Last update: Oct 2026

Cost of Living Comparison Between Red Bank, NJ and Montevideo

For one person, living is cheaper in Montevideo: $1,784 a month against $2,519 in Red Bank, NJ, rent and utilities included – about $8,800 less a year. Rent and utilities account for most of the difference.

121

Cost of Living Index in Red Bank, NJ
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Red Bank, NJ Living Index
86

Cost of Living Index in Montevideo
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Montevideo Living Index

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Red Bank, NJ

🇺🇸 United States

$2,519

/mo nomad

Montevideo

🇺🇾 Uruguay

$1,784

/mo nomad

Monthly Cost of Living

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

A single person spends $2,519 per month in Red Bank, NJ vs $1,784 in Montevideo, rent included.

Red Bank, NJ $2,519
Montevideo $1,784

A couple spends around $3,573 per month in Red Bank, NJ vs $2,756 in Montevideo, rent included.

Red Bank, NJ $3,573
Montevideo $2,756

A family of three spends $4,626 per month in Red Bank, NJ vs $3,728 in Montevideo, rent included.

Red Bank, NJ $4,626
Montevideo $3,728

Red Bank, NJ costs about 41% more than Montevideo, and outside of rent the biggest gap is in groceries.

Both Red Bank, NJ and Montevideo sit above the global median – Red Bank, NJ by 86%, Montevideo by 32%.

Meal at Budget Restaurant

$19.99 $19.99

$14.82 UYU 595

34.89%

Three-Course Dinner for Two, Mid-Range

$75.8 $75.8

$69.7 UYU 2,797

8.77%

Fast Food Meal (McDonalds, etc)

$9.71 $9.71

$14.68 UYU 589

-33.86%

Cappuccino

$5.08 $5.08

$4.65 UYU 186

9.25%

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

$2.35 $2.35

$2.74 UYU 110

-14.23%

Water (0.33 liter bottle)

$2.15 $2.15

$2.07 UYU 82.9

3.86%

Local Beer (0.5 liter draught)

$3.95 $3.95

$4.79 UYU 192

-17.54%

Imported Beer (0.33 liter bottle)

$5.07 $5.07

$3.63 UYU 146

39.67%

Milk (1 liter)

$1.05 $1.05

$1.39 UYU 55.8

-24.46%

White Bread (500g)

$4.71 $4.71

$2.89 UYU 116

62.98%

Rice (white) (1kg)

$4.31 $4.31

$1.70 UYU 68.1

153.53%

Eggs

$6.31 $6.31

$4.62 UYU 185

36.58%

Local Cheese (1kg)

$10.64 $10.64

$14.22 UYU 571

-25.18%

Chicken Fillets (1kg)

$10.70 $10.70

$11.62 UYU 466

-7.92%

Beef Round Steak (1kg)

$19.11 $19.11

$12.23 UYU 491

56.26%

Apples (1kg)

$5.53 $5.53

$2.77 UYU 111

99.64%

Banana (1kg)

$1.63 $1.63

$2.85 UYU 114

-42.81%

Oranges (1kg)

$3.29 $3.29

$1.81 UYU 72.5

81.77%

Tomato (1kg)

$3.04 $3.04

$3.20 UYU 129

-5.00%

Potato (1kg)

$2.17 $2.17

$1.94 UYU 77.8

11.86%

Onion (1kg)

$2.50 $2.50

$2.16 UYU 86.5

15.74%

Lettuce (1 head)

$2.62 $2.62

$1.43 UYU 57.3

83.22%

Water (1.5 liter bottle)

$2.93 $2.93

$1.94 UYU 77.9

51.03%

Cigarettes 20 Pack (Marlboro, Camel)

$13.38 $13.38

$5.47 UYU 219

144.61%

Wine (Bottle)

$16.93 $16.93

$8.95 UYU 359

89.16%

Local Beer (0.5 liter bottle)

$1.90 $1.90

$2.26 UYU 90.8

-15.93%

Imported Beer (0.33 liter bottle)

$2.82 $2.82

$2.81 UYU 113

0.36%

One-way Ticket (Public Transport)

$2.29 $2.29

$1.56 UYU 62.6

46.79%

Public Transport Monthly Pass (Regular Price)

$73.8 UYU 2,962

Taxi Start (Normal Tariff)

$5.93 $5.93

$1.90 UYU 76.2

212.11%

Taxi (Normal Tariff) (1km)

$1.83 $1.83

$0.43 UYU 17.36

325.58%

Taxi 1hour Waiting (Normal Tariff)

$31.20 $31.20

$10.59 UYU 425

194.62%

Gasoline (1 liter)

$1.08 $1.08

$2.12 UYU 85.2

-49.06%

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

$27.7K $27.7K

$26.8K UYU 1.1M

3.31%

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

$26.4K $26.4K

$37.0K UYU 1.5M

-28.70%

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

$182 $182

$193 UYU 7,727

-5.53%

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

$37.27 $37.27

$20.91 UYU 839

78.24%

Internet (50+ Mbps, Unlimited Data)

