Last update: Oct 2026

Cost of Living Comparison Between Montreal and Florencia

For one person, living is cheaper in Florencia: $1,285 a month against $2,018 in Montreal, rent and utilities included – about $8,800 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
63

Cost of Living Index in Florencia
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Florencia Living Index

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Montreal

🇨🇦 Canada

$2,018

/mo nomad

Florencia

🇨🇴 Colombia

$1,285

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Florencia

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

Monthly costs for one person with rent: $2,018 in Montreal versus $1,285 in Florencia.

Montreal $2,018
Florencia $1,285

Estimated couple costs with rent: $3,085 in Montreal versus $1,953 in Florencia.

Montreal $3,085
Florencia $1,953

Monthly costs for a family of three with rent: $4,152 in Montreal versus $2,622 in Florencia.

Montreal $4,152
Florencia $2,622

Living in Montreal is roughly 57% more expensive than in Florencia, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Montreal is 49% above, Florencia is 5% below.

Meal at Budget Restaurant

$18.82 CA$26.61

$7.35 COP 23.3K

156.05%

Three-Course Dinner for Two, Mid-Range

$70.3 CA$99.4

$45.53 COP 144.3K

54.38%

Fast Food Meal (McDonalds, etc)

$10.66 CA$15.06

$9.97 COP 31.6K

6.92%

Cappuccino

$3.84 CA$5.43

$2.48 COP 7,869

54.84%

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

$1.92 CA$2.71

$1.22 COP 3,884

57.38%

Water (0.33 liter bottle)

$1.54 CA$2.18

$1.06 COP 3,371

45.28%

Local Beer (0.5 liter draught)

$6.23 CA$8.81

$2.86 COP 9,067

117.83%

Imported Beer (0.33 liter bottle)

$7.10 CA$10.03

$3.47 COP 11.0K

104.61%

Milk (1 liter)

$2.31 CA$3.27

$1.68 COP 5,318

37.50%

White Bread (500g)

$3.14 CA$4.44

$2.16 COP 6,856

45.37%

Rice (white) (1kg)

$3.21 CA$4.54

$1.67 COP 5,285

92.22%

Eggs

$3.52 CA$4.97

$2.88 COP 9,118

22.22%

Local Cheese (1kg)

$12.81 CA$18.11

$7.26 COP 23.0K

76.45%

Chicken Fillets (1kg)

$11.46 CA$16.20

$8.36 COP 26.5K

37.08%

Beef Round Steak (1kg)

$13.39 CA$18.92

$12.89 COP 40.9K

3.88%

Apples (1kg)

$3.14 CA$4.43

$3.25 COP 10.3K

-3.38%

Banana (1kg)

$1.44 CA$2.03

$1.31 COP 4,147

9.92%

Oranges (1kg)

$3.47 CA$4.91

$1.84 COP 5,821

88.59%

Tomato (1kg)

$3.07 CA$4.34

$1.55 COP 4,926

98.06%

Potato (1kg)

$1.90 CA$2.69

$1.50 COP 4,742

26.67%

Onion (1kg)

$1.77 CA$2.50

$1.61 COP 5,099

9.94%

Lettuce (1 head)

$2.34 CA$3.31

$1.03 COP 3,270

127.18%

Water (1.5 liter bottle)

$1.55 CA$2.19

$1.15 COP 3,650

34.78%

Cigarettes 20 Pack (Marlboro, Camel)

$11.38 CA$16.09

$3.86 COP 12.2K

194.82%

Wine (Bottle)

$10.63 CA$15.03

$14.50 COP 46.0K

-26.69%

Local Beer (0.5 liter bottle)

$2.27 CA$3.21

$1.63 COP 5,182

39.26%

Imported Beer (0.33 liter bottle)

$2.82 CA$3.99

$2.57 COP 8,145

9.73%

One-way Ticket (Public Transport)

$2.66 CA$3.76

$1.00 COP 3,185

166.00%

Public Transport Monthly Pass (Regular Price)

$77.3 CA$109

Taxi Start (Normal Tariff)

$3.20 CA$4.53

$1.72 COP 5,459

86.05%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.09

$2.32 COP 7,357

-36.21%

Taxi 1hour Waiting (Normal Tariff)

$32.88 CA$46.48

$7.56 COP 24.0K

334.92%

Gasoline (1 liter)

