Last update: Nov 2026

Cost of Living Comparison Between Montreal and Isla de Margarita

For one person, living is cheaper in Isla de Margarita: $654 a month against $2,067 in Montreal, rent and utilities included – about $17,000 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

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Montreal

🇨🇦 Canada

$2,067

/mo nomad

Isla de Margarita

🇻🇪 Venezuela

$654

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Isla de Margarita

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 Isla de Margarita actually costs, broken down by who's living it.

A single person spends $2,067 per month in Montreal vs $654 in Isla de Margarita, rent included.

Montreal $2,067
Isla de Margarita $654

A couple spends around $3,179 per month in Montreal vs $1,221 in Isla de Margarita, rent included.

Montreal $3,179
Isla de Margarita $1,221

A family of three spends $4,291 per month in Montreal vs $1,788 in Isla de Margarita, rent included.

Montreal $4,291
Isla de Margarita $1,788

Montreal costs about 216% more than Isla de Margarita, and outside of rent the biggest gap is in eating out.

Montreal sits 53% above the global median, while Isla de Margarita is 52% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$18.89 CA$26.57

$9.83 VES 8,778

92.17%

Three-Course Dinner for Two, Mid-Range

$72.6 CA$102

$81.0 VES 72.3K

-10.41%

Fast Food Meal (McDonalds, etc)

$10.79 CA$15.18

Cappuccino

$3.98 CA$5.60

$2.55 VES 2,279

56.08%

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

$2.02 CA$2.84

$0.98 VES 875

106.12%

Water (0.33 liter bottle)

$1.63 CA$2.29

$1.47 VES 1,317

10.88%

Local Beer (0.5 liter draught)

$6.32 CA$8.89

$0.98 VES 876

544.90%

Imported Beer (0.33 liter bottle)

$7.06 CA$9.93

$3.04 VES 2,715

132.24%

Milk (1 liter)

$2.33 CA$3.28

$1.96 VES 1,746

18.88%

White Bread (500g)

$3.25 CA$4.57

$2.96 VES 2,640

9.80%

Rice (white) (1kg)

$3.26 CA$4.59

$2.05 VES 1,834

59.02%

Eggs

$3.48 CA$4.89

$2.45 VES 2,184

42.04%

Local Cheese (1kg)

$13.73 CA$19.31

$7.93 VES 7,078

73.14%

Chicken Fillets (1kg)

$11.48 CA$16.14

$8.21 VES 7,326

39.83%

Beef Round Steak (1kg)

$14.26 CA$20.05

$8.05 VES 7,186

77.14%

Apples (1kg)

$3.52 CA$4.95

$4.11 VES 3,669

-14.36%

Banana (1kg)

$1.46 CA$2.05

$1.51 VES 1,350

-3.31%

Oranges (1kg)

$3.41 CA$4.80

$1.99 VES 1,775

71.36%

Tomato (1kg)

$3.20 CA$4.50

$2.55 VES 2,276

25.49%

Potato (1kg)

$1.94 CA$2.72

$1.46 VES 1,304

32.88%

Onion (1kg)

$1.78 CA$2.50

$1.78 VES 1,593

Lettuce (1 head)

$2.52 CA$3.54

$1.02 VES 908

147.06%

Water (1.5 liter bottle)

$1.58 CA$2.22

Cigarettes 20 Pack (Marlboro, Camel)

$11.51 CA$16.18

Wine (Bottle)

$10.57 CA$14.87

$4.98 VES 4,445

112.25%

Local Beer (0.5 liter bottle)

$2.35 CA$3.30

$0.97 VES 868

142.27%

Imported Beer (0.33 liter bottle)

$2.90 CA$4.07

$1.54 VES 1,372

88.31%

One-way Ticket (Public Transport)

$2.61 CA$3.68

Public Transport Monthly Pass (Regular Price)

$78.5 CA$110

Taxi Start (Normal Tariff)

$3.17 CA$4.46

$2.92 VES 2,610

8.56%

Taxi (Normal Tariff) (1km)

$1.49 CA$2.10

$2.97 VES 2,648

-49.83%

Taxi 1hour Waiting (Normal Tariff)

$33.49 CA$47.10

Gasoline (1 liter)

