How Much Does It Cost to Live in Montreal

Montreal was founded in the year 1642 and was named “Ville-Marie” but got renamed again in the honor of a hill ‘Mount Royal’, situated in the center of the city; thus Montreal. The city has an area of about 431.5 Km2 and a population of 4,221,000. The city harbors a number of beautiful locations and neighborhoods such as the Old Port, le Plateau Mont-Royal and Saint-Henri just to name a few. The Olympic Stadium of 1976 is also situated in Montreal with the city having the distinct honor of being the first Canadian city to hold Olympic games. It is one of the most bilingual cities of Canada. You will be able to order your bagels in the language of your choice!

Housing and Utilities Cost in Montreal

Given below is a table that lists down the average prices of different types of apartments, their rents, and their costs in three primary zones of the city of Montreal:

City Districts

Studio

1 Bedroom 

2 Bedroom

3 Bedroom +

Montreal CMA

$1038

$1360

$1665

$2095

Cotes-Des-Neiges

$1045

$1210

$1650

$1700

Notre-Dame-De-Grace

$1050

$1297

$1525

$1900

Verdun/Lasalle

$850

$1125

$1750

$1892

Plateau-Mont-Royal

$1098

$1254

$1851

$2953

Rosemont/La Petite-Patrie

$1046

$1109

$1615

$2272

Hochelaga-Maisonneuve

$1053

$1325

$1220

$1550

Villeray/ Parc-extension

$1052

$1600

$1925

$2087

Average Cost of Utilities

Of all the provinces of Canada, none has electricity prices that can beat Quebec. And being located in the same blessed province, being a resident of Montreal means ‘very’ affordable electricity bill. The monthly average rate is around 7.3 ¢/kWh. If your apartment or house is averagely consuming around 1000kWh, then your electric bill will come around $73. 

For a 915 sq. ft. apartment, the collective bill of all the utilities is averaged around $95 to $100 which includes electricity, heating, cooling, garbage, water, etc. As for monthly home insurance rates, throughout the state of Quebec, it is determined by the value of the home. If you are living in a rented apartment or house, you will be paying around $16 to $68 (maximum) as your home insurance. But if you own property, consult the table below for the rates of insurance:

Property Value

Average Home Insurance Rate

<100K

$50

100-300K

$66

300-700K

$79

700k-1.5M

$96

1.5-5M

$191

Cost of Public Transport and Parking Rates

Public transport in Montreal is present in the form of their famous metro service as well as bus service. The metro service is divided into four parts that each cover a specific route.

  • GreenLine: From Angrignon to Honore-Beaugrand.
  • OrangeLine: From Cote-Vertu to Montmorency.
  • YellowLine: From Longueuil (University of Sherbrooke) to Berri-Uqam.
  • BlueLine: From Snowdon to Saint-Michel

For Bus and Metro:

Trip/Pass Type

Regular Fare

6-17 + 65 and over

Students 18 and over

1 trip

$3.50

$2.50

 

2 trips

$6.50

$4.25

 

10 trips

$29.50

$17.50

 

Unlimited Evening pass (6 p.m. to 5 a.m. with first use before midnight)

$5.50

  

1-day pass (24 hours)

$10

  

Unlimited Weekend pass (From Friday 4 p.m. to Monday 5 a.m.) 

$14.25

  

3-day pass (Until 11:59 p.m. the third day)

$20

  

Weekly pass (From Monday to Sunday 11:59 p.m.)

$27.25

$16.50

 

Monthly pass (From 1st to last day of the month

$88.50

$53

$53

4-month pass (Consecutive)

 

$208

$208

Group(7) (1 adult + 10 children aged 6-13)

 

$17.50

 

YUL Aéroport Mtl-Trudeau (747) (24 hr)

$10

  

747 Westbound trip(8)

$10

  

 

Cost of The Public Bicycle Sharing System:

In the city of Montreal, a bike renting company by the name of Bixi operates. You can either download their app or rent a bike from their station. There are over 600 stations so it is quite convenient to get one of their bikes from their stands and leave it at one that is close to your destination. A 30-minute trip can cost you about $2.99 whereas a day will cost you only $5.25 (24-hours). $15 for 3-days and an annual membership at $97 makes them a lucrative service provider.

