Last update: Oct 2026

Cost of Living Comparison Between Montreal and Armenia

For one person, living is cheaper in Armenia: $1,164 a month against $2,018 in Montreal, rent and utilities included – about $10,200 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
56

Cost of Living Index in Armenia
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Armenia Living Index

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Montreal

🇨🇦 Canada

$2,018

/mo nomad

Armenia

🇨🇴 Colombia

$1,164

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Armenia

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

A single person spends $2,018 per month in Montreal vs $1,164 in Armenia, rent included.

Montreal $2,018
Armenia $1,164

A couple spends around $3,085 per month in Montreal vs $1,826 in Armenia, rent included.

Montreal $3,085
Armenia $1,826

A family of three spends $4,152 per month in Montreal vs $2,489 in Armenia, rent included.

Montreal $4,152
Armenia $2,489

Montreal costs about 73% more than Armenia, and outside of rent the biggest gap is in eating out.

Montreal sits 49% above the global median, while Armenia is 14% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$18.82 CA$26.75

$6.38 COP 20.3K

194.98%

Three-Course Dinner for Two, Mid-Range

$70.3 CA$99.9

$31.58 COP 100.4K

122.58%

Fast Food Meal (McDonalds, etc)

$10.66 CA$15.14

$9.40 COP 29.9K

13.40%

Cappuccino

$3.84 CA$5.46

$2.25 COP 7,154

70.67%

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

$1.92 CA$2.72

$1.16 COP 3,685

65.52%

Water (0.33 liter bottle)

$1.54 CA$2.19

$0.92 COP 2,937

67.39%

Local Beer (0.5 liter draught)

$6.23 CA$8.86

$2.43 COP 7,722

156.38%

Imported Beer (0.33 liter bottle)

$7.10 CA$10.08

$1.91 COP 6,075

271.73%

Milk (1 liter)

$2.31 CA$3.29

$1.48 COP 4,709

56.08%

White Bread (500g)

$3.14 CA$4.47

$2.49 COP 7,918

26.10%

Rice (white) (1kg)

$3.21 CA$4.57

$1.75 COP 5,574

83.43%

Eggs

$3.52 CA$5.00

$2.91 COP 9,248

20.96%

Local Cheese (1kg)

$12.81 CA$18.21

$9.89 COP 31.5K

29.52%

Chicken Fillets (1kg)

$11.46 CA$16.29

$9.36 COP 29.8K

22.44%

Beef Round Steak (1kg)

$13.39 CA$19.03

$13.81 COP 43.9K

-3.04%

Apples (1kg)

$3.14 CA$4.46

$4.03 COP 12.8K

-22.08%

Banana (1kg)

$1.44 CA$2.04

$1.53 COP 4,852

-5.88%

Oranges (1kg)

$3.47 CA$4.94

$0.82 COP 2,597

323.17%

Tomato (1kg)

$3.07 CA$4.37

$2.18 COP 6,948

40.83%

Potato (1kg)

$1.90 CA$2.70

$1.98 COP 6,307

-4.04%

Onion (1kg)

$1.77 CA$2.52

$1.58 COP 5,020

12.03%

Lettuce (1 head)

$2.34 CA$3.33

$1.15 COP 3,649

103.48%

Water (1.5 liter bottle)

$1.55 CA$2.21

$1.27 COP 4,040

22.05%

Cigarettes 20 Pack (Marlboro, Camel)

$11.38 CA$16.17

$3.94 COP 12.5K

188.83%

Wine (Bottle)

$10.63 CA$15.11

$13.56 COP 43.1K

-21.61%

Local Beer (0.5 liter bottle)

$2.27 CA$3.23

$1.72 COP 5,481

31.98%

Imported Beer (0.33 liter bottle)

$2.82 CA$4.01

$2.28 COP 7,265

23.68%

One-way Ticket (Public Transport)

$2.66 CA$3.78

$1.04 COP 3,323

155.77%

Public Transport Monthly Pass (Regular Price)

$77.3 CA$110

Taxi Start (Normal Tariff)

$3.20 CA$4.55

$1.31 COP 4,161

144.27%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.10

$2.07 COP 6,574

-28.50%

Taxi 1hour Waiting (Normal Tariff)

$32.88 CA$46.73

$8.11 COP 25.8K

305.43%

Gasoline (1 liter)

