Last update: Nov 2026

Cost of Living Comparison Between Montreal and Caracas

For one person, living is cheaper in Caracas: $1,379 a month against $2,067 in Montreal, rent and utilities included – about $8,300 less a year. Rent and utilities account for most of the difference.

100

Cost of Living Index in Montreal
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Montreal Living Index
65

Cost of Living Index in Caracas
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Caracas Living Index

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Montreal

🇨🇦 Canada

$2,067

/mo nomad

Caracas

🇻🇪 Venezuela

$1,379

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Caracas

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 Caracas actually costs, broken down by who's living it.

A single person spends $2,067 per month in Montreal vs $1,379 in Caracas, rent included.

Montreal $2,067
Caracas $1,379

A couple spends around $3,179 per month in Montreal vs $2,304 in Caracas, rent included.

Montreal $3,179
Caracas $2,304

A family of three spends $4,291 per month in Montreal vs $3,229 in Caracas, rent included.

Montreal $4,291
Caracas $3,229

Montreal costs about 50% more than Caracas, and outside of rent the biggest gap is in eating out.

Both Montreal and Caracas sit above the global median – Montreal by 53%, Caracas by 2%.

Meal at Budget Restaurant

$18.89 CA$26.48

$10.91 VES 9,741

73.14%

Three-Course Dinner for Two, Mid-Range

$72.6 CA$102

$66.3 VES 59.2K

9.43%

Fast Food Meal (McDonalds, etc)

$10.79 CA$15.13

$11.16 VES 9,966

-3.32%

Cappuccino

$3.98 CA$5.58

$3.66 VES 3,271

8.74%

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

$2.02 CA$2.83

$1.51 VES 1,346

33.77%

Water (0.33 liter bottle)

$1.63 CA$2.29

$1.28 VES 1,144

27.34%

Local Beer (0.5 liter draught)

$6.32 CA$8.86

$1.96 VES 1,753

222.45%

Imported Beer (0.33 liter bottle)

$7.06 CA$9.90

$3.08 VES 2,751

129.22%

Milk (1 liter)

$2.33 CA$3.27

$2.77 VES 2,469

-15.88%

White Bread (500g)

$3.25 CA$4.55

$2.21 VES 1,970

47.06%

Rice (white) (1kg)

$3.26 CA$4.58

$1.89 VES 1,688

72.49%

Eggs

$3.48 CA$4.87

$4.84 VES 4,322

-28.10%

Local Cheese (1kg)

$13.73 CA$19.25

$10.11 VES 9,026

35.81%

Chicken Fillets (1kg)

$11.48 CA$16.09

$9.04 VES 8,072

26.99%

Beef Round Steak (1kg)

$14.26 CA$19.99

$11.30 VES 10.1K

26.19%

Apples (1kg)

$3.52 CA$4.94

$7.33 VES 6,544

-51.98%

Banana (1kg)

$1.46 CA$2.04

$2.07 VES 1,845

-29.47%

Oranges (1kg)

$3.41 CA$4.78

$2.12 VES 1,891

60.85%

Tomato (1kg)

$3.20 CA$4.49

$2.35 VES 2,095

36.17%

Potato (1kg)

$1.94 CA$2.71

$2.24 VES 1,999

-13.39%

Onion (1kg)

$1.78 CA$2.50

$2.12 VES 1,896

-16.04%

Lettuce (1 head)

$2.52 CA$3.53

$1.56 VES 1,396

61.54%

Water (1.5 liter bottle)

$1.58 CA$2.22

$2.30 VES 2,053

-31.30%

Cigarettes 20 Pack (Marlboro, Camel)

$11.51 CA$16.13

$4.65 VES 4,154

147.53%

Wine (Bottle)

$10.57 CA$14.82

$11.96 VES 10.7K

-11.62%

Local Beer (0.5 liter bottle)

$2.35 CA$3.29

$1.42 VES 1,269

65.49%

Imported Beer (0.33 liter bottle)

$2.90 CA$4.06

$2.06 VES 1,841

40.78%

One-way Ticket (Public Transport)

$2.61 CA$3.66

$0.43 VES 383

506.98%

Public Transport Monthly Pass (Regular Price)

$78.5 CA$110

$29.70 VES 26.5K

164.14%

Taxi Start (Normal Tariff)

$3.17 CA$4.45

$4.98 VES 4,445

-36.35%

Taxi (Normal Tariff) (1km)

$1.49 CA$2.09

$2.83 VES 2,522

-47.35%

Taxi 1hour Waiting (Normal Tariff)

$33.49 CA$46.94

$15.29 VES 13.6K

119.03%

Gasoline (1 liter)

