Last update: Nov 2026

Cost of Living Comparison Between Okotoks and Montreal

For one person, living is cheaper in Montreal: $2,067 a month against $2,294 in Okotoks, rent and utilities included – about $2,700 less a year. Higher rent and utilities in Okotoks outweigh lower spending on other living expenses.

109

Cost of Living Index in Okotoks
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Okotoks Living Index
100

Cost of Living Index in Montreal
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Montreal Living Index

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Okotoks

🇨🇦 Canada

$2,294

/mo nomad

Montreal

🇨🇦 Canada

$2,067

/mo nomad

Monthly Cost of Living

How much you'll spend in Okotoks and in Montreal

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Okotoks and in Montreal actually costs, broken down by who's living it.

A single person spends $2,294 per month in Okotoks vs $2,067 in Montreal, rent included.

Okotoks $2,294
Montreal $2,067

A couple spends around $3,188 per month in Okotoks vs $3,179 in Montreal, rent included.

Okotoks $3,188
Montreal $3,179

A family of three spends $4,082 per month in Okotoks vs $4,291 in Montreal, rent included.

Okotoks $4,082
Montreal $4,291

Okotoks costs about 11% more than Montreal, and outside of rent the biggest gap is in utilities.

Both Okotoks and Montreal sit above the global median – Okotoks by 70%, Montreal by 53%.

Meal at Budget Restaurant

$10.76 CA$15.02

$18.89 CA$26.36

-43.04%

Three-Course Dinner for Two, Mid-Range

$77.6 CA$108

$72.6 CA$101

6.97%

Fast Food Meal (McDonalds, etc)

$9.90 CA$13.81

$10.79 CA$15.06

-8.25%

Cappuccino

$4.03 CA$5.63

$3.98 CA$5.55

1.26%

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

$1.59 CA$2.22

$2.02 CA$2.81

-21.29%

Water (0.33 liter bottle)

$1.63 CA$2.27

$1.63 CA$2.28

Local Beer (0.5 liter draught)

$4.86 CA$6.78

$6.32 CA$8.82

-23.10%

Imported Beer (0.33 liter bottle)

$4.97 CA$6.93

$7.06 CA$9.85

-29.60%

Milk (1 liter)

$1.67 CA$2.33

$2.33 CA$3.26

-28.33%

White Bread (500g)

$2.23 CA$3.11

$3.25 CA$4.53

-31.38%

Rice (white) (1kg)

$2.96 CA$4.13

$3.26 CA$4.55

-9.20%

Eggs

$3.64 CA$5.08

$3.48 CA$4.85

4.60%

Local Cheese (1kg)

$10.95 CA$15.28

$13.73 CA$19.16

-20.25%

Chicken Fillets (1kg)

$11.68 CA$16.30

$11.48 CA$16.01

1.74%

Beef Round Steak (1kg)

$19.09 CA$26.63

$14.26 CA$19.90

33.87%

Apples (1kg)

$3.90 CA$5.44

$3.52 CA$4.91

10.80%

Banana (1kg)

$1.23 CA$1.71

$1.46 CA$2.03

-15.75%

Oranges (1kg)

$4.29 CA$5.99

$3.41 CA$4.76

25.81%

Tomato (1kg)

$4.00 CA$5.58

$3.20 CA$4.47

25.00%

Potato (1kg)

$2.20 CA$3.07

$1.94 CA$2.70

13.40%

Onion (1kg)

$1.81 CA$2.53

$1.78 CA$2.49

1.69%

Lettuce (1 head)

$2.47 CA$3.45

$2.52 CA$3.52

-1.98%

Water (1.5 liter bottle)

$1.85 CA$2.58

$1.58 CA$2.21

17.09%

Cigarettes 20 Pack (Marlboro, Camel)

$12.73 CA$17.76

$11.51 CA$16.05

10.60%

Wine (Bottle)

$11.65 CA$16.25

$10.57 CA$14.75

10.22%

Local Beer (0.5 liter bottle)

$3.52 CA$4.92

$2.35 CA$3.27

49.79%

Imported Beer (0.33 liter bottle)

$2.96 CA$4.12

$2.90 CA$4.04

2.07%

One-way Ticket (Public Transport)

$2.56 CA$3.58

$2.61 CA$3.65

-1.92%

Public Transport Monthly Pass (Regular Price)

$52.8 CA$73.7

$78.5 CA$109

-32.71%

Taxi Start (Normal Tariff)

$2.86 CA$3.99

$3.17 CA$4.43

-9.78%

Taxi (Normal Tariff) (1km)

$1.42 CA$1.98

$1.49 CA$2.08

-4.70%

Taxi 1hour Waiting (Normal Tariff)

