The Cost of Living in Uruguay | An Expert Guide

Uruguay, known for its political stability and high quality of life in South America, offers a unique blend of European influence and Latin American culture. With a population of approximately 3.5 million people, Uruguay combines modern amenities with a relaxed lifestyle, particularly attractive to retirees and digital nomads.

Uruguay's economy is based on services, agriculture, and technology sectors, with a growing emphasis on renewable energy. The country has positioned itself as an attractive destination for expatriates due to its stable economy, strong banking system, and relatively straightforward residency process.

The expatriate community in Uruguay is concentrated primarily in Montevideo and coastal areas like Punta del Este and Maldonado. Many are drawn by the combination of political stability, good healthcare, and high quality of life, though costs can be higher than in neighboring countries.

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Regional Comparison

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Housing Costs in Uruguay

Housing costs in Uruguay vary significantly between Montevideo, coastal areas, and inland cities. In Montevideo's upscale neighborhoods like Pocitos or Carrasco, a one-bedroom apartment typically rents for 25,000-35,000 UYU monthly, while similar accommodations in middle-class areas range from 18,000-25,000 UYU. Punta del Este prices can be significantly higher, especially during summer months.

Summary:

• Rent, 1-bedroom apartment (Montevideo upscale): 25,000-35,000 UYU/month
• Rent, 1-bedroom apartment (Montevideo middle-class): 18,000-25,000 UYU/month
• Rent, 1-bedroom apartment (other cities): 15,000-20,000 UYU/month

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Food Costs in Uruguay

Food expenses in Uruguay reflect the country's focus on quality produce and meat. A meal at a casual restaurant costs 400-600 UYU, while dinner at an upscale restaurant might run 1,000-1,500 UYU per person. Monthly grocery shopping at supermarkets like Disco or Tienda Inglesa typically costs 12,000-15,000 UYU for one person, though local markets offer better value.

Summary:

• Casual restaurant meal: 400-600 UYU
• Upscale dinner: 1,000-1,500 UYU
• Monthly groceries (1 person): 12,000-15,000 UYU

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Transportation Costs in Uruguay

Transportation in Uruguayan cities primarily relies on buses and taxis. In Montevideo, a monthly bus pass costs around 1,400 UYU, while individual journeys cost 38-45 UYU. Taxis and ride-sharing services are readily available, with a 5km journey typically costing 200-300 UYU. Many expatriates choose to own vehicles, though purchase costs are high due to import duties.

Summary:

• Monthly bus pass: 1,400 UYU
• Single bus journey: 38-45 UYU
• Taxi (5km journey): 200-300 UYU

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Healthcare Costs in Uruguay

Healthcare in Uruguay operates through both public and private systems. Private health insurance through a mutualista typically costs 4,000-6,000 UYU monthly per person, providing comprehensive coverage. A consultation at a private clinic costs 800-1,200 UYU, while specialist visits range from 1,200-2,000 UYU. Many expatriates choose private healthcare for its quality and English-speaking staff.

Summary:

• Private health insurance: 4,000-6,000 UYU/month
• Doctor's consultation: 800-1,200 UYU
• Specialist visit: 1,200-2,000 UYU

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Utility Costs in Uruguay

Utility costs in Uruguay can be substantial. Monthly utilities including electricity, water, and gas typically range from 4,000-7,000 UYU for an apartment. Internet service costs 1,500-2,500 UYU monthly for reliable connections. Mobile phone plans with data typically range from 800-1,500 UYU monthly.

Summary:

• Basic utilities: 4,000-7,000 UYU/month
• Internet: 1,500-2,500 UYU/month
• Mobile phone plan: 800-1,500 UYU/month

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Example Monthly Expenses in Uruguay

Average monthly expenses for a single person living in Montevideo:

• Rent (1-bedroom, good area): 30,000 UYU
• Utilities: 5,500 UYU
• Food: 13,000 UYU
• Transportation: 1,400 UYU
• Healthcare (insurance): 5,000 UYU
• Internet/Phone: 3,000 UYU
• Entertainment: 8,000 UYU
• Total: 65,900 UYU

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Cost of Living vs Quality of Life Correlation

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If you want to know more about Uruguay and the cost of living there you can also check out the Uruguay page.