$1.36 CA$1.91

$0.82 VES 735

65.85%

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

$28.0K CA$39.3K

$24.7K VES 22.1M

13.37%

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

$21.1K CA$29.6K

$38.7K VES 34.5M

-45.34%

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

$77.6 CA$109

$21.98 VES 19.6K

252.96%

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

$35.63 CA$49.94

$11.88 VES 10.6K

199.92%

Internet (50+ Mbps, Unlimited Data)

$43.73 CA$61.3

$38.70 VES 34.5K

13.00%

Gym Membership (Monthly)

$30.07 CA$42.16

$66.8 VES 59.6K

-54.96%

Tennis Court (1 Hour on Weekend)

$19.97 CA$27.99

$17.64 VES 15.7K

13.21%

Cinema Ticket

$11.27 CA$15.80

$6.44 VES 5,744

75.00%

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

$522 CA$732

$160 VES 142.5K

226.97%

International Primary School, 1 Child (Yearly)

$17.8K CA$24.9K

$6,063 VES 5.4M

193.50%

Jeans (Levis 501 Or Similar)

$59.0 CA$82.7

$82.4 VES 73.5K

-28.41%

Summer Dress (H&M, Zara, etc)

$39.01 CA$54.7

$51.9 VES 46.3K

-24.79%

Sport Shoes (Adidas, Nike)

$99.8 CA$140

$135 VES 120.6K

-26.15%

Men's Leather Business Shoes

$110 CA$154

$134 VES 120.0K

-18.46%

1-bedroom Apartment, City Center (Monthly)

$1,298 CA$1,820

$654 VES 583.7K

98.55%

1-bedroom Apartment, Outside City Center (Monthly)

$970 CA$1,360

$467 VES 416.8K

107.81%

3-bedroom Apartment, City Center (Monthly)

$2,323 CA$3,257

$1,182 VES 1.1M

96.52%

3-bedroom Apartment, Outside City Center (Monthly)

$1,689 CA$2,368

$964 VES 860.9K

75.15%

Buy Apartment in City Center (m2)

$5,004 CA$7,014

$1,488 VES 1.3M

236.20%

Buy Apartment Outside City Center (m2)

$3,736 CA$5,237

$689 VES 615.2K

442.13%

Average Monthly Net Salary (After Tax)

$2,943 CA$4,125

$309 VES 276.2K

851.22%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.51

-79.50%

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

Last update for Montreal: November 3, 2026

Last update for Caracas: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$970 47%

Caracas

$467 33.9% 51.9% $503

Groceries & Markets

Montreal

$357 17.3%

Caracas

$335 24.3% 6.1% $22

Eating Out

Montreal

$292 14.1%

Caracas

$192 13.9% 34.2% $100

Monthly Utilities & Internet

Montreal

$157 7.6%

Caracas

$73 5.3% 53.8% $84

Clothing & Footwear

Montreal

$138 6.7%

Caracas

$182 13.2% 31.4% $43

Getting Around

Montreal

$100 4.8%

Caracas

$51 3.7% 49.2% $49

Sport & Entertainment

Montreal

$53 2.6%

Caracas

$80 5.8% 51.3% $27

Cost Breakdown

A central one-bedroom costs $1,298 in Montreal versus $654 in Caracas. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Montreal are about 9.5 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $73 in Montreal versus $66 in Caracas. Monthly groceries follow the same trend: $357 vs $335 – making Caracas the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇻🇪 Caracas

🕒 Local time

23:30 11:30 PM

00:30 12:30 AM

1 h ahead of Montreal

🌤 Weather

👥 Population

1,762,949

3,274,000 Capital

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.713 USD

1 CAD = 0.635 EUR

10,000 VES = 11.2 USD

10,000 VES = 9.98 EUR

Exchange rates and currency converter

VES, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.4 CAD (1 CAD = 0.713 USD). 1 EUR = 1.57 CAD (1 CAD = 0.635 EUR).

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 1,002 VES (10,000 VES = 9.98 EUR).

USD to CAD in detail →

On the map

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Between locations

Montreal Caracas 3,940 km ≈ 5 h nonstop flight

From you

Montreal
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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 Caracas: Cost of Living - Frequently Asked Questions

Yes – Montreal is pricier by about 50%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,100 per month in Montreal and $2,068 in Caracas. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Caracas, especially for central apartments: a one-bedroom in the center costs $654 there versus $1,298 in Montreal.

Public transport costs about 62% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $522 per month in Montreal and $160 in Caracas. For families with young kids, this one expense can tip the scales when choosing between the two cities.

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

If budget matters most, go with Caracas. If higher salaries or specific career opportunities are the priority, Montreal makes more sense. Both are solid long-term options with distinct trade-offs.