Cost of Living Comparison Between Richmond Hill and Toronto Cost of Living Comparison Between Richmond Hill and Toronto

Monthly Cost of Living

A single person spends $3,100 per month in Richmond Hill vs $2,811 in Toronto, rent included.

A couple spends around $4,206 per month in Richmond Hill vs $4,130 in Toronto, rent included.

A family of three spends $5,311 per month in Richmond Hill vs $5,449 in Toronto, rent included.

Richmond Hill costs about 10% more than Toronto, driven mainly by Groceries & Markets.

Both Richmond Hill and Toronto sit above the global median – Richmond Hill by 131%, Toronto by 110%.

Meal at Budget Restaurant

$18.78 CA$26.11

$18.71 CA$26.02

0.37%

Three-Course Dinner for Two, Mid-Range

$81.8 CA$114

$81.9 CA$114

-0.04%

Fast Food Meal (McDonalds, etc)

$8.93 CA$12.42

$10.83 CA$15.06

-17.54%

Cappuccino

$3.23 CA$4.49

$3.89 CA$5.41

-16.97%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.02 CA$2.81

$2.22 CA$3.09

-9.01%

Water (0.33 liter bottle)

$1.47 CA$2.05

$1.65 CA$2.29

-10.91%

Local Beer (0.5 liter draught)

$5.82 CA$8.10

$6.05 CA$8.41

-3.80%

Imported Beer (0.33 liter bottle)

$7.20 CA$10.01

$6.58 CA$9.15

9.42%

Milk (1 liter)

$2.31 CA$3.21

$2.73 CA$3.79

-15.38%

White Bread (500g)

$2.57 CA$3.57

$2.72 CA$3.78

-5.51%

Rice (white) (1kg)

$2.27 CA$3.16

$3.54 CA$4.92

-35.88%

Eggs

$3.74 CA$5.20

$3.50 CA$4.87

6.86%

Local Cheese (1kg)

$13.71 CA$19.07

$13.53 CA$18.81

1.33%

Chicken Fillets (1kg)

$11.21 CA$15.59

$13.09 CA$18.20

-14.36%

Beef Round Steak (1kg)

$14.89 CA$20.71

$16.96 CA$23.59

-12.21%

Apples (1kg)

$4.40 CA$6.12

$4.16 CA$5.79

5.77%

Banana (1kg)

$1.25 CA$1.73

$1.18 CA$1.64

5.93%

Oranges (1kg)

$2.83 CA$3.93

$3.25 CA$4.52

-12.92%

Tomato (1kg)

$3.38 CA$4.70

$4.12 CA$5.73

-17.96%

Potato (1kg)

$2.46 CA$3.42

$2.50 CA$3.48

-1.60%

Onion (1kg)

$2.19 CA$3.05

$2.88 CA$4.00

-23.96%

Lettuce (1 head)

$1.89 CA$2.63

$2.35 CA$3.27

-19.57%

Water (1.5 liter bottle)

$0.95 CA$1.32

$2.00 CA$2.78

-52.50%

Cigarettes 20 Pack (Marlboro, Camel)

$12.02 CA$16.71

$14.58 CA$20.28

-17.56%

Wine (Bottle)

$12.93 CA$17.99

$14.18 CA$19.71

-8.82%

Local Beer (0.5 liter bottle)

$1.95 CA$2.71

$2.80 CA$3.89

-30.36%

Imported Beer (0.33 liter bottle)

$2.40 CA$3.33

$3.25 CA$4.53

-26.15%

One-way Ticket (Public Transport)

$2.76 CA$3.84

$2.40 CA$3.34

15.00%

Public Transport Monthly Pass (Regular Price)

$113 CA$157

$114 CA$159

-1.10%

Taxi Start (Normal Tariff)

$3.05 CA$4.25

$3.76 CA$5.22

-18.88%

Taxi (Normal Tariff) (1km)

$1.06 CA$1.48

$1.41 CA$1.96

-24.82%

Taxi 1hour Waiting (Normal Tariff)

$22.17 CA$30.83

$25.53 CA$35.50

-13.16%

Gasoline (1 liter)

$1.09 CA$1.52

$1.10 CA$1.53

-0.91%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$25.4K CA$35.3K

$25.2K CA$35.1K

0.45%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$20.1K CA$28.0K

$21.1K CA$29.3K

-4.52%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$179 CA$248

$120 CA$166

49.37%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$42.79 CA$59.5

$37.54 CA$52.2

13.99%

Internet (50+ Mbps, Unlimited Data)

$57.8 CA$80.4

$54.5 CA$75.8

5.98%

Gym Membership (Monthly)

$44.32 CA$61.6

$55.5 CA$77.2

-20.16%

Tennis Court (1 Hour on Weekend)

$21.15 CA$29.41

Cinema Ticket

$12.65 CA$17.59

$11.56 CA$16.07

9.43%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$419 CA$582

$1,129 CA$1,571

-62.91%

International Primary School, 1 Child (Yearly)

$15.4K CA$21.5K

$18.0K CA$25.0K

-14.15%

Jeans (Levis 501 Or Similar)

$47.25 CA$65.7

$56.9 CA$79.2

-17.00%

Summer Dress (H&M, Zara, etc)

$43.25 CA$60.1

$39.96 CA$55.6

8.23%

Sport Shoes (Adidas, Nike)

$62.5 CA$86.9

$89.7 CA$125

-30.31%

Men's Leather Business Shoes

$88.9 CA$124

$114 CA$159

-22.16%

1-bedroom Apartment, City Center (Monthly)

$1,804 CA$2,509

$1,849 CA$2,572

-2.45%

1-bedroom Apartment, Outside City Center (Monthly)

$1,861 CA$2,588

$1,560 CA$2,169

19.32%

3-bedroom Apartment, City Center (Monthly)

$3,057 CA$4,251

$2,925 CA$4,068

4.48%

3-bedroom Apartment, Outside City Center (Monthly)

$2,544 CA$3,538

$2,470 CA$3,435

3.00%

Buy Apartment in City Center (m2)

$6,687 CA$9,299

$9,085 CA$12.6K

-26.40%

Buy Apartment Outside City Center (m2)

$5,570 CA$7,747

$7,036 CA$9,785

-20.83%

Average Monthly Net Salary (After Tax)

$3,000 CA$4,172

$3,572 CA$4,967

-16.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.59

5.16

27.71%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Richmond Hill: June 2, 2026

Last update for Toronto: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,804 in Richmond Hill versus $1,849 in Toronto. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 19% higher in Toronto, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $82.0 in Richmond Hill versus $82.0 in Toronto. Monthly groceries follow the same trend: $344 vs $396 – making Richmond Hill the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Richmond Hill vs Toronto: Cost of Living - Frequently Asked Questions

Yes – Richmond Hill is pricier by about 10%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $4,650 per month in Richmond Hill and $4,216 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Toronto, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $82.0 in Richmond Hill and $82.0 in Toronto. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $3,100 in Richmond Hill and $2,811 in Toronto. The difference isn't just one category – it shows up across housing, food, transport, and services.

$2,500 is a stretch for both – monthly costs hit $3,100 in Richmond Hill and $2,811 in Toronto. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Toronto – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Toronto. If higher salaries, better infrastructure, or specific career opportunities are the priority, Richmond Hill makes more sense. Both are solid long-term options with distinct trade-offs.