Cost of Living in Montreal

How Much Does It Cost to Live in Montreal in 2024?

What is the average monthly cost of living in Montreal?
The average cost of living in Montreal is $1,977.01 per month.

Montreal, Quebec’s largest city, is famous for its distinctive culture, vibrant art scene, diverse neighborhoods, and many nicknames like “The City of Saints”, or “Paris of North America”.

It’s a city that attracts people from around the world, looking for its unique combination of rich history and modern living, which is why it’s also referred to as “The City of Festivals”.

Many people move to Montreal for a better quality of life and career prospects. However, it’s important to understand that living in Montreal is not just all about bagels and smoked meat, it comes with its own financial considerations. While it might not be as expensive as some other big Canadian cities, you have to consider the cost of living here.

Continue reading to uncover information about the Montreal cost of living.

Methodology

The main data collection source for this article is Numbeo and trusted websites, including the Government of Canada, Revenu Québec, and the STM. The costs presented are estimates and pertain to an individual living alone on a monthly basis.

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Housing costs in Montreal

Montreal is often seen as a more affordable option for buying a house compared to some other major Canadian cities like Toronto and Vancouver. However, while Montreal generally offers more affordability, it can still be relatively expensive for house buying, especially in certain neighborhoods and for specific property types.

Cost of rent in Montreal, CA

Area/Neighborhood

1-bed apartment

3-bed apartment

Montreal (Outside of Center)

$1,221.81

$1,979.26

Numbeo (Sept 2023)

Cost of buying a property in Montreal

Area/Neighborhood

Average home price 

Montreal

$521,600

CREA (Aug 2023)

Utility costs in Montreal: Internet, electricity and water

Whether you own a house or rent in Montreal, utility costs are a part of your budget. The good news is that Montreal offers highly affordable electricity rates. 

Hydro-Québec annually compares electricity prices for residential customers in Québec with those in 21 major North American cities. In Québec, residential electricity rates are nearly half of those in Toronto, and around five times lower than those in New York City.

Here is the monthly average cost of a basic utility package for a 915 sq. ft apartment, which includes electricity, heating, cooling, water, garbage, and Internet services in Montreal:

Utilities

Cost

Basic

(Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

$110.21

Internet

(60 Mbps or More, Unlimited Data, Cable/ADSL)

$59.54

Total

$169.75

Numbeo (Sept 2023) & Hydroquebec (2022)

What is the average monthly cost of utilities in Montreal?
The average monthly cost of utilities in Montreal is $169.75.

Grocery costs in Montreal 

Grocery costs in Montreal are more reasonable compared to other major cities like Toronto. Additionally, basic items such as dairy, eggs, cereals, vegetables, meat, fish, coffee, and more are tax-exempt when purchased in grocery and convenience stores.

Grocery items in Montreal

Cost

Milk (regular), (1 gallon)

$10.86

Loaf of Fresh White Bread (1 lb)

$3.69

Rice (white) (1 lb)

$1.96

Eggs (regular) (12)

$4.28

Local Cheese (1 lb)

$7.32

Chicken Filets (1 lb)

$7.28

Beef Round (1 lb)

$7.94

Apples (1 lb)

$1.98

Banana (1 lb)

$0.88

Oranges (1 lb)

$2.19

Tomato (1 lb)

$2.43

Potato (1 lb)

$1.23

Onion (1 lb)

$1.43

Lettuce (1 head)

$3.17

Bottle of Wine (Mid-Range)

$18.00

Domestic Beer (0.5 liter bottle)

$3.69

Imported Beer (12 oz small bottle)

$4.31

Numbeo (Sept 2023)

What is the average monthly cost of groceries in Montreal?
The average monthly cost of groceries in Montreal is $330.56.

Public transit in Montreal

Montreal’s main public transportation system is the metro and bus network, run by the STM (Société de transport de Montréal). The STM plays a vital role in helping people get around in the Montreal area, whether they live here or are just visiting. 

