Lisbon vs Montreal
Cost of Living Comparison 2026
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · Reviewed April 2026
Lisbon
Portugal
COL+Rent
43.8
Rent Index
30
Groceries
49.1
Restaurant
47.4
Montreal
Canada
COL+Rent
44.5
Rent Index
31
Groceries
59.1
Restaurant
54
Monthly Cost Comparison
| Category | Lisbon | Montreal | Diff |
|---|---|---|---|
| Rent (1BR City) | $1,337 | $1,369 | $32 |
| Rent (1BR Outside) | $1,040 | $1,088 | $48 |
| Groceries | $277 | $331 | $54 |
| Restaurant Meal | $15 | $17 | $2 |
| Transit Pass | $45 | $75 | $30 |
| Utilities | $130 | $129 | +$1 |
Monthly Budget Comparison
| Lifestyle | Lisbon | Montreal |
|---|---|---|
| Minimal | $1,469/mo | $1,592/mo |
| Typical | $2,014/mo | $2,159/mo |
| Comfortable | $2,495/mo | $2,686/mo |
Purchasing Power Equivalence
| Budget in Lisbon | ≈ in Montreal | Difference |
|---|---|---|
| $1,500/mo | $1,524/mo | +$24 |
| $2,000/mo | $2,032/mo | +$32 |
| $3,000/mo | $3,048/mo | +$48 |
Detailed Budget Analysis
See exactly how specific monthly budgets break down in each city:
Analysis: Lisbon vs Montreal for Expats & Remote Workers
Lisbon and Montreal are remarkably close in overall cost, with less than 2% difference in their combined COL+Rent indices. Lisbon's COL+Rent Index of 43.8 vs Montreal's 44.5 (both measured against New York City = 100) reflects a relatively small gap, meaning the decision between these cities often comes down to lifestyle preferences rather than pure cost.
Housing is the biggest differentiator: a city-center one-bedroom in Lisbon costs $1,337/month versus $1,369/month in Montreal — giving Lisbon a $32/month advantage on housing alone. Over a full year, the rent difference is modest and may be offset by other cost categories.
Day-to-day costs tell a more nuanced story. Groceries in Lisbon ($277/mo) vs Montreal ($331/mo) reflect Lisbon's lower food prices, while restaurant meals at $15 vs $17 show Lisbon is the better value for dining out. For digital nomads and remote workers who eat out frequently, this difference compounds quickly.
Bottom line: If you earn in a strong currency (USD, EUR, GBP) and work remotely, Lisbon offers similar value to its counterpart, so your choice should weigh factors like climate, visa accessibility, internet speed, and community. Use the purchasing power table above to see exactly how far your specific budget stretches in each city.