Last update: Oct 2026

Cost of Living Comparison Between Montevideo and Coronado

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.

86

Cost of Living Index in Montevideo
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Montevideo Living Index
67

Cost of Living Index in Coronado
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Coronado Living Index

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Montevideo

🇺🇾 Uruguay

$1,813

/mo nomad

Coronado

🇵🇦 Panama

$1,362

/mo nomad

Monthly Cost of Living

How much you'll spend in Montevideo and in Coronado

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

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

Montevideo $1,813
Coronado $1,362

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

Montevideo $2,782
Coronado $2,195

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

Montevideo $3,750
Coronado $3,029

Living in Montevideo is roughly 33% more expensive than in Coronado, and outside of rent the biggest gap is in clothing.

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

Meal at Budget Restaurant

$15.26 UYU 613

$12.17 PAB 12.17

25.39%

Three-Course Dinner for Two, Mid-Range

$67.4 UYU 2,707

$56.0 PAB 56.0

20.39%

Fast Food Meal (McDonalds, etc)

$14.37 UYU 577

$8.50 PAB 8.50

69.06%

Cappuccino

$4.64 UYU 186

$3.75 PAB 3.75

23.73%

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

$2.73 UYU 110

$1.20 PAB 1.20

127.50%

Water (0.33 liter bottle)

$2.09 UYU 83.9

$0.90 PAB 0.90

132.22%

Local Beer (0.5 liter draught)

$4.75 UYU 191

$0.98 PAB 0.98

384.69%

Imported Beer (0.33 liter bottle)

$3.67 UYU 147

$2.55 PAB 2.55

43.92%

Milk (1 liter)

$1.38 UYU 55.4

$1.93 PAB 1.93

-28.50%

White Bread (500g)

$2.77 UYU 111

$1.59 PAB 1.59

74.21%

Rice (white) (1kg)

$1.69 UYU 67.7

Eggs

$4.52 UYU 182

$2.36 PAB 2.36

91.53%

Local Cheese (1kg)

$14.17 UYU 569

$11.68 PAB 11.68

21.32%

Chicken Fillets (1kg)

$12.07 UYU 485

$6.58 PAB 6.58

83.43%

Beef Round Steak (1kg)

$12.16 UYU 488

$9.18 PAB 9.18

32.46%

Apples (1kg)

$2.87 UYU 115

Banana (1kg)

$2.75 UYU 110

$0.96 PAB 0.96

186.46%

Oranges (1kg)

$1.73 UYU 69.4

$3.07 PAB 3.07

-43.65%

Tomato (1kg)

$3.24 UYU 130

$2.87 PAB 2.87

12.89%

Potato (1kg)

$2.07 UYU 83.0

$1.84 PAB 1.84

12.50%

Onion (1kg)

$2.07 UYU 83.0

$1.93 PAB 1.93

7.25%

Lettuce (1 head)

$1.38 UYU 55.4

$2.46 PAB 2.46

-43.90%

Water (1.5 liter bottle)

$1.85 UYU 74.4

Cigarettes 20 Pack (Marlboro, Camel)

$5.57 UYU 224

Wine (Bottle)

$8.89 UYU 357

$8.60 PAB 8.60

3.37%

Local Beer (0.5 liter bottle)

$2.29 UYU 92.1

$0.70 PAB 0.70

227.14%

Imported Beer (0.33 liter bottle)

$2.70 UYU 108

$0.71 PAB 0.71

280.28%

One-way Ticket (Public Transport)

$1.52 UYU 61.2

$0.68 PAB 0.68

123.53%

Public Transport Monthly Pass (Regular Price)

$73.7 UYU 2,958

Taxi Start (Normal Tariff)

$1.82 UYU 73.3

$1.46 PAB 1.46

24.66%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.02

$1.54 PAB 1.54

-74.03%

Taxi 1hour Waiting (Normal Tariff)

$10.66 UYU 428

Gasoline (1 liter)

$2.22 UYU 89.0

$0.98 PAB 0.98

126.53%

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)

