Last update: Nov 2026

Cost of Living Comparison Between Isla de Margarita and Montreal

For one person, living is cheaper in Isla de Margarita: $654 a month against $2,067 in Montreal, rent and utilities included – about $17,000 less a year. Rent and utilities account for most of the difference.

100

Cost of Living Index in Montreal
Learn more

Montreal Living Index

Jump to prices

Isla de Margarita

🇻🇪 Venezuela

$654

/mo nomad

Montreal

🇨🇦 Canada

$2,067

/mo nomad

Monthly Cost of Living

How much you'll spend in Isla de Margarita and in Montreal

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Isla de Margarita and in Montreal actually costs, broken down by who's living it.

A single person spends $654 per month in Isla de Margarita vs $2,067 in Montreal, rent included.

Isla de Margarita $654
Montreal $2,067

A couple spends around $1,221 per month in Isla de Margarita vs $3,179 in Montreal, rent included.

Isla de Margarita $1,221
Montreal $3,179

A family of three spends $1,788 per month in Isla de Margarita vs $4,291 in Montreal, rent included.

Isla de Margarita $1,788
Montreal $4,291

Isla de Margarita is about 68% cheaper than Montreal, and outside of rent the biggest gap is in eating out.

Isla de Margarita sits 52% below the global median, while Montreal is 53% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$9.83 VES 8,778

$18.89 CA$26.57

-47.96%

Three-Course Dinner for Two, Mid-Range

$81.0 VES 72.3K

$72.6 CA$102

11.62%

Fast Food Meal (McDonalds, etc)

$10.79 CA$15.18

Cappuccino

$2.55 VES 2,279

$3.98 CA$5.60

-35.93%

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

$0.98 VES 875

$2.02 CA$2.84

-51.49%

Water (0.33 liter bottle)

$1.47 VES 1,317

$1.63 CA$2.29

-9.82%

Local Beer (0.5 liter draught)

$0.98 VES 876

$6.32 CA$8.89

-84.49%

Imported Beer (0.33 liter bottle)

$3.04 VES 2,715

$7.06 CA$9.93

-56.94%

Milk (1 liter)

$1.96 VES 1,746

$2.33 CA$3.28

-15.88%

White Bread (500g)

$2.96 VES 2,640

$3.25 CA$4.57

-8.92%

Rice (white) (1kg)

$2.05 VES 1,834

$3.26 CA$4.59

-37.12%

Eggs

$2.45 VES 2,184

$3.48 CA$4.89

-29.60%

Local Cheese (1kg)

$7.93 VES 7,078

$13.73 CA$19.31

-42.24%

Chicken Fillets (1kg)

$8.21 VES 7,326

$11.48 CA$16.14

-28.48%

Beef Round Steak (1kg)

$8.05 VES 7,186

$14.26 CA$20.05

-43.55%

Apples (1kg)

$4.11 VES 3,669

$3.52 CA$4.95

16.76%

Banana (1kg)

$1.51 VES 1,350

$1.46 CA$2.05

3.42%

Oranges (1kg)

$1.99 VES 1,775

$3.41 CA$4.80

-41.64%

Tomato (1kg)

$2.55 VES 2,276

$3.20 CA$4.50

-20.31%

Potato (1kg)

$1.46 VES 1,304

$1.94 CA$2.72

-24.74%

Onion (1kg)

$1.78 VES 1,593

$1.78 CA$2.50

Lettuce (1 head)

$1.02 VES 908

$2.52 CA$3.54

-59.52%

Water (1.5 liter bottle)

$1.58 CA$2.22

Cigarettes 20 Pack (Marlboro, Camel)

$11.51 CA$16.18

Wine (Bottle)

$4.98 VES 4,445

$10.57 CA$14.87

-52.89%

Local Beer (0.5 liter bottle)

$0.97 VES 868

$2.35 CA$3.30

-58.72%

Imported Beer (0.33 liter bottle)

$1.54 VES 1,372

$2.90 CA$4.07

-46.90%

One-way Ticket (Public Transport)

$2.61 CA$3.68

Public Transport Monthly Pass (Regular Price)

$78.5 CA$110

Taxi Start (Normal Tariff)

$2.92 VES 2,610

$3.17 CA$4.46

-7.89%

Taxi (Normal Tariff) (1km)

$2.97 VES 2,648

$1.49 CA$2.10

99.33%

Taxi 1hour Waiting (Normal Tariff)

$33.49 CA$47.10

Gasoline (1 liter)

