Last update: Oct 2026

Cost of Living Comparison Between Montreal and Florence

For one person, living is cheaper in Montreal: $2,018 a month against $2,416 in Florence, rent and utilities included – about $4,800 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
117

Cost of Living Index in Florence
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Florence Living Index

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Montreal

🇨🇦 Canada

$2,018

/mo nomad

Florence

🇮🇹 Italy

$2,416

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Florence

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

A single person spends $2,018 per month in Montreal vs $2,416 in Florence, rent included.

Montreal $2,018
Florence $2,416

A couple spends around $3,085 per month in Montreal vs $3,684 in Florence, rent included.

Montreal $3,085
Florence $3,684

A family of three spends $4,152 per month in Montreal vs $4,952 in Florence, rent included.

Montreal $4,152
Florence $4,952

Montreal is about 16% cheaper than Florence, and outside of rent the biggest gap is in eating out.

Both Montreal and Florence sit above the global median – Montreal by 49%, Florence by 79%.

Meal at Budget Restaurant

$18.82 CA$26.61

$27.03 €24.04

-30.37%

Three-Course Dinner for Two, Mid-Range

$70.3 CA$99.4

$78.7 €70.0

-10.71%

Fast Food Meal (McDonalds, etc)

$10.66 CA$15.06

$14.67 €13.05

-27.33%

Cappuccino

$3.84 CA$5.43

$2.27 €2.02

69.16%

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

$1.92 CA$2.71

$3.27 €2.91

-41.28%

Water (0.33 liter bottle)

$1.54 CA$2.18

$1.49 €1.32

3.36%

Local Beer (0.5 liter draught)

$6.23 CA$8.81

$6.65 €5.91

-6.32%

Imported Beer (0.33 liter bottle)

$7.10 CA$10.03

$7.59 €6.75

-6.46%

Milk (1 liter)

$2.31 CA$3.27

$1.92 €1.71

20.31%

White Bread (500g)

$3.14 CA$4.44

$2.58 €2.29

21.71%

Rice (white) (1kg)

$3.21 CA$4.54

$2.82 €2.50

13.83%

Eggs

$3.52 CA$4.97

$4.67 €4.15

-24.63%

Local Cheese (1kg)

$12.81 CA$18.11

$26.16 €23.27

-51.03%

Chicken Fillets (1kg)

$11.46 CA$16.20

$12.16 €10.81

-5.76%

Beef Round Steak (1kg)

$13.39 CA$18.92

$25.75 €22.90

-48.00%

Apples (1kg)

$3.14 CA$4.43

$3.01 €2.68

4.32%

Banana (1kg)

$1.44 CA$2.03

$2.62 €2.33

-45.04%

Oranges (1kg)

$3.47 CA$4.91

$3.26 €2.90

6.44%

Tomato (1kg)

$3.07 CA$4.34

$3.24 €2.88

-5.25%

Potato (1kg)

$1.90 CA$2.69

$2.27 €2.02

-16.30%

Onion (1kg)

$1.77 CA$2.50

$1.82 €1.62

-2.75%

Lettuce (1 head)

$2.34 CA$3.31

$1.88 €1.67

24.47%

Water (1.5 liter bottle)

$1.55 CA$2.19

$0.70 €0.62

121.43%

Cigarettes 20 Pack (Marlboro, Camel)

$11.38 CA$16.09

$7.23 €6.43

57.40%

Wine (Bottle)

$10.63 CA$15.03

$7.87 €7.00

35.07%

Local Beer (0.5 liter bottle)

$2.27 CA$3.21

$2.01 €1.79

12.94%

Imported Beer (0.33 liter bottle)

$2.82 CA$3.99

$3.14 €2.79

-10.19%

One-way Ticket (Public Transport)

$2.66 CA$3.76

$1.98 €1.76

34.34%

Public Transport Monthly Pass (Regular Price)

$77.3 CA$109

$42.68 €37.96

81.09%

Taxi Start (Normal Tariff)

$3.20 CA$4.53

$3.63 €3.23

-11.85%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.09

$1.19 €1.06

24.37%

Taxi 1hour Waiting (Normal Tariff)

$32.88 CA$46.48

$31.18 €27.73

5.45%

Gasoline (1 liter)

