Montevideo vs Madrid

Cost of living comparison for 2026. Montevideo is roughly 18% more affordable than Madrid (index 31 vs 38, New York = 100). Data sourced live via AI — updated regularly.

Montevideo
More affordable overall
18% cheaper than Madrid · Cost index: 31 vs 38

Life Power at $3,000/mo

The same salary ranks differently depending on where you live — from Beggar to King.

Head-to-Head Stats

31Cost Index38
1,100Median Income /mo2,200
44Safety Index71
20Income Tax %22
75Internet (Mbps)271
280Coworking /mo200

Price Breakdown

MontevideoCategoryMadrid
$800/month
1-BR Apartment (Center)
33% cheaper →
$1,200/month
$1.15/liter
Meal for One
4% ← cheaper
$1.1/liter
$18/meal
Restaurant (Mid-range)
33% ← cheaper
$12/meal
$52/month
Monthly Transit Pass
8% ← cheaper
$48/month
$165/month
Utilities (Monthly)
15% ← cheaper
$140/month
$95/visit
Doctor Visit
37% ← cheaper
$60/visit

Digital Nomad Profile

Montevideo

Internet75 Mbps
Coworking$280/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability72/100

Madrid

Internet271 Mbps
Coworking$200/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability75/100

Frequently Asked Questions

Is Montevideo cheaper than Madrid?

Montevideo is cheaper than Madrid. Montevideo has a cost of living index of 31/100 compared to 38/100 for Madrid (New York = 100), making it roughly 18% more affordable overall.

How much cheaper is Montevideo than Madrid?

Montevideo is approximately 18% cheaper than Madrid based on cost index scores (31 vs 38, where New York = 100). A person spending $3,000/month in Madrid could live a similar lifestyle for roughly $2,471/month in Montevideo.

What is the rent comparison between Montevideo and Madrid?

In Montevideo, a 1-bedroom apartment in the city center costs approximately $800/month. In Madrid, the equivalent is around $1,200/month.

Which city is better for digital nomads — Montevideo or Madrid?

Both cities have nomad infrastructure. Montevideo offers 75 Mbps internet and coworking at ~$280/month. Madrid offers 271 Mbps and coworking at ~$200/month. Montevideo has a cost advantage of 18%.

What is the average income in Montevideo vs Madrid?

The median net monthly salary in Montevideo is approximately $1,100 USD, compared to $2,200 USD in Madrid.

Compare Montevideo with…

Popular head-to-heads — see exactly where Montevideo wins or loses.

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