Cost of Living Comparison Between Montreal and Hope Cost of Living Comparison Between Montreal and Hope

Monthly Cost of Living

A single person spends $2,085 per month in Montreal vs $2,333 in Hope, rent included.

A couple spends around $3,174 per month in Montreal vs $3,388 in Hope, rent included.

A family of three spends $4,262 per month in Montreal vs $4,444 in Hope, rent included.

Montreal is about 11% cheaper than Hope, driven mainly by Clothing & Footwear.

Both Montreal and Hope sit above the global median – Montreal by 56%, Hope by 75%.

Meal at Budget Restaurant

$16.52 CA$23.24

$14.78 CA$20.79

11.77%

Three-Course Dinner for Two, Mid-Range

$74.0 CA$104

$52.0 CA$73.2

42.32%

Fast Food Meal (McDonalds, etc)

$10.94 CA$15.40

$9.06 CA$12.74

20.75%

Cappuccino

$3.84 CA$5.41

$4.12 CA$5.80

-6.80%

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

$2.14 CA$3.01

$1.46 CA$2.05

46.58%

Water (0.33 liter bottle)

$1.45 CA$2.04

$1.34 CA$1.88

8.21%

Local Beer (0.5 liter draught)

$6.13 CA$8.63

$4.85 CA$6.82

26.39%

Imported Beer (0.33 liter bottle)

$6.73 CA$9.47

$5.45 CA$7.67

23.49%

Milk (1 liter)

$2.35 CA$3.31

$2.23 CA$3.13

5.38%

White Bread (500g)

$3.34 CA$4.69

$2.68 CA$3.77

24.63%

Rice (white) (1kg)

$3.74 CA$5.27

$4.68 CA$6.58

-20.09%

Eggs

$3.39 CA$4.77

$3.26 CA$4.59

3.99%

Local Cheese (1kg)

$16.30 CA$22.93

$12.61 CA$17.74

29.26%

Chicken Fillets (1kg)

$11.81 CA$16.62

$13.54 CA$19.05

-12.78%

Beef Round Steak (1kg)

$15.64 CA$22.01

$20.42 CA$28.74

-23.41%

Apples (1kg)

$3.69 CA$5.20

$4.39 CA$6.18

-15.95%

Banana (1kg)

$1.70 CA$2.39

$1.68 CA$2.37

1.19%

Oranges (1kg)

$4.11 CA$5.79

$4.47 CA$6.28

-8.05%

Tomato (1kg)

$4.41 CA$6.20

$4.26 CA$6.00

3.52%

Potato (1kg)

$2.79 CA$3.93

$2.92 CA$4.11

-4.45%

Onion (1kg)

$2.64 CA$3.72

$4.04 CA$5.68

-34.65%

Lettuce (1 head)

$2.29 CA$3.22

$2.89 CA$4.07

-20.76%

Water (1.5 liter bottle)

$1.78 CA$2.51

$1.88 CA$2.64

-5.32%

Cigarettes 20 Pack (Marlboro, Camel)

$13.17 CA$18.53

$14.89 CA$20.95

-11.55%

Wine (Bottle)

$10.64 CA$14.97

$12.91 CA$18.17

-17.58%

Local Beer (0.5 liter bottle)

$2.99 CA$4.20

$2.42 CA$3.41

23.55%

Imported Beer (0.33 liter bottle)

$3.44 CA$4.83

$2.62 CA$3.69

31.30%

One-way Ticket (Public Transport)

$2.81 CA$3.95

$2.41 CA$3.39

16.60%

Public Transport Monthly Pass (Regular Price)

$72.8 CA$102

$63.8 CA$89.8

14.10%

Taxi Start (Normal Tariff)

$3.52 CA$4.95

$3.30 CA$4.64

6.67%

Taxi (Normal Tariff) (1km)

$1.45 CA$2.05

$1.93 CA$2.72

-24.87%

Taxi 1hour Waiting (Normal Tariff)

$34.29 CA$48.26

$25.91 CA$36.46

32.34%

Gasoline (1 liter)

$1.22 CA$1.72

$1.42 CA$1.99

-14.08%

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

$25.3K CA$35.5K

$25.2K CA$35.4K

0.25%

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

$22.1K CA$31.1K

$20.1K CA$28.2K

10.27%

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

$76.5 CA$108

$133 CA$187

-42.42%

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

$35.60 CA$50.1

$44.32 CA$62.4

-19.68%

Internet (50+ Mbps, Unlimited Data)

$42.96 CA$60.5

$54.8 CA$77.0

-21.53%

Gym Membership (Monthly)

$43.39 CA$61.1

$41.47 CA$58.4

4.63%

Tennis Court (1 Hour on Weekend)

$16.83 CA$23.68

Cinema Ticket

$11.09 CA$15.60

$16.36 CA$23.02

-32.21%

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

$625 CA$879

$710 CA$1,000

-12.08%

International Primary School, 1 Child (Yearly)

$5,896 CA$8,296

$11.9K CA$16.8K

-50.60%

Jeans (Levis 501 Or Similar)

$63.1 CA$88.8

$54.2 CA$76.3

16.44%

Summer Dress (H&M, Zara, etc)

$44.50 CA$62.6

$47.56 CA$66.9

-6.43%

Sport Shoes (Adidas, Nike)

$103 CA$145

$73.3 CA$103

40.25%

Men's Leather Business Shoes

$118 CA$166

$73.1 CA$103

61.72%

1-bedroom Apartment, City Center (Monthly)

$1,207 CA$1,699

$1,337 CA$1,882

-9.75%

1-bedroom Apartment, Outside City Center (Monthly)

$965 CA$1,358

$1,177 CA$1,656

-17.97%

3-bedroom Apartment, City Center (Monthly)

$2,031 CA$2,858

$2,031 CA$2,857

0.03%

3-bedroom Apartment, Outside City Center (Monthly)

$1,577 CA$2,219

$1,816 CA$2,555

-13.15%

Buy Apartment in City Center (m2)

$5,085 CA$7,155

$4,264 CA$6,000

19.25%

Buy Apartment Outside City Center (m2)

$3,783 CA$5,324

$3,575 CA$5,030

5.84%

Average Monthly Net Salary (After Tax)

$2,890 CA$4,066

$2,936 CA$4,131

-1.58%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.01

5.8

-13.62%

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

Last update for Montreal: July 11, 2026

Last update for Hope: July 13, 2026

Cost Breakdown

A central one-bedroom costs $1,207 in Montreal versus $1,337 in Hope. 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 2% higher in Hope, 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 $74.0 in Montreal versus $52.0 in Hope. Groceries tell a different story – $395 in Montreal vs $413 in Hope – so Montreal wins on supermarket bills even if dining out costs more.

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 Hope: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,085 in Montreal, $2,333 in Hope – roughly 12% apart. Hope costs more across the board, with Clothing & Footwear showing the biggest gap.

For a comfortable life, plan on about $3,127 per month in Montreal and $3,499 in Hope. 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.

A mid-range dinner for two costs $74.0 in Montreal and $52.0 in Hope. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,085 in Montreal and $2,333 in Hope. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Montreal, where all-in costs run around $2,085, than in Hope at $2,333. In Montreal it covers expenses comfortably, while in Hope 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 $2,085 in Montreal to $2,333 in Hope. 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, Hope makes more sense. Both are solid long-term options with distinct trade-offs.