$36.7K UYU 1.5M

$34.6K PAB 34.6K

6.27%

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

$191 UYU 7,662

$169 PAB 169

12.60%

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

$20.40 UYU 819

$21.63 PAB 21.63

-5.69%

Internet (50+ Mbps, Unlimited Data)

$44.14 UYU 1,772

$59.1 PAB 59.1

-25.35%

Gym Membership (Monthly)

$54.1 UYU 2,174

$59.4 PAB 59.4

-8.89%

Tennis Court (1 Hour on Weekend)

$19.68 UYU 790

Cinema Ticket

$12.33 UYU 495

$3.42 PAB 3.42

260.53%

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

$613 UYU 24.6K

International Primary School, 1 Child (Yearly)

$11.0K UYU 443.6K

Jeans (Levis 501 Or Similar)

$103 UYU 4,128

$45.22 PAB 45.22

127.36%

Summer Dress (H&M, Zara, etc)

$56.1 UYU 2,251

Sport Shoes (Adidas, Nike)

$124 UYU 4,993

Men's Leather Business Shoes

$130 UYU 5,207

$64.0 PAB 64.0

102.63%

1-bedroom Apartment, City Center (Monthly)

$705 UYU 28.3K

$750 PAB 750

-5.95%

1-bedroom Apartment, Outside City Center (Monthly)

$575 UYU 23.1K

$559 PAB 559

2.90%

3-bedroom Apartment, City Center (Monthly)

$1,139 UYU 45.7K

$1,253 PAB 1,253

-9.17%

3-bedroom Apartment, Outside City Center (Monthly)

$1,016 UYU 40.8K

$1,262 PAB 1,262

-19.53%

Buy Apartment in City Center (m2)

$3,349 UYU 134.4K

Buy Apartment Outside City Center (m2)

$1,942 UYU 78.0K

$2,019 PAB 2,019

-3.81%

Average Monthly Net Salary (After Tax)

$1,229 UYU 49.4K

$455 PAB 455

170.19%

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 Montevideo: October 5, 2026

Last update for Coronado: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Montevideo

$575 32.3%

Coronado

$559 41.8% 2.8% $16

Groceries & Markets

Montevideo

$332 18.7%

Coronado

$214 * 16% 35.7% $119

Eating Out

Montevideo

$271 15.2%

Coronado

$186 13.9% 31.3% $85

Monthly Utilities & Internet

Montevideo

$255 14.3%

Coronado

$250 18.7% 2% $5.1

Clothing & Footwear

Montevideo

$186 10.4%

Coronado

$49 * 3.7% 73.5% $137

Getting Around

Montevideo

$84 4.7%

Coronado

$12 * 0.9% 85.8% $72

Sport & Entertainment

Montevideo

$79 4.4%

Coronado

$66 5% 15.9% $13

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 $705 in Montevideo and $750 in Coronado. 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: $67.0 in Montevideo vs $56.0 in Coronado for a mid-range dinner for two. Groceries echo the gap at $332 vs $214 per month, with Coronado cheaper across the board.

Good to know

🇺🇾 Montevideo

🇵🇦 Coronado

🕒 Local time

03:18 3:18 AM

01:18 1:18 AM

2 h behind Montevideo

🌤 Weather

👥 Population

1,319,108 Capital

1,444

💱 Currency

Uruguayan Peso UYU $U

Panamanian Balboa PAB B/.

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 10, 2026: 1 USD = 40.15 UYU (100 UYU = 2.49 USD). 1 EUR = 45.03 UYU (100 UYU = 2.22 EUR).

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).

USD to UYU in detail →

On the map

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Highest

Between locations

Montevideo Coronado 5,430 km ≈ 7 h nonstop flight

From you

Montevideo
Coronado

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

Montevideo vs Coronado: 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.

Average pay runs 170% higher in Montevideo, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

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

All in, you'll spend $1,813 per month in Montevideo versus $1,362 in Coronado – 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, Montevideo and Coronado 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.