Montevideo, a city located in the state of Minnesota (MN), is home to a population of approximately 5,350 people. Montevideo boasts a median age of 42, with around 27.7% of its residents aged 60 or above. 11.6% of the population identifies as US Veterans. 19.1% of Montevideo residents are disabled. The city has an average household income of $49,435, while the unemployment rate stands at 4.2%, and around 15.9% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Montevideo is $122,317, with a monthly rent averaging $762.