Last update: Oct 2026

Cost of Living Comparison Between Montevideo and Granada

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.

86

Cost of Living Index in Montevideo
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Montevideo Living Index
45

Cost of Living Index in Granada
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Granada Living Index

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Montevideo

🇺🇾 Uruguay

$1,771

/mo nomad

Granada

🇳🇮 Nicaragua

$920

/mo nomad

Monthly Cost of Living

How much you'll spend in Montevideo and in Granada

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

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

Montevideo $1,771
Granada $920

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

Montevideo $2,740
Granada $1,291

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

Montevideo $3,708
Granada $1,662

Montevideo costs about 92% more than Granada, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$15.16 UYU 609

$4.31 NIO 158

251.74%

Three-Course Dinner for Two, Mid-Range

$69.2 UYU 2,776

$23.77 NIO 870

190.91%

Fast Food Meal (McDonalds, etc)

$14.65 UYU 588

$6.95 NIO 254

110.79%

Cappuccino

$4.46 UYU 179

$1.76 NIO 64.4

153.41%

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

$2.67 UYU 107

$0.86 NIO 31.63

210.47%

Water (0.33 liter bottle)

$2.00 UYU 80.4

$0.69 NIO 25.24

189.86%

Local Beer (0.5 liter draught)

$4.83 UYU 194

$1.32 NIO 48.42

265.91%

Imported Beer (0.33 liter bottle)

$3.80 UYU 152

$2.03 NIO 74.4

87.19%

Milk (1 liter)

$1.36 UYU 54.8

$1.22 NIO 44.75

11.48%

White Bread (500g)

$2.87 UYU 115

$1.60 NIO 58.6

79.38%

Rice (white) (1kg)

$1.75 UYU 70.2

$0.54 NIO 19.73

224.07%

Eggs

$4.68 UYU 188

$1.18 NIO 43.11

296.61%

Local Cheese (1kg)

$13.88 UYU 557

$5.01 NIO 183

177.05%

Chicken Fillets (1kg)

$11.98 UYU 481

$5.02 NIO 184

138.65%

Beef Round Steak (1kg)

$11.97 UYU 480

$7.90 NIO 289

51.52%

Apples (1kg)

$2.78 UYU 111

$4.08 NIO 149

-31.86%

Banana (1kg)

$2.74 UYU 110

$0.59 NIO 21.53

364.41%

Oranges (1kg)

$1.77 UYU 71.2

$1.76 NIO 64.6

0.57%

Tomato (1kg)

$3.24 UYU 130

$0.98 NIO 35.96

230.61%

Potato (1kg)

$1.97 UYU 79.2

$2.81 NIO 103

-29.89%

Onion (1kg)

$2.07 UYU 83.1

$1.01 NIO 37.12

104.95%

Lettuce (1 head)

$1.37 UYU 55.1

$1.03 NIO 37.59

33.01%

Water (1.5 liter bottle)

$1.88 UYU 75.3

$1.02 NIO 37.21

84.31%

Cigarettes 20 Pack (Marlboro, Camel)

$5.59 UYU 224

$2.80 NIO 103

99.64%

Wine (Bottle)

$8.78 UYU 352

$10.07 NIO 369

-12.81%

Local Beer (0.5 liter bottle)

$2.26 UYU 90.9

$1.41 NIO 51.8

60.28%

Imported Beer (0.33 liter bottle)

$2.75 UYU 110

$1.77 NIO 64.9

55.37%

One-way Ticket (Public Transport)

$1.53 UYU 61.5

$0.09 NIO 3.37

1600.00%

Public Transport Monthly Pass (Regular Price)

$74.3 UYU 2,980

$3.89 NIO 142

1809.00%

Taxi Start (Normal Tariff)

$1.91 UYU 76.7

$0.59 NIO 21.59

223.73%

Taxi (Normal Tariff) (1km)

$0.40 UYU 16.18

$1.60 NIO 58.8

-75.00%

Taxi 1hour Waiting (Normal Tariff)

$10.33 UYU 415

$6.83 NIO 250

51.24%

Gasoline (1 liter)

