PE
vs
QC
Charlottetown vs Montreal Cost of Living (2026)
Montreal is about 14% more expensive than Charlottetown, mostly because of rent. A 1-bedroom rents for $1,700 a month in Montreal vs $1,450 in Charlottetown.
The Verdict
Living in Montreal is 14% more expensive than living in Charlottetown overall.
Charlottetown / month
$1,950
Montreal / month
$2,197
Rent, groceries and transit for one person.
Salary match: what you'd need to earn
Salary in Charlottetown
$100,000
Take-home $69,789 · $5,816/mo
Needed in Montreal
$113,986
Take-home $78,372 · $6,531/mo
To keep the same lifestyle in Montreal you'd need $13,986 more a year (+14%).
Take-home is after 2026 federal and provincial income tax, CPP/QPP and EI for an employee. Cost of living weighs rent, groceries and transit.
Expense Breakdown
Average Rent
1-Bed City Center
Charlottetown
$1,450
17% more expensive
Montreal
$1,700
Groceries
Monthly Basket (1 Person)
Charlottetown
$430
7% cheaper
Montreal
$400
Transportation
Monthly Transit Pass
Charlottetown
$70
39% more expensive
Montreal
$97
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