You can purchase tickets on the bus with exact change or get tickets and cards at metro stations, fare vending machines, authorized retailers, or online.

The metro system is composed of four lines, each serving distinct routes.

  • Green Line: From Angrignon to Honoré-Beaugrand.
  • Orange Line: From Cote-Vertu to Montmorency.
  • Yellow Line: From Longueuil (University of Sherbrooke) to Berri-Uqam.
  • Blue Line: From Snowdon to Saint-Michel.

Type of fare

Rate

Single ticket

$3.75

Daily pass

$11.00

Weekly pass

$30.00

Monthly pass

$97.00

747

Trudeau Airport/Downtown

$11.00

STM (Sept 2023)

What is the STM monthly pass price?
The STM monthly pass price is $97.00.

Entertainment costs in Montreal

Montreal offers a wide range of local attractions, cultural experiences and culinary delights. From iconic places such as Old Montreal, Mont-Royal, the Montreal Museum of Fine Arts and Notre-Dame Basilica to a diverse culinary scene featuring world-class restaurants.

Here are some insights into the entertainment average costs in Montreal:

Entertainment in Montreal

Cost

Mid-range restaurant meal

$57.50

Taxi 1h

$44.25

1 cinema ticket

$15.00

Total

$116.75

Numbeo (Sept 2023)

Sales tax in Montreal

Canada has three types of sales taxes that vary by province. In Québec, there’s the PST and the GST, which are set at about 5% and 9.975%, respectively, totaling 14.975% and applying to purchases of goods and services. 

While some items, like basic groceries and sometimes feminine hygiene products, are exempt from sales taxes, the rate for other products depends on the specific province.

Government of Canada (Sept 2023) & Revenu Québec (Sept 2023)

Healthcare costs in Montreal

If you live in Quebec, you have access to the RAMQ (la Régie de l’assurance maladie du Québec), which offers public health insurance that covers basic medical expenses.

However, it does not include comprehensive services such as those provided by private clinics, paramedical treatments, dental and ophthalmological care, psychology sessions and some diagnostic services. For comprehensive coverage, you can opt to buy private health insurance or use the one sponsored by your employer. 

Costs and coverage of private health insurance vary depending on factors such as age, gender, lifestyle, pre-existing conditions, specific needs and the provider chosen.

Type of healthcare

Cost

Employer-sponsored health insurance

$63.00

Non-employer-sponsored health insurance

$50.00-$166.70

Gym

$41.14

Numbeo (Sept 2023), Hellosafe (2023) & Insurance Business (Apr 2023)

What is the average monthly cost of employee-sponsored health insurance in Montreal?
The monthly cost of employee-sponsored health insurance in Montreal is $63.00.

Conclusion

Montreal has a unique European charm that sets it apart from other big cities in Canada. It’s a great place to consider if you want a better quality of life, safety, diverse job opportunities, and a lower cost of living. Just make sure to budget carefully and research the best neighborhoods in Montreal before you decide where to live.

And before you move, be sure to find the best moving companies in Montreal to make your transition to your new home smooth and easy.

 

Please review the table summarizing Montreal’s 2024 monthly living costs:

Category

Monthly cost

1 bed apt rent outside city center

$1,221.81

Groceries

Numbeo’s grocery list

 $330.56

Utilities

Electricity, heating, cooling, water, garbage

$110.21

Internet with 60 Mbps

$59.54

Transit pass

$97.00

Entertainment 

Meal, taxi, movie

$116.75

Gym membership 

$41.14

Total

$1,977.01

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Ann Nacario

The author

Meet Ann – our head writer with a knack for making moving and city living a breeze. From the many details of moving to picking the perfect moving company, she’s your guide. Ann has a friendly yet detailed approach to ensure your move goes off without a hitch. When she’s not writing about relocation, it will always be on her mind, but you’ll catch her spending time with her three furry friends.

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