Cost of Living Comparison Between Madrid and Montreal 

Indices DifferenceInfo
Consumer Prices in Montreal are 23.8% higher than in Madrid (without rent)
Consumer Prices Including Rent in Montreal are 13.3% higher than in Madrid
Rent Prices in Montreal are 5.5% lower than in Madrid
Restaurant Prices in Montreal are 28.5% higher than in Madrid
Groceries Prices in Montreal are 42.1% higher than in Madrid
Local Purchasing Power in Montreal is 4.4% lower than in Madrid
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Madrid Edit Montreal Edit Difference
Meal, Inexpensive Restaurant 14.00 €
(20.49 C$)
17.08 €
(25.00 C$)
     +22.0 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 €
(87.80 C$)
82.00 €
(120.00 C$)
     +36.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.03 €
(13.21 C$)
10.25 €
(15.00 C$)
     +13.6 %
Domestic Beer (1 pint draught) 3.50 €
(5.12 C$)
5.47 €
(8.00 C$)
     +56.2 %
Imported Beer (12 oz small bottle) 3.70 €
(5.41 C$)
5.47 €
(8.00 C$)
     +47.8 %
Cappuccino (regular) 2.35 €
(3.45 C$)
3.57 €
(5.23 C$)
     +51.7 %
Coke/Pepsi (12 oz small bottle) 2.43 €
(3.56 C$)
1.92 €
(2.81 C$)
     -21.0 %
Water (12 oz small bottle) 1.58 €
(2.31 C$)
1.41 €
(2.07 C$)
     -10.4 %
Markets
Madrid Edit Montreal Edit
Milk (regular), (1 gallon) 4.02 €
(5.89 C$)
7.50 €
(10.97 C$)
     +86.4 %
Loaf of Fresh White Bread (1 lb) 1.33 €
(1.94 C$)
2.66 €
(3.90 C$)
     +100.4 %
Rice (white), (1 lb) 0.66 €
(0.96 C$)
1.41 €
(2.06 C$)
     +114.5 %
Eggs (regular) (12) 2.77 €
(4.05 C$)
3.11 €
(4.55 C$)
     +12.2 %
Local Cheese (1 lb) 5.76 €
(8.43 C$)
5.13 €
(7.50 C$)
     -11.0 %
Chicken Fillets (1 lb) 3.39 €
(4.95 C$)
5.15 €
(7.54 C$)
     +52.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.16 €
(9.01 C$)
6.02 €
(8.80 C$)
     -2.3 %
Apples (1 lb) 1.00 €
(1.46 C$)
1.51 €
(2.21 C$)
     +51.9 %
Banana (1 lb) 0.79 €
(1.16 C$)
0.62 €
(0.91 C$)
     -21.4 %
Oranges (1 lb) 0.80 €
(1.17 C$)
1.65 €
(2.41 C$)
     +105.8 %
Tomato (1 lb) 1.03 €
(1.51 C$)
1.90 €
(2.77 C$)
     +83.9 %
Potato (1 lb) 0.62 €
(0.90 C$)
0.88 €
(1.28 C$)
     +42.0 %
Onion (1 lb) 0.67 €
(0.97 C$)
1.01 €
(1.48 C$)
     +51.8 %
Lettuce (1 head) 1.20 €
(1.75 C$)
2.32 €
(3.39 C$)
     +93.7 %
Water (1.5 liter bottle) 0.87 €
(1.27 C$)
1.61 €
(2.35 C$)
     +84.7 %
Bottle of Wine (Mid-Range) 6.00 €
(8.78 C$)
13.67 €
(20.00 C$)
     +127.8 %
Domestic Beer (0.5 liter bottle) 1.14 €
(1.68 C$)
3.10 €
(4.54 C$)
     +171.0 %
Imported Beer (12 oz small bottle) 1.76 €
(2.57 C$)
3.06 €
(4.48 C$)
     +74.4 %
Cigarettes 20 Pack (Marlboro) 5.62 €
(8.23 C$)
10.25 €
(15.00 C$)
     +82.2 %
Transportation
Madrid Edit Montreal Edit
One-way Ticket (Local Transport) 1.50 €
(2.19 C$)
2.56 €
(3.75 C$)
     +70.8 %
Monthly Pass (Regular Price) 40.00 €
(58.53 C$)
66.29 €
(97.00 C$)
     +65.7 %
Taxi Start (Normal Tariff) 3.00 €