$57.9 $57.9

$44.89 UYU 1,802

29.07%

Gym Membership (Monthly)

$41.65 $41.65

$50.8 UYU 2,038

-17.96%

Tennis Court (1 Hour on Weekend)

$19.73 UYU 792

Cinema Ticket

$12.28 $12.28

$12.30 UYU 494

-0.16%

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

$2,160 $2,160

$629 UYU 25.2K

243.53%

International Primary School, 1 Child (Yearly)

$22.4K $22.4K

$10.9K UYU 437.3K

105.77%

Jeans (Levis 501 Or Similar)

$38.79 $38.79

$104 UYU 4,166

-62.63%

Summer Dress (H&M, Zara, etc)

$16.61 $16.61

$57.4 UYU 2,305

-71.08%

Sport Shoes (Adidas, Nike)

$101 $101

$125 UYU 5,010

-19.11%

Men's Leather Business Shoes

$119 $119

$132 UYU 5,315

-10.47%

1-bedroom Apartment, City Center (Monthly)

$1,569 $1,569

$713 UYU 28.6K

119.97%

1-bedroom Apartment, Outside City Center (Monthly)

$1,315 $1,315

$575 UYU 23.1K

128.59%

3-bedroom Apartment, City Center (Monthly)

$2,567 $2,567

$1,164 UYU 46.7K

120.54%

3-bedroom Apartment, Outside City Center (Monthly)

$1,915 $1,915

$1,033 UYU 41.5K

85.34%

Buy Apartment in City Center (m2)

$2,666 $2,666

$3,418 UYU 137.2K

-22.00%

Buy Apartment Outside City Center (m2)

$2,318 $2,318

$1,760 UYU 70.6K

31.69%

Average Monthly Net Salary (After Tax)

$4,542 $4,542

$1,244 UYU 49.9K

265.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.5

5.74

13.24%

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

Last update for Red Bank, NJ: October 19, 2026

Last update for Montevideo: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Red Bank, NJ

$1.3K 52.2%

Montevideo

$575 32.2% 56.3% $740

Groceries & Markets

Red Bank, NJ

$415 16.5%

Montevideo

$334 18.7% 19.6% $81

Eating Out

Red Bank, NJ

$298 11.8%

Montevideo

$269 15.1% 9.8% $29

Monthly Utilities & Internet

Red Bank, NJ

$277 11%

Montevideo

$258 14.5% 6.8% $19

Clothing & Footwear

Red Bank, NJ

$124 4.9%

Montevideo

$188 10.6% 52.2% $65

Sport & Entertainment

Red Bank, NJ

$66 2.6%

Montevideo

$75 4.2% 13.9% $9.2

Getting Around

Red Bank, NJ

$24 * 1%

Montevideo

$84 4.7% 247% $60

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

Cost Breakdown

A central one-bedroom costs $1,569 in Red Bank, NJ versus $713 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 265% higher in Red Bank, NJ, 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 $76.0 in Red Bank, NJ versus $70.0 in Montevideo. Monthly groceries follow the same trend: $415 vs $334 – making Montevideo the more affordable choice for daily food spending.

Good to know

🇺🇸 Red Bank, NJ

🇺🇾 Montevideo

🕒 Local time

04:05 4:05 AM

05:05 5:05 AM

1 h ahead of Red Bank, NJ

🌤 Weather

👥 Population

11,850

1,319,108 Capital

💱 Currency

United States Dollar USD $

Uruguayan Peso UYU $U

📈 Exchange rate

1 USD = 0.89 EUR

100 UYU = 2.49 USD

100 UYU = 2.22 EUR

Exchange rates and currency converter

UYU, EUR to USD – United States Dollar Converter

🇺🇾 Uruguayan Peso ($U)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 22, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Uruguayan Peso exchange rates as of October 22, 2026: 1 USD = 40.14 UYU (100 UYU = 2.49 USD). 1 EUR = 45.12 UYU (100 UYU = 2.22 EUR).

UYU to USD in detail →

On the map

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Between locations

Red Bank, NJ Montevideo 8,570 km ≈ 11 h nonstop flight

From you

Red Bank, NJ
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

Red Bank, NJ vs Montevideo: Cost of Living - Frequently Asked Questions

Yes – Red Bank, NJ is pricier by about 41%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,779 per month in Red Bank, NJ and $2,676 in Montevideo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Montevideo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $76.0 in Red Bank, NJ and $70.0 in Montevideo. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 24% more in Red Bank, NJ, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,500 monthly budget goes further in Montevideo, where all-in costs run around $1,784, than in Red Bank, NJ at $2,519. In Montevideo it covers expenses comfortably, while in Red Bank, NJ it requires careful planning or may not stretch far enough.

Families tend to lean toward Montevideo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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