Last update: Oct 2026

Cost of Living Comparison Between Montreal and Waco, TX

For one person, living is cheaper in Montreal: $2,003 a month against $2,447 in Waco, TX, rent and utilities included – about $5,300 less a year. Higher rent and utilities in Waco, TX outweigh lower spending on other living expenses.

99

Cost of Living Index in Montreal
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Montreal Living Index
117

Cost of Living Index in Waco, TX
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Waco, TX Living Index

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Montreal

🇨🇦 Canada

$2,003

/mo nomad

Waco, TX

🇺🇸 United States

$2,447

/mo nomad

Monthly Cost of Living

How much you'll spend in Montreal and in Waco, TX

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

A single person spends $2,003 per month in Montreal vs $2,447 in Waco, TX, rent included.

Montreal $2,003
Waco, TX $2,447

A couple spends around $3,048 per month in Montreal vs $3,090 in Waco, TX, rent included.

Montreal $3,048
Waco, TX $3,090

A family of three spends $4,092 per month in Montreal vs $3,734 in Waco, TX, rent included.

Montreal $4,092
Waco, TX $3,734

Montreal is about 18% cheaper than Waco, TX, and outside of rent the biggest gap is in transport.

Both Montreal and Waco, TX sit above the global median – Montreal by 49%, Waco, TX by 83%.

Meal at Budget Restaurant

$19.31 CA$27.53

$15.21 $15.21

26.96%

Three-Course Dinner for Two, Mid-Range

$75.5 CA$108

$59.0 $59.0

27.94%

Fast Food Meal (McDonalds, etc)

$10.63 CA$15.15

$12.18 $12.18

-12.73%

Cappuccino

$3.93 CA$5.60

$5.39 $5.39

-27.09%

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

$1.92 CA$2.74

$1.77 $1.77

8.47%

Water (0.33 liter bottle)

$1.48 CA$2.11

$1.49 $1.49

-0.67%

Local Beer (0.5 liter draught)

$6.30 CA$8.98

$4.93 $4.93

27.79%

Imported Beer (0.33 liter bottle)

$7.19 CA$10.25

$5.52 $5.52

30.25%

Milk (1 liter)

$2.22 CA$3.17

$0.76 $0.76

192.11%

White Bread (500g)

$3.06 CA$4.37

$3.16 $3.16

-3.16%

Rice (white) (1kg)

$2.94 CA$4.19

$2.03 $2.03

44.83%

Eggs

$3.53 CA$5.04

$2.78 $2.78

26.98%

Local Cheese (1kg)

$13.19 CA$18.80

$12.06 $12.06

9.37%

Chicken Fillets (1kg)

$11.24 CA$16.02

$9.70 $9.70

15.88%

Beef Round Steak (1kg)

$13.81 CA$19.69

$11.67 $11.67

18.34%

Apples (1kg)

$3.40 CA$4.85

$3.83 $3.83

-11.23%

Banana (1kg)

$1.44 CA$2.06

$1.12 $1.12

28.57%

Oranges (1kg)

$3.26 CA$4.65

$3.86 $3.86

-15.54%

Tomato (1kg)

$2.88 CA$4.10

$3.71 $3.71

-22.37%

Potato (1kg)

$1.86 CA$2.65

$2.27 $2.27

-18.06%

Onion (1kg)

$1.82 CA$2.60

$2.86 $2.86

-36.36%

Lettuce (1 head)

$2.43 CA$3.46

$1.76 $1.76

38.07%

Water (1.5 liter bottle)

$1.52 CA$2.17

$0.99 $0.99

53.54%

Cigarettes 20 Pack (Marlboro, Camel)

$11.45 CA$16.33

$8.54 $8.54

34.07%

Wine (Bottle)

$10.36 CA$14.77

$13.49 $13.49

-23.20%

Local Beer (0.5 liter bottle)

$2.22 CA$3.16

$1.68 $1.68

32.14%

Imported Beer (0.33 liter bottle)

$2.82 CA$4.02

$3.81 $3.81

-25.98%

One-way Ticket (Public Transport)

$2.58 CA$3.67

$1.54 $1.54

67.53%

Public Transport Monthly Pass (Regular Price)

$76.9 CA$110

$40.12 $40.12

91.65%

Taxi Start (Normal Tariff)

$3.25 CA$4.64

$9.93 $9.93

-67.27%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.11

$1.90 $1.90

-22.11%

Taxi 1hour Waiting (Normal Tariff)

$33.04 CA$47.11

$59.4 $59.4

-44.40%

Gasoline (1 liter)

