Montevideo vs Reykjavik
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Montevideo vs Reykjavik
Montevideo is 64% more affordable for homebuyers. Montevideo has a price-to-income ratio of 7.2x compared to 7.8x in Reykjavik.
| Metric | Montevideo | Reykjavik |
|---|---|---|
| Avg Home Price | $160,000 | $450,000 |
| Price / sqm | $2,500 | $6,500 |
| Rent (1BR) | $550/mo | $1,500/mo |
| Rent (3BR) | $950/mo | $2,500/mo |
| Price-to-Income | 7.2x | 7.8x |
| Mortgage Rate | 9.5% | 7.5% |
| 1yr Change | +1.8% | +2.8% |
| Median Income | $22,000/yr | $58,000/yr |
| Population | 1,800,000 | 130,000 |
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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 Montevideo or Reykjavik more expensive?
Montevideo is more affordable. Home prices differ by $290,000 (64%).
Which city has cheaper rent, Montevideo or Reykjavik?
Rent for a 1BR in Montevideo is $550/mo vs $1,500/mo in Reykjavik.
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