Here's something we can all agree on: Montreal is one of Canada's most culturally rich and vibrant cities, hands down. If you're considering moving here or are simply curious about the cost of living, we're here to break it all down. These are the various expenses you can expect when living in Montreal.

Housing

As with any other city, housing costs in Montreal will depend on where you choose to live and the type of living space you prefer. Rental prices for a one-bedroom apartment in the city center typically range from $900 to $1,700 per month, which is quite a healthy range. If you're looking for something even more affordable, prices outside the city center can range from $800 to $1,200 per month.

Utilities

Of all the provinces in Canada, Quebec offers the most affordable electricity prices (thanks, Hydro-Quebec!). As a resident of Montreal, you can expect your monthly Hydro bill to land between $73 and $150. The final number will ultimately be determined by the size of your living space and which utilities are included in your rent, if you’re a tenant (older buildings will sometimes include heating and hot water, for example).

Insurance

You’ll also need to account for home insurance, which is determined by the value of your property. If you are living in a rented apartment or house, you will pay around $25 to $65 per month. If you own, prices can range from $50 to $190. Remember, these prices can vary depending on your usage and the size of your living space.

Transportation

Getting around Montreal is relatively easy thanks to its well-connected public transportation system. A monthly pass for unlimited bus and metro travel costs approximately $97, less if you're a student or senior. If you prefer driving, you'll need to account for additional expenses such as fuel, insurance, parking, and maintenance.

Food

When it comes to groceries, costs can vary depending on your dietary preferences and shopping habits. On average, a single person can expect to spend around $200 to $350 per month on groceries. Montreal offers a diverse range of supermarkets, local markets, and specialty stores to cater to different budgets and tastes. Dining out is an integral part of enjoying Montreal's vibrant culinary scene. From poutine to bagels to multi-course meals, Montreal offers a variety of delicious and iconic dishes worth exploring. Eating at an inexpensive restaurant costs about $15 to $25 per meal, while a meal for two people at a mid-range restaurant can range from $80 to $100 (excluding alcohol).

Entertainment

Montreal is renowned for its vibrant cultural scene and exciting entertainment options. Prices for entertainment and leisure activities like movie tickets, fitness memberships, and cultural events can vary. On average, expect to spend around $20 to $55 per ticket or membership, but keep an eye out for special discounts and promotions.

Internet

There are plenty of internet service providers in Montreal with different types of internet plans to suit every customer's needs. On average, a 60+ Mbps connection with unlimited downloads will cost you around $60 to $70 per month. Many providers also offer cell phone and internet packages that can help you save.

The bottom line

If you consider the average rent price for a one-bedroom apartment, along with insurance and average utility costs, you can expect to pay around $1,400 per month for the bare necessities. Add in a monthly STM pass for $97, groceries for one person at $300 per month, internet at $65 per month, and entertainment expenses such as dining out, going to the movies, and enjoying restaurant meals, which amounts to $180 per month, your total would be approximately $2,042. While these figures provide a general idea of the cost of living in Montreal, personal preferences and lifestyles significantly impact overall expenses. The prices discussed here are approximations based on information as of July 2023. Always make sure to research current prices and gather firsthand knowledge when planning your budget for life in Montreal.