🇨🇦 Cost of Living in Montreal - Prices & Budget Guide
Last updated: March 2026
Economic Indicators
GDP per Capita (PPP)$64,610 (2024)
Inflation Rate2.4% (2024)
Health Spend per Capita$6,378 (2024)
Out-of-Pocket Health Spend15.3% (2024)
Education Spend (% GDP)4.9% (2022)
Source: World Bank Open Data
The cost of living in Montreal is generally considered to be moderate, with a daily budget of $80-150 USD per person for mid-range travelers, making it an affordable destination compared to other major cities in North America.
Quick Facts
Cost LevelModerate
Daily Budget (Backpacker)$60-100 USD
Daily Budget (Mid-Range)$80-150 USD
Daily Budget (Comfort)$150-250 USD
CurrencyCAD
Tipping Customexpected (15% in restaurants and bars)
How Expensive Is Montreal?
Montreal is a vibrant and culturally rich city in the province of Quebec, Canada. Compared to other major cities in North America, Montreal is relatively affordable, with a cost of living that is lower than cities like Toronto, Vancouver, or New York. However, prices can vary depending on the neighborhood, with areas like the Plateau Mont-Royal and Old Montreal tend to be more expensive than others. Overall, Montreal offers a great balance of quality of life, cultural experiences, and affordability, making it an attractive destination for tourists and expats alike.
In terms of global averages, Montreal's cost of living is slightly higher than the global average, but still relatively affordable compared to other major cities in Western Europe or North America. The city's unique blend of French and Canadian culture, rich history, and vibrant arts scene make it an attractive destination for visitors and residents alike. With its moderate cost of living, Montreal is an excellent choice for travelers and expats looking for a high quality of life without breaking the bank.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$20-40
typical quality, shared rooms and dorms
Mid-Range Hotel
$80-150
what to expect, 3-star hotels with private rooms and amenities
Luxury/Resort
$200-400
what to expect, 5-star hotels with high-end amenities and services
Apartment Rent (monthly)
$800-1,200
city center, 1-bedroom apartment, prices vary depending on neighborhood and amenities
Apartment Rent (monthly)
$500-900
outside city center, 1-bedroom apartment, prices vary depending on neighborhood and amenities
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$8-12
Casual Restaurant
$15-25
Mid-Range Restaurant (2 people)
$30-50
Fine Dining
$60-100
Beer (local)
$5-7
Coffee
$2-4
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$2-3
Taxi (per km)
$1-2
Domestic flight
$100-200
Fuel (per liter)
$0.80-1.20
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
600
1,000
1,500
Food
300
500
800
Transport
100
150
200
Utilities
100
150
200
Entertainment
200
300
500
Total
1,300
2,100
3,200
Money-Saving Tips
Consider renting an apartment outside of the city center to save on rent costs.
Take advantage of Montreal's public transportation system, including buses and metro lines, which are affordable and efficient.
Eat at local eateries and street food stalls, which offer delicious and affordable meals.
Visit museums and attractions on free or discounted days, such as Wednesday evenings or Sundays.
Explore the city's many parks and green spaces, which are free and offer a great way to enjoy the outdoors.
Look for discounts and promotions on activities and tours, such as bike rentals or guided tours, to save money and experience the city like a local.