Is Buceo Expensive?

Montevideo, Uruguay

+2% vs Montevideo avg

Living in Buceo, Montevideo

Buceo is a moderately-priced area within Montevideo, with a cost of living index of 33.1 — that is +2% compared to the Montevideo average. It sits around the middle of the pack at #7 out of 18 neighborhoods. Estimated rent for a one-bedroom apartment here is around $U 21,429/month, compared to a range of $U 14,706 in Cerro to $U 27,312 in Carrasco.

Monthly Budget Breakdown

For a typical resident of Buceo, housing takes up roughly 28% of monthly expenses. Food and groceries account for about 20%, while transportation costs around 11%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $U 857,169 before tax.

Typical Salaries in Buceo

Salaries in Buceo reflect the local cost of living. Based on the neighborhood COLI of 33.1:

After tax and deductions of 25.7% in Uruguay, take-home pay for someone earning $U 857,169 would be roughly $U 636,876/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

33.1
COLI Index
1.02x
vs City Avg
$U 21,429
Est. 1BR Rent
#7
of 18 Areas
25.7%
Total Deductions

Tax & Deductions in Buceo

Estimated annual deductions on a $U 1,043,099 salary in Buceo, Montevideo (local employee).

Income Tax
8%
BPS Contributions
18.1%
Total Deductions: 25.7%
Est. Take-Home: $U 774,835/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Buceo would need to be elsewhere:

City Currency Equivalent
New York USD $24,825
London GBP £21,364
Dubai AED AED 124,219

Other Neighborhoods in Montevideo

Neighborhood COLI Multiplier vs Avg
Carrasco 42.2 1.30x +30%
Punta Carretas 40.6 1.25x +25%
Pocitos 39.6 1.22x +22%
Punta Gorda 36.4 1.12x +12%
Ciudad Vieja 35.1 1.08x +8%

View all 18 neighborhoods in Montevideo →

Convert Your Salary

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Buceo:

Cedofeita, Porto São Bento, Porto Coyoacán, Mexico City Psyrri, Athens Thisio, Athens Prague 7 (Holešovice), Prague

Frequently Asked Questions

Is Buceo expensive in Montevideo?

Buceo is near the city average for Montevideo. Costs are about +2% vs the average, making it a mid-range neighborhood.

How does Buceo compare to the Montevideo average?

The cost of living in Buceo is near the Montevideo average. With a multiplier of 1.02x, everyday expenses including rent, food, and transportation are +2% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.