Living in Uruguay can be an exciting and rewarding experience, but you should consider all the transaction costs before taking the plunge. In this article, we take a look at the cost of living in Uruguay and what you should expect in terms of your budget. We’ll go over the costs of basic things like food, housing, utilities, transportation, and more. With this information, you will be able to make an informed decision about whether Uruguay is the right place for you to live and succeed.
What is the cost of living in Uruguay?
Before 2008, Uruguay was amongst very affordable countries in Latin America. But that is no longer the case today. So if you are looking for the lowest cost of living, Uruguay is probably not for you. However, if you are more concerned about value for money, Uruguay might still be the right country for you. This is because the small country offers a wide range of lifestyle options, and it’s no secret that this makes Uruguay an excellent option for buying a property.
Numbeo reports that the estimated monthly cost for a family of four in Uruguay is about US$2,860 ($112,600U), not including rent. The estimated cost for a single person is US$800 ($31,400U), also excluding rent.
Uruguay is an attractive option for foreigners due to its lower cost of living, estimated to be 17% lower than in the United States. In addition, rents in Uruguay are 66% lower than in the United States, making the country attractive to potential immigrants and real estate investors. In Punta del Este the costs are a bit higher.
What about the lifestyle in Uruguay?
Uruguay offers one of the best lifestyles in the Americas for everyone: a stable economy, good and safe banking system, modern infrastructure, mild climate, no earthquakes and natural disasters, no water problems, affordable health care, beautiful beaches, low taxes and little crime.
If you want to enjoy sports in Uruguay, you have a wide range of options: Golf, tennis, soccer in the stadiums or a leisurely stroll along the picturesque coastal promenades and surfing.
If you are in the mood for some spectacular nightlife, Uruguay is the perfect destination for a night out. Stroll through the lively streets of one of the cities and sway to the rhythm of the tango, quench your thirst with live club music, marvel at a ballet performance, and enjoy delicious dishes at top-notch restaurants and pubs.
Traverse Uruguay’s enchanting landscapes and experience wonders! Enjoy sunny beach resorts in summer, relax in tranquil hot springs in winter, and indulge in exquisite wineries year-round.
Uruguay may not be the most budget-friendly country in Latin America, but it does have some cost-saving advantages. Thanks to the convenient bus system and the many cabs, you can explore the country effortlessly, so you do not have to spend money on your own car. Plus, access to affordable healthcare is a big plus for anyone coming from the US and Europe!
Team Haverkate is your gateway to unlock the secrets of life in Uruguay! Discover the perfect city for you, find the properties that fit your style, and explore every feature of these amazing properties. Immerse yourself in life like never before – discover Uruguay with us today!
