The cost of living in Uruguay is a topic that undoubtedly interests those who wish to settle in the country. Although the cost of living is high, Uruguay offers numerous advantages for those interested in developing their professional careers.
With high development rates and a higher minimum and average salary compared to the region, the cost of living in Uruguay is high but controllable. Uruguay has the second highest minimum wage in Latin America, following Costa Rica.
In this article, we present some facts about what it is like to live in Uruguay and some of the associated costs.
Cost of living in Uruguay: what is the minimum wage
The cost of living in Uruguay can be better understood by previously analyzing the minimum wage. According to the records of the Ministry of Labor and Social Security of Uruguay, the minimum wage as of January 1, 2023 is $UY 21,107 per month, which is equivalent to an estimated $550.
It should be noted that these numbers place the Minimum Wage up 9%, a figure above the inflationary expectation, making Uruguay one of the countries with the lowest unemployment rate and the best economic stability.
What is also important about the cost of living in Uruguay is that there is a high demand for labor. The search for talented professionals is constant and they assure that this impacts the collection rates.
Cost of living in Uruguay: inflation and stability
The food parcel in Uruguay has extremely stable prices thanks to the fact that inflation is low. In January 2023, for example, the Consumer Price Index (CPI) stood at 8.05%.
While some more processed foods suffer some increases, others have a decrease in the general line. For example, from 2022 to 2023, flour, fruits and vegetables and oils decreased by 2.07%.
Cost of living in Uruguay: how much does public transportation cost
Public transportation in Uruguay is one of the most expensive in the region. As of January 2023, the Ministry of Transportation of Uruguay reported that the public transportation ticket costs $UYU 42 (approximately $1).
The price of fuel, for its part, is the highest in the region and is among the 20 highest in the world. In January 2023, the numbers are around $1.81 per liter.
Cost of living in Uruguay: what job offers abound
Job offers in Uruguay are above all linked to the field of technology.
Some of the professions that have the most job opportunities in Uruguay are:
- E-commerce
- Development
- Systems analysts
- Customer Support
- Marketing
- Communication
- Public relations
- Information technology professionals
- Web developers
- Accounting analysts
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