Uruguay, country located on the southeastern coast of South America. The second smallest country on the continent, Uruguay has long been overshadowed politically and economically by the adjacent republics of Brazil and Argentina, with both of which it has many cultural and historical similarities.
Is Uruguay a very poor country?
With a population of more than 3.4 million and about 60% of them comprising the middle class, Uruguay stands as one of the most economically stable countries in the region. In fact, Uruguay has the lowest poverty rate in South America and is ranked high on such well-being indices as the Human Development Index.
How expensive is it to live in Uruguay?
Family of four estimated monthly costs are 2,385$ (101,779$U) without rent. A single person estimated monthly costs are 673$ (28,703$U) without rent. Cost of living in Uruguay is, on average, 25.04% lower than in United States. Rent in Uruguay is, on average, 66.18% lower than in United States.