$1.36 CA$1.92

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

$28.0K CA$39.4K

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

$21.1K CA$29.7K

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

$29.62 VES 26.4K

$77.6 CA$109

-61.82%

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

$14.73 VES 13.1K

$35.63 CA$50.1

-58.66%

Internet (50+ Mbps, Unlimited Data)

$40.41 VES 36.1K

$43.73 CA$61.5

-7.59%

Gym Membership (Monthly)

$49.69 VES 44.4K

$30.07 CA$42.29

65.25%

Tennis Court (1 Hour on Weekend)

$15.05 VES 13.4K

$19.97 CA$28.08

-24.64%

Cinema Ticket

$4.99 VES 4,450

$11.27 CA$15.85

-55.72%

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

$522 CA$734

International Primary School, 1 Child (Yearly)

$17.8K CA$25.0K

Jeans (Levis 501 Or Similar)

$78.7 VES 70.3K

$59.0 CA$82.9

33.53%

Summer Dress (H&M, Zara, etc)

$39.01 CA$54.9

Sport Shoes (Adidas, Nike)

$101 VES 90.2K

$99.8 CA$140

1.23%

Men's Leather Business Shoes

$99.8 VES 89.1K

$110 CA$154

-9.02%

1-bedroom Apartment, City Center (Monthly)

$296 VES 264.0K

$1,298 CA$1,826

-77.23%

1-bedroom Apartment, Outside City Center (Monthly)

$970 CA$1,365

3-bedroom Apartment, City Center (Monthly)

$508 VES 453.9K

$2,323 CA$3,267

-78.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,689 CA$2,376

Buy Apartment in City Center (m2)

$605 VES 540.3K

$5,004 CA$7,037

-87.90%

Buy Apartment Outside City Center (m2)

$3,736 CA$5,255

Average Monthly Net Salary (After Tax)

$2,943 CA$4,139

20-Year Fixed Mortgage Interest Rate (Annual %)

4.51

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

Last update for Isla de Margarita: November 3, 2026

Last update for Montreal: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Isla de Margarita

–

Montreal

$970 47%

Groceries & Markets

Isla de Margarita

–

Montreal

$357 17.3%

Eating Out

Isla de Margarita

–

Montreal

$292 14.1%

Monthly Utilities & Internet

Isla de Margarita

–

Montreal

$157 7.6%

Clothing & Footwear

Isla de Margarita

–

Montreal

$138 6.7%

Getting Around

Isla de Margarita

–

Montreal

$100 4.8%

Sport & Entertainment

Isla de Margarita

–

Montreal

$53 2.6%

Cost Breakdown

A central one-bedroom costs $296 in Isla de Margarita versus $1,298 in Montreal. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $81 in Isla de Margarita versus $73 in Montreal. Groceries tell a different story – $236 in Isla de Margarita vs $357 in Montreal – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇻🇪 Isla de Margarita

🇨🇦 Montreal

🕒 Local time

18:43 6:43 PM

17:43 5:43 PM

1 h behind Isla de Margarita

🌤 Weather

👥 Population

90,387

1,762,949

💱 Currency

Venezuelan Bolívar VES Bs.S

Canadian Dollar CAD $

📈 Exchange rate

1,000 VES = 1.12 USD

1,000 VES = 1 EUR

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

Exchange rates and currency converter

CAD, USD, EUR to VES – Venezuelan Bolívar Converter

🇺🇸 United States Dollar ($)

🇻🇪 Venezuelan Bolívar (Bs.S)

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 998 VES (1,000 VES = 1 EUR).

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.57 CAD (1 CAD = 0.636 EUR).

USD to VES in detail →

On the map

Lowest

Highest

Between locations

Isla de Margarita Montreal 3,940 km ≈ 5 h nonstop flight

From you

Isla de Margarita
Montreal

Distances are measured in a straight line. Your location is detected approximately.

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

Isla de Margarita vs Montreal: Cost of Living - Frequently Asked Questions

Yes – Montreal is pricier by about 216%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $982 per month in Isla de Margarita and $3,100 in Montreal. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Isla de Margarita, especially for central apartments: a one-bedroom in the center costs $296 there versus $1,298 in Montreal.

Groceries cost about 51% more in Montreal, though the gap depends on what you buy.

A mid-range dinner for two costs $81 in Isla de Margarita and $73 in Montreal. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,000 monthly budget goes further in Isla de Margarita, where all-in costs run around $654, than in Montreal at $2,067. In Isla de Margarita it covers expenses comfortably, while in Montreal 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 $654 in Isla de Margarita to $2,067 in Montreal. Climate, culture, job market, and personal taste all factor in.