Last update: Nov 2026

Cost of Living Comparison Between Montreal and Peterborough, Canada

Name: Peterborough
Address: Peterborough, CA

For one person, living costs are similar in Montreal and in Peterborough: $2,067 and $2,107 a month, rent and utilities included.

100

Cost of Living Index in Montreal
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Montreal Living Index
101

Cost of Living Index in Peterborough
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Peterborough Living Index

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Montreal

🇨🇦 Canada

$2,067

/mo nomad

Peterborough

🇨🇦 Canada

$2,107

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Peterborough

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

A single person spends $2,067 per month in Montreal vs $2,107 in Peterborough, rent included.

Montreal $2,067
Peterborough $2,107

A couple spends around $3,179 per month in Montreal vs $3,050 in Peterborough, rent included.

Montreal $3,179
Peterborough $3,050

A family of three spends $4,291 per month in Montreal vs $3,993 in Peterborough, rent included.

Montreal $4,291
Peterborough $3,993

Montreal and Peterborough have comparable living costs – the differences are in the details.

Both Montreal and Peterborough sit above the global median – Montreal by 53%, Peterborough by 56%.

Meal at Budget Restaurant

$18.89 CA$26.36

$11.60 CA$16.19

62.84%

Three-Course Dinner for Two, Mid-Range

$72.6 CA$101

$72.0 CA$101

0.72%

Fast Food Meal (McDonalds, etc)

$10.79 CA$15.06

$10.75 CA$15.00

0.37%

Cappuccino

$3.98 CA$5.55

$3.83 CA$5.35

3.92%

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

$2.02 CA$2.81

$1.81 CA$2.52

11.60%

Water (0.33 liter bottle)

$1.63 CA$2.28

$1.47 CA$2.05

10.88%

Local Beer (0.5 liter draught)

$6.32 CA$8.82

$5.28 CA$7.37

19.70%

Imported Beer (0.33 liter bottle)

$7.06 CA$9.85

$5.82 CA$8.12

21.31%

Milk (1 liter)

$2.33 CA$3.26

$2.59 CA$3.61

-10.04%

White Bread (500g)

$3.25 CA$4.53

$2.45 CA$3.42

32.65%

Rice (white) (1kg)

$3.26 CA$4.55

$2.48 CA$3.47

31.45%

Eggs

$3.48 CA$4.85

$3.26 CA$4.55

6.75%

Local Cheese (1kg)

$13.73 CA$19.16

$10.86 CA$15.16

26.43%

Chicken Fillets (1kg)

$11.48 CA$16.01

$11.11 CA$15.51

3.33%

Beef Round Steak (1kg)

$14.26 CA$19.90

$12.80 CA$17.87

11.41%

Apples (1kg)

$3.52 CA$4.91

$3.35 CA$4.68

5.07%

Banana (1kg)

$1.46 CA$2.03

$1.44 CA$2.01

1.39%

Oranges (1kg)

$3.41 CA$4.76

$3.51 CA$4.89

-2.85%

Tomato (1kg)

$3.20 CA$4.47

$4.13 CA$5.77

-22.52%

Potato (1kg)

$1.94 CA$2.70

$1.63 CA$2.27

19.02%

Onion (1kg)

$1.78 CA$2.49

$2.31 CA$3.22

-22.94%

Lettuce (1 head)

$2.52 CA$3.52

$2.27 CA$3.17

11.01%

Water (1.5 liter bottle)

$1.58 CA$2.21

$1.49 CA$2.07

6.04%

Cigarettes 20 Pack (Marlboro, Camel)

$11.51 CA$16.05

$11.57 CA$16.14

-0.52%

Wine (Bottle)

$10.57 CA$14.75

$12.62 CA$17.61

-16.24%

Local Beer (0.5 liter bottle)

$2.35 CA$3.27

$2.42 CA$3.38

-2.89%

Imported Beer (0.33 liter bottle)

$2.90 CA$4.04

$1.63 CA$2.27

77.91%

One-way Ticket (Public Transport)

$2.61 CA$3.65

$2.46 CA$3.43

6.10%

Public Transport Monthly Pass (Regular Price)

$78.5 CA$109

$54.3 CA$75.8

44.40%

Taxi Start (Normal Tariff)

$3.17 CA$4.43

$3.09 CA$4.31

2.59%

Taxi (Normal Tariff) (1km)

