A Complete Breakdown of the Cost of Living in Montreal in 2024

Hey there, fellow dreamers! Ever dreamt of catching a glimpse of the Northern Lights dancing in the sky? Montreal, Canada's French-Canadian gem, might just be your dream destination! But before you pack your bags and hop on a plane (well, maybe not literally yet!), understanding the cost of living in Montreal is crucial.

This blog is your one-stop guide to understanding the cost of living in Montreal in 2024. So, let's begin!

Why Move to Montreal?

Montreal, Canada's vibrant metropolis, consistently ranks high in livability surveys, attracting individuals and families from across the globe seeking a dynamic and enriching lifestyle. Here are just a few compelling reasons why moving to Montreal in 2024 could be the perfect decision for you.

• Montreal boasts a strong and diversified economy, ranking as Canada's 2nd largest economic center.
• According to Numbeo's survey, the cost of living in Montreal is 21.19% lower than in Toronto and 13.48% lower than in Vancouver.
• Over 220 languages are spoken in Montreal, and French and English are both widely used, making it a welcoming environment for newcomers from various backgrounds.
• Montreal is recognized for its excellent healthcare system, ranking 1st among large urban centers in Canada according to the 2023 Fraser Institute report.
• The city consistently ranks high in safety and security, making it a desirable destination for families and individuals seeking a safe and peaceful environment.

Overview of Cost of Living in Montreal

Montreal is known for its high quality of life and affordability compared to other major Canadian cities. The average cost of living per individual, excluding rent, is 1360 CAD (83,400 INR). By careful budgeting and prioritizing expenses, residents can enjoy all that Montreal has to offer while maintaining living expenses in Montreal wisely.

Here's an overview of the average cost of living in Montreal, Quebec.

Also, read: Cost of studying in Canada for Indian Students: Things You Must Know

Cost of Living in Montreal for International Students

Living expenses in Montreal for international students can vary depending on their lifestyle and accommodation choices. Here's a breakdown of the cost of living in Montreal for students.

1. Accommodation

Renting a room in a shared apartment or student housing can cost between $400 and $800 per month. Alternatively, renting a one-bedroom apartment may range from $800 to $1,500 per month, depending on the location and amenities.

2. Utilities

Utilities such as electricity, heating, and internet may cost around $100 to $150 per month, depending on usage and the size of the accommodation.

3. Transportation

Montreal has an efficient public transportation system, including buses and the metro. A monthly transit pass costs approximately $85 to $90. International students may also consider the cost of occasional rideshare services or owning a bicycle for additional transportation options.

4. Groceries

The cost of groceries for international students typically ranges from $200 to $300 per month, depending on dietary preferences and cooking habits.

5. Dining Out

Eating out occasionally can be an enjoyable part of student life. The average cost of dining out at restaurants or cafes may range from $250 to $400 per month, depending on the frequency and type of establishments visited.

6. Entertainment

Montreal offers a vibrant cultural scene with many entertainment options such as concerts, festivals, and museums. Students may budget around $100 to $200 per month for entertainment activities.

7. Healthcare

International students in Montreal are usually required to have health insurance. While many universities offer health insurance plans, additional out-of-pocket expenses for healthcare services may range from $50 to $100 per month if not covered by insurance.

Explore: Cost of Living in Canada for Students and Expats: A Comprehensive Guide

Overall, international students should budget between $1,000 and $1,500 per month (INR 61,437 - INR 92,156) to cover their living expenses in Montreal comfortably.

Pros and Cons of Moving To Montreal

Montreal, the second-largest city in Canada and the largest city in the Canadian province of Quebec, consistently attracts individuals and families seeking a dynamic and enriching lifestyle. It is comparatively cheaper than 50% of other cities in Canada and 80% of cities in North America. However, before packing your bags and embracing the "joie de vivre" (joy of living) that Montreal offers, it's crucial to weigh the pros and cons of this potential move.

Pros

Montreal, as we all know, beckons with its European charm, diverse culture, and thriving economy. Before taking the most important decision of moving to Canada, let's discuss the pros of moving to Montreal in 2024.

1. Thriving Economy and Job Market

Montreal boasts a strong and diversified economy, ranking as Canada's 2nd largest economic center. This translates to a stable job market with diverse opportunities in sectors like aerospace, pharmaceuticals, and information technology.

2. Affordable Cost of Living

Compared to other major Canadian cities, Montreal offers a relatively affordable cost of living. Housing, in particular, is significantly more affordable than in cities like Toronto and Vancouver.

3. Cultural Mosaic and European Flair

Montreal is a true cultural melting pot, with a rich history and diverse population. The city boasts a distinct European charm, evident in its cobblestone streets, historic architecture, and vibrant arts scene, offering a unique blend of North American and European influences.

4. Renowned Food Scene and Entertainment

Montreal is a haven for foodies, offering a diverse culinary scene influenced by its multicultural heritage. From world-renowned poutine and smoked meat to delectable French cuisine, the city caters to every palate. The city also pulsates with vibrant nightlife and entertainment options, ensuring there's something for everyone.

5. Access to Nature and Outdoor Activities

Despite being a bustling metropolis, Montreal offers easy access to nature. Mount Royal Park provides a serene escape within the city, while nearby lakes and rivers offer opportunities for outdoor activities year-round.

6. Excellent Healthcare System

Montreal is recognized for its excellent healthcare system, consistently ranking highly among large urban centers in Canada.

Check out: Total Cost For Canada PR From India

Cons

Now that we have already discussed the advantages of moving to Montreal, let's also discuss some disadvantages Montreal offers.

1. Language Barrier

French is the primary language spoken in Montreal, and while English is widely understood, fluency in French can significantly enhance employment prospects and social integration. Learning French before or upon arrival can be beneficial.

2. Harsh Winters

Montreal winters are known for being long and cold, with average temperatures below freezing for several months. If you're not accustomed to cold weather, adapting can be challenging.

3. Higher Taxes

Quebec province has higher income taxes compared to some other Canadian provinces, which can affect your overall disposable income.

Don't miss: Cost of studying in Canada for Indian students: Everything You Need To Know

Cost of Living in Toronto vs Montreal

When considering moving to Canada for studies or work, one of the most important factors to consider is the cost of living. Toronto and Montreal, two of Canada's largest cities, offer unique experiences and opportunities, but they also come with their own price tags.

Understanding the differences in the cost of living between these cities can help you make informed decisions about where to live and how to budget your expenses. Here's a comparison of the cost of living in Toronto vs Montreal.

Overall, while Toronto generally has higher living expenses, Montreal offers a more affordable cost of living, making it an attractive option for students, young professionals, and families looking to save on expenses without sacrificing quality of life.

Move to Montreal Today with GetGIS

In conclusion, understanding the cost of living in Montreal is essential for anyone considering studying or residing in this vibrant Canadian city. By breaking down expenses like accommodation, transportation, groceries, and more, individuals can better plan their budgets and make informed decisions.

Montreal offers a unique blend of affordability, cultural richness, and quality of life, making it an attractive destination for students, professionals, and families alike. However, navigating immigration processes and settling into a new city can be complex, which is why partnering with an experienced immigration consultant like GetGIS can make the transition smoother. GetGIS offers expert guidance and support to individuals seeking to move to Montreal, ensuring a hassle-free immigration process and a successful start to life in this dynamic city.

Why wait? Book Your Free Consultation Now!

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