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LOCAL GUIDE

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All About

Living In Montevideo, MN

The small town of Montevideo, Minnesota is home to slightly more than 5,000 people. Retirees make up a greater percentage of the population (20%) here than nationally (14%), while young professionals figure less prominently in the demographics. Renters tend to be in the minority in the area, and 64% of residents own their homes. With a relatively low average rent of $662/month in the town, renting remains an affordable option, particularly compared to other cities in Minnesota. Over the course of a year, renters in Montevideo will save around $3,900 compared to the state average.

With an average commute time of about 14 minutes, quicker than most cities in Minnesota, Montevideo residents find that traveling to work isn't overly time-consuming. Driving a vehicle is the prevailing mode of getting to work, selected by 48% of workers, while public transit isn't extensively used. Relatively few workers (2%) commute on foot, though the number is higher than the national average.

Montevideo has a high percentage of residents older than 25 who have an Associate's degree (8%) compared to the national average (5%). Additionally, 11% possess a Bachelor's degree and 4% have earned a Master's or Doctoral degree. Many Montevideo residents work in one of four industries: manufacturing, healthcare, retail, and entertainment. Together, these industries account for 35% of the town's workforce. Meanwhile, in terms of job function, 8% of the town's population works in transportation, which ranks as the top field in the town. With an average annual income of almost $66K, Montevideo workers bring in about $15,000 less than their peers elsewhere in Minnesota. The town's average income also falls below the national average ($73,345).


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