$1.34 CA$1.91

$1.29 COP 4,099

3.88%

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

$28.2K CA$40.0K

$27.0K COP 86.0M

4.12%

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

$19.6K CA$27.9K

$35.3K COP 112.3M

-44.41%

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

$76.0 CA$108

$103 COP 327.6K

-26.25%

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

$33.95 CA$48.26

$13.15 COP 41.8K

158.17%

Internet (50+ Mbps, Unlimited Data)

$42.31 CA$60.1

$26.88 COP 85.5K

57.40%

Gym Membership (Monthly)

$29.76 CA$42.29

$18.74 COP 59.6K

58.80%

Tennis Court (1 Hour on Weekend)

$20.28 CA$28.83

Cinema Ticket

$11.15 CA$15.85

$6.57 COP 20.9K

69.71%

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

$507 CA$721

$789 COP 2.5M

-35.72%

International Primary School, 1 Child (Yearly)

$16.1K CA$22.8K

$9,085 COP 28.9M

76.66%

Jeans (Levis 501 Or Similar)

$57.6 CA$81.8

$85.0 COP 270.4K

-32.31%

Summer Dress (H&M, Zara, etc)

$37.58 CA$53.4

$58.3 COP 185.5K

-35.57%

Sport Shoes (Adidas, Nike)

$91.9 CA$131

$137 COP 435.7K

-32.91%

Men's Leather Business Shoes

$110 CA$156

$98.7 COP 313.9K

11.05%

1-bedroom Apartment, City Center (Monthly)

$1,260 CA$1,792

$573 COP 1.8M

119.86%

1-bedroom Apartment, Outside City Center (Monthly)

$948 CA$1,347

$383 COP 1.2M

147.50%

3-bedroom Apartment, City Center (Monthly)

$2,137 CA$3,037

$943 COP 3.0M

126.71%

3-bedroom Apartment, Outside City Center (Monthly)

$1,614 CA$2,293

$779 COP 2.5M

107.03%

Buy Apartment in City Center (m2)

$4,960 CA$7,049

Buy Apartment Outside City Center (m2)

$3,838 CA$5,454

Average Monthly Net Salary (After Tax)

$2,827 CA$4,019

$514 COP 1.6M

450.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

10.94

-59.05%

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

Last update for Montreal: October 12, 2026

Last update for Armenia: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$948 47%

Armenia

$383 32.9% 59.6% $565

Groceries & Markets

Montreal

$346 17.2%

Armenia

$289 24.8% 16.6% $57

Eating Out

Montreal

$288 14.3%

Armenia

$131 11.2% 54.6% $157

Monthly Utilities & Internet

Montreal

$152 7.5%

Armenia

$143 12.3% 6% $9.2

Clothing & Footwear

Montreal

$133 6.6%

Armenia

$171 14.7% 27.8% $37

Getting Around

Montreal

$99 4.9%

Armenia

$16 * 1.4% 83.9% $83

Sport & Entertainment

Montreal

$52 2.6%

Armenia

$32 2.7% 38.8% $20

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,260 in Montreal versus $573 in Armenia. 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 450% 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 $70.0 in Montreal versus $32.00 in Armenia. Monthly groceries follow the same trend: $346 vs $289 – making Armenia the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇴 Armenia

🕒 Local time

08:00 8:00 AM

07:00 7:00 AM

1 h behind Montreal

🌤 Weather

👥 Population

1,762,949

316,926

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.704 USD

1 CAD = 0.628 EUR

10,000 COP = 3.14 USD

10,000 COP = 2.81 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 15, 2026: 1 USD = 1.42 CAD (1 CAD = 0.704 USD). 1 EUR = 1.59 CAD (1 CAD = 0.628 EUR).

Colombian Peso exchange rates as of October 15, 2026: 1 USD = 3,181 COP (10,000 COP = 3.14 USD). 1 EUR = 3,562 COP (10,000 COP = 2.81 EUR).

USD to CAD in detail →

On the map

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Highest

Between locations

Montreal Armenia 4,560 km ≈ 6 h nonstop flight

From you

Montreal
Armenia

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 Armenia: Cost of Living - Frequently Asked Questions

Montreal costs about 73% more than Armenia, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,027 per month in Montreal and $1,746 in Armenia. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Armenia, 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 $2,018 in Montreal and $1,164 in Armenia. That's a gap of about 73%.

Kindergarten costs $507 per month in Montreal and $789 in Armenia. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Armenia, where all-in costs run around $1,164, than in Montreal at $2,018. In Armenia it covers expenses comfortably, while in Montreal it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Armenia costs $1,164 versus $2,018 in Montreal. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Armenia. 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.