$1.49 CA$2.08

$1.25 CA$1.75

19.20%

Taxi 1hour Waiting (Normal Tariff)

$33.49 CA$46.73

$21.57 CA$30.09

55.26%

Gasoline (1 liter)

$1.36 CA$1.90

$1.18 CA$1.65

15.25%

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

$28.0K CA$39.1K

$26.4K CA$36.8K

6.22%

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

$21.1K CA$29.5K

$21.1K CA$29.4K

0.26%

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

$77.6 CA$108

$140 CA$196

-44.68%

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

$35.63 CA$49.71

$35.14 CA$49.02

1.39%

Internet (50+ Mbps, Unlimited Data)

$43.73 CA$61.0

$44.89 CA$62.6

-2.58%

Gym Membership (Monthly)

$30.07 CA$41.96

$37.59 CA$52.5

-20.01%

Tennis Court (1 Hour on Weekend)

$19.97 CA$27.86

$14.21 CA$19.83

40.53%

Cinema Ticket

$11.27 CA$15.73

$11.50 CA$16.05

-2.00%

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

$522 CA$728

$344 CA$480

51.85%

International Primary School, 1 Child (Yearly)

$17.8K CA$24.8K

$15.6K CA$21.8K

14.11%

Jeans (Levis 501 Or Similar)

$59.0 CA$82.3

$46.52 CA$64.9

26.76%

Summer Dress (H&M, Zara, etc)

$39.01 CA$54.4

$37.93 CA$52.9

2.85%

Sport Shoes (Adidas, Nike)

$99.8 CA$139

$88.1 CA$123

13.27%

Men's Leather Business Shoes

$110 CA$153

$73.9 CA$103

48.45%

1-bedroom Apartment, City Center (Monthly)

$1,298 CA$1,812

$1,376 CA$1,920

-5.63%

1-bedroom Apartment, Outside City Center (Monthly)

$970 CA$1,354

$1,083 CA$1,510

-10.36%

3-bedroom Apartment, City Center (Monthly)

$2,323 CA$3,242

$2,057 CA$2,870

12.95%

3-bedroom Apartment, Outside City Center (Monthly)

$1,689 CA$2,357

$1,631 CA$2,276

3.57%

Buy Apartment in City Center (m2)

$5,004 CA$6,981

$6,479 CA$9,040

-22.78%

Buy Apartment Outside City Center (m2)

$3,736 CA$5,213

$6,365 CA$8,881

-41.30%

Average Monthly Net Salary (After Tax)

$2,943 CA$4,106

$3,017 CA$4,209

-2.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.51

4.55

-0.88%

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

Last update for Montreal: November 3, 2026

Last update for Peterborough: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$970 47%

Peterborough

$1.1K 51.4% 11.6% $112

Groceries & Markets

Montreal

$357 17.3%

Peterborough

$337 16% 5.7% $20

Eating Out

Montreal

$292 14.1%

Peterborough

$222 10.6% 23.8% $69

Monthly Utilities & Internet

Montreal

$157 7.6%

Peterborough

$220 10.5% 40.4% $63

Clothing & Footwear

Montreal

$138 6.7%

Peterborough

$111 5.3% 19.8% $27

Getting Around

Montreal

$100 4.8%

Peterborough

$74 3.5% 26.1% $26

Sport & Entertainment

Montreal

$53 2.6%

Peterborough

$61 2.9% 15.2% $8

Cost Breakdown

A central one-bedroom costs $1,298 in Montreal versus $1,376 in Peterborough. 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 $72 in Peterborough. Monthly groceries follow the same trend: $357 vs $337 – making Peterborough the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇦 Peterborough

🕒 Local time

15:42 3:42 PM

Same time as Montreal

🌤 Weather

👥 Population

1,762,949

81,032

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.717 USD

1 CAD = 0.641 EUR

1 CAD = 0.717 USD

1 CAD = 0.641 EUR

Exchange rates and currency converter

On the map

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Montreal Peterborough 400 km

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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 Peterborough: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $3,100 per month in Montreal and $3,161 in Peterborough. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,298 in Montreal and $1,376 in Peterborough. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

Interestingly, groceries are about 6% cheaper in Peterborough – one category where the pricier city actually offers better value.

Public transport costs about 31% less in Peterborough. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $2,067 in Montreal and $2,107 in Peterborough. You’ll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Montreal costs $2,067 versus $2,107 in Peterborough. Both appeal to remote workers, and the cost gap matters when income varies month to month.