Cost of Living Comparison Between Montreal and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 18.3% lower than in Montreal (without rent)
Consumer Prices Including Rent in Madrid are 10.9% lower than in Montreal
Rent Prices in Madrid are 6.5% higher than in Montreal
Restaurant Prices in Madrid are 21.9% lower than in Montreal
Groceries Prices in Madrid are 27.8% lower than in Montreal
Local Purchasing Power in Madrid is 9.4% higher than in Montreal
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Montreal Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 25.00 C$
(16.98 €)
20.61 C$
(14.00 €)
     -17.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 120.00 C$
(81.49 €)
88.35 C$
(60.00 €)
     -26.4 %
McMeal at McDonalds (or Equivalent Combo Meal) 15.00 C$
(10.19 €)
13.29 C$
(9.03 €)
     -11.4 %
Domestic Beer (1 pint draught) 8.00 C$
(5.43 €)
5.15 C$
(3.50 €)
     -35.6 %
Imported Beer (12 oz small bottle) 8.00 C$
(5.43 €)
5.15 C$
(3.50 €)
     -35.6 %
Cappuccino (regular) 5.26 C$
(3.57 €)
3.48 C$
(2.37 €)
     -33.8 %
Coke/Pepsi (12 oz small bottle) 2.84 C$
(1.93 €)
3.57 C$
(2.42 €)
     +25.8 %
Water (12 oz small bottle) 2.11 C$
(1.43 €)
2.32 C$
(1.57 €)
     +9.7 %
Markets
Montreal Edit Madrid Edit
Milk (regular), (1 gallon) 10.97 C$
(7.45 €)
5.94 C$
(4.03 €)
     -45.9 %
Loaf of Fresh White Bread (1 lb) 3.83 C$
(2.60 €)
2.03 C$
(1.38 €)
     -47.0 %
Rice (white), (1 lb) 2.01 C$
(1.37 €)
0.97 C$
(0.66 €)
     -51.7 %
Eggs (regular) (12) 4.55 C$
(3.09 €)
4.09 C$
(2.78 €)
     -10.0 %
Local Cheese (1 lb) 7.50 C$
(5.10 €)
8.92 C$
(6.06 €)
     +18.9 %
Chicken Fillets (1 lb) 7.55 C$
(5.12 €)
5.10 C$
(3.46 €)
     -32.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.88 C$
(6.03 €)
9.31 C$
(6.33 €)
     +4.9 %
Apples (1 lb) 2.21 C$
(1.50 €)
1.51 C$
(1.03 €)
     -31.8 %
Banana (1 lb) 0.92 C$
(0.62 €)
1.21 C$
(0.82 €)
     +31.4 %
Oranges (1 lb) 2.44 C$
(1.66 €)
1.19 C$
(0.81 €)
     -51.4 %
Tomato (1 lb) 2.88 C$
(1.95 €)
1.52 C$
(1.03 €)
     -47.1 %
Potato (1 lb) 1.29 C$
(0.87 €)
0.95 C$
(0.64 €)
     -26.5 %
Onion (1 lb) 1.48 C$
(1.00 €)
1.01 C$
(0.69 €)
     -31.5 %
Lettuce (1 head) 3.39 C$
(2.30 €)
1.76 C$
(1.20 €)
     -48.0 %
Water (1.5 liter bottle) 2.39 C$
(1.62 €)
1.29 C$
(0.87 €)
     -46.2 %
Bottle of Wine (Mid-Range) 20.00 C$
(13.58 €)
8.83 C$
(6.00 €)
     -55.8 %
Domestic Beer (0.5 liter bottle) 4.54 C$
(3.08 €)
1.79 C$
(1.22 €)
     -60.5 %
Imported Beer (12 oz small bottle) 4.48 C$
(3.04 €)
2.59 C$
(1.76 €)
     -42.3 %
Cigarettes 20 Pack (Marlboro) 15.00 C$
(10.19 €)
8.32 C$
(5.65 €)
     -44.5 %
Transportation
Montreal Edit Madrid Edit
One-way Ticket (Local Transport) 3.75 C$
(2.55 €)
2.21 C$
(1.50 €)
     -41.1 %
Monthly Pass (Regular Price) 97.00 C$
(65.87 €)
58.90 C$
(40.00 €)
     -39.3 %
