Last update: Oct 2026

Cost of Living Comparison Between Montreal and Terrace

For one person, living is cheaper in Terrace: $1,887 a month against $2,018 in Montreal, rent and utilities included – about $1,600 less a year. Rent and utilities account for most of the difference.

99

Cost of Living Index in Montreal
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Montreal Living Index
91

Cost of Living Index in Terrace
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Terrace Living Index

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Montreal

🇨🇦 Canada

$2,018

/mo nomad

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Terrace

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

A single person spends $2,018 per month in Montreal vs $1,887 in Terrace, rent included.

Montreal $2,018
Terrace $1,887

A couple spends around $3,085 per month in Montreal vs $2,853 in Terrace, rent included.

Montreal $3,085
Terrace $2,853

A family of three spends $4,152 per month in Montreal vs $3,819 in Terrace, rent included.

Montreal $4,152
Terrace $3,819

Montreal costs about 7% more than Terrace, and outside of rent the biggest gap is in transport.

Both Montreal and Terrace sit above the global median – Montreal by 49%, Terrace by 40%.

Meal at Budget Restaurant

$18.82 CA$26.61

$17.53 CA$24.78

7.36%

Three-Course Dinner for Two, Mid-Range

$70.3 CA$99.4

$79.9 CA$113

-12.01%

Fast Food Meal (McDonalds, etc)

$10.66 CA$15.06

$9.87 CA$13.95

8.00%

Cappuccino

$3.84 CA$5.43

$3.93 CA$5.55

-2.29%

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

$1.92 CA$2.71

$2.09 CA$2.95

-8.13%

Water (0.33 liter bottle)

$1.54 CA$2.18

$1.62 CA$2.29

-4.94%

Local Beer (0.5 liter draught)

$6.23 CA$8.81

$5.19 CA$7.34

20.04%

Imported Beer (0.33 liter bottle)

$7.10 CA$10.03

$6.15 CA$8.69

15.45%

Milk (1 liter)

$2.31 CA$3.27

$2.25 CA$3.19

2.67%

White Bread (500g)

$3.14 CA$4.44

$2.63 CA$3.72

19.39%

Rice (white) (1kg)

$3.21 CA$4.54

$5.10 CA$7.21

-37.06%

Eggs

$3.52 CA$4.97

$3.60 CA$5.10

-2.22%

Local Cheese (1kg)

$12.81 CA$18.11

$8.81 CA$12.45

45.40%

Chicken Fillets (1kg)

$11.46 CA$16.20

$15.36 CA$21.71

-25.39%

Beef Round Steak (1kg)

$13.39 CA$18.92

$13.51 CA$19.10

-0.89%

Apples (1kg)

$3.14 CA$4.43

$4.06 CA$5.73

-22.66%

Banana (1kg)

$1.44 CA$2.03

$1.21 CA$1.72

19.01%

Oranges (1kg)

$3.47 CA$4.91

$2.99 CA$4.23

16.05%

Tomato (1kg)

$3.07 CA$4.34

$3.67 CA$5.20

-16.35%

Potato (1kg)

$1.90 CA$2.69

$3.14 CA$4.44

-39.49%

Onion (1kg)

$1.77 CA$2.50

$3.13 CA$4.43

-43.45%

Lettuce (1 head)

$2.34 CA$3.31

$2.37 CA$3.36

-1.27%

Water (1.5 liter bottle)

$1.55 CA$2.19

$1.01 CA$1.43

53.47%

Cigarettes 20 Pack (Marlboro, Camel)

$11.38 CA$16.09

$11.27 CA$15.94

0.98%

Wine (Bottle)

$10.63 CA$15.03

$13.44 CA$18.99

-20.91%

Local Beer (0.5 liter bottle)

$2.27 CA$3.21

$2.09 CA$2.96

8.61%

Imported Beer (0.33 liter bottle)

$2.82 CA$3.99

$1.78 CA$2.52

58.43%

One-way Ticket (Public Transport)

$2.66 CA$3.76

$1.38 CA$1.95

92.75%

Public Transport Monthly Pass (Regular Price)

$77.3 CA$109

$31.40 CA$44.40

146.15%

Taxi Start (Normal Tariff)

$3.20 CA$4.53

$3.30 CA$4.66

-3.03%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.09

$1.50 CA$2.12

-1.33%

Taxi 1hour Waiting (Normal Tariff)

$32.88 CA$46.48

$20.03 CA$28.31

64.15%

Gasoline (1 liter)