$2.13 UYU 85.6

$1.28 NIO 46.73

66.41%

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

$27.1K UYU 1.1M

$23.2K NIO 849.8K

16.82%

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

$36.3K UYU 1.5M

$26.5K NIO 969.6K

36.98%

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

$188 UYU 7,557

$154 NIO 5,650

22.06%

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

$20.54 UYU 824

$19.44 NIO 712

5.66%

Internet (50+ Mbps, Unlimited Data)

$44.81 UYU 1,798

$32.60 NIO 1,194

37.45%

Gym Membership (Monthly)

$54.0 UYU 2,166

Tennis Court (1 Hour on Weekend)

$19.75 UYU 793

Cinema Ticket

$11.95 UYU 480

$8.74 NIO 320

36.73%

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

$634 UYU 25.5K

$238 NIO 8,720

166.47%

International Primary School, 1 Child (Yearly)

$11.1K UYU 443.6K

$5,974 NIO 218.8K

85.01%

Jeans (Levis 501 Or Similar)

$102 UYU 4,099

$15.21 NIO 557

571.47%

Summer Dress (H&M, Zara, etc)

$57.5 UYU 2,309

$30.09 NIO 1,102

91.19%

Sport Shoes (Adidas, Nike)

$127 UYU 5,079

$35.60 NIO 1,304

255.51%

Men's Leather Business Shoes

$128 UYU 5,131

$35.20 NIO 1,289

263.18%

1-bedroom Apartment, City Center (Monthly)

$719 UYU 28.8K

$423 NIO 15.5K

69.77%

1-bedroom Apartment, Outside City Center (Monthly)

$568 UYU 22.8K

$346 NIO 12.7K

64.22%

3-bedroom Apartment, City Center (Monthly)

$1,145 UYU 46.0K

$795 NIO 29.1K

44.00%

3-bedroom Apartment, Outside City Center (Monthly)

$1,023 UYU 41.1K

$522 NIO 19.1K

96.05%

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

$136 NIO 4,984

814.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.74

11.92

-51.85%

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

Last update for Montevideo: October 12, 2026

Last update for Granada: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Montevideo

$568 32.1%

Granada

$346 37.6% 39.1% $222

Groceries & Markets

Montevideo

$332 18.7%

Granada

$192 20.9% 42% $139

Eating Out

Montevideo

$269 15.2%

Granada

$93 10.1% 65.3% $176

Monthly Utilities & Internet

Montevideo

$254 14.3%

Granada

$206 22.4% 18.7% $47

Clothing & Footwear

Montevideo

$186 10.5%

Granada

$52 5.7% 72% $134

Getting Around

Montevideo

$84 4.8%

Granada

$13 1.4% 84.7% $71

Sport & Entertainment

Montevideo

$78 4.4%

Granada

$17 * 1.9% 77.6% $60

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

Cost Breakdown

A central one-bedroom costs $719 in Montevideo versus $423 in Granada. 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 $69.0 in Montevideo versus $24.00 in Granada. Monthly groceries follow the same trend: $332 vs $192 – making Granada the more affordable choice for daily food spending.

Good to know

🇺🇾 Montevideo

🇳🇮 Granada

🕒 Local time

00:37 12:37 AM

21:37 9:37 PM

3 h behind Montevideo

🌤 Weather

👥 Population

1,319,108 Capital

128,937

💱 Currency

Uruguayan Peso UYU $U

Nicaraguan Córdoba NIO C$

📈 Exchange rate

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

100 NIO = 2.73 USD

100 NIO = 2.43 EUR

Exchange rates and currency converter

NIO, USD, EUR to UYU – Uruguayan Peso Converter

🇺🇸 United States Dollar ($)

🇺🇾 Uruguayan Peso ($U)

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).

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).

USD to UYU in detail →

On the map

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Between locations

Montevideo Granada 6,080 km ≈ 8 h nonstop flight

From you

Montevideo
Granada

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 Granada: Cost of Living - Frequently Asked Questions

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

For a comfortable life, plan on about $2,656 per month in Montevideo and $1,380 in Granada. 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 $634 per month in Montevideo and $238 in Granada. 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.