Last update: Oct 2026

Cost of Living Comparison Between Granada and Montevideo

For one person, living is cheaper in Granada: $920 a month against $1,771 in Montevideo, rent and utilities included – about $10,200 less a year. Other living expenses account for most of the difference.

45

Cost of Living Index in Granada
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Granada Living Index
86

Cost of Living Index in Montevideo
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Montevideo Living Index

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Granada

🇳🇮 Nicaragua

$920

/mo nomad

Montevideo

🇺🇾 Uruguay

$1,771

/mo nomad

Monthly Cost of Living

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

A single person spends $920 per month in Granada vs $1,771 in Montevideo, rent included.

Granada $920
Montevideo $1,771

A couple spends around $1,291 per month in Granada vs $2,740 in Montevideo, rent included.

Granada $1,291
Montevideo $2,740

A family of three spends $1,662 per month in Granada vs $3,708 in Montevideo, rent included.

Granada $1,662
Montevideo $3,708

Granada is about 48% cheaper than Montevideo, and outside of rent the biggest gap is in eating out.

Granada sits 32% below the global median, while Montevideo is 31% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.31 NIO 158

$15.16 UYU 609

-71.57%

Three-Course Dinner for Two, Mid-Range

$23.77 NIO 870

$69.2 UYU 2,776

-65.63%

Fast Food Meal (McDonalds, etc)

$6.95 NIO 254

$14.65 UYU 588

-52.56%

Cappuccino

$1.76 NIO 64.4

$4.46 UYU 179

-60.54%

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

$0.86 NIO 31.63

$2.67 UYU 107

-67.79%

Water (0.33 liter bottle)

$0.69 NIO 25.24

$2.00 UYU 80.4

-65.50%

Local Beer (0.5 liter draught)

$1.32 NIO 48.42

$4.83 UYU 194

-72.67%

Imported Beer (0.33 liter bottle)

$2.03 NIO 74.4

$3.80 UYU 152

-46.58%

Milk (1 liter)

$1.22 NIO 44.75

$1.36 UYU 54.8

-10.29%

White Bread (500g)

$1.60 NIO 58.6

$2.87 UYU 115

-44.25%

Rice (white) (1kg)

$0.54 NIO 19.73

$1.75 UYU 70.2

-69.14%

Eggs

$1.18 NIO 43.11

$4.68 UYU 188

-74.79%

Local Cheese (1kg)

$5.01 NIO 183

$13.88 UYU 557

-63.90%

Chicken Fillets (1kg)

$5.02 NIO 184

$11.98 UYU 481

-58.10%

Beef Round Steak (1kg)

$7.90 NIO 289

$11.97 UYU 480

-34.00%

Apples (1kg)

$4.08 NIO 149

$2.78 UYU 111

46.76%

Banana (1kg)

$0.59 NIO 21.53

$2.74 UYU 110

-78.47%

Oranges (1kg)

$1.76 NIO 64.6

$1.77 UYU 71.2

-0.56%

Tomato (1kg)

$0.98 NIO 35.96

$3.24 UYU 130

-69.75%

Potato (1kg)

$2.81 NIO 103

$1.97 UYU 79.2

42.64%

Onion (1kg)

$1.01 NIO 37.12

$2.07 UYU 83.1

-51.21%

Lettuce (1 head)

$1.03 NIO 37.59

$1.37 UYU 55.1

-24.82%

Water (1.5 liter bottle)

$1.02 NIO 37.21

$1.88 UYU 75.3

-45.74%

Cigarettes 20 Pack (Marlboro, Camel)

$2.80 NIO 103

$5.59 UYU 224

-49.91%

Wine (Bottle)

$10.07 NIO 369

$8.78 UYU 352

14.69%

Local Beer (0.5 liter bottle)

$1.41 NIO 51.8

$2.26 UYU 90.9

-37.61%

Imported Beer (0.33 liter bottle)

$1.77 NIO 64.9

$2.75 UYU 110

-35.64%

One-way Ticket (Public Transport)

$0.09 NIO 3.37

$1.53 UYU 61.5

-94.12%

Public Transport Monthly Pass (Regular Price)

$3.89 NIO 142

$74.3 UYU 2,980

-94.76%

Taxi Start (Normal Tariff)

$0.59 NIO 21.59

$1.91 UYU 76.7

-69.11%

Taxi (Normal Tariff) (1km)

$1.60 NIO 58.8

$0.40 UYU 16.18

300.00%

Taxi 1hour Waiting (Normal Tariff)

$6.83 NIO 250

$10.33 UYU 415

-33.88%

Gasoline (1 liter)

