Moderate costs (CPI: 53.6). Groceries (53.7) and restaurants (57.6) are moderately priced, and rent (14.1) is significantly lower compared to NYC.

Property prices average 12.6 years of household income, indicating an expensive market. The Rent Index is 14.1, suggesting a more affordable rental market.

A purchasing power index of 62.3 indicates below-average buying power compared to NYC. The average gross monthly salary is approximately UYU 55,000-60,000 (USD 1,350-1,470) as of early 2026.

Uruguay operates a territorial tax system, generally exempting foreign-sourced income, though foreign dividends and interest are taxed at 12% (new residents can opt for an 11-year tax holiday or a permanent 7% rate on these). Personal income tax for residents is progressive up to 36%. The standard VAT rate is 22%, with a reduced rate of 10% for essential goods and services. Property taxes range from 0.15% to 1.2% of cadastral/market value, plus a wealth tax for significant assets.

Uruguay's startup ecosystem is ranked #61 globally and 5th in South America (2025), characterized by a stable economy, favorable regulations, and an educated workforce. Government initiatives support innovation, though access to later-stage funding remains a challenge.

Uruguay offers universal healthcare through the public ASSE system, complemented by popular and affordable private 'mutualista' plans. The pension system is a three-pillar structure, and immigrants have equal rights. Unemployment benefits cover private sector workers, providing 50% of average wages for up to 6-12 months.

Deposits are protected up to US$100,000 per depositor by the deposit insurance scheme (FGD/COPAB), established following the 2002 banking crisis. The banking sector is stable, well-capitalized, and highly liquid, with low non-performing loans (2% in 2024) and strong central bank oversight.