$1.34 CA$1.90

$1.16 COP 3,692

15.52%

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

$28.2K CA$39.8K

$28.2K COP 89.4M

-0.13%

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

$19.6K CA$27.8K

$33.6K COP 106.6M

-41.60%

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

$76.0 CA$107

$113 COP 359.7K

-33.05%

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

$33.95 CA$48.00

$13.23 COP 42.0K

156.61%

Internet (50+ Mbps, Unlimited Data)

$42.31 CA$59.8

$26.26 COP 83.3K

61.12%

Gym Membership (Monthly)

$29.76 CA$42.07

$39.05 COP 123.8K

-23.79%

Tennis Court (1 Hour on Weekend)

$20.28 CA$28.67

Cinema Ticket

$11.15 CA$15.77

$5.99 COP 19.0K

86.14%

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

$507 CA$717

$639 COP 2.0M

-20.64%

International Primary School, 1 Child (Yearly)

$16.1K CA$22.7K

$8,649 COP 27.4M

85.57%

Jeans (Levis 501 Or Similar)

$57.6 CA$81.4

$72.4 COP 229.6K

-20.51%

Summer Dress (H&M, Zara, etc)

$37.58 CA$53.1

$52.8 COP 167.5K

-28.84%

Sport Shoes (Adidas, Nike)

$91.9 CA$130

$134 COP 423.3K

-31.16%

Men's Leather Business Shoes

$110 CA$155

$94.8 COP 300.5K

15.62%

1-bedroom Apartment, City Center (Monthly)

$1,260 CA$1,782

$678 COP 2.2M

85.84%

1-bedroom Apartment, Outside City Center (Monthly)

$948 CA$1,340

$490 COP 1.6M

93.44%

3-bedroom Apartment, City Center (Monthly)

$2,137 CA$3,021

$1,083 COP 3.4M

97.36%

3-bedroom Apartment, Outside City Center (Monthly)

$1,614 CA$2,281

$836 COP 2.6M

93.13%

Buy Apartment in City Center (m2)

$4,960 CA$7,011

$1,884 COP 6.0M

163.31%

Buy Apartment Outside City Center (m2)

$3,838 CA$5,425

$1,470 COP 4.7M

161.08%

Average Monthly Net Salary (After Tax)

$2,827 CA$3,997

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

11.58

-61.31%

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

Last update for Montreal: October 12, 2026

Last update for Florencia: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$948 47%

Florencia

$490 38.1% 48.3% $458

Groceries & Markets

Montreal

$346 17.2%

Florencia

$266 20.7% 23.2% $80

Eating Out

Montreal

$288 14.3%

Florencia

$149 11.6% 48.3% $139

Monthly Utilities & Internet

Montreal

$152 7.5%

Florencia

$153 11.9% 0.5% $0.7

Clothing & Footwear

Montreal

$133 6.6%

Florencia

$159 12.4% 19.2% $26

Getting Around

Montreal

$99 4.9%

Florencia

$17 * 1.4% 82.4% $81

Sport & Entertainment

Montreal

$52 2.6%

Florencia

$51 4% 2% $1

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,260 in Montreal and $678 in Florencia. Housing cost is often the main lever when comparing two cities.

Dining out: $70.0 in Montreal vs $46.00 in Florencia for a mid-range dinner for two. Groceries echo the gap at $346 vs $266 per month, with Florencia cheaper across the board.

Good to know

🇨🇦 Montreal

🇨🇴 Florencia

🕒 Local time

15:20 3:20 PM

14:20 2:20 PM

1 h behind Montreal

🌤 Weather

👥 Population

1,762,949

168,346

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

10,000 COP = 3.15 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 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Colombian Peso exchange rates as of October 19, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

USD to CAD in detail →

On the map

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Between locations

Montreal Florencia 4,880 km ≈ 7 h nonstop flight

From you

Montreal
Florencia

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 Florencia: Cost of Living - Frequently Asked Questions

Montreal and Florencia differ by about 57% in total monthly costs ($2,018 vs $1,285 including rent). Florencia is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $3,027 in Montreal and $1,928 in Florencia to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,260 in Montreal versus $678 in Florencia. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $507 in Montreal versus $639 in Florencia. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Florencia – a meal for two runs $46.00 versus $70.0 in Montreal. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,285 in Florencia versus $2,018 in Montreal, a $2,000 budget is realistic in Florencia but tight or insufficient in Montreal. The gap between the two cities makes Florencia the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

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

Expats usually find Florencia gentler on the wallet – expenses run 57% less than in Montreal. Beyond cost, consider language, visa policies, and how big the international community is in each city.