According to an April 2021 report by the Institut de recherche et d'informations socioéconomiques (IRIS), Montreal remains one of the most affordable major cities in Canada in 2021, requiring a single person to have an income of $28,783, or $18 hourly with full-time employment, in order to live with "dignity and without poverty."
[Nouvelle publication] La 7e édition du revenu viable. Quel est-il à Québec, Montréal, Sept-Îles, Sherbrooke, Trois… https://t.co/GzBoFzcFXF— IRIS Institut de recherche&infos socioéconomiques (@IRIS Institut de recherche&infos socioéconomiques) 1619607828.0
The MBM, used by the federal government to "[develop] thresholds of poverty based upon the cost of a basket of food, clothing, shelter, transportation, and other items."
IRIS estimated that as of 2021, in order for a single person to "live with dignity," they must be able to count on an income of $24,433 in Saguenay; $24,614 in Trois-Rivières; $25,202 in Sherbrooke; $27,871 in Quebec City; $28,139 in Gatineau; and $32,607 in Sept-Îles.
The report also broke down costs comparable to the MBM for every expense included in living in Montreal, calculating $9,720 for rent every year, amounting to $810 monthly.