Amidst rising living costs across North America, Montreal stands out as a city that offers an exceptional quality of life without the hefty price tag. According to Mercer’s 2024 cost of living report, Montreal strikes a rare balance that few cities can match.
Key Highlights:
- Global Ranking: Montreal is positioned 118th globally for cost of living but excels in quality of life, ranking 20th.
- Cost Efficiency: Living in Montreal is more affordable than in 74% of North American cities.
- Monthly Expenses: The average monthly cost for a single person is around $2,374, compared to New York’s $5,412.
Montreal, the second-largest city in Canada with a population of 1.78 million, is renowned for its vibrant culture, delectable cuisine, tree-lined streets, and top-notch education and healthcare systems. Its proximity to the US state of Vermont and the bilingual environment further enhance its allure.
A City That Stands Out
While cities like Hong Kong (#1), Singapore (#2), and Zurich (#3) top the charts for expense, they fall short on quality of life. Montreal, however, is among a select group of cities globally that offer both affordability and a high standard of living. This group includes:
- Warsaw
- Budapest
- Ljubljana
- Kuala Lumpur
- Zagreb
- Panama City
- Santiago
Ideal for Various Lifestyles
Mercer’s report underscores that cities like Montreal are attractive to families seeking better living conditions, remote workers, digital nomads, and companies looking to draw top talent. The harmonious blend of low costs and high living standards makes Montreal a prime location for both personal and professional growth.
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