Last update: Oct 2026

Cost of Living Comparison Between Montreal and Bogota

For one person, living is cheaper in Bogota: $1,310 a month against $2,003 in Montreal, rent and utilities included – about $8,300 less a year. Rent and utilities account for most of the difference.

99

Cost of Living Index in Montreal
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Montreal Living Index
62

Cost of Living Index in Bogota
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Bogota Living Index

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Montreal

🇨🇦 Canada

$2,003

/mo nomad

Bogota

🇨🇴 Colombia

$1,310

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Bogota

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

A single person spends $2,003 per month in Montreal vs $1,310 in Bogota, rent included.

Montreal $2,003
Bogota $1,310

A couple spends around $3,048 per month in Montreal vs $2,073 in Bogota, rent included.

Montreal $3,048
Bogota $2,073

A family of three spends $4,092 per month in Montreal vs $2,836 in Bogota, rent included.

Montreal $4,092
Bogota $2,836

Montreal costs about 53% more than Bogota, and outside of rent the biggest gap is in eating out.

Montreal sits 49% above the global median, while Bogota is 2% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$19.31 CA$27.46

$7.62 COP 24.5K

153.41%

Three-Course Dinner for Two, Mid-Range

$75.5 CA$107

$40.93 COP 131.8K

84.46%

Fast Food Meal (McDonalds, etc)

$10.63 CA$15.11

$9.96 COP 32.1K

6.73%

Cappuccino

$3.93 CA$5.58

$2.46 COP 7,933

59.76%

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

$1.92 CA$2.73

$1.36 COP 4,394

41.18%

Water (0.33 liter bottle)

$1.48 CA$2.11

$0.82 COP 2,631

80.49%

Local Beer (0.5 liter draught)

$6.30 CA$8.96

$2.01 COP 6,472

213.43%

Imported Beer (0.33 liter bottle)

$7.19 CA$10.22

$3.85 COP 12.4K

86.75%

Milk (1 liter)

$2.22 CA$3.16

$1.62 COP 5,213

37.04%

White Bread (500g)

$3.06 CA$4.35

$2.46 COP 7,909

24.39%

Rice (white) (1kg)

$2.94 CA$4.18

$1.65 COP 5,311

78.18%

Eggs

$3.53 CA$5.02

$3.45 COP 11.1K

2.32%

Local Cheese (1kg)

$13.19 CA$18.76

$7.69 COP 24.8K

71.52%

Chicken Fillets (1kg)

$11.24 CA$15.98

$7.02 COP 22.6K

60.11%

Beef Round Steak (1kg)

$13.81 CA$19.65

$9.72 COP 31.3K

42.08%

Apples (1kg)

$3.40 CA$4.84

$3.47 COP 11.2K

-2.02%

Banana (1kg)

$1.44 CA$2.05

$1.78 COP 5,732

-19.10%

Oranges (1kg)

$3.26 CA$4.64

$1.96 COP 6,305

66.33%

Tomato (1kg)

$2.88 CA$4.09

$1.75 COP 5,637

64.57%

Potato (1kg)

$1.86 CA$2.64

$1.40 COP 4,507

32.86%

Onion (1kg)

$1.82 CA$2.60

$1.39 COP 4,479

30.94%

Lettuce (1 head)

$2.43 CA$3.45

$1.31 COP 4,232

85.50%

Water (1.5 liter bottle)

$1.52 CA$2.17

$1.16 COP 3,724

31.03%

Cigarettes 20 Pack (Marlboro, Camel)

$11.45 CA$16.29

$4.15 COP 13.4K

175.90%

Wine (Bottle)

$10.36 CA$14.73

$12.24 COP 39.4K

-15.36%

Local Beer (0.5 liter bottle)

$2.22 CA$3.15

$1.42 COP 4,575

56.34%

Imported Beer (0.33 liter bottle)

$2.82 CA$4.01

$2.83 COP 9,117

-0.35%

One-way Ticket (Public Transport)

$2.58 CA$3.66

$1.06 COP 3,426

143.40%

Public Transport Monthly Pass (Regular Price)

$76.9 CA$109

$48.65 COP 156.7K

58.05%

Taxi Start (Normal Tariff)

$3.25 CA$4.63

$2.28 COP 7,335

42.54%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.11

$2.31 COP 7,454

-35.93%

Taxi 1hour Waiting (Normal Tariff)

$33.04 CA$46.99

$9.26 COP 29.8K

256.80%

Gasoline (1 liter)

