Cost of Living Comparison Between Montreal and Peterborough Cost of Living Comparison Between Montreal and Peterborough

Monthly Cost of Living

A single person spends $2,042 per month in Montreal vs $2,277 in Peterborough, rent included.

A couple spends around $3,163 per month in Montreal vs $3,258 in Peterborough, rent included.

A family of three spends $4,284 per month in Montreal vs $4,238 in Peterborough, rent included.

Montreal is about 10% cheaper than Peterborough, driven mainly by Eating Out.

Both Montreal and Peterborough sit above the global median – Montreal by 49%, Peterborough by 66%.

Meal at Budget Restaurant

$18.22 CA$25.49

$13.41 CA$18.76

35.87%

Three-Course Dinner for Two, Mid-Range

$70.6 CA$98.8

$72.4 CA$101

-2.42%

Fast Food Meal (McDonalds, etc)

$10.89 CA$15.23

$10.69 CA$14.95

1.87%

Cappuccino

$3.92 CA$5.49

$3.71 CA$5.18

5.66%

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

$1.97 CA$2.76

$1.80 CA$2.52

9.44%

Water (0.33 liter bottle)

$1.59 CA$2.23

$1.46 CA$2.04

8.90%

Local Beer (0.5 liter draught)

$6.52 CA$9.12

$5.88 CA$8.23

10.88%

Imported Beer (0.33 liter bottle)

$7.24 CA$10.13

$5.69 CA$7.95

27.24%

Milk (1 liter)

$2.29 CA$3.20

$2.58 CA$3.61

-11.24%

White Bread (500g)

$3.11 CA$4.35

$2.39 CA$3.34

30.13%

Rice (white) (1kg)

$3.03 CA$4.24

$2.48 CA$3.46

22.18%

Eggs

$3.59 CA$5.03

$3.24 CA$4.53

10.80%

Local Cheese (1kg)

$14.29 CA$19.99

$11.36 CA$15.90

25.79%

Chicken Fillets (1kg)

$11.39 CA$15.93

$11.43 CA$15.99

-0.35%

Beef Round Steak (1kg)

$14.56 CA$20.37

$13.85 CA$19.38

5.13%

Apples (1kg)

$3.44 CA$4.81

$3.35 CA$4.69

2.69%

Banana (1kg)

$1.53 CA$2.14

$1.46 CA$2.04

4.79%

Oranges (1kg)

$3.20 CA$4.48

$3.39 CA$4.75

-5.60%

Tomato (1kg)

$2.89 CA$4.04

$4.12 CA$5.76

-29.85%

Potato (1kg)

$1.91 CA$2.67

$1.89 CA$2.64

1.06%

Onion (1kg)

$1.80 CA$2.52

$2.30 CA$3.21

-21.74%

Lettuce (1 head)

$2.56 CA$3.58

$2.29 CA$3.20

11.79%

Water (1.5 liter bottle)

$1.50 CA$2.10

Cigarettes 20 Pack (Marlboro, Camel)

$11.68 CA$16.35

$11.43 CA$15.99

2.19%

Wine (Bottle)

$10.62 CA$14.85

$13.13 CA$18.37

-19.12%

Local Beer (0.5 liter bottle)

$2.37 CA$3.32

$2.34 CA$3.27

1.28%

Imported Beer (0.33 liter bottle)

$3.03 CA$4.24

$1.58 CA$2.20

91.77%

One-way Ticket (Public Transport)

$2.72 CA$3.80

$2.40 CA$3.36

13.33%

Public Transport Monthly Pass (Regular Price)

$74.2 CA$104

$46.75 CA$65.4

58.78%

Taxi Start (Normal Tariff)

$3.19 CA$4.47

$3.11 CA$4.35

2.57%

Taxi (Normal Tariff) (1km)

$1.45 CA$2.03

$1.25 CA$1.75

16.00%

Taxi 1hour Waiting (Normal Tariff)

$33.52 CA$46.90

$21.52 CA$30.11

55.76%

Gasoline (1 liter)

$1.31 CA$1.83

$1.13 CA$1.58

15.93%

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

$28.7K CA$40.1K

$28.6K CA$40.0K

0.30%

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

$20.4K CA$28.5K

$19.7K CA$27.5K

3.55%

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

$78.2 CA$109

$144 CA$201

-45.53%

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

$35.53 CA$49.70

$35.09 CA$49.09

1.25%

Internet (50+ Mbps, Unlimited Data)

$43.37 CA$60.7

$46.90 CA$65.6

-7.53%

Gym Membership (Monthly)

$30.84 CA$43.14

$45.78 CA$64.1

-32.63%

Tennis Court (1 Hour on Weekend)

$19.99 CA$27.97

$14.43 CA$20.18

38.53%

Cinema Ticket

$11.58 CA$16.20

$11.64 CA$16.29

-0.52%

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

$552 CA$772

$354 CA$495

55.95%

International Primary School, 1 Child (Yearly)

$16.5K CA$23.1K

$10.7K CA$15.0K

53.58%

Jeans (Levis 501 Or Similar)

$55.4 CA$77.5

$42.75 CA$59.8

29.57%

Summer Dress (H&M, Zara, etc)

$38.30 CA$53.6

$39.24 CA$54.9

-2.40%

Sport Shoes (Adidas, Nike)

$99.0 CA$138

$86.7 CA$121

14.10%

Men's Leather Business Shoes

$104 CA$146

$74.6 CA$104

39.95%

1-bedroom Apartment, City Center (Monthly)

$1,234 CA$1,726

$1,414 CA$1,977

-12.73%

1-bedroom Apartment, Outside City Center (Monthly)

$990 CA$1,385

$1,235 CA$1,727

-19.81%

3-bedroom Apartment, City Center (Monthly)

$2,171 CA$3,037

$2,085 CA$2,916

4.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,636 CA$2,289

$1,833 CA$2,564

-10.75%

Buy Apartment in City Center (m2)

$5,129 CA$7,176

$6,705 CA$9,379

-23.49%

Buy Apartment Outside City Center (m2)

$3,724 CA$5,209

$6,380 CA$8,924

-41.63%

Average Monthly Net Salary (After Tax)

$3,059 CA$4,279

$2,990 CA$4,183

2.30%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

4.51

-1.55%

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

Last update for Montreal: September 13, 2026

Last update for Peterborough: September 13, 2026

Cost Breakdown

A central one-bedroom costs $1,234 in Montreal versus $1,414 in Peterborough. 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 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 $71.0 in Montreal versus $72.0 in Peterborough. Groceries tell a different story – $354 in Montreal vs $344 in Peterborough – so Peterborough 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 Peterborough: Cost of Living - Frequently Asked Questions

Peterborough costs about 12% more than Montreal, with the gap driven mainly by 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 $3,063 per month in Montreal and $3,415 in Peterborough. 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 3% cheaper in Peterborough – 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 $71.0 in Montreal and $72.0 in Peterborough. 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 $2,042, than in Peterborough at $2,277. In Montreal it covers expenses comfortably, while in Peterborough it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Montreal costs $2,042 versus $2,277 in Peterborough. 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, Peterborough makes more sense. Both are solid long-term options with distinct trade-offs.