Today, we will focus on the average and minimum salary in Montevideo, the capital and largest city of Uruguay.
Visiting Uruguay or considering even to move the country? Check the latest data for the average and minimum salary in Montevideo, Uruguay.
Montevideo has one of the highest living standards in South America, . It is also a city full of culture and one of the safest in the region.
Minimum Salary in Montevideo
As of January 1, 2019, the president of Uruguay decreed the minimum salary to be 15000 UYU, which equals to approximately 354 USD. This figure applies to every city of Uruguay. Source: El Observador (in Spanish).
It is one of the highest minimum salaries in South America, but lower than its immediate neighbor, Argentina.
If you are planning to move to Montevideo, you can expect a much greater salary than the minimum figure. The difference in cost of living between Montevideo and other cities in the country is very significant.
Average Salary in Montevideo
The average salary in Montevideo as of 2019 is 30,000 UYU or approximately 925 USD. The average salary in Montevideo is currently among the highest among South American countries.
The cost of living in Montevideo is moderately expensive though. Gasoline is the most expensive in South America and cost of living is 16.7% higher in comparison to Santiago de Chile. Even with a relative high cost of living, the country is affordable for most expats and tourists.
Montevideo Economic Outlook
Even if Montevideo is a relatively compact city, it is the economic and political center of Uruguay. Since the nineties, the city maintained a rather stable economic outlook, despite the crisis on its immediate neighbors. The Port of Montevideo is one of the biggest in South America and plays a vital role for the country’s economy.
With an average annual growth rate of 5.2 % between 2006 and 2014, Uruguay’s economy proved to be a great place for investment.
If you are willing to move to South America, Montevideo can be an excellent option, as it offers one of the highest quality of live in he region.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
Jetradar: search for flights and compare prices with Jetradar.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.