Car Parking Rates:

Agence de mobilité durable looks after paid on-street parking in the city of Montreal. To encourage the rotation of vehicles during business hours, parking periods and maximum time allowances are determined by the boroughs. Most lots charge for every 20 or 30 minutes up to the maximum with prices varying from around $12 to over $20 for 24/h, this makes on-street parking significantly cheaper when parking for short term. Weekend rates are significantly cheaper. Different rates for different locations are displayed in the table below

Borough 

Rates

Ahuntsic/Cartierville (Chabanel sector)

$2.50

Ahuntsic/Cartierville (Fleury sector)

$2.00

CDN/NDG (East sector)

$3.00

CDN/NDG (West sector)

$2.50

Lachine

$2.00

Mercier/Hochelaga/Maisonneuve

$1.50

Outremont

$2.50

Plateau-Mont-Royal 

$3.50

Rosemont/Petite-Patrie

$1.50

Rosemont/Petite-Patrie (Angus sector)

$3.00

Sud-Ouest

$1.50

Sud-Ouest (East sector)

$3.50

Verdun

$2.00

Ville-Marie

$3.50

Ville-Marie (East sector)

$1.50

Ville-Marie (East sector)

$1.50

Villeray/Saint-Michel/Parc-Extension

$1.50

Ville Saint-Laurent

$1.50

 

Car Insurance Rates:

Annual car insurance rates in the province of Quebec is around $717, which is the lowest of all the provinces of Canada.

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Entertainment

The price to keep yourself entertained in Montreal is not all too shabby, in fact, quite affordable. Considering the essentials only, the average cost of entertainment around the city of Montreal includes:

  • Having a meal in any inexpensive restaurant: $15
  • Mid-range Restaurant, Meal for 2 People, 3-course (no alcohol): $70
  • Domestic Beer: $2.99
  • 2 tickets to the cinema: $28
  • A business day taxi trip on basic cost, 8 km.: $36
  • Cocktail drink in the pub: $13

Considering the average cost, if you have had 4 beers, 1 restaurant visit with friends, visited the cinema 2 times, and have had 4 regular restaurant meals per month, that can cost you about: $170.

Grocery Cost in the Montreal

Grocery includes items such as fruits, vegetables, meat, eggs, milk, and others. Cost for some regular groceries that may averagely be purchased include:

Items 

Prices

Milk (1 liter)

$2.51

Loaf of bread

$3.49

Rice 1kg

$2.98

Eggs 12

$3.35

Local Cheese 1kg

$16.29

Chicken fillet 1kg

$14.40

Beef round 1kg

$19.43

Apple 1kg

$3.94

Banana 1kg

$1.92

Orange 1kg

$4.35

Tomato 1kg

$4.74

Potato 1kg

$2.39

Onion 1kg

$2.66

Lettuce 1 head

$2.55

Water bottle 1.5l

$1.95

Cigarette 20 Pack

$13

Phone and Internet

There are plenty of internet service providers in Montreal with different types of internet plans as per the need of every customer. On average, a 60 Mbps (or more) connection with unlimited download will cost you around $60 to $70. But with the best internet providers, you can easily find a cell phone and internet package that is both affordable and fits your needs.

Fitness and Personal Care

In terms of fitness and personal care, a one-month fitness club fee averages around $30-40 per month. As for healthcare, you are covered with Canada universal healthcare. Having personal insurance is still highly recommended for other personal care services such as the dentist and the optometrist.

Provincial Taxes

There are three types of sales taxes in Canada. In the province of Quebec, they have GST as well as PST which are set at about 9.975% and 5% respectively coming to a total of 14.975%. Applicable tax on the taxable income includes:

  • 15% on the first $43,790 of taxable income, +.
  • 20% on the next $43,785, +.
  • 24% on the next $18,980, +.
  • 25.75% on the amount over $106,555.

One may argue that the taxes in some provinces are higher in comparison to others, but due to the additional services that are offered to the residents by the provincial government.

Conclusion

If you plan on living in Montreal, then you can calculate the average cost of living in the city using the provided table and selecting the rates along with respective items, and finding the total sum which may vary from one person to another.

Average Monthly Cost of living in Montreal 

Category

Description

Cost

Housing

Average rent price for a 2 bedroom apartment + Insurance + Average utility cost

$1665 + $45+ $100

Transportation 

Transit rider: Transit Monthly pass option

$88.50

Food

Regular grocery basket

$200

Phone

Internet + mobile plan

$90

Entertainment

Average entertainment cost

$170

Health and Fitness

The average cost of a Fitness membership

$35

Total

Sum

$2393.50

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