Last update: Oct 2026

Cost of Living Comparison Between Montreal and Peace River, AB

For one person, living is cheaper in Montreal: $2,059 a month against $2,231 in Peace River, AB, rent and utilities included – about $2,100 less a year. Higher rent and utilities in Peace River, AB outweigh lower spending on other living expenses.

99

Cost of Living Index in Montreal
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Montreal Living Index
108

Cost of Living Index in Peace River, AB
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Peace River, AB Living Index

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Montreal

🇨🇦 Canada

$2,059

/mo nomad

Peace River, AB

🇨🇦 Canada

$2,231

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Peace River, AB

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 Peace River, AB actually costs, broken down by who's living it.

A single person spends $2,059 per month in Montreal vs $2,231 in Peace River, AB, rent included.

Montreal $2,059
Peace River, AB $2,231

A couple spends around $3,123 per month in Montreal vs $3,200 in Peace River, AB, rent included.

Montreal $3,123
Peace River, AB $3,200

A family of three spends $4,187 per month in Montreal vs $4,170 in Peace River, AB, rent included.

Montreal $4,187
Peace River, AB $4,170

Montreal is about 8% cheaper than Peace River, AB, and outside of rent the biggest gap is in eating out.

Both Montreal and Peace River, AB sit above the global median – Montreal by 52%, Peace River, AB by 65%.

Meal at Budget Restaurant

$18.84 CA$26.63

$17.69 CA$25.01

6.50%

Three-Course Dinner for Two, Mid-Range

$73.2 CA$104

$64.9 CA$91.8

12.77%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.90

$10.32 CA$14.60

2.13%

Cappuccino

$3.97 CA$5.61

$3.62 CA$5.12

9.67%

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

$1.94 CA$2.74

$1.99 CA$2.82

-2.51%

Water (0.33 liter bottle)

$1.57 CA$2.22

$1.62 CA$2.29

-3.09%

Local Beer (0.5 liter draught)

$6.42 CA$9.08

$5.09 CA$7.20

26.13%

Imported Beer (0.33 liter bottle)

$7.20 CA$10.19

$5.49 CA$7.76

31.15%

Milk (1 liter)

$2.32 CA$3.28

$2.00 CA$2.82

16.00%

White Bread (500g)

$3.19 CA$4.51

$2.42 CA$3.42

31.82%

Rice (white) (1kg)

$3.19 CA$4.50

$3.23 CA$4.56

-1.24%

Eggs

$3.68 CA$5.20

$3.31 CA$4.68

11.18%

Local Cheese (1kg)

$13.24 CA$18.72

$9.65 CA$13.64

37.20%

Chicken Fillets (1kg)

$11.69 CA$16.53

$11.55 CA$16.33

1.21%

Beef Round Steak (1kg)

$13.98 CA$19.76

$14.39 CA$20.34

-2.85%

Apples (1kg)

$3.14 CA$4.44

$3.68 CA$5.21

-14.67%

Banana (1kg)

$1.45 CA$2.05

$1.27 CA$1.80

14.17%

Oranges (1kg)

$3.38 CA$4.78

$3.58 CA$5.06

-5.59%

Tomato (1kg)

$3.11 CA$4.40

$3.72 CA$5.26

-16.40%

Potato (1kg)

$1.93 CA$2.72

$2.49 CA$3.52

-22.49%

Onion (1kg)

$1.83 CA$2.58

$2.24 CA$3.16

-18.30%

Lettuce (1 head)

$2.36 CA$3.34

$2.44 CA$3.45

-3.28%

Water (1.5 liter bottle)

$1.50 CA$2.12

$1.56 CA$2.20

-3.85%

Cigarettes 20 Pack (Marlboro, Camel)

$11.12 CA$15.73

$14.27 CA$20.18

-22.07%

Wine (Bottle)

$10.60 CA$14.98

$12.53 CA$17.71

-15.40%

Local Beer (0.5 liter bottle)

$2.22 CA$3.14

$2.65 CA$3.74

-16.23%

Imported Beer (0.33 liter bottle)

$2.84 CA$4.01

$3.07 CA$4.34

-7.49%

One-way Ticket (Public Transport)

$2.62 CA$3.71

$2.24 CA$3.16

16.96%

Public Transport Monthly Pass (Regular Price)

$79.1 CA$112

$61.0 CA$86.2

29.74%

Taxi Start (Normal Tariff)

$3.23 CA$4.56

$2.91 CA$4.12

11.00%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.10

$1.45 CA$2.05

2.07%

Taxi 1hour Waiting (Normal Tariff)

