Last update: Oct 2026

Cost of Living Comparison Between Montevideo and Corozal

For one person, living is cheaper in Corozal: $299 a month against $1,771 in Montevideo, rent and utilities included – about $17,700 less a year. Rent and utilities account for about half of the difference.

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Cost of Living Index in Montevideo
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Montevideo Living Index

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Montevideo

🇺🇾 Uruguay

$1,771

/mo nomad

Corozal

🇧🇿 Belize

$299

/mo nomad

Monthly Cost of Living

How much you'll spend in Montevideo and in Corozal

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 Corozal actually costs, broken down by who's living it.

A single person spends $1,771 per month in Montevideo vs $299 in Corozal, rent included.

Montevideo $1,771
Corozal $299

A couple spends around $2,740 per month in Montevideo vs $507 in Corozal, rent included.

Montevideo $2,740
Corozal $507

A family of three spends $3,708 per month in Montevideo vs $715 in Corozal, rent included.

Montevideo $3,708
Corozal $715

Montevideo costs about 492% more than Corozal, and outside of rent the biggest gap is in groceries.

Montevideo sits 31% above the global median, while Corozal is 78% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$15.16 UYU 609

Three-Course Dinner for Two, Mid-Range

$69.2 UYU 2,776

$19.72 BZD 39.44

250.66%

Fast Food Meal (McDonalds, etc)

$14.65 UYU 588

$4.83 BZD 9.66

203.31%

Cappuccino

$4.46 UYU 179

$3.89 BZD 7.78

14.65%

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

$2.67 UYU 107

$0.64 BZD 1.28

317.19%

Water (0.33 liter bottle)

$2.00 UYU 80.4

Local Beer (0.5 liter draught)

$4.83 UYU 194

$1.21 BZD 2.41

299.17%

Imported Beer (0.33 liter bottle)

$3.80 UYU 152

Milk (1 liter)

$1.36 UYU 54.8

$3.79 BZD 7.58

-64.12%

White Bread (500g)

$2.87 UYU 115

Rice (white) (1kg)

$1.75 UYU 70.2

Eggs

$4.68 UYU 188

$1.95 BZD 3.91

140.00%

Local Cheese (1kg)

$13.88 UYU 557

Chicken Fillets (1kg)

$11.98 UYU 481

Beef Round Steak (1kg)

$11.97 UYU 480

$6.76 BZD 13.52

77.07%

Apples (1kg)

$2.78 UYU 111

Banana (1kg)

$2.74 UYU 110

$2.18 BZD 4.35

25.69%

Oranges (1kg)

$1.77 UYU 71.2

Tomato (1kg)

$3.24 UYU 130

Potato (1kg)

$1.97 UYU 79.2

Onion (1kg)

$2.07 UYU 83.1

Lettuce (1 head)

$1.37 UYU 55.1

Water (1.5 liter bottle)

$1.88 UYU 75.3

Cigarettes 20 Pack (Marlboro, Camel)

$5.59 UYU 224

Wine (Bottle)

$8.78 UYU 352

$15.04 BZD 30.09

-41.62%

Local Beer (0.5 liter bottle)

$2.26 UYU 90.9

$1.67 BZD 3.35

35.33%

Imported Beer (0.33 liter bottle)

$2.75 UYU 110

$2.01 BZD 4.03

36.82%

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)

$1.91 UYU 76.7

$3.51 BZD 7.02

-45.58%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.18

$3.00 BZD 6.01

-86.67%

Taxi 1hour Waiting (Normal Tariff)

$10.33 UYU 415

Gasoline (1 liter)

$2.13 UYU 85.6

$1.61 BZD 3.21

32.30%

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

$27.1K UYU 1.1M

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

$36.3K UYU 1.5M

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

$188 UYU 7,557

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

$20.54 UYU 824

$49.73 BZD 99.5

-58.70%

Internet (50+ Mbps, Unlimited Data)

$44.81 UYU 1,798

Gym Membership (Monthly)

$54.0 UYU 2,166

$39.33 BZD 78.7

37.20%

Tennis Court (1 Hour on Weekend)

$19.75 UYU 793

Cinema Ticket

$11.95 UYU 480

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

$634 UYU 25.5K

International Primary School, 1 Child (Yearly)

$11.1K UYU 443.6K

Jeans (Levis 501 Or Similar)

$102 UYU 4,099

Summer Dress (H&M, Zara, etc)

$57.5 UYU 2,309

Sport Shoes (Adidas, Nike)

$127 UYU 5,079

Men's Leather Business Shoes

$128 UYU 5,131

1-bedroom Apartment, City Center (Monthly)

$719 UYU 28.8K

$233 BZD 465

208.94%

1-bedroom Apartment, Outside City Center (Monthly)

$568 UYU 22.8K

3-bedroom Apartment, City Center (Monthly)

$1,145 UYU 46.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,023 UYU 41.1K

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)

$1,245 UYU 50.0K

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 12, 2026

Last update for Corozal: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Montevideo

$568 32.1%

Corozal

–

Groceries & Markets

Montevideo

$332 18.7%

Corozal

–

Eating Out

Montevideo

$269 15.2%

Corozal

–

Monthly Utilities & Internet

Montevideo

$254 14.3%

Corozal

–

Clothing & Footwear

Montevideo

$186 10.5%

Corozal

–

Getting Around

Montevideo

$84 4.8%

Corozal

–

Sport & Entertainment

Montevideo

$78 4.4%

Corozal

–

Cost Breakdown

A central one-bedroom costs $719 in Montevideo versus $233 in Corozal. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $69.0 in Montevideo versus $20.00 in Corozal. Monthly groceries follow the same trend: $332 vs $122 – making Corozal the more affordable choice for daily food spending.

Good to know

🇺🇾 Montevideo

🇧🇿 Corozal

🕒 Local time

13:07 1:07 PM

10:07 10:07 AM

3 h behind Montevideo

🌤 Weather

👥 Population

1,319,108 Capital

10,000

💱 Currency

Uruguayan Peso UYU $U

Belize Dollar BZD $

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

1 BZD = 0.5 USD

1 BZD = 0.445 EUR

Exchange rates and currency converter

BZD, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

Uruguayan Peso exchange rates as of October 17, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.13 UYU (100 UYU = 2.22 EUR).

Belize Dollar exchange rates as of October 17, 2026: 1 USD = 2 BZD (1 BZD = 0.5 USD). 1 EUR = 2.25 BZD (1 BZD = 0.445 EUR).

USD to UYU in detail →

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Between locations

Montevideo Corozal 6,830 km ≈ 9 h nonstop flight

From you

Montevideo
Corozal

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 Corozal: Cost of Living - Frequently Asked Questions

Montevideo costs about 492% more than Corozal, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,656 per month in Montevideo and $448 in Corozal. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Corozal, 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 $1,771 in Montevideo and $299 in Corozal. That's a gap of about 492%.

Groceries cost about 173% more in Montevideo, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Corozal, where all-in costs run around $299, than in Montevideo at $1,771. In Corozal it covers expenses comfortably, while in Montevideo it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Corozal costs $299 versus $1,771 in Montevideo. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Corozal. 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.