$1.28 NIO 46.73

$2.13 UYU 85.6

-39.91%

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

$23.2K NIO 849.8K

$27.1K UYU 1.1M

-14.40%

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

$26.5K NIO 969.6K

$36.3K UYU 1.5M

-26.99%

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

$154 NIO 5,650

$188 UYU 7,557

-18.07%

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

$19.44 NIO 712

$20.54 UYU 824

-5.36%

Internet (50+ Mbps, Unlimited Data)

$32.60 NIO 1,194

$44.81 UYU 1,798

-27.25%

Gym Membership (Monthly)

$54.0 UYU 2,166

Tennis Court (1 Hour on Weekend)

$19.75 UYU 793

Cinema Ticket

$8.74 NIO 320

$11.95 UYU 480

-26.86%

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

$238 NIO 8,720

$634 UYU 25.5K

-62.47%

International Primary School, 1 Child (Yearly)

$5,974 NIO 218.8K

$11.1K UYU 443.6K

-45.95%

Jeans (Levis 501 Or Similar)

$15.21 NIO 557

$102 UYU 4,099

-85.11%

Summer Dress (H&M, Zara, etc)

$30.09 NIO 1,102

$57.5 UYU 2,309

-47.70%

Sport Shoes (Adidas, Nike)

$35.60 NIO 1,304

$127 UYU 5,079

-71.87%

Men's Leather Business Shoes

$35.20 NIO 1,289

$128 UYU 5,131

-72.47%

1-bedroom Apartment, City Center (Monthly)

$423 NIO 15.5K

$719 UYU 28.8K

-41.10%

1-bedroom Apartment, Outside City Center (Monthly)

$346 NIO 12.7K

$568 UYU 22.8K

-39.10%

3-bedroom Apartment, City Center (Monthly)

$795 NIO 29.1K

$1,145 UYU 46.0K

-30.55%

3-bedroom Apartment, Outside City Center (Monthly)

$522 NIO 19.1K

$1,023 UYU 41.1K

-48.99%

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)

$136 NIO 4,984

$1,245 UYU 50.0K

-89.07%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.92

5.74

107.67%

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

Last update for Granada: October 13, 2026

Last update for Montevideo: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Granada

$346 37.6%

Montevideo

$568 32.1% 64.2% $222

Monthly Utilities & Internet

Granada

$206 22.4%

Montevideo

$254 14.3% 22.9% $47

Groceries & Markets

Granada

$192 20.9%

Montevideo

$332 18.7% 72.5% $139

Eating Out

Granada

$93 10.1%

Montevideo

$269 15.2% 188% $176

Clothing & Footwear

Granada

$52 5.7%

Montevideo

$186 10.5% 257% $134

Sport & Entertainment

Granada

$17 * 1.9%

Montevideo

$78 4.4% 346% $60

Getting Around

Granada

$13 1.4%

Montevideo

$84 4.8% 555% $71

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

Cost Breakdown

A central one-bedroom costs $423 in Granada 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 815% higher in Montevideo, 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 $24.00 in Granada versus $69.0 in Montevideo. Monthly groceries follow the same trend: $192 vs $332 – making Granada the more affordable choice for daily food spending.

Good to know

🇳🇮 Granada

🇺🇾 Montevideo

🕒 Local time

23:07 11:07 PM

02:07 2:07 AM

3 h ahead of Granada

🌤 Weather

👥 Population

128,937

1,319,108 Capital

💱 Currency

Nicaraguan Córdoba NIO C$

Uruguayan Peso UYU $U

📈 Exchange rate

100 NIO = 2.73 USD

100 NIO = 2.43 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, USD, EUR to NIO – Nicaraguan Córdoba Converter

🇺🇸 United States Dollar ($)

🇳🇮 Nicaraguan Córdoba (C$)

Nicaraguan Córdoba exchange rates as of October 18, 2026: 1 USD = 36.62 NIO (100 NIO = 2.73 USD). 1 EUR = 41.17 NIO (100 NIO = 2.43 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 NIO in detail →

On the map

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Between locations

Granada Montevideo 6,080 km ≈ 8 h nonstop flight

From you

Granada
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

Granada vs Montevideo: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $920 in Granada, $1,771 in Montevideo – roughly 92% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,380 per month in Granada 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 Granada, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 1809% less in Granada. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $238 per month in Granada and $634 in Montevideo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Granada, where all-in costs run around $920, than in Montevideo at $1,771. In Granada it covers expenses comfortably, while in Montevideo it requires careful planning or may not stretch far enough.

It depends on your priorities. Montevideo has an edge in some lifestyle areas, with costs from $920 in Granada to $1,771 in Montevideo. Climate, culture, job market, and personal taste all factor in.

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