Cost of Living in Montreal - Where to Live, What to Buy & More

By Remitbee - Jun 10, 2022

Cost of Living in Montreal - Where to Live, What to Buy & More

Montreal is Canada's second-largest city, with the cost of living substantially below the national average. Mount Royal, a three-peaked mountain located northwest of downtown, is the inspiration for this lovely metropolis. Montreal is also one of Canada's most bilingual cities.

The cost of living is lower than the national average and is also lower than the cost of living in other Canadian cities. Rent, food, essential utilities, children's education, entertainment, and medical care are all factors to consider when deciding where to live.

Consider Montreal if you've been thinking about relocating and are looking for a relatively inexpensive location in Canada. We'll show you how much it costs to live in Montreal, where to live, and much more.

Property And Rent Prices

Fortunately, the cost of property and rent in Montreal is less expensive than in other Canadian cities. In a safe neighbourhood, one-bedroom apartments range from $700 to $900.

Thanks to low property and rental prices, there is an outstanding assortment of properties for rent or sale. There's something for everyone from studio apartments in Montreal's downtown to entire neighbourhoods in Kirkland and Notre Dame De Grace.

The following are the prices you can expect to pay while renting a property in Montreal:

  • 1500-$3000 for a luxurious Condo
  • $500-$1250 for a shared room
  • 1000-$2000 for a private apartment
  • You won't go without a place to call home, with approximately 300,000 homes and 500,000 apartments available in Montreal.

The value of your home determines the cost of homeowner's insurance. If you're renting a property, expect to pay anywhere from $16 to $68 each month. If you purchase a house, your rates should be between $50 and $151.

Child care and Education

Montreal is regarded as one of the best places in Canada to raise a family. A subsidized daycare service that costs as little as $8.50 per day is easy to find. The subsidized fee allows many parents with small kids to go to work or school knowing that their children are safe.

Public English-speaking schools may be few, necessitating the requirement for your child to be fluent in French. The cost of tuition ranges from $10,000 in early elementary to $15,000 by the time they graduate.

College and university tuition fees are among the lowest in the country.

Food And Utilities

In Montreal, food is relatively affordable, with the typical monthly grocery bill for one person coming in at roughly $350. That is only for some essential groceries such as milk, eggs, meat, fruits, and vegetables.

Look for markets where you can purchase food at a lesser cost.

Electricity bills in Montreal are not a source of concern because they are very cheap. The average monthly fee is roughly 7.3 cents per kilowatt-hour. If your household uses 1200 kWh per month, you will be charged $ 87.60.

The total cost of utility bills in Montreal is $325.5, including garbage, heating, water, cooling, and electricity.

There are various internet providers in Montreal, and a 60Mbps service will cost you between $60 and $70.

Transport Costs In Montreal

If you reside in Montreal and don't possess a car or prefer to take public transportation, you can take advantage of the city's metro system. You can live and travel everywhere in Montreal thanks to four metro lines, 68 stations, and over 185 bus lines.

Montreal's public transportation is reasonably priced, ranging from $10 for a daily pass to $90.50 for a monthly pass.

Cycling is a less expensive mode of transportation in Montreal. There is no reason not to cycle when the BIXI company provides bikes for rent at its 600 stations. With several paths, the city is also one of the most bike-friendly.

Another inexpensive mode of transportation in Montreal is car sharing. Rather than incurring the costs of owning a car, why not hire one by the hour, minute, or day? Insurance, gas, roadside assistance, and maintenance are typically included in car-sharing payments.

A car-sharing company may charge a $40 annual membership fee, a $2.35 per hour hourly rate, and an additional $0.24 per kilometer.

Entertainment

Montreal boasts the most restaurants per capita, making it relatively easy to dine out. Most restaurants allow you to bring your beer or wine, making dining out more affordable. Different cuisines can be found on the streets of Montreal, making your dining experience even more enjoyable.

From modest bars to upscale nightclubs, Montreal provides a wide array of affordable entertainment alternatives to suit every budget. Don't miss out on the many festivals held in Montreal each month. Free shows are frequently held in the area surrounding Place des Arts during the day and evening.

The average cost of entertainment for the essentials for a night out is listed below. - A movie ticket costs $14. - Domestic beer costs $7 a draft, imported beer costs $6, while six-packs of basic beer cost $10-$12. - In a bar, a cocktail drink costs $13. - A meal in a mid-range restaurant that does not include alcohol will cost you costs $40. - A taxi costs $24 for 12 kilometers, during business hours.

Personal Care And Fitness

Canada's universal healthcare system will cover your medical expenses while you are in Montreal. Private insurance coverage for various medical bills not covered by the universal healthcare system, such as dental and optical, may be prudent.

In Montreal, the average cost of a gym membership is $55. You can also join a YMCA near you by visiting ymcaquebec. They offer a wide range of programs, including group lessons, team activities, water activities, etc. Rates differ from one center to the next.

Conclusion

As you can see, living in Montreal is not incredibly expensive. That isn't to say that you should go ahead and buy whatever you want. If you keep a tight rein on your budget, you'll be able to live comfortably in Montreal.

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