$1.34 CA$1.90

$2.19 €1.95

-38.81%

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

$28.2K CA$39.8K

$35.9K €32.0K

-21.68%

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

$19.6K CA$27.8K

$34.6K €30.8K

-43.32%

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

$76.0 CA$107

$247 €220

-69.31%

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

$33.95 CA$48.00

$11.81 €10.50

187.47%

Internet (50+ Mbps, Unlimited Data)

$42.31 CA$59.8

$33.28 €29.60

27.13%

Gym Membership (Monthly)

$29.76 CA$42.07

$63.5 €56.5

-53.14%

Tennis Court (1 Hour on Weekend)

$20.28 CA$28.67

$21.46 €19.09

-5.50%

Cinema Ticket

$11.15 CA$15.77

$12.64 €11.24

-11.79%

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

$507 CA$717

$747 €665

-32.12%

International Primary School, 1 Child (Yearly)

$16.1K CA$22.7K

$16.4K €14.6K

-1.88%

Jeans (Levis 501 Or Similar)

$57.6 CA$81.4

$96.1 €85.4

-40.09%

Summer Dress (H&M, Zara, etc)

$37.58 CA$53.1

$39.37 €35.02

-4.55%

Sport Shoes (Adidas, Nike)

$91.9 CA$130

$109 €96.7

-15.43%

Men's Leather Business Shoes

$110 CA$155

$145 €129

-24.31%

1-bedroom Apartment, City Center (Monthly)

$1,260 CA$1,782

$1,588 €1,412

-20.60%

1-bedroom Apartment, Outside City Center (Monthly)

$948 CA$1,340

$1,034 €920

-8.38%

3-bedroom Apartment, City Center (Monthly)

$2,137 CA$3,021

$2,779 €2,472

-23.11%

3-bedroom Apartment, Outside City Center (Monthly)

$1,614 CA$2,281

$1,842 €1,639

-12.40%

Buy Apartment in City Center (m2)

$4,960 CA$7,011

$6,269 €5,576

-20.88%

Buy Apartment Outside City Center (m2)

$3,838 CA$5,425

$3,905 €3,473

-1.71%

Average Monthly Net Salary (After Tax)

$2,827 CA$3,997

$1,980 €1,761

42.79%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

3.16

41.77%

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

Last update for Montreal: October 12, 2026

Last update for Florence: October 13, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$948 47%

Florence

$1K 42.8% 9.1% $87

Groceries & Markets

Montreal

$346 17.2%

Florence

$410 17% 18.3% $63

Eating Out

Montreal

$288 14.3%

Florence

$355 14.7% 23.3% $67

Monthly Utilities & Internet

Montreal

$152 7.5%

Florence

$293 12.1% 92.2% $140

Clothing & Footwear

Montreal

$133 6.6%

Florence

$175 7.2% 31.1% $42

Getting Around

Montreal

$99 4.9%

Florence

$60 2.5% 38.9% $38

Sport & Entertainment

Montreal

$52 2.6%

Florence

$89 3.7% 70.6% $37

Cost Breakdown

A central one-bedroom costs $1,260 in Montreal versus $1,588 in Florence. 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 43% higher in Montreal, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $70.0 in Montreal versus $79.0 in Florence. Monthly groceries follow the same trend: $346 vs $410 – making Montreal the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇮🇹 Florence

🕒 Local time

12:40 12:40 PM

18:40 6:40 PM

6 h ahead of Montreal

🌤 Weather

👥 Population

1,762,949

382,808

💱 Currency

Canadian Dollar CAD $

Euro EUR €

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 17, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to CAD in detail →

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Montreal Florence 6,380 km ≈ 8 h nonstop flight

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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 Florence: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,018 in Montreal, $2,416 in Florence – roughly 20% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,027 per month in Montreal and $3,623 in Florence. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Montreal, 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 $2,416 in Florence. That's a gap of about 20%.

Public transport costs about 81% less in Montreal. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Montreal, where all-in costs run around $2,018, than in Florence at $2,416. In Montreal it covers expenses comfortably, while in Florence it requires careful planning or may not stretch far enough.

It depends on your priorities. Montreal has an edge in some lifestyle areas, with costs from $2,018 in Montreal to $2,416 in Florence. Climate, culture, job market, and personal taste all factor in.

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