Cost Of Living For a Single Person in Montreal 2025

Single person cost of living chart - individual average monthly expenditure in Montreal

Average Monthly Expenditure

Currency: CAD
820 5,700 64,000
MINIMUM AVERAGE MAXIMUM
$600 $4,200 $47,000

Average monthly spending for a single person or individual in Montreal

How much money does an individual need in a month to survive in Montreal?

A single person in Montreal spends around 5,700 CAD per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 820 CAD or as high as 64,000 CAD. Location and income are very important factors and have a huge influence on expenditure and budget.

Single person or Individual cost of living and expenditure to income ratio in Montreal

Single person expenditure to income ratio in Montreal

Analysing the how affordable it is for an individual to live in Montreal

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

84%

75% to 95%

( expenditure / income ) x 100


Individuals in Montreal spend around 84% of their monthly income. Some individuals spend as low as 75% of their income while some as high as 95%.

Prices and cost of goods and services in Montreal

Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Montreal

Dining, food, and beverages costs


Fast food combo meal

7.8 CAD 16 CAD 26 CAD
MINIMUM AVERAGE MAXIMUM
$5.7 $11 $19

Restaurant meal for one

27 CAD 40 CAD 81 CAD
MINIMUM AVERAGE MAXIMUM
$20 $30 $60

Fine dining meal for one

52 CAD 78 CAD 310 CAD
MINIMUM AVERAGE MAXIMUM
$38 $57 $230

Cappuccino or latte

6.7 CAD 11 CAD 16 CAD
MINIMUM AVERAGE MAXIMUM
$4.9 $7.8 $12

Grocery and market costs


Milk large bottle

5.4 CAD 6.5 CAD 8.1 CAD
MINIMUM AVERAGE MAXIMUM
$4 $4.8 $6

12 eggs

3.9 CAD 5.2 CAD 7.8 CAD
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $5.7

Fresh whole chicken

9.2 CAD 12 CAD 17 CAD
MINIMUM AVERAGE MAXIMUM
$6.8 $8.8 $12

Pack of beef

11 CAD 17 CAD 34 CAD
MINIMUM AVERAGE MAXIMUM
$8.2 $12 $25

Medium bag of rice

4.1 CAD 5.6 CAD 8 CAD
MINIMUM AVERAGE MAXIMUM
$3 $4.1 $5.9

Bag of tomatos

1.6 CAD 2.1 CAD 3.9 CAD
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.9

Bag of apples

2.8 CAD 3.7 CAD 6.1 CAD
MINIMUM AVERAGE MAXIMUM
$2.1 $2.7 $4.5
Chart showing the prices and cost of commute, travel, and transportation in Montreal

Commute, travel, and transportation costs


20 minutes taxi ride

6.8 CAD 8.1 CAD 16 CAD
MINIMUM AVERAGE MAXIMUM
$5 $6 $12

Average car full tank

39 CAD 52 CAD 100 CAD
MINIMUM AVERAGE MAXIMUM
$29 $38 $77

Average car 1-day rental

37 CAD 49 CAD 73 CAD
MINIMUM AVERAGE MAXIMUM
$27 $36 $54

Average car price

19,000 CAD 37,000 CAD 50,000 CAD
MINIMUM AVERAGE MAXIMUM
$14,000 $28,000 $37,000

Bus ticket one way

1.2 CAD 1.9 CAD 3.7 CAD
MINIMUM AVERAGE MAXIMUM
$0.91 $1.4 $2.7

Car Service

51 CAD 76 CAD 150 CAD
MINIMUM AVERAGE MAXIMUM
$37 $56 $110
Chart showing the prices and cost of utility, energy, water, and gas for a single person in Montreal

Utility cost (monthly)


Utility Bill - Individual

43 CAD 300 CAD 3,400 CAD
MINIMUM AVERAGE MAXIMUM
$32 $220 $2,500

Internet and cable

41 CAD 81 CAD 110 CAD
MINIMUM AVERAGE MAXIMUM
$30 $60 $80

Mobile phone charges

27 CAD 45 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$20 $33 $99

Leisure and activities costs


Movie ticket

18 CAD 23 CAD 35 CAD
MINIMUM AVERAGE MAXIMUM
$13 $17 $26

One month gym membership

64 CAD 80 CAD 160 CAD
MINIMUM AVERAGE MAXIMUM
$47 $59 $120
Chart showing the prices and cost of clothing and accessories in Montreal