$21.42 CA$29.89

$33.49 CA$46.73

-36.04%

Gasoline (1 liter)

$1.00 CA$1.39

$1.36 CA$1.90

-26.47%

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

$27.9K CA$38.9K

$28.0K CA$39.1K

-0.39%

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

$20.7K CA$28.8K

$21.1K CA$29.5K

-2.20%

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

$228 CA$318

$77.6 CA$108

193.49%

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

$45.75 CA$63.8

$35.63 CA$49.71

28.40%

Internet (50+ Mbps, Unlimited Data)

$55.6 CA$77.6

$43.73 CA$61.0

27.19%

Gym Membership (Monthly)

$27.12 CA$37.84

$30.07 CA$41.96

-9.81%

Tennis Court (1 Hour on Weekend)

$19.97 CA$27.86

Cinema Ticket

$12.04 CA$16.79

$11.27 CA$15.73

6.83%

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

$631 CA$880

$522 CA$728

20.84%

International Primary School, 1 Child (Yearly)

$9,542 CA$13.3K

$17.8K CA$24.8K

-46.38%

Jeans (Levis 501 Or Similar)

$41.31 CA$57.6

$59.0 CA$82.3

-29.95%

Summer Dress (H&M, Zara, etc)

$46.03 CA$64.2

$39.01 CA$54.4

18.00%

Sport Shoes (Adidas, Nike)

$59.8 CA$83.5

$99.8 CA$139

-40.04%

Men's Leather Business Shoes

$72.0 CA$100

$110 CA$153

-34.38%

1-bedroom Apartment, City Center (Monthly)

$1,200 CA$1,675

$1,298 CA$1,812

-7.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,164 CA$1,624

$970 CA$1,354

19.93%

3-bedroom Apartment, City Center (Monthly)

$1,713 CA$2,391

$2,323 CA$3,242

-26.25%

3-bedroom Apartment, Outside City Center (Monthly)

$1,589 CA$2,216

$1,689 CA$2,357

-5.96%

Buy Apartment in City Center (m2)

$3,055 CA$4,262

$5,004 CA$6,981

-38.95%

Buy Apartment Outside City Center (m2)

$3,169 CA$4,422

$3,736 CA$5,213

-15.18%

Average Monthly Net Salary (After Tax)

$2,982 CA$4,160

$2,943 CA$4,106

1.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.32

4.51

-4.21%

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

Last update for Okotoks: November 1, 2026

Last update for Montreal: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Okotoks

$1.2K 50.7%

Montreal

$970 47% 16.6% $193

Groceries & Markets

Okotoks

$367 16%

Montreal

$357 17.3% 2.7% $9.9

Monthly Utilities & Internet

Okotoks

$329 14.3%

Montreal

$157 7.6% 52.3% $172

Eating Out

Okotoks

$211 9.2%

Montreal

$292 14.1% 38% $80

Clothing & Footwear

Okotoks

$99 4.3%

Montreal

$138 6.7% 40.3% $40

Getting Around

Okotoks

$73 3.2%

Montreal

$100 4.8% 36.4% $27

Sport & Entertainment

Okotoks

$51 2.2%

Montreal

$53 2.6% 2.8% $1.4

Cost Breakdown

A central one-bedroom costs $1,200 in Okotoks versus $1,298 in Montreal. 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 $78 in Okotoks versus $73 in Montreal. Monthly groceries follow the same trend: $367 vs $357 – making Montreal the more affordable choice for daily food spending.

Good to know

🇨🇦 Okotoks

🇨🇦 Montreal

🕒 Local time

02:21 2:21 AM

03:21 3:21 AM

1 h ahead of Okotoks

🌤 Weather

👥 Population

30,214

1,762,949

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

Exchange rates and currency converter

On the map

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Between locations

Okotoks Montreal 3,020 km ≈ 4 h 15 min nonstop flight

From you

Okotoks
Montreal

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

Okotoks vs Montreal: Cost of Living - Frequently Asked Questions

Okotoks costs about 11% more than Montreal, and outside of rent the gap comes mainly from utilities. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,441 per month in Okotoks and $3,100 in Montreal. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,200 in Okotoks and $1,298 in Montreal. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

Groceries cost about 3% more in Okotoks, though the gap depends on what you buy.

A mid-range dinner for two costs $78 in Okotoks and $73 in Montreal. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$2,000 is a stretch for both – monthly costs hit $2,294 in Okotoks and $2,067 in Montreal. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Montreal has an edge in some lifestyle areas, with costs from $2,067 in Montreal to $2,294 in Okotoks. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.