$1.36 CA$1.94

$0.89 $0.89

52.81%

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

$27.4K CA$39.1K

$36.2K $36.2K

-24.28%

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

$20.0K CA$28.5K

$25.0K $25.0K

-20.14%

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

$76.1 CA$109

$175 $175

-56.61%

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

$34.68 CA$49.45

$40.53 $40.53

-14.43%

Internet (50+ Mbps, Unlimited Data)

$42.69 CA$60.9

$54.7 $54.7

-22.00%

Gym Membership (Monthly)

$28.94 CA$41.27

$27.96 $27.96

3.51%

Tennis Court (1 Hour on Weekend)

$20.33 CA$28.98

Cinema Ticket

$11.21 CA$15.98

$9.07 $9.07

23.59%

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

$505 CA$720

$747 $747

-32.37%

International Primary School, 1 Child (Yearly)

$16.0K CA$22.8K

$18.2K $18.2K

-11.90%

Jeans (Levis 501 Or Similar)

$58.5 CA$83.4

$47.91 $47.91

22.10%

Summer Dress (H&M, Zara, etc)

$38.00 CA$54.2

$38.27 $38.27

-0.71%

Sport Shoes (Adidas, Nike)

$92.7 CA$132

$85.3 $85.3

8.68%

Men's Leather Business Shoes

$106 CA$151

$95.4 $95.4

10.87%

1-bedroom Apartment, City Center (Monthly)

$1,240 CA$1,768

$1,244 $1,244

-0.29%

1-bedroom Apartment, Outside City Center (Monthly)

$986 CA$1,406

$1,328 $1,328

-25.76%

3-bedroom Apartment, City Center (Monthly)

$2,102 CA$2,997

$1,541 $1,541

36.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,615 CA$2,302

$1,374 $1,374

17.53%

Buy Apartment in City Center (m2)

$5,043 CA$7,191

$1,970 $1,970

156.06%

Buy Apartment Outside City Center (m2)

$3,830 CA$5,461

$1,955 $1,955

95.87%

Average Monthly Net Salary (After Tax)

$2,920 CA$4,164

$3,156 $3,156

-7.47%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.46

6.49

-31.28%

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

Last update for Montreal: October 6, 2026

Last update for Waco, TX: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Montreal

$986 47.9%

Waco, TX

$1.3K 55% 34.7% $342

Groceries & Markets

Montreal

$344 16.7%

Waco, TX

$312 12.9% 9.1% $31

Eating Out

Montreal

$293 14.2%

Waco, TX

$272 11.3% 7.2% $21

Monthly Utilities & Internet

Montreal

$154 7.5%

Waco, TX

$271 11.2% 76.4% $117

Clothing & Footwear

Montreal

$133 6.5%

Waco, TX

$120 5% 9.5% $13

Getting Around

Montreal

$98 4.8%

Waco, TX

$66 2.7% 32.8% $32

Sport & Entertainment

Montreal

$51 2.5%

Waco, TX

$46 1.9% 10.2% $5.3

Cost Breakdown

A central one-bedroom costs $1,240 in Montreal versus $1,244 in Waco, TX. 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 8% higher in Waco, TX, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $75.0 in Montreal versus $59.0 in Waco, TX. Monthly groceries follow the same trend: $344 vs $312 – making Waco, TX the more affordable choice for daily food spending.

Good to know

🇨🇦 Montreal

🇺🇸 Waco, TX

🕒 Local time

11:04 11:04 AM

10:04 10:04 AM

1 h behind Montreal

🌤 Weather

👥 Population

1,762,949

138,486

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.701 USD

1 CAD = 0.626 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 12, 2026: 1 USD = 1.43 CAD (1 CAD = 0.701 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

United States Dollar exchange rates as of October 12, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to CAD in detail →

On the map

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Between locations

Montreal Waco, TX 2,560 km ≈ 3 h 45 min nonstop flight

From you

Montreal
Waco, TX

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 Waco, TX: Cost of Living - Frequently Asked Questions

Waco, TX costs about 22% more than Montreal, 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 $3,005 per month in Montreal and $3,670 in Waco, TX. 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 10% cheaper in Waco, TX – 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 $75.0 in Montreal and $59.0 in Waco, TX. 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 $2,003, than in Waco, TX at $2,447. In Montreal it covers expenses comfortably, while in Waco, TX it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Montreal costs $2,003 versus $2,447 in Waco, TX. 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, Waco, TX makes more sense. Both are solid long-term options with distinct trade-offs.