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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
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    • Investing in Real Estate
    • Establishing Residency
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    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
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    • Las Terrenas, The DR
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Home Real Estate

Uruguay: Safe, Stable, And Welcoming

With Rentals From $700 A Month

by Sasha Savinov
Mar 28, 2024
in Real Estate, Uruguay
0 0
Palacio Salvo in the center of the city of Montevideo, Uruguay

AdobeStock/Curioso.Photography

Uruguay is a fascinating, beautiful, and welcoming country. Whether you’re a traveler, a digital nomad (such as myself), or a retiree looking to relocate, it’s time to put this South American gem on your move-overseas radar.

There’s a lot to like about this little country…

For one, it’s considered the strongest democracy in the Americas.

The country came in at #11 on the most recent Economist Democracy Index, classified as a “full democracy” with a score of 8.91. Meanwhile, the United States was listed as a “flawed democracy,” coming in at a sad #30 worldwide, just slightly ahead of Botswana.

For those considering escaping the toxic election year environment in the States, a trip to Uruguay may be the breath of fresh air you need.

It’s refreshing to see a government functioning with a diverse array of political parties.

Uruguay also ranks towards the top of the heap in South America for peace, economic freedom, innovation, and income equality.

It also has the lowest poverty rate in Latin America, making for a much more stable situation than many of its neighbors.

The country is known for its strong social safety net and progressive policies.

This includes subsidized health care for the unemployed, low-wage workers, and the elderly, as well as free education at all levels. Abortion is legal in Uruguay, as are same-sex marriage and cannabis.

Whereas political turmoil seems to be the norm with a few of its neighbors (we won’t name names…), things are stable in today’s Uruguay.

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Montevideo is the nation’s capital. Home to about 40% (1.3 million) of the country’s 3.5 million population, this is the beating heart of Uruguay.

For you beach enthusiasts, it’s important to note that Montevideo is on a freshwater river, while nearby Punta del Este is on the ocean. The latter is known as more of a beach destination, and it’s where the well-to-do from Montevideo prefer to head on weekends and holidays

Going to the beach is still a big part of the culture in Montevideo, though. My wife and I thoroughly enjoyed having Playa Pocitos just a 15-minute walk from our apartment. It’s just nice to be able to plop your towel down on the beach in the middle of a capital city and relax for a bit.

As perpetual digital nomads, we typically stick to Airbnb for accommodation as we have built up a ton of good reviews and the weekly and monthly discounts are usually pretty good.

One available monthly rental includes a nice patio in the apartment and a rooftop pool, gym, and movie theater in the building. All that for $1,500 a month. And this is in the capital city, just a few blocks from the Rambla and the beach.

Hit the pavement locally with a decent amount of Spanish (or local help), and you’ll be able to secure a place for $700 to $800 a month.

For someone coming from the States or Canada, you will likely notice that many things here are cheaper and many other things cost more.

While things like electronics are certainly more expensive, you’ll generally pay less for the most important things—housing, transportation, and health care.

For insurance, most who relocate to Uruguay end up enrolling in a plan known as a mutalista.

This costs around $70 a month and allows you to visit a specific hospital and associated clinics. You only need to pay a small copayment each time, and you can also add an emergency response plan for around $30 a month.

For city dwellers in Montevideo who are able to get by without a car, your transportation costs can be very minimal. It only costs about $1.50 to take the bus anywhere in the city. The occasional cab won’t break the bank, either, at $5 to $10.

If you shop at local markets and hit the ferias (street markets), you can load up on fresh food for very little. We typically spent $20 to $30 a few times a week restocking the kitchen with essentials like fresh produce, eggs, and coffee.

Going out for something simple, like a chivito with fries and a beer, costs $10 or less. You can always find street food like arepas for a couple bucks. Even ones that are stuffed to the brim with beef and cheese only cost $3.

For more upscale dining, with a bottle of wine, figure on about $60 for two.

When it comes to entertainment options, a museum ticket will cost around $4, a movie ticket around $9, a theater ticket around $12, and a ticket to a soccer match around $15.

Best of all, it’s free to just walk the Rambla, do some people-watching, and plop on the beach for a bit. OK, it costs a few bucks if you decide to grab a cold drink or snack from one of the many vendors, but that’s still a cheap evening of fun!

For those seeking a country with a stable government, a strong social safety net, and a long coastline, Uruguay is one to check out.

Sincerely,

Sasha Savinov

Contributor, Overseas Opportunity Letter

Tags: 'Real Estate In Uruguay'International Property Summit
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Sasha Savinov

Sasha Savinov

Sasha Savinov is an English teacher, language student, blogger, and video producer from Michigan. He studied video production at Michigan State University (Go Green!) and moved abroad right after graduating, since living in China, Indonesia, and Mexico and currently trying the digital nomad lifestyle with his wife across South America. Together they run Grateful Gypsies, a blog focused on teaching ESL, long-term travel, being a digital nomad, and live music. When Sasha’s not working online and planning grand adventures, you can find him following his favorite band, Phish.

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Top Countries

  • Spain
  • Portugal
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  • Belize
  • Colombia
  • Cyprus
  • Mexico
  • France
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Best For:

  • Health Care Abroad
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BROWSE ALL COUNTRIES

Budgets

How Much Will It Cost
To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

Resources

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