70 PAB 0.70

$2.29 UYU 92.2

-69.43%

Imported Beer (0.33 liter bottle)

$0.71 PAB 0.71

$2.70 UYU 109

-73.70%

One-way Ticket (Public Transport)

$0.68 PAB 0.68

$1.52 UYU 61.3

-55.26%

Public Transport Monthly Pass (Regular Price)

$73.7 UYU 2,962

Taxi Start (Normal Tariff)

$1.46 PAB 1.46

$1.82 UYU 73.4

-19.78%

Taxi (Normal Tariff) (1km)

$1.54 PAB 1.54

$0.40 UYU 16.05

285.00%

Taxi 1hour Waiting (Normal Tariff)

$10.66 UYU 429

Gasoline (1 liter)

$0.98 PAB 0.98

$2.22 UYU 89.2

-55.86%

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

$26.7K UYU 1.1M

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

$34.6K PAB 34.6K

$36.7K UYU 1.5M

-5.90%

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

$169 PAB 169

$191 UYU 7,674

-11.19%

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

$21.63 PAB 21.63

$20.40 UYU 820

6.03%

Internet (50+ Mbps, Unlimited Data)

$59.1 PAB 59.1

$44.14 UYU 1,775

33.96%

Gym Membership (Monthly)

$59.4 PAB 59.4

$54.1 UYU 2,177

9.75%

Tennis Court (1 Hour on Weekend)

$19.68 UYU 791

Cinema Ticket

$3.42 PAB 3.42

$12.33 UYU 496

-72.26%

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

$613 UYU 24.7K

International Primary School, 1 Child (Yearly)

$11.0K UYU 444.3K

Jeans (Levis 501 Or Similar)

$45.22 PAB 45.22

$103 UYU 4,134

-56.02%

Summer Dress (H&M, Zara, etc)

$56.1 UYU 2,255

Sport Shoes (Adidas, Nike)

$124 UYU 5,000

Men's Leather Business Shoes

$64.0 PAB 64.0

$130 UYU 5,214

-50.65%

1-bedroom Apartment, City Center (Monthly)

$750 PAB 750

$705 UYU 28.4K

6.33%

1-bedroom Apartment, Outside City Center (Monthly)

$559 PAB 559

$575 UYU 23.1K

-2.81%

3-bedroom Apartment, City Center (Monthly)

$1,253 PAB 1,253

$1,139 UYU 45.8K

10.10%

3-bedroom Apartment, Outside City Center (Monthly)

$1,262 PAB 1,262

$1,016 UYU 40.8K

24.26%

Buy Apartment in City Center (m2)

$3,349 UYU 134.6K

Buy Apartment Outside City Center (m2)

$2,019 PAB 2,019

$1,942 UYU 78.1K

3.96%

Average Monthly Net Salary (After Tax)

$455 PAB 455

$1,229 UYU 49.4K

-62.99%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.74

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

Last update for Coronado: October 3, 2026

Last update for Montevideo: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Coronado

$559 41.8%

Montevideo

$575 32.3% 2.9% $16

Monthly Utilities & Internet

Coronado

$250 18.7%

Montevideo

$255 14.3% 2.1% $5.1

Groceries & Markets

Coronado

$214 * 16%

Montevideo

$332 18.7% 55.4% $119

Eating Out

Coronado

$186 13.9%

Montevideo

$271 15.2% 45.6% $85

Sport & Entertainment

Coronado

$66 5%

Montevideo

$79 4.4% 18.9% $13

Clothing & Footwear

Coronado

$49 * 3.7%

Montevideo

$186 10.4% 278% $137

Getting Around

Coronado

$12 * 0.9%

Montevideo

$84 4.7% 603% $72

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

Cost Breakdown

A one-bedroom apartment in the center runs $750 in Coronado and $705 in Montevideo. Housing cost is often the main lever when comparing two cities.

Montevideo pays 170% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $56.0 in Coronado vs $67.0 in Montevideo for a mid-range dinner for two. Groceries echo the gap at $214 vs $332 per month, with Coronado cheaper across the board.

Good to know

🇵🇦 Coronado

🇺🇾 Montevideo

🕒 Local time

21:47 9:47 PM

23:47 11:47 PM

2 h ahead of Coronado

🌤 Weather

👥 Population

1,444

1,319,108 Capital

💱 Currency

Panamanian Balboa PAB B/.

Uruguayan Peso UYU $U

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

Uruguayan Peso exchange rates as of October 10, 2026: 1 USD = 40.21 UYU (100 UYU = 2.49 USD). 1 EUR = 45.1 UYU (100 UYU = 2.22 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations

Coronado Montevideo 5,430 km ≈ 7 h nonstop flight

From you

Coronado
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

Coronado vs Montevideo: Cost of Living - Frequently Asked Questions

Coronado wins on cost – living expenses run 33% lower than in Montevideo. Housing and daily spending are where you'll feel the difference most, making Coronado the obvious pick if budget is a priority.

On paper, salaries run 170% lower in Montevideo. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $750 in Coronado versus $705 in Montevideo. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $1,362 per month in Coronado versus $1,813 in Montevideo – a 33% gap that adds up to real savings over time for anyone picking the cheaper option.

Supermarket bills run roughly 55% higher in Montevideo. For households that cook at home regularly, that difference adds up over a month.

At $1,362 in Coronado versus $1,813 in Montevideo, a $1,000 budget is realistic in Coronado but tight or insufficient in Montevideo. The gap between the two cities makes Coronado the clear choice for anyone on this budget.

Both work as nomad bases, but Coronado delivers better value – similar infrastructure at $1,362 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Coronado hard to pass up.

Safety-wise, Coronado and Montevideo are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Coronado gentler on the wallet – expenses run 33% less than in Montevideo. Beyond cost, consider language, visa policies, and how big the international community is in each city.