Montevideo, Uruguay
-30% vs Montevideo avgCerro is one of the most affordable neighborhoods in Montevideo, with a cost of living index of 22.8 — that is -30% compared to the Montevideo average. Ranked #18 of 18, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $U 14,706/month, compared to a range of $U 14,706 in Cerro to $U 27,312 in Carrasco.
For a typical resident of Cerro, housing takes up roughly 19% 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 588,253 before tax.
Salaries in Cerro reflect the local cost of living. Based on the neighborhood COLI of 22.8:
After tax and deductions of 21.9% in Uruguay, take-home pay for someone earning $U 588,253 would be roughly $U 459,426/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a $U 718,509 salary in Cerro, Montevideo (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Cerro would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $17,100 |
| London | GBP | £14,716 |
| Dubai | AED | AED 85,565 |
| 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% |
See exactly what you need to earn in Cerro, Montevideo to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Cerro:
Cerro is one of the more affordable neighborhoods in Montevideo. It costs about -30% less than the city average, ranking #18 out of 18 neighborhoods.
The cost of living in Cerro is well below the Montevideo average. With a multiplier of 0.70x, everyday expenses including rent, food, and transportation are -30% compared to the city baseline.