Montevideo, MN

Full City Profile · Minnesota · Yellow Medicine County County

3.8 /5.0
B+ Good
5,303 Population 1,126/sq mi density
$65,724 Median Income $30,769 per capita
$137,600 Home Value $212,393 Zillow
$832 Median Rent 34.8% income on rent
44°F Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,724 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$137,600 home value, $832/mo rent
C+
Education
2.6 / 5.0
19.7% bachelor's degree or higher

Montevideo, MN

At a Glance

Median Income
$65,724
13% below
$30,769 per capita
Home Value
$137,600
51% below
Zillow: $212,393
Median Rent
$832/mo
28% below
34.8% of income on rent
Bachelor's Degree+
19.7%
42% below
88.4% high school+
Unemployment
2.4%
33% below
13.4% poverty rate
Obesity Rate
41.1%
28% above
17.0% smoking rate
Avg Temperature
44°F

How Montevideo Compares to the U.S. Average

Each bar shows Montevideo's value as a percentage of the national average (100% = U.S. avg)

Income
87%
Home Value
49%
Rent
72%
Poverty
108%
Bachelor's
58%
Unemployment
67%
Thin vertical line = U.S. national average (100%)

Is Montevideo a Good Place to Live?

B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Montevideo residents earn a median household income of $65,724 , which is 13% below the national average of $75,149. Per capita income is $30,769. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 13.4% of residents live below the poverty line. The area is home to 388 business establishments, including 24 restaurants.

Housing & Cost of Living

The median home value in Montevideo is $137,600 , 51% below the national median of $281,900. Zillow estimates the typical home at $212,393. Median rent is $832/month, with 34.8% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1958.

Education

19.7% of adults in Montevideo hold a bachelor's degree or higher (42% below the national average). 88.4% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

Montevideo has an average annual temperature of 44°F (6°C). Winters average 12°F in January while summers reach 71°F in July. Annual precipitation totals 29.4 inches.

Data Overview

People

Population5,303
Median Age42.0 yrs
Density1,126/mi²
Male / Female50% / 51%
Foreign Born8.2%
Veterans10.7%

Economy

B+
Median Income$65,724
Per Capita$30,769
Unemployment2.4%
Poverty13.4%
County GDP$784M
Avg Weekly Wage$954

Housing

A+
Home Value$137,600
Rent$832
Ownership63.2%
Zillow$212,393
Housing Units2,463
Rent Burden34.8%

Health

Obesity41.1%
Diabetes10.2%
Smoking17.0%
Heart Disease5.8%
Premature Death8,670/100K

Climate

Avg Temp44°F
Rain29.4 in/yr
Elevation1,015 ft

Education

C+
Bachelor's+19.7%
High School+88.4%
Graduate+7.1%
School Score5.6/10

Community

2024 VoteR 69% / D 29%
Commute18 min
Broadband81.5%
Internet Speed46 Mbps
EV Stations1
Libraries3

Did You Know?

The median home in Montevideo was built in 1958.
The nearest airport is Southwest Minnesota Regional Marshall/Ryan Field (35 miles).
The Gini coefficient (income inequality) is 0.422 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
15.2% of the population has a disability.
The county recorded 3 fatal vehicle crashes.