Cloths and accessories costs


Pair of jeans or pants

48 CAD 68 CAD 100 CAD
MINIMUM AVERAGE MAXIMUM
$35 $50 $75

Woman dress

46 CAD 64 CAD 210 CAD
MINIMUM AVERAGE MAXIMUM
$34 $47 $150

Woman shoes

41 CAD 56 CAD 130 CAD
MINIMUM AVERAGE MAXIMUM
$30 $41 $95

Men's shoes

36 CAD 44 CAD 88 CAD
MINIMUM AVERAGE MAXIMUM
$27 $33 $65

Men suit

41 CAD 51 CAD 270 CAD
MINIMUM AVERAGE MAXIMUM
$30 $37 $200

Regular t-shirt

21 CAD 28 CAD 83 CAD
MINIMUM AVERAGE MAXIMUM
$15 $20 $61
Chart showing the prices and cost of housing, accommodation, and rent in Montreal

Housing costs / monthly rent


Studio apartment

740 CAD 1,100 CAD 3,000 CAD
MINIMUM AVERAGE MAXIMUM
$540 $820 $2,200

1-bedroom apartment

1,100 CAD 1,800 CAD 4,500 CAD
MINIMUM AVERAGE MAXIMUM
$830 $1,300 $3,300

2-bedroom apartment

1,500 CAD 2,300 CAD 6,200 CAD
MINIMUM AVERAGE MAXIMUM
$1,100 $1,700 $4,500

Housing costs / Buying


Studio apartment

150,000 CAD 230,000 CAD 460,000 CAD
MINIMUM AVERAGE MAXIMUM
$110,000 $170,000 $340,000

1-bedroom apartment

190,000 CAD 320,000 CAD 1.2M CAD
MINIMUM AVERAGE MAXIMUM
$140,000 $230,000 $870,000

2-bedroom apartment

300,000 CAD 890,000 CAD 1.8M CAD
MINIMUM AVERAGE MAXIMUM
$220,000 $650,000 $1.3M
Chart showing the prices and cost of furniture in Montreal

Furniture Costs


King Size Bed

770 CAD 970 CAD 1,300 CAD
MINIMUM AVERAGE MAXIMUM
$570 $710 $950

Double Bed

530 CAD 790 CAD 990 CAD
MINIMUM AVERAGE MAXIMUM
$390 $580 $730

Single Bed

470 CAD 620 CAD 810 CAD
MINIMUM AVERAGE MAXIMUM
$350 $460 $590

Living Room

920 CAD 1,200 CAD 4,100 CAD
MINIMUM AVERAGE MAXIMUM
$670 $870 $3,000

Dining Table

390 CAD 520 CAD 970 CAD
MINIMUM AVERAGE MAXIMUM
$280 $380 $710

Sofa or Couch

530 CAD 720 CAD 1,600 CAD
MINIMUM AVERAGE MAXIMUM
$390 $530 $1,200
Chart showing the prices and cost of electronic devices and appliances in Montreal

Electronics and House Appliance Costs


TV Set

530 CAD 790 CAD 1,600 CAD
MINIMUM AVERAGE MAXIMUM
$390 $580 $1,200

Fridge or Freezer

480 CAD 740 CAD 1,000 CAD
MINIMUM AVERAGE MAXIMUM
$350 $540 $740

Washing Machine

580 CAD 840 CAD 1,500 CAD
MINIMUM AVERAGE MAXIMUM
$430 $620 $1,100

Stove or Cooker

550 CAD 710 CAD 970 CAD
MINIMUM AVERAGE MAXIMUM
$410 $520 $710

Mobile Phone

660 CAD 790 CAD 1,100 CAD
MINIMUM AVERAGE MAXIMUM
$490 $580 $830

Laptop or Computer

740 CAD 900 CAD 1,600 CAD
MINIMUM AVERAGE MAXIMUM
$540 $660 $1,200
Distribution of monthly cost of living expenses of a single person in Montreal

How do individuals spend their money in Montreal?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost34%

34% of total expenses on average (22% to 46%)

LOW$210   290 CAD
AVERAGE$1,500   2,000 CAD
HIGH$17,000   23,000 CAD
Per Month

Individuals in Montreal typically spend from 22% to 46% of their total monthly expenditure on housing with 34% being the average. The average monthly spend on housing is 2,000 CAD with expenditure ranging from 290 CAD to 23,000 CAD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities7%

7% of total expenses on average (3% to 12%)

LOW$32   43 CAD
AVERAGE$220   300 CAD
HIGH$2,500   3,400 CAD
Per Month

Utility expenditure like electricity, water, and gas in Montreal ranges from 3% to 12% of total expenses with 7% being the average for most individuals. The average monthly cost of utilities is 300 CAD with 43 CAD and 3,400 CAD being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel7%