Taxi Start (Normal Tariff) 4.75 C$
(3.23 €)
4.42 C$
(3.00 €)
     -7.0 %
Taxi 1 mile (Normal Tariff) 3.22 C$
(2.19 €)
2.84 C$
(1.93 €)
     -11.7 %
Taxi 1hour Waiting (Normal Tariff) 53.10 C$
(36.06 €)
32.39 C$
(22.00 €)
     -39.0 %
Gasoline (1 gallon) 6.51 C$
(4.42 €)
9.17 C$
(6.23 €)
     +40.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,978.00 C$
(23,075.10 €)
49,129.83 C$
(33,365.00 €)
     +44.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,785.04 C$
(18,869.35 €)
40,669.95 C$
(27,619.74 €)
     +46.4 %
Utilities (Monthly)
Montreal Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 112.59 C$
(76.46 €)
208.01 C$
(141.26 €)
     +84.8 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 52.17 C$
(35.43 €)
20.26 C$
(13.76 €)
     -61.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 60.92 C$
(41.37 €)
43.63 C$
(29.63 €)
     -28.4 %
Sports And Leisure
Montreal Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 45.66 C$
(31.01 €)
64.16 C$
(43.57 €)
     +40.5 %
Tennis Court Rent (1 Hour on Weekend) 22.50 C$
(15.28 €)
14.60 C$
(9.91 €)
     -35.1 %
Cinema, International Release, 1 Seat 15.00 C$
(10.19 €)
14.72 C$
(10.00 €)
     -1.8 %
Childcare
Montreal Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 930.71 C$
(632.07 €)
724.35 C$
(491.92 €)
     -22.2 %
International Primary School, Yearly for 1 Child 9,369.23 C$
(6,362.82 €)
12,754.62 C$
(8,661.90 €)
     +36.1 %
Clothing And Shoes
Montreal Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 88.80 C$
(60.31 €)
101.23 C$
(68.75 €)
     +14.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 65.74 C$
(44.64 €)
41.17 C$
(27.96 €)
     -37.4 %
1 Pair of Nike Running Shoes (Mid-Range) 118.79 C$
(80.67 €)
111.60 C$
(75.79 €)
     -6.1 %
1 Pair of Men Leather Business Shoes 145.12 C$
(98.55 €)
121.07 C$
(82.22 €)
     -16.6 %
Rent Per Month
Montreal Edit Madrid Edit
Apartment (1 bedroom) in City Centre 1,645.10 C$
(1,117.22 €)
1,843.65 C$
(1,252.06 €)
     +12.1 %
Apartment (1 bedroom) Outside of Centre 1,282.43 C$
(870.92 €)
1,333.84 C$
(905.83 €)
     +4.0 %
Apartment (3 bedrooms) in City Centre 2,994.59 C$
(2,033.69 €)
3,160.09 C$
(2,146.08 €)
     +5.5 %
Apartment (3 bedrooms) Outside of Centre 2,160.00 C$
(1,466.90 €)
2,271.40 C$
(1,542.55 €)
     +5.2 %
Buy Apartment Price
Montreal Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 951.88 C$
(646.44 €)
615.95 C$
(418.31 €)
     -35.3 %
Price per Square Feet to Buy Apartment Outside of Centre 543.74 C$
(369.26 €)
351.06 C$
(238.41 €)
     -35.4 %
Salaries And Financing
Montreal Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,653.21 C$
(2,480.96 €)
3,563.24 C$
(2,419.86 €)
     -2.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.43 2.51      -61.0 %
Last update: May 2024May 2024
Contributors in the past 12 months:424532