$1.36 CA$1.92

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

$28.0K CA$39.4K

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

$21.1K CA$29.7K

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

$77.6 CA$109

$29.62 VES 26.4K

161.92%

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

$35.63 CA$50.1

$14.73 VES 13.1K

141.89%

Internet (50+ Mbps, Unlimited Data)

$43.73 CA$61.5

$40.41 VES 36.1K

8.22%

Gym Membership (Monthly)

$30.07 CA$42.29

$49.69 VES 44.4K

-39.48%

Tennis Court (1 Hour on Weekend)

$19.97 CA$28.08

$15.05 VES 13.4K

32.69%

Cinema Ticket

$11.27 CA$15.85

$4.99 VES 4,450

125.85%

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

$522 CA$734

International Primary School, 1 Child (Yearly)

$17.8K CA$25.0K

Jeans (Levis 501 Or Similar)

$59.0 CA$82.9

$78.7 VES 70.3K

-25.11%

Summer Dress (H&M, Zara, etc)

$39.01 CA$54.9

Sport Shoes (Adidas, Nike)

$99.8 CA$140

$101 VES 90.2K

-1.22%

Men's Leather Business Shoes

$110 CA$154

$99.8 VES 89.1K

9.91%

1-bedroom Apartment, City Center (Monthly)

$1,298 CA$1,826

$296 VES 264.0K

339.08%

1-bedroom Apartment, Outside City Center (Monthly)

$970 CA$1,365

3-bedroom Apartment, City Center (Monthly)

$2,323 CA$3,267

$508 VES 453.9K

356.95%

3-bedroom Apartment, Outside City Center (Monthly)

$1,689 CA$2,376

Buy Apartment in City Center (m2)

$5,004 CA$7,037

$605 VES 540.3K

726.69%

Buy Apartment Outside City Center (m2)

$3,736 CA$5,255

Average Monthly Net Salary (After Tax)

$2,943 CA$4,139

20-Year Fixed Mortgage Interest Rate (Annual %)

4.51

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

Last update for Montreal: November 3, 2026

Last update for Isla de Margarita: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$970 47%

Isla de Margarita

–

Groceries & Markets

Montreal

$357 17.3%

Isla de Margarita

–

Eating Out

Montreal

$292 14.1%

Isla de Margarita

–

Monthly Utilities & Internet

Montreal

$157 7.6%

Isla de Margarita

–

Clothing & Footwear

Montreal

$138 6.7%

Isla de Margarita

–

Getting Around

Montreal

$100 4.8%

Isla de Margarita

–

Sport & Entertainment

Montreal

$53 2.6%

Isla de Margarita

–

Cost Breakdown

A central one-bedroom costs $1,298 in Montreal versus $296 in Isla de Margarita. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $73 in Montreal versus $81 in Isla de Margarita. Groceries tell a different story – $357 in Montreal vs $236 in Isla de Margarita – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Montreal

🇻🇪 Isla de Margarita

🕒 Local time

17:58 5:58 PM

18:58 6:58 PM

1 h ahead of Montreal

🌤 Weather

👥 Population

1,762,949

90,387

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

1,000 VES = 1.12 USD

1,000 VES = 1 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 = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.57 CAD (1 CAD = 0.636 EUR).

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 998 VES (1,000 VES = 1 EUR).

USD to CAD in detail →

On the map

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Montreal Isla de Margarita 3,940 km ≈ 5 h nonstop flight

From you

Montreal
Isla de Margarita

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 Isla de Margarita: Cost of Living - Frequently Asked Questions

Yes – Montreal is pricier by about 216%, 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 $982 in Isla de Margarita. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Isla de Margarita, especially for central apartments: a one-bedroom in the center costs $296 there versus $1,298 in Montreal.

Groceries cost about 51% more in Montreal, though the gap depends on what you buy.

A mid-range dinner for two costs $73 in Montreal and $81 in Isla de Margarita. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,000 monthly budget goes further in Isla de Margarita, where all-in costs run around $654, than in Montreal at $2,067. In Isla de Margarita it covers expenses comfortably, while in Montreal 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 $654 in Isla de Margarita to $2,067 in Montreal. Climate, culture, job market, and personal taste all factor in.