Montevideo is located in southwest Minnesota. Montevideo is between the Chippewa, Lac Qui Parle, Yellow Medicine county. Montevideo has 4.77 square miles of land area and 0.09 square miles of water area. As of 2010-2014, the total Montevideo population is 5,283, which has shrunk 1.18% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Montevideo median household income is $44,503 in 2010-2014 and has grown by 37.16% since 2000. The income growth rate is higher than the state average rate of 29.12% and is higher than the national average rate of 27.36%. Montevideo median house value is $87,500 in 2010-2014 and has grown by 40.00% since 2000. The house value growth rate is lower than the state average rate of 51.31% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Montevideo is close to the state average in quality. The Montevideo area code is 320.