Is $40,000 a good salary in Montreal, Quebec?

Is $40,000 a good salary in Montreal, Quebec?

$40,000 is $10,120 less than the average yearly salary of $50,120 in Montreal. A salary of $40,000 per year means that you would be taking home about $31,722 per year after taxes, or $2,644 per month to pay for things like housing, transportation, groceries, and entertainment. The average household income in Montreal is $85,700.

Montreal, Quebec
Updated: October 1, 2024

Average Cost of Living per Month in Montreal

The average cost of living in Montreal is $3,312/month for a single person who rents.This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Average cost of living
$3,312/month
Monthly net income of $40,000/year
$2,644/month
Average total income in 2020
$50,120
Average total household income in 2020
$85,700

Average Salary in Montreal

The average salary in Montreal is $50,120, which is 8% lower than the Canadian average salary of $54,450. A person making $40,000 a year in Montreal makes 20.2% less than the average working person in Montreal and will take home about $31,722.
Net Annual Pay:
$31,722
Income tax breakdown
Hourly Salary:
$20.51
Salary breakdown

Cost of Living Calculator

Below are the details used to generate the average Cost of Living for Montreal. Change the inputs to match your lifestyle and see how it compares to the average cost of living and a salary of $40,000.
Renter
Homeowner
Housing

Housing

The average monthly cost of rental housing in Montreal is $1,345.
Product Avg. Min. Max.
Apartment (1 bedroom) in City Centre, Rent Per Month
$1,663
$1,300
$2,000
Apartment (1 bedroom) Outside of Centre, Rent Per Month
$1,345
$1,000
$1,600
Apartment (3 bedrooms) in City Centre, Rent Per Month
$2,980
$2,500
$4,000
Apartment (3 bedrooms) Outside of Centre, Rent Per Month
$2,179
$1,800
$2,700
Updated: 2024-10-01 (392 contributors in the last 12 months)
Transit
Driver
Transportation

Transportation

The average monthly cost for a driver in Montreal is $645.
Product Avg. Min. Max.
Gasoline (1 liter), Transportation
$1.69
$1.55
$1.89
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Transportation
$33,978
$32,000
$35,000
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Transportation
$28,452
$27,383
$32,000
Updated: 2024-10-01 (392 contributors in the last 12 months)
Groceries

Groceries

The average person spends $522 on groceries per month in Montreal.
Product Avg. Min. Max.
Milk (regular), (1 liter), Markets
$3.17
$2.00
$5.00
Loaf of Fresh White Bread (500g), Markets
$4.53
$3.00
$6.50
Eggs (regular) (12), Markets
$4.78
$3.00
$6.00
Local Cheese (1kg), Markets
$21.38
$9.99
$60.00
Water (1.5 liter bottle), Markets
$2.53
$1.00
$4.00
Bottle of Wine (Mid-Range), Markets
$20.00
$14.00
$26.00
Domestic Beer (0.5 liter bottle), Markets
$4.75
$2.99
$7.00
Imported Beer (0.33 liter bottle), Markets
$4.82
$2.00
$7.00
Cigarettes 20 Pack (Marlboro), Markets
$16.00
$14.40
$22.00
Apples (1kg), Markets
$4.95
$2.20
$7.50
Chicken Fillets (1kg), Markets
$17.29
$8.00
$36.80
Oranges (1kg), Markets
$5.78
$2.20
$11.02
Potato (1kg), Markets
$3.41
$1.32
$6.00
Lettuce (1 head), Markets
$3.18
$2.00
$4.50
Rice (white), (1kg), Markets
$4.65
$2.50
$8.82
Tomato (1kg), Markets
$6.15
$2.65
$9.00
Banana (1kg), Markets
$2.01
$1.20
$4.00
Onion (1kg), Markets
$3.29
$1.99
$5.75
Beef Round (1kg) (or Equivalent Back Leg Red Meat), Markets
$20.15
$12.00
$28.00
Updated: 2024-10-01 (392 contributors in the last 12 months)
Utilities

Utilities

The average monthly cost of utilities in Montreal is $96.
Product Avg. Min. Max.
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, Utilities (Monthly)
$108.85
$72.86
$160.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Utilities (Monthly)
$60.17
$45.00
$85.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data, Utilities (Monthly)
$52.17
$30.00
$80.00
Updated: 2024-10-01 (392 contributors in the last 12 months)
Leisure & Entertainment

Leisure & Entertainment

The average person in Montreal spends $142 on leisure & entertainment per month.
Product Avg. Min. Max.
Fitness Club, Monthly Fee for 1 Adult, Sports And Leisure
$50.04
$21.50
$85.00
Tennis Court Rent (1 Hour on Weekend), Sports And Leisure
$19.25
$12.00
$30.00
Cinema, International Release, 1 Seat, Sports And Leisure
$15.00
$13.00
$20.00
Updated: 2024-10-01 (392 contributors in the last 12 months)
Clothing