$32.22 CA$45.55

$23.35 CA$33.02

37.99%

Gasoline (1 liter)

$1.36 CA$1.92

$1.19 CA$1.69

14.29%

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

$27.6K CA$39.1K

$27.6K CA$39.0K

0.17%

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

$21.2K CA$30.0K

$19.0K CA$26.8K

11.58%

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

$77.0 CA$109

$133 CA$189

-42.23%

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

$34.14 CA$48.26

$38.05 CA$53.8

-10.28%

Internet (50+ Mbps, Unlimited Data)

$42.19 CA$59.7

$54.0 CA$76.3

-21.84%

Gym Membership (Monthly)

$30.81 CA$43.56

$40.24 CA$56.9

-23.43%

Tennis Court (1 Hour on Weekend)

$19.66 CA$27.79

$17.79 CA$25.15

10.51%

Cinema Ticket

$11.47 CA$16.22

$11.24 CA$15.89

2.05%

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

$506 CA$716

$742 CA$1,048

-31.75%

International Primary School, 1 Child (Yearly)

$16.2K CA$23.0K

$12.9K CA$18.3K

25.70%

Jeans (Levis 501 Or Similar)

$57.3 CA$81.0

$52.9 CA$74.7

8.32%

Summer Dress (H&M, Zara, etc)

$38.10 CA$53.9

$37.26 CA$52.7

2.25%

Sport Shoes (Adidas, Nike)

$91.9 CA$130

$82.7 CA$117

11.14%

Men's Leather Business Shoes

$110 CA$155

$100 CA$142

9.53%

1-bedroom Apartment, City Center (Monthly)

$1,237 CA$1,748

$1,219 CA$1,724

1.43%

1-bedroom Apartment, Outside City Center (Monthly)

$977 CA$1,381

$1,129 CA$1,596

-13.50%

3-bedroom Apartment, City Center (Monthly)

$2,180 CA$3,082

$1,968 CA$2,782

10.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,608 CA$2,273

$1,674 CA$2,366

-3.92%

Buy Apartment in City Center (m2)

$5,113 CA$7,228

$4,216 CA$5,959

21.29%

Buy Apartment Outside City Center (m2)

$3,744 CA$5,293

$3,627 CA$5,128

3.23%

Average Monthly Net Salary (After Tax)

$2,957 CA$4,180

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

4.66

-3.86%

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

Last update for Montreal: October 20, 2026

Last update for Peace River, AB: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$977 47.4%

Peace River, AB

$1.1K 50.6% 15.6% $152

Groceries & Markets

Montreal

$351 17.1%

Peace River, AB

$344 15.4% 2% $7

Eating Out

Montreal

$290 14.1%

Peace River, AB

$267 12% 8.1% $24

Monthly Utilities & Internet

Montreal

$153 7.5%

Peace River, AB

$225 10.1% 46.9% $72

Clothing & Footwear

Montreal

$134 6.5%

Peace River, AB

$123 5.5% 8.1% $11

Getting Around

Montreal

$100 4.9%

Peace River, AB

$80 3.6% 20.1% $20

Sport & Entertainment

Montreal

$54 2.6%

Peace River, AB

$63 2.8% 16.7% $9

Cost Breakdown

A central one-bedroom costs $1,237 in Montreal versus $1,219 in Peace River, AB. 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 $73.0 in Montreal versus $65.0 in Peace River, AB. Monthly groceries follow the same trend: $351 vs $344 – making Peace River, AB the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇦 Peace River, AB

🕒 Local time

11:04 11:04 AM

09:04 9:04 AM

2 h behind Montreal

🌤 Weather

👥 Population

1,762,949

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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Montreal Peace River, AB 3,230 km ≈ 4 h 30 min nonstop flight

From you

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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 Peace River, AB: Cost of Living - Frequently Asked Questions

Peace River, AB costs about 8% more than Montreal, 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 $3,089 per month in Montreal and $3,347 in Peace River, AB. 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.

Interestingly, groceries are about 2% cheaper in Peace River, AB – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A mid-range dinner for two costs $73.0 in Montreal and $65.0 in Peace River, AB. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Montreal, where all-in costs run around $2,059, than in Peace River, AB at $2,231. In Montreal it covers expenses comfortably, while in Peace River, AB it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Montreal costs $2,059 versus $2,231 in Peace River, AB. 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 Montreal. If higher salaries, better infrastructure, or specific career opportunities are the priority, Peace River, AB makes more sense. Both are solid long-term options with distinct trade-offs.