7% of total expenses on average (5% to 13%)

LOW$45   62 CAD
AVERAGE$320   430 CAD
HIGH$3,500   4,800 CAD
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 62 CAD to 4,800 CAD in a month on commuting with 430 CAD being the norm for most individuals. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 5% or as high as 13%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost17%

17% of total expenses on average (11% to 22%)

LOW$89   120 CAD
AVERAGE$620   840 CAD
HIGH$6,900   9,400 CAD
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Montreal is 840 CAD. The cost of groceries can range between 120 CAD to 9,400 CAD. Individuals spend on average about 17% on food and groceries with upper and lower bounds of 11% and 22% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare10%

10% of total expenses on average (4% to 14%)

LOW$45   61 CAD
AVERAGE$310   430 CAD
HIGH$3,500   4,700 CAD
Per Month

Individuals in Montreal allocate 4% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 10%. The range of medical expenses range from 61 CAD to 4,700 CAD with 430 CAD being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping4%

4% of total expenses on average (3% to 7%)

LOW$28   38 CAD
AVERAGE$190   260 CAD
HIGH$2,200   2,900 CAD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 38 CAD to 2,900 CAD with 260 CAD being the average. Speaking of percentages, that equates to 3% to 7% of total expenses with an average of 4% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$11   15 CAD
AVERAGE$78   110 CAD
HIGH$860   1,200 CAD
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 110 CAD per month with 15 CAD being the minimum spent amount and 1,200 CAD being the maximum.

Other Expenses19%

19% of total expenses on average (11% to 23%)

LOW$100   140 CAD
AVERAGE$730   990 CAD
HIGH$8,100   11,000 CAD
Per Month
Percentage of individuals who manage to save money from their income every month in Montreal

What percentage of individuals in Montreal are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
81%
Not Saving
19%

Almost 81% of surveyed individuals in Montreal said that they can save some money at the end of each month while 19% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Montreal

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

19% 30% of income 41%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

270 CAD
$200
2,400 CAD
$1,800
27,000 CAD
$20,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%27%
10% - 20%22%
20% - 30%15%
30% - 40%18%
40% - 50%13%
> 50%5%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 19% to 41% of their monthly income to their savings, with 30% being the average for most individuals. The average monthly amount of money that individuals can put aside is 2,400 CAD with 270 CAD and 27,000 CAD being the minimum and maximum respectively.

Where do individuals choose to put their savings in Montreal

Typical saving choices for individuals in Montreal

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts18%
Retirement Accounts12%
Cash Savings14%
Real Estate10%
Investment6%
Stocks7%
Bonds7%
Mutual Funds3%
Certificates of Deposit4%
Reasons that make it difficult for individuals to save money in Montreal

Saving Challenges in Montreal

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Montreal. Listed below are the answers given by the survey participants.


Reason% People
Low Income7%
High Expenses10%
Debt and Loans20%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure4%
Market Instability3%

Around 7% of the individuals said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 20% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 9% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 16% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 4% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Montreal

Affordable living in Montreal

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Montreal?


Yes
80%
No
20%

Around 80% of surveyed individuals think that living in Montreal is affordable with proper budgeting while 20% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Montreal

Low-cost alternatives in Montreal

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options62%

Few low-cost options38%


Based on the survey, 62% of the individuals living in Montreal have no problem finding low-cost alternatives to support a frugal lifestyle while 38% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals whether they have an emergency fund and the answers were as follows.

Yes78%

No22%


Based on the survey, 22% of the individuals living in Montreal said that they don't have an emergency fund while 78% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Montreal

Financial Literacy in

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy75%


We asked individuals in Montreal whether they acquired any adequate personal financial training in their lives. Approximately 25% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 75% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 21% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 79% said that they have everything under control.

Struggles with finance21%

Easily manages finances79%

Financial goals and targets of single people living in Montreal

Financial goals of individuals in Montreal

In an attempt to understand the economic situation in Montreal, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund6%
Debt Reduction29%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing9%
Travel or Lifestyle12%
Healthcare Expenses7%
Financial Independence10%

Around 6% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 29% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% choose to buy a home or pay off existing mortgage before other things. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 7% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Monthly costs and expenses of energy and basic utilities in Montreal

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Montreal

Utility Bill Cost / Electricity + Water + Gas / A single person

43 CAD 300 CAD 3,400 CAD
MINIMUM AVERAGE MAXIMUM
$32 $220 $2,500

Internet and cable cost

41 CAD 81 CAD 110 CAD
MINIMUM AVERAGE MAXIMUM
$30 $60 $80

Mobile phone bill and charges

27 CAD 45 CAD 140 CAD
MINIMUM AVERAGE MAXIMUM
$20 $33 $99

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 300 CAD. The cost of internet and WiFi ranges from 41 CAD to 110 CAD with 81 CAD being the average internet bill. Finally, the average monthly mobile charges is around 45 CAD but can range between 27 CAD and 140 CAD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.3% 5.8% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Montreal is around 5.8%. This means that people pay 5.8% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.3% to 10% depending on salary and location.