(4.39 C$)
3.11 €
(4.55 C$)
     +3.6 %
Taxi 1 mile (Normal Tariff) 1.93 €
(2.83 C$)
2.20 €
(3.22 C$)
     +13.9 %
Taxi 1hour Waiting (Normal Tariff) 22.00 €
(32.19 C$)
36.29 €
(53.10 C$)
     +64.9 %
Gasoline (1 gallon) 6.22 €
(9.10 C$)
4.45 €
(6.51 C$)
     -28.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 €
(48,823.99 C$)
23,219.65 €
(33,978.00 C$)
     -30.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,619.74 €
(40,416.78 C$)
18,914.35 €
(27,677.92 C$)
     -31.5 %
Utilities (Monthly)
Madrid Edit Montreal Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 142.32 €
(208.27 C$)
75.65 €
(110.71 C$)
     -46.8 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 14.27 €
(20.88 C$)
36.23 €
(53.01 C$)
     +153.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 29.92 €
(43.78 C$)
42.09 €
(61.59 C$)
     +40.7 %
Sports And Leisure
Madrid Edit Montreal Edit
Fitness Club, Monthly Fee for 1 Adult 43.66 €
(63.89 C$)
30.31 €
(44.35 C$)
     -30.6 %
Tennis Court Rent (1 Hour on Weekend) 9.91 €
(14.51 C$)
15.38 €
(22.50 C$)
     +55.1 %
Cinema, International Release, 1 Seat 10.00 €
(14.63 C$)
10.25 €
(15.00 C$)
     +2.5 %
Childcare
Madrid Edit Montreal Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 484.60 €
(709.13 C$)
636.03 €
(930.71 C$)
     +31.2 %
International Primary School, Yearly for 1 Child 8,904.55 €
(13,030.29 C$)
6,402.68 €
(9,369.23 C$)
     -28.1 %
Clothing And Shoes
Madrid Edit Montreal Edit
1 Pair of Jeans (Levis 501 Or Similar) 69.95 €
(102.36 C$)
59.72 €
(87.39 C$)
     -14.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 28.66 €
(41.94 C$)
44.19 €
(64.67 C$)
     +54.2 %
1 Pair of Nike Running Shoes (Mid-Range) 76.80 €
(112.39 C$)
81.44 €
(119.17 C$)
     +6.0 %
1 Pair of Men Leather Business Shoes 85.24 €
(124.74 C$)
99.17 €
(145.12 C$)
     +16.3 %
Rent Per Month
Madrid Edit Montreal Edit
Apartment (1 bedroom) in City Centre 1,235.09 €
(1,807.35 C$)
1,142.41 €
(1,671.73 C$)
     -7.5 %
Apartment (1 bedroom) Outside of Centre 897.84 €
(1,313.84 C$)
901.38 €
(1,319.02 C$)
     +0.4 %
Apartment (3 bedrooms) in City Centre 2,151.82 €
(3,148.82 C$)
2,015.95 €
(2,950.00 C$)
     -6.3 %
Apartment (3 bedrooms) Outside of Centre 1,547.96 €
(2,265.17 C$)
1,452.08 €
(2,124.87 C$)
     -6.2 %
Buy Apartment Price
Madrid Edit Montreal Edit
Price per Square Feet to Buy Apartment in City Centre 432.63 €
(633.08 C$)
650.49 €
(951.88 C$)
     +50.4 %
Price per Square Feet to Buy Apartment Outside of Centre 244.74 €
(358.13 C$)
371.58 €
(543.74 C$)
     +51.8 %
Salaries And Financing
Madrid Edit Montreal Edit
Average Monthly Net Salary (After Tax) 2,358.97 €
(3,451.95 C$)
2,554.59 €
(3,738.21 C$)
     +8.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.61 6.36      +144.1 %
Last update: April 2024April 2024
Contributors in the past 12 months:581426