Clothing

The average person in Montreal spends $42 on clothing per month.
Product Avg. Min. Max.
1 Pair of Jeans (Levis 501 Or Similar), Clothing And Shoes
$87.96
$50.00
$120.00
1 Summer Dress in a Chain Store (Zara, H&M, ...), Clothing And Shoes
$61.61
$29.00
$100.00
1 Pair of Nike Running Shoes (Mid-Range), Clothing And Shoes
$124.43
$85.00
$180.00
1 Pair of Men Leather Business Shoes, Clothing And Shoes
$149.13
$90.00
$200.00
Updated: 2024-10-01 (392 contributors in the last 12 months)
Restaurants

Restaurants

The average person in Montreal spends $370 on restaurants per month.
Product Avg. Min. Max.
Meal, Inexpensive Restaurant, Restaurants
$25.00
$18.00
$50.00
Meal for 2 People, Mid-range Restaurant, Three-course, Restaurants
$120.00
$70.00
$200.00
McMeal at McDonalds (or Equivalent Combo Meal), Restaurants
$15.00
$15.00
$18.00
Domestic Beer (0.5 liter draught), Restaurants
$9.00
$6.00
$12.00
Imported Beer (0.33 liter bottle), Restaurants
$9.00
$6.00
$12.00
Coke/Pepsi (0.33 liter bottle), Restaurants
$2.93
$2.00
$4.00
Water (0.33 liter bottle) , Restaurants
$2.14
$1.79
$3.00
Cappuccino (regular), Restaurants
$5.07
$3.45
$7.00
Updated: 2024-10-01 (392 contributors in the last 12 months)
Other

Other

The average person in Montreal spends $150 on miscellaneous goods and services per month.
Product Avg. Min. Max.
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare
$906
$300
$1,264
International Primary School, Yearly for 1 Child, Childcare
$8,100
$5,000
$22,365
Updated: 2024-10-01 (392 contributors in the last 12 months)
General Disclaimer: This tool is designed for approximation purposes only and should not be used to replace a legal or accounting authority. To simplify the process, some variables are assumed to calculate the numbers included on this page. The results of this calculator should not be relied upon to determine career or tax decisions.

Your Results

Disclaimer: These numbers estimate what it costs to live in Montreal based on Numbeo data. People can live in the city for much less, while others may need much more to fund their lifestyle.
Your cost of living
$3,312/month
Monthly net income of $40,000/year
$2,644/month

Jobs paying $40,000+/year

Manager, Creating Safe Environments Indigenous Communities
Manager, Creating Safe Environments Indigenous Communities
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$72,000 - $78,000 / year
Full-time
28 days ago
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Canadian Red Cross - 41 Jobs
Montreal, QC
$30.11 / hour
Full-time
8 days ago
Senior Analyst, Finance
Senior Analyst, Finance
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Montreal, QC
$62,022 / year
Full-time
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Most affordable cities in Quebec

