Montevideo, MN
Population 5,303 · Minnesota
About Montevideo, MN
Montevideo is a small community in Minnesota with a population of 5,303 residents. The median household income is $65,724 per year, which is near the national average. The median age in Montevideo is 42 years.
Housing in Montevideo has a median home value of $137,600 and median monthly rent of $832. Of the 2,478 total housing units, the majority are owner-occupied, with 1,448 owner-occupied and 843 renter-occupied units.
The unemployment rate in Montevideo is 2.4% and the poverty rate is 19.3%. 19.7% of residents hold a bachelor's degree or higher. The average commute time is 18.3 minutes.
Cost of Living in Montevideo, MN
Compared to national averages, Montevideo has a median household income of $65,724 (13% below the national median of $75,149). Home values average $137,600, which is 44% below the national median. Monthly rent at $832 is 28% below the US average of $1,163. Within Minnesota, Montevideo's income is 11% below the state average of $74,221, and home values are 33% below the state median of $204,472.
Why Live in Montevideo, MN?
Montevideo offers affordable housing with a median home value of $137,600, below the US average of $244,900, and rent that’s lower than the national average at $832/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features short commute times averaging just 18.3 minutes.
Potential considerations include median household income ($65,724) that falls below the national average. However, Montevideo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montevideo has a population of 5,303 with a median age of 42 years. Compare Montevideo with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Montevideo
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| La Crescent | 5,266 | $82,109 | $244,500 | Compare |
| North Oaks | 5,175 | $235,858 | $756,300 | Compare |
| Falcon Heights | 5,145 | $93,233 | $366,800 | Compare |
| St. Paul Park | 5,464 | $98,670 | $252,800 | Compare |
| Morris | 5,092 | $63,807 | $185,200 | Compare |
| Credit River | 5,531 | $149,524 | $577,600 | Compare |
| Redwood Falls | 5,075 | $61,947 | $162,000 | Compare |
| Lake City | 5,021 | $76,125 | $234,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Montevideo
What is the population of Montevideo, MN?
The population of Montevideo, MN is 5,303 according to the latest Census data.
What is the median household income in Montevideo?
The median household income in Montevideo, MN is $65,724 per year.
What is the median home value in Montevideo?
The median home value in Montevideo, MN is $137,600.
What is the average rent in Montevideo?
The median monthly rent in Montevideo, MN is $832.
What is the unemployment rate in Montevideo?
The unemployment rate in Montevideo, MN is 2.4%.