Cost of Living Comparison Between Montreal and Yellowknife Cost of Living Comparison Between Montreal and Yellowknife

Monthly Cost of Living

A single person spends $2,063 per month in Montreal vs $2,960 in Yellowknife, rent included.

A couple spends around $3,159 per month in Montreal vs $4,236 in Yellowknife, rent included.

A family of three spends $4,255 per month in Montreal vs $5,511 in Yellowknife, rent included.

Montreal is about 30% cheaper than Yellowknife, driven mainly by Monthly Utilities & Internet.

Both Montreal and Yellowknife sit above the global median – Montreal by 54%, Yellowknife by 121%.

Meal at Budget Restaurant

$15.92 CA$22.05

$16.77 CA$23.22

-5.07%

Three-Course Dinner for Two, Mid-Range

$73.1 CA$101

$86.9 CA$120

-15.97%

Fast Food Meal (McDonalds, etc)

$11.15 CA$15.43

$7.64 CA$10.58

45.94%

Cappuccino

$3.80 CA$5.26

$3.83 CA$5.30

-0.78%

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

$2.18 CA$3.01

$2.63 CA$3.64

-17.11%

Water (0.33 liter bottle)

$1.46 CA$2.02

$2.11 CA$2.92

-30.81%

Local Beer (0.5 liter draught)

$6.12 CA$8.48

$6.08 CA$8.42

0.66%

Imported Beer (0.33 liter bottle)

$6.78 CA$9.38

$7.22 CA$10.00

-6.09%

Milk (1 liter)

$2.33 CA$3.22

$2.52 CA$3.49

-7.54%

White Bread (500g)

$3.39 CA$4.69

$2.68 CA$3.71

26.49%

Rice (white) (1kg)

$3.73 CA$5.16

$4.76 CA$6.59

-21.64%

Eggs

$3.38 CA$4.68

$3.36 CA$4.65

0.60%

Local Cheese (1kg)

$16.25 CA$22.50

$7.30 CA$10.11

122.60%

Chicken Fillets (1kg)

$11.54 CA$15.98

$16.83 CA$23.30

-31.43%

Beef Round Steak (1kg)

$15.24 CA$21.10

$16.36 CA$22.66

-6.85%

Apples (1kg)

$3.74 CA$5.18

$5.05 CA$6.99

-25.94%

Banana (1kg)

$1.70 CA$2.36

$1.53 CA$2.13

11.11%

Oranges (1kg)

$4.11 CA$5.68

$5.56 CA$7.70

-26.08%

Tomato (1kg)

$4.35 CA$6.02

$7.71 CA$10.68

-43.58%

Potato (1kg)

$2.71 CA$3.75

$4.76 CA$6.58

-43.07%

Onion (1kg)

$2.62 CA$3.62

$3.75 CA$5.19

-30.13%

Lettuce (1 head)

$2.25 CA$3.12

$3.63 CA$5.03

-38.02%

Water (1.5 liter bottle)

$1.73 CA$2.39

$1.15 CA$1.59

50.43%

Cigarettes 20 Pack (Marlboro, Camel)

$13.31 CA$18.43

$17.61 CA$24.38

-24.42%

Wine (Bottle)

$10.78 CA$14.93

$14.32 CA$19.82

-24.72%

Local Beer (0.5 liter bottle)

$3.01 CA$4.17

$4.40 CA$6.09

-31.59%

Imported Beer (0.33 liter bottle)

$3.46 CA$4.80

$6.48 CA$8.97

-46.60%

One-way Ticket (Public Transport)

$2.74 CA$3.79

$2.24 CA$3.11

22.32%

Public Transport Monthly Pass (Regular Price)

$72.7 CA$101

$56.3 CA$77.9

29.19%

Taxi Start (Normal Tariff)

$3.63 CA$5.03

$3.22 CA$4.46

12.73%

Taxi (Normal Tariff) (1km)

$1.46 CA$2.02

$1.39 CA$1.93

5.04%

Taxi 1hour Waiting (Normal Tariff)

$33.44 CA$46.30

$25.28 CA$35.00

32.28%

Gasoline (1 liter)

$1.21 CA$1.68

$1.22 CA$1.69

-0.82%

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

$24.6K CA$34.1K

$25.2K CA$34.8K

-2.06%

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

$21.7K CA$30.0K

$20.7K CA$28.7K

4.58%

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

$76.0 CA$105

$395 CA$547

-80.75%

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

$35.72 CA$49.46

$60.3 CA$83.5

-40.73%

Internet (50+ Mbps, Unlimited Data)

$42.86 CA$59.4

$110 CA$152

-60.88%

Gym Membership (Monthly)

$42.92 CA$59.4

$74.7 CA$103

-42.54%

Tennis Court (1 Hour on Weekend)

$17.23 CA$23.86

Cinema Ticket

$11.09 CA$15.35

$10.37 CA$14.36

6.94%

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

$620 CA$858

$629 CA$871

-1.48%

International Primary School, 1 Child (Yearly)

$5,834 CA$8,078

$11.8K CA$16.4K

-50.71%

Jeans (Levis 501 Or Similar)

$62.7 CA$86.8

$66.5 CA$92.1

-5.77%

Summer Dress (H&M, Zara, etc)

$44.41 CA$61.5

$37.52 CA$52.0

18.36%

Sport Shoes (Adidas, Nike)

$101 CA$139

$105 CA$145

-3.84%

Men's Leather Business Shoes

$119 CA$165

-0.20%

1-bedroom Apartment, City Center (Monthly)

$1,211 CA$1,677

$1,503 CA$2,080

-19.40%

1-bedroom Apartment, Outside City Center (Monthly)

$960 CA$1,329

$1,426 CA$1,975

-32.72%

3-bedroom Apartment, City Center (Monthly)

$2,035 CA$2,818

$2,457 CA$3,401

-17.14%

3-bedroom Apartment, Outside City Center (Monthly)

$1,589 CA$2,201

$2,167 CA$3,000

-26.65%

Buy Apartment in City Center (m2)

$5,181 CA$7,173

$3,158 CA$4,373

64.04%

Buy Apartment Outside City Center (m2)

$3,934 CA$5,446

$2,906 CA$4,024

35.34%

Average Monthly Net Salary (After Tax)

$2,960 CA$4,098

$4,098 CA$5,674

-27.77%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.01

6.46

-22.45%

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

Last update for Montreal: May 31, 2026

Last update for Yellowknife: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,211 in Montreal versus $1,503 in Yellowknife. 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 38% higher in Yellowknife, 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 $73.0 in Montreal versus $87.0 in Yellowknife. Monthly groceries follow the same trend: $392 vs $449 – making Montreal the more affordable choice for daily food spending.

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 Yellowknife: Cost of Living - Frequently Asked Questions

Yellowknife costs about 43% more than Montreal, with the gap driven mainly by Monthly Utilities & Internet. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,094 per month in Montreal and $4,440 in Yellowknife. 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.

Groceries cost about 15% more in Yellowknife, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $73.0 in Montreal and $87.0 in Yellowknife. 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 $2,063, than in Yellowknife at $2,960. In Montreal it covers expenses comfortably, while in Yellowknife it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Montreal costs $2,063 versus $2,960 in Yellowknife. 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, Yellowknife makes more sense. Both are solid long-term options with distinct trade-offs.