Cost of Living Comparison Between Hope and Montreal Cost of Living Comparison Between Hope and Montreal

Monthly Cost of Living

A single person spends $2,308 per month in Hope vs $2,042 in Montreal, rent included.

A couple spends around $3,368 per month in Hope vs $3,163 in Montreal, rent included.

A family of three spends $4,428 per month in Hope vs $4,284 in Montreal, rent included.

Hope costs about 13% more than Montreal, driven mainly by Groceries & Markets.

Both Hope and Montreal sit above the global median – Hope by 69%, Montreal by 49%.

Meal at Budget Restaurant

$14.34 CA$19.93

$18.22 CA$25.33

-21.30%

Three-Course Dinner for Two, Mid-Range

$50.9 CA$70.8

$70.6 CA$98.2

-27.89%

Fast Food Meal (McDonalds, etc)

$9.59 CA$13.34

$10.89 CA$15.14

-11.94%

Cappuccino

$4.80 CA$6.67

$3.92 CA$5.45

22.45%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.48 CA$2.05

$1.97 CA$2.74

-24.87%

Water (0.33 liter bottle)

$1.80 CA$2.50

$1.59 CA$2.21

13.21%

Local Beer (0.5 liter draught)

$4.74 CA$6.59

$6.52 CA$9.07

-27.30%

Imported Beer (0.33 liter bottle)

$5.74 CA$7.98

$7.24 CA$10.07

-20.72%

Milk (1 liter)

$2.47 CA$3.44

$2.29 CA$3.18

7.86%

White Bread (500g)

$2.76 CA$3.84

$3.11 CA$4.32

-11.25%

Rice (white) (1kg)

$3.58 CA$4.97

$3.03 CA$4.22

18.15%

Eggs

$3.15 CA$4.37

$3.59 CA$5.00

-12.26%

Local Cheese (1kg)

$14.11 CA$19.62

$14.29 CA$19.87

-1.26%

Chicken Fillets (1kg)

$13.92 CA$19.35

$11.39 CA$15.83

22.21%

Beef Round Steak (1kg)

$25.45 CA$35.38

$14.56 CA$20.24

74.79%

Apples (1kg)

$4.43 CA$6.16

$3.44 CA$4.78

28.78%

Banana (1kg)

$1.34 CA$1.86

$1.53 CA$2.13

-12.42%

Oranges (1kg)

$4.46 CA$6.20

$3.20 CA$4.45

39.37%

Tomato (1kg)

$4.73 CA$6.57

$2.89 CA$4.01

63.67%

Potato (1kg)

$2.84 CA$3.95

$1.91 CA$2.65

48.69%

Onion (1kg)

$3.59 CA$4.99

$1.80 CA$2.51

99.44%

Lettuce (1 head)

$2.71 CA$3.77

$2.56 CA$3.56

5.86%

Water (1.5 liter bottle)

$2.14 CA$2.98

$1.50 CA$2.09

42.67%

Cigarettes 20 Pack (Marlboro, Camel)

$14.25 CA$19.81

$11.68 CA$16.24

22.00%

Wine (Bottle)

$13.90 CA$19.32

$10.62 CA$14.76

30.89%

Local Beer (0.5 liter bottle)

$2.07 CA$2.88

$2.37 CA$3.30

-12.66%

Imported Beer (0.33 liter bottle)

$2.44 CA$3.40

$3.03 CA$4.22

-19.47%

One-way Ticket (Public Transport)

$2.00 CA$2.78

$2.72 CA$3.77

-26.47%

Public Transport Monthly Pass (Regular Price)

$59.7 CA$83.0

$74.2 CA$103

-19.57%

Taxi Start (Normal Tariff)

$2.99 CA$4.16

$3.19 CA$4.44

-6.27%

Taxi (Normal Tariff) (1km)

$1.52 CA$2.11

$1.45 CA$2.02

4.83%

Taxi 1hour Waiting (Normal Tariff)

$27.00 CA$37.53

$33.52 CA$46.60

-19.45%

Gasoline (1 liter)

$1.29 CA$1.79

$1.31 CA$1.82

-1.53%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.0K CA$38.9K

$28.7K CA$39.8K

-2.31%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$19.2K CA$26.6K

$20.4K CA$28.3K

-5.93%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$127 CA$176

$78.2 CA$109

62.37%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$44.51 CA$61.9

$35.53 CA$49.39

25.27%

Internet (50+ Mbps, Unlimited Data)

$54.6 CA$75.8

$43.37 CA$60.3

25.80%

Gym Membership (Monthly)

$42.05 CA$58.5

$30.84 CA$42.87

36.35%

Tennis Court (1 Hour on Weekend)

$17.43 CA$24.23

$19.99 CA$27.79

-12.81%

Cinema Ticket

$14.37 CA$19.98

$11.58 CA$16.10

24.09%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$640 CA$889

$552 CA$768

15.84%

International Primary School, 1 Child (Yearly)

$12.6K CA$17.5K

$16.5K CA$22.9K

-23.59%

Jeans (Levis 501 Or Similar)

$53.3 CA$74.2

$55.4 CA$77.0

-3.70%

Summer Dress (H&M, Zara, etc)

$47.09 CA$65.5

$38.30 CA$53.3

22.95%

Sport Shoes (Adidas, Nike)

$72.1 CA$100

$99.0 CA$138

-27.13%

Men's Leather Business Shoes

$71.3 CA$99.1

$104 CA$145

-31.67%

1-bedroom Apartment, City Center (Monthly)

$1,249 CA$1,736

$1,234 CA$1,715

1.23%

1-bedroom Apartment, Outside City Center (Monthly)

$1,131 CA$1,573

$990 CA$1,376

14.25%

3-bedroom Apartment, City Center (Monthly)

$1,954 CA$2,716

$2,171 CA$3,018

-10.01%

3-bedroom Apartment, Outside City Center (Monthly)

$1,738 CA$2,416

$1,636 CA$2,274

6.22%

Buy Apartment in City Center (m2)

$4,261 CA$5,924

$5,129 CA$7,130

-16.93%

Buy Apartment Outside City Center (m2)

$3,593 CA$4,995

$3,724 CA$5,177

-3.52%

Average Monthly Net Salary (After Tax)

$3,000 CA$4,170

$3,059 CA$4,252

-1.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.76

4.44

7.21%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Hope: September 14, 2026

Last update for Montreal: September 13, 2026

Cost Breakdown

A central one-bedroom costs $1,249 in Hope versus $1,234 in Montreal. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 2% higher in Montreal, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $51.0 in Hope versus $71.0 in Montreal. Groceries tell a different story – $435 in Hope vs $354 in Montreal – so Montreal wins on supermarket bills even if dining out costs more.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Hope vs Montreal: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,308 in Hope, $2,042 in Montreal – roughly 13% apart. Hope costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $3,462 per month in Hope and $3,063 in Montreal. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Montreal, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $51.0 in Hope and $71.0 in Montreal. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,308 in Hope and $2,042 in Montreal. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Montreal, where all-in costs run around $2,042, than in Hope at $2,308. In Montreal it covers expenses comfortably, while in Hope it requires careful planning or may not stretch far enough.

It depends on your priorities. Montreal has an edge in some lifestyle areas, with costs from $2,042 in Montreal to $2,308 in Hope. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Montreal. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hope makes more sense. Both are solid long-term options with distinct trade-offs.