Last update: Oct 2026

Cost of Living Comparison Between Terrace and Montreal

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.

91

Cost of Living Index in Terrace
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Terrace Living Index
99

Cost of Living Index in Montreal
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Montreal Living Index

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Terrace

🇨🇦 Canada

$1,887

/mo nomad

Montreal

🇨🇦 Canada

$2,018

/mo nomad

Monthly Cost of Living

How much you'll spend in Terrace 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 Terrace and in Montreal actually costs, broken down by who's living it.

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

Terrace $1,887
Montreal $2,018

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

Terrace $2,853
Montreal $3,085

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

Terrace $3,819
Montreal $4,152

Terrace is about 6% cheaper than Montreal, and outside of rent the biggest gap is in transport.

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

Meal at Budget Restaurant

$17.53 CA$24.78

$18.82 CA$26.61

-6.85%

Three-Course Dinner for Two, Mid-Range

$79.9 CA$113

$70.3 CA$99.4

13.64%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.95

$10.66 CA$15.06

-7.41%

Cappuccino

$3.93 CA$5.55

$3.84 CA$5.43

2.34%

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

$2.09 CA$2.95

$1.92 CA$2.71

8.85%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.54 CA$2.18

5.19%

Local Beer (0.5 liter draught)

$5.19 CA$7.34

$6.23 CA$8.81

-16.69%

Imported Beer (0.33 liter bottle)

$6.15 CA$8.69

$7.10 CA$10.03

-13.38%

Milk (1 liter)

$2.25 CA$3.19

$2.31 CA$3.27

-2.60%

White Bread (500g)

$2.63 CA$3.72

$3.14 CA$4.44

-16.24%

Rice (white) (1kg)

$5.10 CA$7.21

$3.21 CA$4.54

58.88%

Eggs

$3.60 CA$5.10

$3.52 CA$4.97

2.27%

Local Cheese (1kg)

$8.81 CA$12.45

$12.81 CA$18.11

-31.23%

Chicken Fillets (1kg)

$15.36 CA$21.71

$11.46 CA$16.20

34.03%

Beef Round Steak (1kg)

$13.51 CA$19.10

$13.39 CA$18.92

0.90%

Apples (1kg)

$4.06 CA$5.73

$3.14 CA$4.43

29.30%

Banana (1kg)

$1.21 CA$1.72

$1.44 CA$2.03

-15.97%

Oranges (1kg)

$2.99 CA$4.23

$3.47 CA$4.91

-13.83%

Tomato (1kg)

$3.67 CA$5.20

$3.07 CA$4.34

19.54%

Potato (1kg)

$3.14 CA$4.44

$1.90 CA$2.69

65.26%

Onion (1kg)

$3.13 CA$4.43

$1.77 CA$2.50

76.84%

Lettuce (1 head)

$2.37 CA$3.36

$2.34 CA$3.31

1.28%

Water (1.5 liter bottle)

$1.01 CA$1.43

$1.55 CA$2.19

-34.84%

Cigarettes 20 Pack (Marlboro, Camel)

$11.27 CA$15.94

$11.38 CA$16.09

-0.97%

Wine (Bottle)

$13.44 CA$18.99

$10.63 CA$15.03

26.43%

Local Beer (0.5 liter bottle)

$2.09 CA$2.96

$2.27 CA$3.21

-7.93%

Imported Beer (0.33 liter bottle)

$1.78 CA$2.52

$2.82 CA$3.99

-36.88%

One-way Ticket (Public Transport)

$1.38 CA$1.95

$2.66 CA$3.76

-48.12%

Public Transport Monthly Pass (Regular Price)

$31.40 CA$44.40

$77.3 CA$109

-59.37%

Taxi Start (Normal Tariff)

$3.30 CA$4.66

$3.20 CA$4.53

3.12%

Taxi (Normal Tariff) (1km)

$1.50 CA$2.12

$1.48 CA$2.09

1.35%

Taxi 1hour Waiting (Normal Tariff)

$20.03 CA$28.31

$32.88 CA$46.48

-39.08%

Gasoline (1 liter)

$1.22 CA$1.72

$1.34 CA$1.90

-8.96%

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

$27.8K CA$39.3K

$28.2K CA$39.8K

-1.23%

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

$18.7K CA$26.5K

$19.6K CA$27.8K

-4.62%

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

$93.2 CA$132

$76.0 CA$107

22.75%

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

$38.92 CA$55.0

$33.95 CA$48.00

14.64%

Internet (50+ Mbps, Unlimited Data)

$58.3 CA$82.5

$42.31 CA$59.8

37.89%

Gym Membership (Monthly)

$40.14 CA$56.7

$29.76 CA$42.07

34.88%

Tennis Court (1 Hour on Weekend)

$16.45 CA$23.26

$20.28 CA$28.67

-18.89%

Cinema Ticket

$8.91 CA$12.60

$11.15 CA$15.77

-20.09%

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

$733 CA$1,037

$507 CA$717

44.61%

International Primary School, 1 Child (Yearly)

$13.4K CA$18.9K

$16.1K CA$22.7K

-16.51%

Jeans (Levis 501 Or Similar)

$36.65 CA$51.8

$57.6 CA$81.4

-36.32%

Summer Dress (H&M, Zara, etc)

$30.29 CA$42.82

$37.58 CA$53.1

-19.40%

Sport Shoes (Adidas, Nike)

$79.8 CA$113

$91.9 CA$130

-13.20%

Men's Leather Business Shoes

$104 CA$147

$110 CA$155

-5.31%

1-bedroom Apartment, City Center (Monthly)

$992 CA$1,402

$1,260 CA$1,782

-21.33%

1-bedroom Apartment, Outside City Center (Monthly)

$845 CA$1,194

$948 CA$1,340

-10.84%

3-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,200

$2,137 CA$3,021

-27.19%

3-bedroom Apartment, Outside City Center (Monthly)

$1,325 CA$1,874

$1,614 CA$2,281

-17.86%

Buy Apartment in City Center (m2)

$4,127 CA$5,835

$4,960 CA$7,011

-16.78%

Buy Apartment Outside City Center (m2)

$3,426 CA$4,843

$3,838 CA$5,425

-10.74%

Average Monthly Net Salary (After Tax)

$3,096 CA$4,376

$2,827 CA$3,997

9.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

4.48

12.72%

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

Last update for Terrace: October 11, 2026

Last update for Montreal: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Terrace

$845 44.8%

Montreal

$948 47% 12.2% $103

Groceries & Markets

Terrace

$364 19.3%

Montreal

$346 17.2% 4.7% $17

Eating Out

Terrace

$270 14.3%

Montreal

$288 14.3% 6.6% $18

Monthly Utilities & Internet

Terrace

$191 10.1%

Montreal

$152 7.5% 20.1% $38

Clothing & Footwear

Terrace

$113 6%

Montreal

$133 6.6% 18.4% $21

Sport & Entertainment

Terrace

$58 3.1%

Montreal

$52 2.6% 10.2% $5.9

Getting Around

Terrace

$48 2.5%

Montreal

$99 4.9% 107% $51

Cost Breakdown

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

Good to know

🇨🇦 Terrace

🇨🇦 Montreal

🕒 Local time

12:00 12:00 PM

15:00 3:00 PM

3 h ahead of Terrace

🌤 Weather

👥 Population

19,443

1,762,949

💱 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

Terrace Montreal 3,950 km ≈ 5 h nonstop flight

From you

Terrace
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

Terrace vs Montreal: 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 $2,831 per month in Terrace and $3,027 in Montreal. 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 $80.0 in Terrace and $70.0 in Montreal. 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.