1. Gatineau, Quebec
Avg. Salary $54,700
Avg. Monthly Net pay $3,448
Avg. Cost of Living $2,718
Affordability Index
126.86%
2. Sherbrooke, Quebec
Avg. Salary $46,880
Avg. Monthly Net pay $3,023
Avg. Cost of Living $2,699
Affordability Index
112.02%
3. Québec City, Quebec
Avg. Salary $52,400
Avg. Monthly Net pay $3,328
Avg. Cost of Living $3,192
Affordability Index
104.26%
4. Boisbriand, Quebec
Avg. Salary $54,100
Avg. Monthly Net pay $3,417
Avg. Cost of Living $3,281
Affordability Index
104.16%
5. Sept-Iles, Quebec
Avg. Salary $57,950
Avg. Monthly Net pay $3,606
Avg. Cost of Living $3,570
Affordability Index
101%
6. Matagami, Quebec
Avg. Salary $56,800
Avg. Monthly Net pay $3,552
Avg. Cost of Living $3,570
Affordability Index
99.48%
7. Val-d'Or, Quebec
Avg. Salary $56,800
Avg. Monthly Net pay $3,552
Avg. Cost of Living $3,570
Affordability Index
99.48%
8. Saint-Sauveur, Quebec
Avg. Salary $57,200
Avg. Monthly Net pay $3,570
Avg. Cost of Living $3,615
Affordability Index
98.77%
9. Montreal, Quebec
Avg. Salary $50,120
Avg. Monthly Net pay $3,202
Avg. Cost of Living $3,298
Affordability Index
97.09%
10. Mascouche, Quebec
Avg. Salary $54,150
Avg. Monthly Net pay $3,420
Avg. Cost of Living $3,542
Affordability Index
96.55%
11. Laval, Quebec
Avg. Salary $51,120
Avg. Monthly Net pay $3,257
Avg. Cost of Living $3,407
Affordability Index
95.61%
12. Rouyn-Noranda, Quebec
Avg. Salary $53,900
Avg. Monthly Net pay $3,407
Avg. Cost of Living $3,573
Affordability Index
95.36%
13. Brossard, Quebec
Avg. Salary $52,900
Avg. Monthly Net pay $3,356
Avg. Cost of Living $3,541
Affordability Index
94.77%
14. Longueuil, Quebec
Avg. Salary $49,160
Avg. Monthly Net pay $3,149
Avg. Cost of Living $3,363
Affordability Index
93.64%
15. Baie-Comeau, Quebec
Avg. Salary $52,900
Avg. Monthly Net pay $3,356
Avg. Cost of Living $3,587
Affordability Index
93.55%
16. Rimouski, Quebec
Avg. Salary $48,120
Avg. Monthly Net pay $3,092
Avg. Cost of Living $3,317
Affordability Index
93.21%
17. Amos, Quebec
Avg. Salary $51,850
Avg. Monthly Net pay $3,298
Avg. Cost of Living $3,570
Affordability Index
92.37%
18. Saint-Georges, Quebec
Avg. Salary $47,240
Avg. Monthly Net pay $3,043
Avg. Cost of Living $3,309
Affordability Index
91.97%
19. Sainte-Adèle, Quebec
Avg. Salary $52,050
Avg. Monthly Net pay $3,309
Avg. Cost of Living $3,615
Affordability Index
91.53%
20. Saguenay, Quebec
Avg. Salary $49,080
Avg. Monthly Net pay $3,145
Avg. Cost of Living $3,468
Affordability Index
90.68%
21. Trois-Rivières, Quebec
Avg. Salary $46,440
Avg. Monthly Net pay $2,999
Avg. Cost of Living $3,321
Affordability Index
90.31%
22. Rivière-du-Loup, Quebec
Avg. Salary $49,200
Avg. Monthly Net pay $3,151
Avg. Cost of Living $3,580
Affordability Index
88.03%
23. Drummondville, Quebec
Avg. Salary $45,400
Avg. Monthly Net pay $2,942
Avg. Cost of Living $3,351
Affordability Index
87.78%
24. Granby, Quebec
Avg. Salary $45,280
Avg. Monthly Net pay $2,935
Avg. Cost of Living $3,417
Affordability Index
85.89%
25. Victoriaville, Quebec
Avg. Salary $44,440
Avg. Monthly Net pay $2,889
Avg. Cost of Living $3,377
Affordability Index
85.54%
26. Montmagny, Quebec
Avg. Salary $43,320
Avg. Monthly Net pay $2,827
Avg. Cost of Living $3,309
Affordability Index
85.43%
27. Gaspé, Quebec
Avg. Salary $47,040
Avg. Monthly Net pay $3,032
Avg. Cost of Living $3,570
Affordability Index
84.93%
28. La Sarre, Quebec
Avg. Salary $46,480
Avg. Monthly Net pay $3,001
Avg. Cost of Living $3,570
Affordability Index
84.07%
29. Thetford Mines, Quebec
Avg. Salary $42,400
Avg. Monthly Net pay $2,776
Avg. Cost of Living $3,309
Affordability Index
83.89%
30. Châteauguay, Quebec
Avg. Salary $46,600
Avg. Monthly Net pay $3,008
Avg. Cost of Living $3,587
Affordability Index
83.85%
31. Salaberry-de-Valleyfield, Quebec
Avg. Salary $44,080
Avg. Monthly Net pay $2,869
Avg. Cost of Living $3,428
