How much does it cost to live in Montreal?

Typical monthly costs in Montreal are approximately C$1,600 in rent and C$1,400 in other expenses, totalling around C$3,000/month.

How much should I save in Montreal?

Based on Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save 12–20% of gross income. In a high cost city like Montreal, housing costs can reduce this, particularly for renters.

Montreal · CAD · high cost city

Cost of living in Montreal — is your salary enough?

Montreal median rent is C$1,600/month, making it significantly more affordable than Toronto or Vancouver. Montreal offers Canada's best major-city affordability ratio, allowing mid-income earners to save well above benchmark.

Rent in Montreal

BudgetC$1,200 – C$1,450/mo

TypicalC$1,600 – C$1,850/mo

PremiumC$2,100+/mo

Other monthly costs

Food, transport, bills, going out~C$1,400/mo

Total typical monthly spend~C$3,000/mo

How different incomes stack up

At typical Montreal costs (C$1,600 rent)

C$40,000 – C$55,000→ saving 1.6%

Under-Saving

C$55,000 – C$75,000→ saving 19.7%

Ahead

C$75,000 – C$105,000→ saving 42%

Ahead

See your personal verdict for Montreal

Country

Annual income (gross)C$65,000

C$15,000C$232,500C$450,000+

Monthly rent or mortgageC$1,600/mo

C$0C$4,000C$8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

C$1,750/mo

C$0C$3,750C$7,500+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from Statistics Canada SHS 2023. Figures in CAD.

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Compare nearby cities

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Also in the Verdict suite

SalaryVerdict — Is your Montreal salary competitive?SpendVerdict — Is your Montreal rent too high?