Chart showing the percentage of individuals who are in debt in Montreal

Debt, loans, and mortgages in Montreal


Percentage of individuals who are in debt


In Debt
25%
Debt Free
75%

According to the survey, 25% of the individuals in Montreal have some kind of debt, loan, mortgage, or credit card payments while 75% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Montreal

Debt-to-income ratio in Montreal

Debt to income ratio

26%

17% to 36%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 26% of a single person's monthly income in Montreal goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%2%
50% - 60%9%
40% - 50%10%
30% - 40%12%
20% - 30%17%
10% - 20%21%
0% - 10%28%

According to our data, 2% of the debtors in Montreal pay 60%+ of their income as debt settlement while 9% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 10% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 12% dedicated 30% to 40% of income for same. Things are looking brighter for 17% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Montreal

Debt% People
Real Estate Mortgage15%
Auto Loan25%
Student Loan3%
Credit Card23%
Personal Loan34%

15% of debtors in Montreal confirm that real estate mortgages constitutes the main part of their outstanding debt while 23% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 25% of people and personal loans rose at 34%. Lastly, student loans are the main source of debt for 3% of debtors in Montreal.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Montreal

Besides measuring the loan-to-income ratio, we asked individuals how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never57%
Once a year21%
Twice a year11%
Three times a year8%
Four times a year3%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Montreal

Housing costs, accommodation, and housing affordability in Montreal

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Montreal

Monthly Rent Prices

Studio apartment monthly rent cost

740 CAD 1,100 CAD 3,000 CAD
MINIMUM AVERAGE MAXIMUM
$540 $820 $2,200

1-bedroom apartment monthly rent cost

1,100 CAD 1,800 CAD 4,500 CAD
MINIMUM AVERAGE MAXIMUM
$830 $1,300 $3,300

2-bedroom apartment monthly rent cost

1,500 CAD 2,300 CAD 6,200 CAD
MINIMUM AVERAGE MAXIMUM
$1,100 $1,700 $4,500

3-bedroom apartment monthly rent cost

1,900 CAD 3,200 CAD 8,600 CAD
MINIMUM AVERAGE MAXIMUM
$1,400 $2,300 $6,300

Furnished apartment monthly rent cost

3,600 CAD 9,100 CAD 18,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,700 $6,700 $13,000

Townhouse monthly rent cost

3,000 CAD 4,500 CAD 13,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,200 $3,300 $9,300

House monthly rent cost

3,600 CAD 9,100 CAD 18,000 CAD
MINIMUM AVERAGE MAXIMUM
$2,700 $6,700 $13,000

Villa monthly rent cost

4,400 CAD 11,000 CAD 18,000 CAD
MINIMUM AVERAGE MAXIMUM
$3,300 $8,200 $13,000

The monthly rental cost of a studio apartment in Montreal ranges between 740 CAD and 3,000 CAD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 1,100 CAD to 4,500 CAD. Two-bedroom rentals rate ranges between 1,500 CAD and 6,200 CAD per month. The monthly rental for a three-bedroom apartment ranges from 1,900 CAD to 8,600 CAD. The average rent of a townhouse in Montreal is around 4,500 CAD while house rental costs can be as high as 9,100 CAD per month. Finally, if you want to rent a villa, expect to pay anywhere from 4,400 CAD to 18,000 CAD per month.



