Cost of Living Comparison Between Madrid and Montreal 

Indices DifferenceInfo
Cost of Living in Montreal is 16.7% higher than in Madrid (without rent)
Cost of Living Including Rent in Montreal is 6.0% higher than in Madrid
Rent Prices in Montreal are 12.9% lower than in Madrid
Restaurant Prices in Montreal are 22.1% higher than in Madrid
Groceries Prices in Montreal are 35.4% higher than in Madrid
Local Purchasing Power in Montreal is 10.0% higher than in Madrid
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Madrid Edit Montreal Edit Difference
Meal, Inexpensive Restaurant 15.00 €
(22.18 C$)
16.90 €
(25.00 C$)
     +12.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 €
(88.74 C$)
81.14 €
(120.00 C$)
     +35.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 €
(14.79 C$)
10.14 €
(15.00 C$)
     +1.4 %
Domestic Beer (1 pint draught) 3.50 €
(5.18 C$)
5.75 €
(8.50 C$)
     +64.2 %
Imported Beer (12 oz small bottle) 4.00 €
(5.92 C$)
5.41 €
(8.00 C$)
     +35.2 %
Cappuccino (regular) 2.44 €
(3.60 C$)
3.57 €
(5.28 C$)
     +46.5 %
Coke/Pepsi (12 oz small bottle) 2.60 €
(3.84 C$)
1.93 €
(2.85 C$)
     -25.8 %
Water (12 oz small bottle) 1.70 €
(2.52 C$)
1.43 €
(2.12 C$)
     -15.8 %
Markets
Madrid Edit Montreal Edit
Milk (regular), (1 gallon) 4.03 €
(5.96 C$)
7.53 €
(11.14 C$)
     +86.8 %
Loaf of Fresh White Bread (1 lb) 1.45 €
(2.15 C$)
2.62 €
(3.88 C$)
     +80.8 %
Rice (white), (1 lb) 0.66 €
(0.98 C$)
1.40 €
(2.07 C$)
     +111.0 %
Eggs (regular) (12) 2.82 €
(4.17 C$)
3.15 €
(4.66 C$)
     +11.6 %
Local Cheese (1 lb) 6.47 €
(9.56 C$)
5.37 €
(7.95 C$)
     -16.9 %
Chicken Fillets (1 lb) 3.66 €
(5.42 C$)
5.41 €
(8.01 C$)
     +47.9 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.48 €
(9.59 C$)
6.08 €
(8.99 C$)
     -6.2 %
Apples (1 lb) 1.06 €
(1.57 C$)
1.51 €
(2.23 C$)
     +42.8 %
Banana (1 lb) 0.84 €
(1.24 C$)
0.61 €
(0.90 C$)
     -26.9 %
Oranges (1 lb) 0.91 €
(1.35 C$)
1.73 €
(2.56 C$)
     +89.6 %
Tomato (1 lb) 1.04 €
(1.54 C$)
1.87 €
(2.77 C$)
     +79.9 %
Potato (1 lb) 0.69 €
(1.02 C$)
0.89 €
(1.32 C$)
     +29.3 %
Onion (1 lb) 0.70 €
(1.03 C$)
1.01 €
(1.49 C$)
     +44.3 %
Lettuce (1 head) 1.21 €
(1.78 C$)
2.33 €
(3.45 C$)
     +93.4 %
Water (1.5 liter bottle) 0.88 €
(1.30 C$)
1.62 €
(2.39 C$)
     +84.0 %
Bottle of Wine (Mid-Range) 6.50 €
(9.61 C$)
13.52 €
(20.00 C$)
     +108.0 %
Domestic Beer (0.5 liter bottle) 1.23 €
(1.82 C$)
3.12 €
(4.62 C$)
     +153.2 %
Imported Beer (12 oz small bottle) 1.93 €
(2.86 C$)
3.21 €
(4.75 C$)
     +66.1 %
Cigarettes 20 Pack (Marlboro) 5.62 €
(8.32 C$)
10.14 €
(15.00 C$)
     +80.3 %
Transportation
Madrid Edit Montreal Edit
One-way Ticket (Local Transport) 1.50 €
(2.22 C$)
2.54 €
(3.75 C$)
     +69.0 %
Monthly Pass (Regular Price) 52.00 €
(76.91 C$)
65.59 €
(97.00 C$)
     +26.1 %
Taxi Start (Normal Tariff) 3.12 €
