Last update: Oct 2026

Cost of Living Comparison Between Toronto and Richmond, Canada

Name: Richmond
Address: Richmond, CA

For one person, living is cheaper in Richmond: $2,459 a month against $2,589 in Toronto, rent and utilities included – about $1,600 less a year. Other living expenses account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
118

Cost of Living Index in Richmond
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Richmond Living Index

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Toronto

🇨🇦 Canada

$2,589

/mo nomad

Richmond

🇨🇦 Canada

$2,459

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Richmond

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Toronto and in Richmond actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,589 in Toronto versus $2,459 in Richmond.

Toronto $2,589
Richmond $2,459

Estimated couple costs with rent: $3,710 in Toronto versus $3,502 in Richmond.

Toronto $3,710
Richmond $3,502

Monthly costs for a family of three with rent: $4,831 in Toronto versus $4,545 in Richmond.

Toronto $4,831
Richmond $4,545

Living in Toronto is roughly 5% more expensive than in Richmond, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Toronto 90% above, Richmond 81% above.

Meal at Budget Restaurant

$17.60 CA$24.70

$16.21 CA$22.75

8.57%

Three-Course Dinner for Two, Mid-Range

$77.8 CA$109

$71.6 CA$101

8.64%

Fast Food Meal (McDonalds, etc)

$10.59 CA$14.86

$9.08 CA$12.74

16.63%

Cappuccino

$4.16 CA$5.83

$4.22 CA$5.92

-1.42%

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

$2.04 CA$2.87

$2.04 CA$2.86

Water (0.33 liter bottle)

$1.75 CA$2.46

$1.54 CA$2.16

13.64%

Local Beer (0.5 liter draught)

$6.58 CA$9.23

$5.42 CA$7.61

21.40%

Imported Beer (0.33 liter bottle)

$7.11 CA$9.98

$5.56 CA$7.80

27.88%

Milk (1 liter)

$2.53 CA$3.56

$2.20 CA$3.08

15.00%

White Bread (500g)

$2.70 CA$3.79

$2.16 CA$3.03

25.00%

Rice (white) (1kg)

$2.24 CA$3.14

$2.36 CA$3.31

-5.08%

Eggs

$3.48 CA$4.89

$3.15 CA$4.41

10.48%

Local Cheese (1kg)

$9.38 CA$13.16

$8.84 CA$12.40

6.11%

Chicken Fillets (1kg)

$11.60 CA$16.28

$10.81 CA$15.16

7.31%

Beef Round Steak (1kg)

$14.68 CA$20.61

$9.74 CA$13.67

50.72%

Apples (1kg)

$3.74 CA$5.26

$2.65 CA$3.72

41.13%

Banana (1kg)

$1.22 CA$1.72

$1.29 CA$1.82

-5.43%

Oranges (1kg)

$3.48 CA$4.88

$2.63 CA$3.70

32.32%

Tomato (1kg)

$4.32 CA$6.07

$3.63 CA$5.09

19.01%

Potato (1kg)

$1.85 CA$2.60

$2.10 CA$2.95

-11.90%

Onion (1kg)

$1.69 CA$2.37

$1.80 CA$2.52

-6.11%

Lettuce (1 head)

$2.23 CA$3.13

$2.03 CA$2.85

9.85%

Water (1.5 liter bottle)

$1.28 CA$1.79

$1.22 CA$1.71

4.92%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 CA$19.71

$14.39 CA$20.19

-2.43%

Wine (Bottle)

$14.43 CA$20.25

$12.73 CA$17.87

13.35%

Local Beer (0.5 liter bottle)

$2.16 CA$3.03

$2.18 CA$3.06

-0.92%

Imported Beer (0.33 liter bottle)

$2.52 CA$3.54

$2.18 CA$3.06

15.60%

One-way Ticket (Public Transport)

$2.37 CA$3.32

$2.17 CA$3.04

9.22%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$79.5 CA$112

41.48%

Taxi Start (Normal Tariff)

$3.04 CA$4.27

$2.98 CA$4.18

2.01%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.74

$1.39 CA$1.96

-10.79%

Taxi 1hour Waiting (Normal Tariff)

$22.55 CA$31.65

Gasoline (1 liter)

$1.24 CA$1.75

$1.34 CA$1.88

-7.46%

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

$26.9K CA$37.8K

$26.7K CA$37.5K

0.76%

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

$21.4K CA$30.0K

$20.8K CA$29.2K

2.77%

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

$125 CA$175

$132 CA$185

-5.42%

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

$33.05 CA$46.39

$32.35 CA$45.39

2.16%

Internet (50+ Mbps, Unlimited Data)

