Medellin vs Montevideo
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Medellin vs Montevideo
Medellin is 47% more affordable for homebuyers. Medellin has a price-to-income ratio of 7.2x compared to 7.2x in Montevideo.
| Metric | Medellin | Montevideo |
|---|---|---|
| Avg Home Price | $85,000 | $160,000 |
| Price / sqm | $1,500 | $2,500 |
| Rent (1BR) | $400/mo | $550/mo |
| Rent (3BR) | $700/mo | $950/mo |
| Price-to-Income | 7.2x | 7.2x |
| Mortgage Rate | 12.5% | 9.5% |
| 1yr Change | +3.8% | +1.8% |
| Median Income | $12,000/yr | $22,000/yr |
| Population | 2,500,000 | 1,800,000 |
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Medellin or Montevideo more expensive?
Medellin is more affordable. Home prices differ by $75,000 (47%).
Which city has cheaper rent, Medellin or Montevideo?
Rent for a 1BR in Medellin is $400/mo vs $550/mo in Montevideo.
Explore the DataPeek Network