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

Monthly Cost of Living

A single person spends $2,295 per month in Hope vs $2,063 in Montreal, rent included.

A couple spends around $3,341 per month in Hope vs $3,159 in Montreal, rent included.

A family of three spends $4,387 per month in Hope vs $4,255 in Montreal, rent included.

Hope costs about 11% more than Montreal, driven mainly by Clothing & Footwear.

Both Hope and Montreal sit above the global median – Hope by 71%, Montreal by 54%.

Meal at Budget Restaurant

$14.82 CA$20.61

$15.92 CA$22.14

-6.91%

Three-Course Dinner for Two, Mid-Range

$51.7 CA$71.9

$73.1 CA$102

-29.19%

Fast Food Meal (McDonalds, etc)

$9.17 CA$12.75

$11.15 CA$15.50

-17.76%

Cappuccino

$4.07 CA$5.66

$3.80 CA$5.29

7.11%

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

$1.45 CA$2.02

$2.18 CA$3.03

-33.49%

Water (0.33 liter bottle)

$1.34 CA$1.87

$1.46 CA$2.03

-8.22%

Local Beer (0.5 liter draught)

$4.76 CA$6.61

$6.12 CA$8.51

-22.22%

Imported Beer (0.33 liter bottle)

$5.64 CA$7.85

$6.78 CA$9.42

-16.81%

Milk (1 liter)

$2.25 CA$3.13

$2.33 CA$3.24

-3.43%

White Bread (500g)

$2.77 CA$3.85

$3.39 CA$4.72

-18.29%

Rice (white) (1kg)

$4.48 CA$6.23

$3.73 CA$5.19

20.11%

Eggs

$3.18 CA$4.42

$3.38 CA$4.70

-5.92%

Local Cheese (1kg)

$12.59 CA$17.51

$16.25 CA$22.60

-22.52%

Chicken Fillets (1kg)

$13.15 CA$18.29

$11.54 CA$16.05

13.95%

Beef Round Steak (1kg)

$20.79 CA$28.91

$15.24 CA$21.19

36.42%

Apples (1kg)

$4.37 CA$6.07

$3.74 CA$5.20

16.84%

Banana (1kg)

$1.61 CA$2.24

$1.70 CA$2.37

-5.29%

Oranges (1kg)

$4.33 CA$6.02

$4.11 CA$5.71

5.35%

Tomato (1kg)

$4.13 CA$5.74

$4.35 CA$6.05

-5.06%

Potato (1kg)

$2.95 CA$4.10

$2.71 CA$3.76

8.86%

Onion (1kg)

$4.09 CA$5.69

$2.62 CA$3.64

56.11%

Lettuce (1 head)

$2.88 CA$4.00

$2.25 CA$3.13

28.00%

Water (1.5 liter bottle)

$1.88 CA$2.62

$1.73 CA$2.40

8.67%

Cigarettes 20 Pack (Marlboro, Camel)

$14.48 CA$20.14

$13.31 CA$18.51

8.79%

Wine (Bottle)

$14.73 CA$20.49

$10.78 CA$15.00

36.64%

Local Beer (0.5 liter bottle)

$2.40 CA$3.33

$3.01 CA$4.19

-20.27%

Imported Beer (0.33 liter bottle)

$2.64 CA$3.68

$3.46 CA$4.82

-23.70%

One-way Ticket (Public Transport)

$2.35 CA$3.27

$2.74 CA$3.81

-14.23%

Public Transport Monthly Pass (Regular Price)

$64.1 CA$89.1

$72.7 CA$101

-11.79%

Taxi Start (Normal Tariff)

$3.33 CA$4.62

$3.63 CA$5.05

-8.26%

Taxi (Normal Tariff) (1km)

$1.93 CA$2.69

$1.46 CA$2.03

32.19%

Taxi 1hour Waiting (Normal Tariff)

$25.84 CA$35.94

$33.44 CA$46.50

-22.73%

Gasoline (1 liter)

$1.35 CA$1.87

$1.21 CA$1.69

11.57%

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

$25.0K CA$34.8K

$24.6K CA$34.3K

1.44%

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

$20.2K CA$28.2K

$21.7K CA$30.2K

-6.64%

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

$136 CA$189

$76.0 CA$106

78.94%

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

$43.50 CA$60.5

$35.72 CA$49.68

21.78%

Internet (50+ Mbps, Unlimited Data)

$54.9 CA$76.3

$42.86 CA$59.6

27.97%

Gym Membership (Monthly)

$42.56 CA$59.2

$42.92 CA$59.7

-0.84%

Tennis Court (1 Hour on Weekend)

$17.23 CA$23.97

Cinema Ticket

$15.90 CA$22.12

$11.09 CA$15.42

43.37%

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

$686 CA$953

$620 CA$862

10.65%

International Primary School, 1 Child (Yearly)

$11.8K CA$16.5K

$5,834 CA$8,114

102.88%

Jeans (Levis 501 Or Similar)

$54.7 CA$76.1

$62.7 CA$87.1

-12.72%

Summer Dress (H&M, Zara, etc)

$47.18 CA$65.6

$44.41 CA$61.8

6.24%

Sport Shoes (Adidas, Nike)

$74.2 CA$103

$101 CA$140

-26.38%

Men's Leather Business Shoes

$72.7 CA$101

$119 CA$166

-38.90%

1-bedroom Apartment, City Center (Monthly)

$1,338 CA$1,860

$1,211 CA$1,684

10.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,170 CA$1,627

$960 CA$1,334

21.94%

3-bedroom Apartment, City Center (Monthly)

$2,025 CA$2,817

$2,035 CA$2,831

-0.50%

3-bedroom Apartment, Outside City Center (Monthly)

$1,822 CA$2,533

$1,589 CA$2,210

14.61%

Buy Apartment in City Center (m2)

$4,525 CA$6,293

$5,181 CA$7,205

-12.65%

Buy Apartment Outside City Center (m2)

$3,878 CA$5,393

$3,934 CA$5,470

-1.41%

Average Monthly Net Salary (After Tax)

$3,001 CA$4,173

$2,960 CA$4,116

1.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.8

5.01

15.77%

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

Last update for Hope: May 31, 2026

Last update for Montreal: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,338 in Hope versus $1,211 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 1% higher in Hope, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $52.0 in Hope versus $73.0 in Montreal. Groceries tell a different story – $414 in Hope vs $392 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: $2,295 in Hope, $2,063 in Montreal – roughly 11% apart. Hope costs more across the board, with Clothing & Footwear showing the biggest gap.

For a comfortable life, plan on about $3,443 per month in Hope and $3,094 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 $52.0 in Hope and $73.0 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 $2,295 in Hope and $2,063 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 $2,063, than in Hope at $2,295. 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 $2,063 in Montreal to $2,295 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.