(4.62 C$)
3.21 €
(4.75 C$)
     +2.8 %
Taxi 1 mile (Normal Tariff) 2.09 €
(3.09 C$)
2.18 €
(3.22 C$)
     +4.0 %
Taxi 1hour Waiting (Normal Tariff) 23.75 €
(35.12 C$)
40.57 €
(60.00 C$)
     +70.8 %
Gasoline (1 gallon) 6.31 €
(9.33 C$)
4.43 €
(6.54 C$)
     -29.8 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 €
(49,345.04 C$)
22,974.47 €
(33,978.00 C$)
     -31.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,619.74 €
(40,848.11 C$)
18,835.23 €
(27,856.30 C$)
     -31.8 %
Utilities (Monthly)
Madrid Edit Montreal Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 152.60 €
(225.69 C$)
78.24 €
(115.71 C$)
     -48.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 15.73 €
(23.27 C$)
35.92 €
(53.13 C$)
     +128.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.23 €
(46.18 C$)
41.02 €
(60.66 C$)
     +31.3 %
Sports And Leisure
Madrid Edit Montreal Edit
Fitness Club, Monthly Fee for 1 Adult 45.81 €
(67.75 C$)
30.34 €
(44.88 C$)
     -33.8 %
Tennis Court Rent (1 Hour on Weekend) 13.75 €
(20.34 C$)
15.08 €
(22.31 C$)
     +9.7 %
Cinema, International Release, 1 Seat 10.00 €
(14.79 C$)
10.14 €
(15.00 C$)
     +1.4 %
Childcare
Madrid Edit Montreal Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 506.67 €
(749.33 C$)
640.48 €
(947.23 C$)
     +26.4 %
International Primary School, Yearly for 1 Child 9,175.00 €
(13,569.33 C$)
6,074.14 €
(8,983.33 C$)
     -33.8 %
Clothing And Shoes
Madrid Edit Montreal Edit
1 Pair of Jeans (Levis 501 Or Similar) 89.62 €
(132.54 C$)
57.32 €
(84.77 C$)
     -36.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.85 €
(53.01 C$)
45.01 €
(66.56 C$)
     +25.6 %
1 Pair of Nike Running Shoes (Mid-Range) 88.34 €
(130.66 C$)
82.07 €
(121.38 C$)
     -7.1 %
1 Pair of Men Leather Business Shoes 104.58 €
(154.67 C$)
101.07 €
(149.48 C$)
     -3.4 %
Rent Per Month
Madrid Edit Montreal Edit
Apartment (1 bedroom) in City Centre 1,337.21 €
(1,977.66 C$)
1,124.01 €
(1,662.35 C$)
     -15.9 %
Apartment (1 bedroom) Outside of Centre 961.58 €
(1,422.12 C$)
862.10 €
(1,275.00 C$)
     -10.3 %
Apartment (3 bedrooms) in City Centre 2,320.93 €
(3,432.53 C$)
2,046.68 €
(3,026.92 C$)
     -11.8 %
Apartment (3 bedrooms) Outside of Centre 1,680.77 €
(2,485.77 C$)
1,456.39 €
(2,153.92 C$)
     -13.3 %
Buy Apartment Price
Madrid Edit Montreal Edit
Price per Square Feet to Buy Apartment in City Centre 510.00 €
(754.27 C$)
622.76 €
(921.03 C$)
     +22.1 %
Price per Square Feet to Buy Apartment Outside of Centre 306.34 €
(453.06 C$)
358.72 €
(530.53 C$)
     +17.1 %
Salaries And Financing
Madrid Edit Montreal Edit
Average Monthly Net Salary (After Tax) 2,146.69 €
(3,174.84 C$)
2,502.23 €
(3,700.67 C$)
     +16.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.36 6.49      +93.3 %
Last update: June 2024June 2024
Contributors in the past 12 months:470434