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 $3,028 per month in Richmond Hill vs $2,768 in Toronto, rent included.

A couple spends around $4,193 per month in Richmond Hill vs $4,066 in Toronto, rent included.

A family of three spends $5,358 per month in Richmond Hill vs $5,364 in Toronto, rent included.

Richmond Hill costs about 9% more than Toronto, driven mainly by Groceries & Markets.

Both Richmond Hill and Toronto sit above the global median – Richmond Hill by 125%, Toronto by 106%.

Meal at Budget Restaurant

$18.33 CA$25.11

$18.40 CA$25.20

-0.38%

Three-Course Dinner for Two, Mid-Range

$82.5 CA$113

$81.3 CA$111

1.41%

Fast Food Meal (McDonalds, etc)

$8.94 CA$12.25

$10.92 CA$14.97

-18.13%

Cappuccino

$3.25 CA$4.45

$3.83 CA$5.25

-15.14%

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

$2.08 CA$2.85

$2.19 CA$3.01

-5.02%

Water (0.33 liter bottle)

$1.47 CA$2.02

$1.64 CA$2.25

-10.37%

Local Beer (0.5 liter draught)

$5.75 CA$7.87

$5.87 CA$8.05

-2.04%

Imported Beer (0.33 liter bottle)

$7.34 CA$10.05

$6.74 CA$9.24

8.90%

Milk (1 liter)

$2.31 CA$3.16

$2.69 CA$3.68

-14.13%

White Bread (500g)

$2.58 CA$3.53

$2.78 CA$3.81

-7.19%

Rice (white) (1kg)

$2.19 CA$2.99

$3.51 CA$4.81

-37.61%

Eggs

$3.79 CA$5.19

$3.47 CA$4.76

9.22%

Local Cheese (1kg)

$13.77 CA$18.86

$13.25 CA$18.15

3.92%

Chicken Fillets (1kg)

$11.31 CA$15.49

$12.92 CA$17.70

-12.46%

Beef Round Steak (1kg)

$14.75 CA$20.20

$16.38 CA$22.44

-9.95%

Apples (1kg)

$4.56 CA$6.25

$4.03 CA$5.52

13.15%

Banana (1kg)

$1.27 CA$1.75

$1.17 CA$1.61

8.55%

Oranges (1kg)

$2.97 CA$4.07

$3.35 CA$4.59

-11.34%

Tomato (1kg)

$3.56 CA$4.88

$4.01 CA$5.50

-11.22%

Potato (1kg)

$2.49 CA$3.41

$2.44 CA$3.34

2.05%

Onion (1kg)

$2.16 CA$2.96

$2.84 CA$3.90

-23.94%

Lettuce (1 head)

$1.89 CA$2.59

$2.39 CA$3.27

-20.92%

Water (1.5 liter bottle)

$0.88 CA$1.20

$1.98 CA$2.71

-55.56%

Cigarettes 20 Pack (Marlboro, Camel)

$11.98 CA$16.41

$14.82 CA$20.31

-19.16%

Wine (Bottle)

$13.12 CA$17.97

$14.37 CA$19.68

-8.70%

Local Beer (0.5 liter bottle)

$1.99 CA$2.72

$2.77 CA$3.79

-28.16%

Imported Beer (0.33 liter bottle)

$2.39 CA$3.27

$3.30 CA$4.52

-27.58%

One-way Ticket (Public Transport)

$2.75 CA$3.76

$2.45 CA$3.35

12.24%

Public Transport Monthly Pass (Regular Price)

$114 CA$156

$113 CA$155

0.64%

Taxi Start (Normal Tariff)

$3.21 CA$4.39

$3.61 CA$4.95

-11.08%

Taxi (Normal Tariff) (1km)

$1.11 CA$1.52

$1.42 CA$1.94

-21.83%

Taxi 1hour Waiting (Normal Tariff)

$21.79 CA$29.85

$25.90 CA$35.48

-15.87%

Gasoline (1 liter)

$1.15 CA$1.58

$1.10 CA$1.50

4.55%

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

$24.6K CA$33.7K

$25.5K CA$35.0K

-3.82%

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

$20.1K CA$27.5K

$21.0K CA$28.7K

-4.09%

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

$179 CA$245

$119 CA$163

50.71%

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

$42.14 CA$57.7

$37.69 CA$51.6

11.81%

Internet (50+ Mbps, Unlimited Data)

$58.4 CA$79.9

$54.6 CA$74.7

6.97%

Gym Membership (Monthly)

$43.99 CA$60.3

$57.3 CA$78.5

-23.17%

Tennis Court (1 Hour on Weekend)

$20.68 CA$28.33

Cinema Ticket

$12.68 CA$17.37

$11.62 CA$15.92

9.12%

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

$422 CA$577

$1,118 CA$1,531

-62.29%

International Primary School, 1 Child (Yearly)

$15.4K CA$21.1K

$18.3K CA$25.0K

-15.78%

Jeans (Levis 501 Or Similar)

$46.67 CA$63.9

$57.3 CA$78.6

-18.59%

Summer Dress (H&M, Zara, etc)

$42.89 CA$58.8

$39.80 CA$54.5

7.76%

Sport Shoes (Adidas, Nike)

$61.7 CA$84.6

$88.4 CA$121

-30.18%

Men's Leather Business Shoes

$89.5 CA$123

$116 CA$159

-22.83%

1-bedroom Apartment, City Center (Monthly)

$1,786 CA$2,447

$1,836 CA$2,516

-2.72%

1-bedroom Apartment, Outside City Center (Monthly)

$1,826 CA$2,501

$1,550 CA$2,124

17.76%

3-bedroom Apartment, City Center (Monthly)

$3,072 CA$4,208

$2,991 CA$4,097

2.70%

3-bedroom Apartment, Outside City Center (Monthly)

$2,553 CA$3,498

$2,492 CA$3,415

2.45%

Buy Apartment in City Center (m2)

$6,681 CA$9,153

$8,566 CA$11.7K

-22.01%

Buy Apartment Outside City Center (m2)

$5,493 CA$7,525

$6,905 CA$9,460

-20.45%

Average Monthly Net Salary (After Tax)

$3,052 CA$4,181

$3,697 CA$5,064

-17.44%

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: April 12, 2026

Last update for Toronto: April 13, 2026

Cost Breakdown

A central one-bedroom costs $1,786 in Richmond Hill versus $1,836 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 21% 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 in Richmond Hill versus $81 in Toronto. Groceries tell a different story – $346 in Richmond Hill vs $392 in Toronto – so Richmond Hill wins on supermarket bills even if dining out costs more.

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 9%, 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 $4,543 per month in Richmond Hill and $4,153 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 $81.0 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 $3,028 in Richmond Hill and $2,768 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 $3,028 in Richmond Hill and $2,768 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.