Apartment and house prices in Montreal

Cost of buying a property

Studio apartment price

150,000 CAD 230,000 CAD 460,000 CAD
MINIMUM AVERAGE MAXIMUM
$110,000 $170,000 $340,000

1-bedroom apartment price

190,000 CAD 320,000 CAD 1.2M CAD
MINIMUM AVERAGE MAXIMUM
$140,000 $230,000 $870,000

2-bedroom apartment price

300,000 CAD 890,000 CAD 1.8M CAD
MINIMUM AVERAGE MAXIMUM
$220,000 $650,000 $1.3M

3-bedroom apartment price

1M CAD 1.5M CAD 4.5M CAD
MINIMUM AVERAGE MAXIMUM
$740,000 $1.1M $3.3M

Townhouse price

1.3M CAD 3.1M CAD 12M CAD
MINIMUM AVERAGE MAXIMUM
$980,000 $2.3M $8.5M

House price

1.6M CAD 9.5M CAD 14M CAD
MINIMUM AVERAGE MAXIMUM
$1.2M $7M $10M

Villa price

1.9M CAD 11M CAD 16M CAD
MINIMUM AVERAGE MAXIMUM
$1.4M $7.7M $12M

The average price of a studio apartment in Montreal can range from 150,000 CAD to 460,000 CAD depending on location. One bedroom cost can be anywhere from 190,000 CAD to 1.2M CAD. A villa can cost you 11M CAD on average with prices ranging from 1.9M CAD to 16M CAD.


If you're leasing or purchasing, housing costs in Montreal will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


61 x179 monthly income 293
MINIMUM AVERAGE MAXIMUM

Property prices in Montreal can be x179 to x293 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x179 multiples of the average monthly salary in Montreal.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


28% 40% of income 52%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Montreal is around 40%. This means that people pay 40% of their income for rent. Those figures can range from 28% to 52% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
32%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.4%
AVERAGE
3.4%
TO
4.4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


13 CAD 130 CAD 1,900 CAD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Food Prices, Dining Expenses, and Grocery Costs in Montreal

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Montreal

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

7.8 CAD 16 CAD 26 CAD
MINIMUM AVERAGE MAXIMUM
$5.7 $11 $19

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Montreal is approximatly 16 CAD with meal cost ranging from 7.8 CAD to 26 CAD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

27 CAD 40 CAD 81 CAD
MINIMUM AVERAGE MAXIMUM
$20 $30 $60

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 27 CAD and 81 CAD with 40 CAD being the average price of a plate for one person at a regular restaurant in Montreal.

Fine dining meal for one price

52 CAD 78 CAD 310 CAD
MINIMUM AVERAGE MAXIMUM
$38 $57 $230

The price range of a meal at fine-dining restaurant is 52 CAD to 310 CAD with the average cost being 78 CAD for one person. This is what you would expect to pay a top-tier diner in Montreal.

Beverage prices, cappuccino, latte etc..

6.7 CAD 11 CAD 16 CAD
MINIMUM AVERAGE MAXIMUM
$4.9 $7.8 $12

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Montreal is around 11 CAD. Price ranges between 6.7 CAD and 16 CAD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

5.4 CAD 6.5 CAD 8.1 CAD
MINIMUM AVERAGE MAXIMUM
$4 $4.8 $6

The average price of a large bottle of milk in Montreal is 6.5 CAD. The maximum what you would pay for milk is 8.1 CAD and the minimum being 5.4 CAD depending on the brand of milk and other properties.

12 eggs price

3.9 CAD 5.2 CAD 7.8 CAD
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $5.7

A dozen eggs costs around 5.2 CAD on average with 3.9 CAD and 7.8 CAD being the lower and upper limits respectively.

Fresh whole chicken price

9.2 CAD 12 CAD 17 CAD
MINIMUM AVERAGE MAXIMUM
$6.8 $8.8 $12

The price range of a fresh whole chicken in Montreal is between 9.2 CAD and 17 CAD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 12 CAD.

Pack of beef price

11 CAD 17 CAD 34 CAD
MINIMUM AVERAGE MAXIMUM
$8.2 $12 $25

The price of a regular pack of beef or meat is around 17 CAD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

4.1 CAD 5.6 CAD 8 CAD
MINIMUM AVERAGE MAXIMUM
$3 $4.1 $5.9

A bag of rice in Montreal costs around 5.6 CAD on average with prices rangeing between 4.1 CAD and 8 CAD depending on the brand and quality.

Bag of tomatos price

1.6 CAD 2.1 CAD 3.9 CAD
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.9

A bag of tomatoes costs anywhere from 1.6 CAD to 3.9 CAD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.8 CAD 3.7 CAD 6.1 CAD
MINIMUM AVERAGE MAXIMUM
$2.1 $2.7 $4.5

A bag of apples costs 3.7 CAD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


19% 28% of income 35%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Montreal is around 28%. This means that individuals spend 28% of their income on grocery and basic household items. The expenditure can range from 19% to 35% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 120 CAD to 9,400 CAD with the location, income being the most determinite factors.

Published: November 15, 2024   Last Update: April 25, 2025



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