Last update: Oct 2026

Cost of Living Comparison Between Montreal and the Bay Islands

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Cost of Living Index in Montreal
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Montreal Living Index

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Montreal

🇨🇦 Canada

$2,003

/mo nomad

Bay Islands

🇭🇳 Honduras

/mo nomad

Meal at Budget Restaurant

$19.31 CA$27.57

Three-Course Dinner for Two, Mid-Range

$75.5 CA$108

Fast Food Meal (McDonalds, etc)

$10.63 CA$15.17

Cappuccino

$3.93 CA$5.61

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

$1.92 CA$2.74

Water (0.33 liter bottle)

$1.48 CA$2.11

Local Beer (0.5 liter draught)

$6.30 CA$8.99

Imported Beer (0.33 liter bottle)

$7.19 CA$10.26

Milk (1 liter)

$2.22 CA$3.17

White Bread (500g)

$3.06 CA$4.37

Rice (white) (1kg)

$2.94 CA$4.20

Eggs

$3.53 CA$5.04

Local Cheese (1kg)

$13.19 CA$18.83

Chicken Fillets (1kg)

$11.24 CA$16.05

Beef Round Steak (1kg)

$13.81 CA$19.72

Apples (1kg)

$3.40 CA$4.86

Banana (1kg)

$1.44 CA$2.06

Oranges (1kg)

$3.26 CA$4.66

Tomato (1kg)

$2.88 CA$4.11

Potato (1kg)

$1.86 CA$2.65

Onion (1kg)

$1.82 CA$2.61

Lettuce (1 head)

$2.43 CA$3.46

Water (1.5 liter bottle)

$1.52 CA$2.18

Cigarettes 20 Pack (Marlboro, Camel)

$11.45 CA$16.35

Wine (Bottle)

$10.36 CA$14.79

Local Beer (0.5 liter bottle)

$2.22 CA$3.16

Imported Beer (0.33 liter bottle)

$2.82 CA$4.02

One-way Ticket (Public Transport)

$2.58 CA$3.68

Public Transport Monthly Pass (Regular Price)

$76.9 CA$110

Taxi Start (Normal Tariff)

$3.25 CA$4.64

Taxi (Normal Tariff) (1km)

$1.48 CA$2.12

Taxi 1hour Waiting (Normal Tariff)

$33.04 CA$47.18

Gasoline (1 liter)

$1.36 CA$1.94

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

$27.4K CA$39.2K

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

$20.0K CA$28.5K

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

$76.1 CA$109

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

$34.68 CA$49.52

Internet (50+ Mbps, Unlimited Data)

$42.69 CA$61.0

Gym Membership (Monthly)

$28.94 CA$41.33

Tennis Court (1 Hour on Weekend)

$20.33 CA$29.03

Cinema Ticket

$11.21 CA$16.01

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

$505 CA$721

International Primary School, 1 Child (Yearly)

$16.0K CA$22.9K

Jeans (Levis 501 Or Similar)

$58.5 CA$83.5

Summer Dress (H&M, Zara, etc)

$38.00 CA$54.3

Sport Shoes (Adidas, Nike)

$92.7 CA$132

Men's Leather Business Shoes

$106 CA$151

1-bedroom Apartment, City Center (Monthly)

$1,240 CA$1,771

1-bedroom Apartment, Outside City Center (Monthly)

$986 CA$1,408

3-bedroom Apartment, City Center (Monthly)

$2,102 CA$3,002

3-bedroom Apartment, Outside City Center (Monthly)

$1,615 CA$2,306

Buy Apartment in City Center (m2)

$5,043 CA$7,202

Buy Apartment Outside City Center (m2)

$3,830 CA$5,469

Average Monthly Net Salary (After Tax)

$2,920 CA$4,170

20-Year Fixed Mortgage Interest Rate (Annual %)

4.46

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

Last update for Montreal: October 6, 2026

Last update for the Bay Islands: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$986 47.9%

Bay Islands

–

Groceries & Markets

Montreal

$344 16.7%

Bay Islands

–

Eating Out

Montreal

$293 14.2%

Bay Islands

–

Monthly Utilities & Internet

Montreal

$154 7.5%

Bay Islands

–

Clothing & Footwear

Montreal

$133 6.5%

Bay Islands

–

Getting Around

Montreal

$98 4.8%

Bay Islands

–

Sport & Entertainment

Montreal

$51 2.5%

Bay Islands

–

Good to know

🇨🇦 Montreal

🇭🇳 Bay Islands

🕒 Local time

04:42 4:42 AM

02:42 2:42 AM

2 h behind Montreal

🌤 Weather

👥 Population

1,762,949

71,500

💱 Currency

Canadian Dollar CAD $

Honduran Lempira HNL L

📈 Exchange rate

1 CAD = 0.7 USD

1 CAD = 0.625 EUR

100 HNL = 3.72 USD

100 HNL = 3.32 EUR

Exchange rates and currency converter

HNL, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 13, 2026: 1 USD = 1.43 CAD (1 CAD = 0.7 USD). 1 EUR = 1.6 CAD (1 CAD = 0.625 EUR).

Honduran Lempira exchange rates as of October 13, 2026: 1 USD = 26.86 HNL (100 HNL = 3.72 USD). 1 EUR = 30.1 HNL (100 HNL = 3.32 EUR).

USD to CAD in detail →

On the map

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Between locations

Montreal Bay Islands 3,460 km ≈ 4 h 45 min nonstop flight

From you

Montreal
Bay Islands

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

Montreal vs Bay Islands: Cost of Living - Frequently Asked Questions

For families, Bay Islands is more practical. Housing and childcare are both notably cheaper than in Montreal, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Montreal and Bay Islands are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

It comes down to priorities – Bay Islands wins on affordability, Montreal on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.