$47.96 CA$67.3

$46.70 CA$65.5

2.70%

Gym Membership (Monthly)

$36.69 CA$51.5

$23.75 CA$33.33

54.48%

Tennis Court (1 Hour on Weekend)

$23.67 CA$33.22

$2.41 CA$3.38

882.16%

Cinema Ticket

$13.08 CA$18.35

$12.46 CA$17.48

4.98%

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

$759 CA$1,065

$800 CA$1,122

-5.09%

International Primary School, 1 Child (Yearly)

$23.8K CA$33.4K

$10.7K CA$15.0K

122.84%

Jeans (Levis 501 Or Similar)

$53.5 CA$75.1

$53.2 CA$74.6

0.70%

Summer Dress (H&M, Zara, etc)

$40.44 CA$56.8

$32.29 CA$45.31

25.24%

Sport Shoes (Adidas, Nike)

$100 CA$141

$95.4 CA$134

5.36%

Men's Leather Business Shoes

$125 CA$176

$118 CA$166

5.78%

1-bedroom Apartment, City Center (Monthly)

$1,630 CA$2,287

$1,831 CA$2,570

-11.00%

1-bedroom Apartment, Outside City Center (Monthly)

$1,416 CA$1,987

$1,409 CA$1,977

0.50%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,781

$2,523 CA$3,540

6.80%

3-bedroom Apartment, Outside City Center (Monthly)

$2,101 CA$2,949

$2,140 CA$3,003

-1.81%

Buy Apartment in City Center (m2)

$7,551 CA$10.6K

$8,487 CA$11.9K

-11.03%

Buy Apartment Outside City Center (m2)

$6,674 CA$9,366

$6,437 CA$9,033

3.69%

Average Monthly Net Salary (After Tax)

$3,543 CA$4,973

$3,072 CA$4,311

15.34%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.77

-6.71%

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

Last update for Toronto: October 26, 2026

Last update for Richmond: October 25, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Toronto

$1.4K 54.7%

Richmond

$1.4K 57.3% 0.5% $7.1

Groceries & Markets

Toronto

$345 13.3%

Richmond

$298 12.1% 13.5% $47

Eating Out

Toronto

$285 11%

Richmond

$260 10.6% 8.7% $25

Monthly Utilities & Internet

Toronto

$206 7.9%

Richmond

$211 8.6% 2.5% $5.2

Clothing & Footwear

Toronto

$144 5.6%

Richmond

$135 5.5% 6.4% $9.2

Getting Around

Toronto

$131 5.1%

Richmond

$98 4% 25.2% $33

Sport & Entertainment

Toronto

$63 2.4%

Richmond

$49 2% 22.6% $14

Cost Breakdown

A one-bedroom apartment in the center runs $1,630 in Toronto and $1,831 in Richmond. Housing cost is often the main lever when comparing two cities.

Toronto pays 15% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $78 in Toronto vs $72 in Richmond for a mid-range dinner for two. Groceries echo the gap at $345 vs $298 per month, with Richmond cheaper across the board.

Good to know

🇨🇦 Toronto

🇨🇦 Richmond

🕒 Local time

11:45 11:45 AM

08:45 8:45 AM

3 h behind Toronto

🌤 Weather

👥 Population

2,731,571

198,309

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.713 USD

1 CAD = 0.64 EUR

1 CAD = 0.713 USD

1 CAD = 0.64 EUR

Exchange rates and currency converter

On the map

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Between locations

Toronto Richmond 3,360 km ≈ 4 h 45 min nonstop flight

From you

Toronto
Richmond

Distances are measured in a straight line. Your location is detected approximately.

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

Toronto vs Richmond: Cost of Living - Frequently Asked Questions

Richmond wins on cost – living expenses run 5% lower than in Toronto. Housing and daily spending are where you’ll feel the difference most, making Richmond the obvious pick if budget is a priority.

Average pay runs 15% higher in Toronto, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,630 in Toronto versus $1,831 in Richmond. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Richmond runs roughly 29% less than in Toronto. Both cities have functional networks, but the price difference matters if you’re watching your budget.

Childcare runs $759 in Toronto versus $800 in Richmond. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Both cities are expensive relative to $2,000. Richmond is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

It comes down to priorities – Richmond wins on affordability, Toronto on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.