Montreal · CAD · high cost city

Savings rate in Montreal — are you on track?

Montreal is a high cost city. 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.

Median rent

C$1,600/mo

Montreal 2023

Typical other costs

C$1,400/mo

excl. housing

Savings benchmark

4–14%

mid-income CAD

Pre-set for Montreal — adjust to your situation

Country
C$65,000
C$15,000C$232,500C$450,000+
C$1,600/mo
C$0C$4,000C$8,000+

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

C$1,750/mo
C$0C$3,750C$7,500+

No signup required. Results are instant and private.

What a good savings rate looks like in Montreal

Using data from Statistics Canada SHS 2023, people at mid-range incomes in Canada typically save between 4–14% of gross income. In a high cost city like Montreal, housing costs can compress that meaningfully — especially for renters.

Minimum
4%
floor — not building
Expected
8%
benchmark
Strong
20%
top tier

Source: Statistics Canada SHS 2023. Benchmarks shown for mid-income earners in Canada.

See full cost breakdown for Montreal →

Compare nearby cities

TorontoCalgaryBoston

Also in the Verdict suite

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