Cost of Living in Montreal, Canada

Montreal is often celebrated as the cultural capital of Canada, offering a unique fusion of North American efficiency and European flair. For residents and expats, Montreal presents a compelling value proposition: it remains significantly more affordable than Toronto or Vancouver, particularly in the housing market. Known for its world-class festivals, bilingual environment, and legendary culinary scene, the city provides a high standard of living. While income taxes in Quebec are among the highest in North America, they are offset by subsidized childcare, lower tuition fees, and a robust public transit system, making it an attractive destination for students and families alike.

Rent & Housing Prices in Montreal

3bed center3,250 CAD ($2,395 USD)
1bed center1,850 CAD ($1,365 USD)
1bed outside1,450 CAD ($1,070 USD)
3bed outside2,350 CAD ($1,735 USD)

Food & Dining Expenses

Meal, Inexpensive Restaurant25.00 CAD ($18.45 USD)
Three-course Meal for 2, Mid-range100.00 CAD ($73.80 USD)
McMeal at McDonalds14.50 CAD ($10.70 USD)
Domestic Beer (0.5L draught)8.00 CAD ($5.90 USD)
Cappuccino (Regular)5.25 CAD ($3.85 USD)
Milk (1 Liter)2.85 CAD ($2.10 USD)

Transportation & Commuting

gas per liter1.72 CAD ($1.27 USD)
taxi start4.10 CAD ($3.00 USD)
monthly pass97.00 CAD ($71.60 USD)
one way ticket3.75 CAD ($2.75 USD)

Salary & Financing

mortgage rate6.25%
avg salary4,150 CAD ($3,060 USD)

Quality of Life in Montreal

Montreal consistently ranks high for quality of life, boasting a safe urban environment with a low crime rate. The city is highly walkable and bike-friendly, featuring the extensive 'Route Verte' network. Healthcare is provided through the public RAMQ system; while universal, wait times for elective procedures can be long. Pollution levels are generally low, though the city faces significant 'orange cone' construction challenges during the summer and extreme cold during the winter months.

3 Days in Montreal: A Budget-Friendly Itinerary

Day 1

Morning: Walk through Old Montreal (Vieux-Montréal) and visit the Notre-Dame Basilica. Afternoon: Explore the Lachine Canal and Atwater Market for a picnic lunch. Evening: Free street performances at Place des Festivals (seasonal). Budget: $45 CAD.

Day 2

Morning: Hike up Mount Royal Park for the iconic skyline view. Afternoon: Wander the mural-filled streets of the Plateau and grab a world-famous St-Viateur or Fairmount bagel. Evening: Budget-friendly poutine dinner at La Banquise. Budget: $35 CAD.

Day 3

Morning: Visit the Jean-Talon Market in Little Italy. Afternoon: Explore the Underground City (RÉSO) and the Montreal Museum of Fine Arts (free for certain collections/ages). Evening: Jazz bar in the Latin Quarter. Budget: $55 CAD.

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