$1.36 CA$1.93

$1.26 COP 4,042

7.94%

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

$27.4K CA$39.0K

$23.4K COP 75.3M

17.35%

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

$20.0K CA$28.4K

$35.3K COP 113.7M

-43.42%

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

$76.1 CA$108

$121 COP 389.4K

-37.06%

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

$34.68 CA$49.32

$15.63 COP 50.3K

121.88%

Internet (50+ Mbps, Unlimited Data)

$42.69 CA$60.7

$29.00 COP 93.4K

47.21%

Gym Membership (Monthly)

$28.94 CA$41.17

$32.55 COP 104.8K

-11.09%

Tennis Court (1 Hour on Weekend)

$20.33 CA$28.91

$15.14 COP 48.7K

34.28%

Cinema Ticket

$11.21 CA$15.94

$7.55 COP 24.3K

48.48%

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

$505 CA$718

$465 COP 1.5M

8.67%

International Primary School, 1 Child (Yearly)

$16.0K CA$22.8K

$8,119 COP 26.1M

97.20%

Jeans (Levis 501 Or Similar)

$58.5 CA$83.2

$82.5 COP 265.6K

-29.08%

Summer Dress (H&M, Zara, etc)

$38.00 CA$54.1

$46.69 COP 150.3K

-18.61%

Sport Shoes (Adidas, Nike)

$92.7 CA$132

$142 COP 457.4K

-34.75%

Men's Leather Business Shoes

$106 CA$150

$104 COP 335.2K

1.62%

1-bedroom Apartment, City Center (Monthly)

$1,240 CA$1,764

$781 COP 2.5M

58.74%

1-bedroom Apartment, Outside City Center (Monthly)

$986 CA$1,402

$440 COP 1.4M

124.08%

3-bedroom Apartment, City Center (Monthly)

$2,102 CA$2,990

$1,258 COP 4.1M

67.11%

3-bedroom Apartment, Outside City Center (Monthly)

$1,615 CA$2,297

$974 COP 3.1M

65.82%

Buy Apartment in City Center (m2)

$5,043 CA$7,173

$2,755 COP 8.9M

83.07%

Buy Apartment Outside City Center (m2)

$3,830 CA$5,447

$2,239 COP 7.2M

71.03%

Average Monthly Net Salary (After Tax)

$2,920 CA$4,154

$795 COP 2.6M

267.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.46

12.81

-65.18%

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

Last update for Montreal: October 6, 2026

Last update for Bogota: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$986 47.9%

Bogota

$440 34% 55.4% $546

Groceries & Markets

Montreal

$344 16.7%

Bogota

$256 19.9% 25.4% $87

Eating Out

Montreal

$293 14.2%

Bogota

$147 11.4% 49.8% $146

Monthly Utilities & Internet

Montreal

$154 7.5%

Bogota

$166 12.8% 7.9% $12

Clothing & Footwear

Montreal

$133 6.5%

Bogota

$169 13.1% 27.2% $36

Getting Around

Montreal

$98 4.8%

Bogota

$67 5.2% 31.8% $31

Sport & Entertainment

Montreal

$51 2.5%

Bogota

$48 3.7% 7.2% $3.7

Cost Breakdown

A central one-bedroom costs $1,240 in Montreal versus $781 in Bogota. 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 267% higher in Montreal, 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 $75.0 in Montreal versus $41.00 in Bogota. Monthly groceries follow the same trend: $344 vs $256 – making Bogota the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇴 Bogota

🕒 Local time

04:40 4:40 AM

03:40 3:40 AM

1 h behind Montreal

🌤 Weather

👥 Population

1,762,949

8,181,047 Capital

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

10,000 COP = 3.11 USD

10,000 COP = 2.77 EUR

Exchange rates and currency converter

COP, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.6 CAD (1 CAD = 0.627 EUR).

Colombian Peso exchange rates as of October 10, 2026: 1 USD = 3,220 COP (10,000 COP = 3.11 USD). 1 EUR = 3,611 COP (10,000 COP = 2.77 EUR).

USD to CAD in detail →

On the map

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Montreal Bogota 4,540 km ≈ 6 h nonstop flight

From you

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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 Bogota: Cost of Living - Frequently Asked Questions

Yes – Montreal is pricier by about 53%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,005 per month in Montreal and $1,966 in Bogota. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $2,003 in Montreal and $1,310 in Bogota. That's a gap of about 53%.

Public transport costs about 58% less in Bogota. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Bogota, where all-in costs run around $1,310, than in Montreal at $2,003. In Bogota it covers expenses comfortably, while in Montreal it requires careful planning or may not stretch far enough.

Families tend to lean toward Bogota – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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