Affordability Index
83.69%
32. Sainte-Agathe-des-Monts, Quebec
Avg. Salary $44,120
Avg. Monthly Net pay $2,871
Avg. Cost of Living $3,615
Affordability Index
79.42%
33. Senneterre, Quebec
Avg. Salary $43,440
Avg. Monthly Net pay $2,833
Avg. Cost of Living $3,570
Affordability Index
79.37%
34. Joliette, Quebec
Avg. Salary $42,080
Avg. Monthly Net pay $2,758
Avg. Cost of Living $3,530
Affordability Index
78.14%
35. Shawinigan, Quebec
Avg. Salary $41,280
Avg. Monthly Net pay $2,714
Avg. Cost of Living $3,547
Affordability Index
76.52%
36. Lachute, Quebec
Avg. Salary $41,760
Avg. Monthly Net pay $2,741
Avg. Cost of Living $3,615
Affordability Index
75.81%
37. Stanstead, Quebec
Avg. Salary $37,840
Avg. Monthly Net pay $2,524
Avg. Cost of Living $3,580
Affordability Index
70.51%
38. Cap-Chat, Quebec
Avg. Salary $36,680
Avg. Monthly Net pay $2,460
Avg. Cost of Living $3,570
Affordability Index
68.91%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.
Rank City Avg. Salary Avg. Monthly Net pay Avg. Cost of Living Affordability Index
01
1
 Gatineau, Quebec $54,700 $3,448 $2,718
12685
126.86%
02
2
 Sherbrooke, Quebec $46,880 $3,023 $2,699
11201
112.02%
03
3
 Québec City, Quebec $52,400 $3,328 $3,192
10426
104.26%
04
4
 Boisbriand, Quebec $54,100 $3,417 $3,281
10415
104.16%
05
5
 Sept-Iles, Quebec $57,950 $3,606 $3,570
10099
101%
06
6
 Matagami, Quebec $56,800 $3,552 $3,570
09948
99.48%
07
7
 Val-d'Or, Quebec $56,800 $3,552 $3,570
09948
99.48%
08
8
 Saint-Sauveur, Quebec $57,200 $3,570 $3,615
09876
98.77%
09
9
 Montreal, Quebec $50,120 $3,202 $3,298
09709
97.09%
10
10
 Mascouche, Quebec $54,150 $3,420 $3,542
09655
96.55%
11
11
 Laval, Quebec $51,120 $3,257 $3,407
09560
95.61%
12
12
 Rouyn-Noranda, Quebec $53,900 $3,407 $3,573
09535
95.36%
13
13
 Brossard, Quebec $52,900 $3,356 $3,541
09476
94.77%
14
14
 Longueuil, Quebec $49,160 $3,149 $3,363
09364
93.64%
15
15
 Baie-Comeau, Quebec $52,900 $3,356 $3,587
09355
93.55%
16
16
 Rimouski, Quebec $48,120 $3,092 $3,317
09320
93.21%
17
17
 Amos, Quebec $51,850 $3,298 $3,570
09237
92.37%
18
18
 Saint-Georges, Quebec $47,240 $3,043 $3,309
09196
91.97%
19
19
 Sainte-Adèle, Quebec $52,050 $3,309 $3,615
09152
91.53%
20
20
 Saguenay, Quebec $49,080 $3,145 $3,468
09067
90.68%
21
21
 Trois-Rivières, Quebec $46,440 $2,999 $3,321
09030
90.31%
22
22
 Rivière-du-Loup, Quebec $49,200 $3,151 $3,580
08802
88.03%
23
23
 Drummondville, Quebec $45,400 $2,942 $3,351
08778
87.78%
24
24
 Granby, Quebec $45,280 $2,935 $3,417
08589
85.89%
25
25
 Victoriaville, Quebec $44,440 $2,889 $3,377
08553
85.54%
26
26
 Montmagny, Quebec $43,320 $2,827 $3,309
08542
85.43%
27
27
 Gaspé, Quebec $47,040 $3,032 $3,570
08493
84.93%
28
28
 La Sarre, Quebec $46,480 $3,001 $3,570
08406
84.07%
29
29
 Thetford Mines, Quebec $42,400 $2,776 $3,309
08389
83.89%
30
30
 Châteauguay, Quebec $46,600 $3,008 $3,587
08385
83.85%
31
31
 Salaberry-de-Valleyfield, Quebec $44,080 $2,869 $3,428
08368
83.69%
32
32
 Sainte-Agathe-des-Monts, Quebec $44,120 $2,871 $3,615
07941
79.42%
33
33
 Senneterre, Quebec $43,440 $2,833 $3,570
07936
79.37%
34
34
 Joliette, Quebec $42,080 $2,758 $3,530
07813
78.14%
35
35
 Shawinigan, Quebec $41,280 $2,714 $3,547
07652
76.52%
36
36
 Lachute, Quebec $41,760 $2,741 $3,615
07581
75.81%
37
37
 Stanstead, Quebec $37,840 $2,524 $3,580
07051
70.51%
38
38
 Cap-Chat, Quebec $36,680 $2,460 $3,570
06891
68.91%
The Affordability Index is based on a single, non-homeowner, who owns a car.
CareerBeacon obtains its data from 3rd party services and cannot verify its accuracy. The information contained on this page is intended to be used for informational purposes only and should not be used to replace legal authority. The information contained in the demographic reports should not be relied upon for determining career and/or relocation decisions.

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