Cost of Living Comparison Between Montreal and Banff Cost of Living Comparison Between Montreal and Banff

🙂 Solo nomad: Montreal is 3% cheaper than Banff without rent, and 8.9% cheaper with rent.

🙂 Family of 3: Montreal is 8.6% cheaper than Banff without rent, and 29.6% cheaper with rent.

Meal at Budget Restaurant

$16.33 CA$22.23

$22.02 CA$29.98

-25.84%

Three-Course Dinner for Two, Mid-Range

$73.7 CA$100

$74 CA$101

-0.43%

Fast Food Meal (McDonalds, etc)

$10.99 CA$14.96

$10.12 CA$13.78

8.60%

Cappuccino

$3.82 CA$5.2

$4.42 CA$6.02

-13.57%

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

$2.1 CA$2.86

$1.69 CA$2.3

24.26%

Water (0.33 liter bottle)

$1.52 CA$2.07

$1.94 CA$2.65

-21.65%

Local Beer (0.5 liter draught)

$5.92 CA$8.05

$5.63 CA$7.66

5.15%

Imported Beer (0.33 liter bottle)

$6.47 CA$8.8

$8.86 CA$12.06

-26.98%

Milk (1 liter)

$2.27 CA$3.09

$2.21 CA$3

2.71%

White Bread (500g)

$3.36 CA$4.58

$2.32 CA$3.16

44.83%

Rice (white) (1kg)

$3.66 CA$4.98

$5.96 CA$8.11

-38.59%

Eggs

$3.43 CA$4.67

$3.83 CA$5.22

-10.44%

Local Cheese (1kg)

$16.48 CA$22.43

$12.54 CA$17.08

31.42%

Chicken Fillets (1kg)

$11.61 CA$15.8

$14.4 CA$19.6

-19.38%

Beef Round Steak (1kg)

$15.19 CA$20.67

$12.49 CA$17

21.62%

Apples (1kg)

$3.61 CA$4.91

$4.28 CA$5.82

-15.65%

Banana (1kg)

$1.68 CA$2.28

$1.57 CA$2.13

7.01%

Oranges (1kg)

$4.12 CA$5.61

$4.97 CA$6.77

-17.10%

Tomato (1kg)

$4.44 CA$6.05

$5.1 CA$6.94

-12.94%

Potato (1kg)

$2.64 CA$3.59

$2.92 CA$3.98

-9.59%

Onion (1kg)

$2.6 CA$3.54

$3.21 CA$4.37

-19.00%

Lettuce (1 head)

$2.17 CA$2.96

$3.54 CA$4.82

-38.70%

Water (1.5 liter bottle)

$1.78 CA$2.42

$2.79 CA$3.8

-36.20%

Cigarettes 20 Pack (Marlboro, Camel)

$13.27 CA$18.06

$14.77 CA$20.1

-10.16%

Wine (Bottle)

$12.7 CA$17.29

$16.41 CA$22.34

-22.61%

Local Beer (0.5 liter bottle)

$3.11 CA$4.24

$5.05 CA$6.87

-38.42%

Imported Beer (0.33 liter bottle)

$3.6 CA$4.89

$3.01 CA$4.1

19.60%

One-way Ticket (Public Transport)

$2.69 CA$3.66

$1.45 CA$1.98

85.52%

Public Transport Monthly Pass (Regular Price)

$73.1 CA$99.5

$21.76 CA$29.61

235.98%

Taxi Start (Normal Tariff)

$3.53 CA$4.81

$5.58 CA$7.6

-36.74%

Taxi (Normal Tariff) (1km)

$1.4 CA$1.9

$3.17 CA$4.32

-55.84%

Taxi 1hour Waiting (Normal Tariff)

$34.13 CA$46.45

$19.19 CA$26.12

77.85%

Gasoline (1 liter)

$1.23 CA$1.68

$1.01 CA$1.37

21.78%

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

$25.2K CA$34.3K

$24.6K CA$33.5K

2.52%

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

$21.6K CA$29.4K

$21K CA$28.5K

3.19%

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

$75.3 CA$102

$203 CA$277

-63.00%

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

$36.75 CA$50

$57.4 CA$78.1

-35.93%

Internet (50+ Mbps, Unlimited Data)

$44.37 CA$60.4

$69.4 CA$94.4

-36.04%

Gym Membership (Monthly)

$43.45 CA$59.1

$77.6 CA$106

-43.98%

Tennis Court (1 Hour on Weekend)

$17.07 CA$23.24

$36.23 CA$49.32

-52.88%

Cinema Ticket

$11.17 CA$15.2

$8.8 CA$11.98

26.93%

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

$621 CA$845

$871 CA$1,185

-28.71%

International Primary School, 1 Child (Yearly)

$5,850 CA$7,963

$11.6K CA$15.7K

-49.35%

Jeans (Levis 501 Or Similar)

$62.9 CA$85.6

$43.5 CA$59.2

44.51%

Summer Dress (H&M, Zara, etc)

$45.2 CA$61.5

$46.2 CA$62.9

-2.16%

Sport Shoes (Adidas, Nike)

$103 CA$140

$92.6 CA$126

11.13%

Men's Leather Business Shoes

$122 CA$166

$111 CA$151

9.82%

1-bedroom Apartment, City Center (Monthly)

$1,197 CA$1,629

$897 CA$1,221

33.46%

1-bedroom Apartment, Outside City Center (Monthly)

$944 CA$1,285

$876 CA$1,193

7.76%

3-bedroom Apartment, City Center (Monthly)

$2,069 CA$2,816

$1,310 CA$1,783

57.99%

3-bedroom Apartment, Outside City Center (Monthly)

$1,558 CA$2,120

$3,143 CA$4,278

-50.43%

Buy Apartment in City Center (m2)

$6,154 CA$8,377

$5,492 CA$7,476

12.06%

Buy Apartment Outside City Center (m2)

$4,461 CA$6,072

$4,437 CA$6,040

0.53%

Average Monthly Net Salary (After Tax)

$2,940 CA$4,002

$2,279 CA$3,102

29.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.01

6.62

-24.32%

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

Last update for Montreal: October 29, 2025

Last update for Banff: October 28, 2025

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