Montreal, Canada
+22% vs Montreal avgOld Montreal is the most expensive area in Montreal, with a cost of living index of 63.6 — that is +22% compared to the Montreal average. Only the top 2 of 24 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around C$2,312/month, compared to a range of C$1,365 in Longueuil to C$2,464 in Westmount.
For a typical resident of Old Montreal, housing takes up roughly 55% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately C$92,500 before tax.
Salaries in Old Montreal reflect the local cost of living. Based on the neighborhood COLI of 63.6:
After tax and deductions of 37.5% in Canada, take-home pay for someone earning C$92,500 would be roughly C$57,812/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a C$64,582 salary in Old Montreal, Montreal (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in Old Montreal would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $47,700 |
| London | GBP | £41,050 |
| Dubai | AED | AED 238,681 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| Westmount | 67.7 | 1.30x | +30% |
| Outremont | 62.5 | 1.20x | +20% |
| Plateau Mont-Royal | 61.5 | 1.18x | +18% |
| Griffintown | 59.9 | 1.15x | +15% |
| Mile End | 56.3 | 1.08x | +8% |
See exactly what you need to earn in Old Montreal, Montreal to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to Old Montreal:
Yes, Old Montreal is one of the more expensive neighborhoods in Montreal. It costs about +22% more than the city average, ranking #2 out of 24 neighborhoods.
The cost of living in Old Montreal is significantly above the Montreal average. With a multiplier of 1.22x, everyday expenses including rent, food, and transportation are +22% compared to the city baseline.