$1.34 CA$1.90

$1.22 CA$1.72

9.84%

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

$28.2K CA$39.8K

$27.8K CA$39.3K

1.25%

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

$19.6K CA$27.8K

$18.7K CA$26.5K

4.84%

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

$76.0 CA$107

$93.2 CA$132

-18.53%

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

$33.95 CA$48.00

$38.92 CA$55.0

-12.77%

Internet (50+ Mbps, Unlimited Data)

$42.31 CA$59.8

$58.3 CA$82.5

-27.48%

Gym Membership (Monthly)

$29.76 CA$42.07

$40.14 CA$56.7

-25.86%

Tennis Court (1 Hour on Weekend)

$20.28 CA$28.67

$16.45 CA$23.26

23.28%

Cinema Ticket

$11.15 CA$15.77

$8.91 CA$12.60

25.14%

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

$507 CA$717

$733 CA$1,037

-30.85%

International Primary School, 1 Child (Yearly)

$16.1K CA$22.7K

$13.4K CA$18.9K

19.78%

Jeans (Levis 501 Or Similar)

$57.6 CA$81.4

$36.65 CA$51.8

57.03%

Summer Dress (H&M, Zara, etc)

$37.58 CA$53.1

$30.29 CA$42.82

24.07%

Sport Shoes (Adidas, Nike)

$91.9 CA$130

$79.8 CA$113

15.21%

Men's Leather Business Shoes

$110 CA$155

$104 CA$147

5.61%

1-bedroom Apartment, City Center (Monthly)

$1,260 CA$1,782

$992 CA$1,402

27.11%

1-bedroom Apartment, Outside City Center (Monthly)

$948 CA$1,340

$845 CA$1,194

12.15%

3-bedroom Apartment, City Center (Monthly)

$2,137 CA$3,021

$1,556 CA$2,200

37.34%

3-bedroom Apartment, Outside City Center (Monthly)

$1,614 CA$2,281

$1,325 CA$1,874

21.74%

Buy Apartment in City Center (m2)

$4,960 CA$7,011

$4,127 CA$5,835

20.17%

Buy Apartment Outside City Center (m2)

$3,838 CA$5,425

$3,426 CA$4,843

12.03%

Average Monthly Net Salary (After Tax)

$2,827 CA$3,997

$3,096 CA$4,376

-8.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

5.05

-11.29%

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

Last update for Montreal: October 12, 2026

Last update for Terrace: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$948 47%

Terrace

$845 44.8% 10.8% $103

Groceries & Markets

Montreal

$346 17.2%

Terrace

$364 19.3% 5% $17

Eating Out

Montreal

$288 14.3%

Terrace

$270 14.3% 6.2% $18

Monthly Utilities & Internet

Montreal

$152 7.5%

Terrace

$191 10.1% 25.2% $38

Clothing & Footwear

Montreal

$133 6.6%

Terrace

$113 6% 15.6% $21

Getting Around

Montreal

$99 4.9%

Terrace

$48 2.5% 51.6% $51

Sport & Entertainment

Montreal

$52 2.6%

Terrace

$58 3.1% 11.4% $5.9

Cost Breakdown

A central one-bedroom costs $1,260 in Montreal versus $992 in Terrace. 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 9% higher in Terrace, 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 $70.0 in Montreal versus $80.0 in Terrace. Monthly groceries follow the same trend: $346 vs $364 – making Montreal the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇨🇦 Terrace

🕒 Local time

15:24 3:24 PM

12:24 12:24 PM

3 h behind Montreal

🌤 Weather

👥 Population

1,762,949

19,443

💱 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

On the map

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Between locations

Montreal Terrace 3,950 km ≈ 5 h nonstop flight

From you

Montreal
Terrace

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 Terrace: Cost of Living - Frequently Asked Questions

Montreal costs about 7% more than Terrace, and outside of rent the gap comes mainly from transport. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,027 per month in Montreal and $2,831 in Terrace. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Terrace, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Interestingly, groceries are about 5% cheaper in Montreal – 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 $70.0 in Montreal and $80.0 in Terrace. 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 Terrace, where all-in costs run around $1,887, than in Montreal at $2,018. In Terrace it covers expenses comfortably, while in Montreal it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Terrace costs $1,887 versus $2,018 in Montreal. 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 Terrace. If higher salaries, better infrastructure, or specific career opportunities are the priority, Montreal makes more sense. Both are solid long-term options with distinct trade-offs.