Last update: Oct 2026

Cost of Living Comparison Between Toronto and Richmond Hill

For one person, living is cheaper in Toronto: $2,589 a month against $2,769 in Richmond Hill, rent and utilities included – about $2,200 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
134

Cost of Living Index in Richmond Hill
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Richmond Hill Living Index

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Toronto

🇨🇦 Canada

$2,589

/mo nomad

Richmond Hill

🇨🇦 Canada

$2,769

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Richmond Hill

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 Hill actually costs, broken down by who's living it.

A single person spends $2,589 per month in Toronto vs $2,769 in Richmond Hill, rent included.

Toronto $2,589
Richmond Hill $2,769

A couple spends around $3,710 per month in Toronto vs $3,844 in Richmond Hill, rent included.

Toronto $3,710
Richmond Hill $3,844

A family of three spends $4,831 per month in Toronto vs $4,920 in Richmond Hill, rent included.

Toronto $4,831
Richmond Hill $4,920

Toronto is about 6% cheaper than Richmond Hill, and outside of rent the biggest gap is in transport.

Both Toronto and Richmond Hill sit above the global median – Toronto by 90%, Richmond Hill by 103%.

Meal at Budget Restaurant

$17.60 CA$24.70

$18.10 CA$25.40

-2.76%

Three-Course Dinner for Two, Mid-Range

$77.8 CA$109

$70.1 CA$98.4

10.97%

Fast Food Meal (McDonalds, etc)

$10.59 CA$14.86

$10.56 CA$14.82

0.28%

Cappuccino

$4.16 CA$5.83

$3.69 CA$5.18

12.74%

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

$2.04 CA$2.87

$1.79 CA$2.51

13.97%

Water (0.33 liter bottle)

$1.75 CA$2.46

$1.47 CA$2.06

19.05%

Local Beer (0.5 liter draught)

$6.58 CA$9.23

$5.87 CA$8.24

12.10%

Imported Beer (0.33 liter bottle)

$7.11 CA$9.98

$5.58 CA$7.84

27.42%

Milk (1 liter)

$2.53 CA$3.56

$2.74 CA$3.84

-7.66%

White Bread (500g)

$2.70 CA$3.79

$2.71 CA$3.80

-0.37%

Rice (white) (1kg)

$2.24 CA$3.14

$2.16 CA$3.03

3.70%

Eggs

$3.48 CA$4.89

$4.46 CA$6.26

-21.97%

Local Cheese (1kg)

$9.38 CA$13.16

$10.95 CA$15.36

-14.34%

Chicken Fillets (1kg)

$11.60 CA$16.28

$11.09 CA$15.57

4.60%

Beef Round Steak (1kg)

$14.68 CA$20.61

$12.85 CA$18.04

14.24%

Apples (1kg)

$3.74 CA$5.26

$3.63 CA$5.10

3.03%

Banana (1kg)

$1.22 CA$1.72

$1.34 CA$1.89

-8.96%

Oranges (1kg)

$3.48 CA$4.88

$3.42 CA$4.80

1.75%

Tomato (1kg)

$4.32 CA$6.07

$4.00 CA$5.61

8.00%

Potato (1kg)

$1.85 CA$2.60

$2.04 CA$2.87

-9.31%

Onion (1kg)

$1.69 CA$2.37

$2.03 CA$2.85

-16.75%

Lettuce (1 head)

$2.23 CA$3.13

$2.33 CA$3.26

-4.29%

Water (1.5 liter bottle)

$1.28 CA$1.79

$1.47 CA$2.07

-12.93%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 CA$19.71

$13.36 CA$18.75

5.09%

Wine (Bottle)

$14.43 CA$20.25

$12.80 CA$17.96

12.73%

Local Beer (0.5 liter bottle)

$2.16 CA$3.03

$1.83 CA$2.57

18.03%

Imported Beer (0.33 liter bottle)

$2.52 CA$3.54

$2.23 CA$3.14

13.00%

One-way Ticket (Public Transport)

$2.37 CA$3.32

$3.38 CA$4.75

-29.88%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$157 CA$220

-28.37%

Taxi Start (Normal Tariff)

$3.04 CA$4.27

$2.97 CA$4.17

2.36%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.74

$1.08 CA$1.52

14.81%

Taxi 1hour Waiting (Normal Tariff)

$22.55 CA$31.65

$18.89 CA$26.51

19.38%

Gasoline (1 liter)

$1.24 CA$1.75

$1.23 CA$1.72

0.81%

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

$26.9K CA$37.8K

$27.5K CA$38.5K

-2.02%

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

$21.4K CA$30.0K

-0.04%

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

$125 CA$175

$137 CA$192

-8.92%

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

$33.05 CA$46.39

$34.31 CA$48.15

-3.67%

Internet (50+ Mbps, Unlimited Data)

$47.96 CA$67.3

$46.63 CA$65.5

2.85%

Gym Membership (Monthly)

$36.69 CA$51.5

$45.55 CA$63.9

-19.45%

Tennis Court (1 Hour on Weekend)

$23.67 CA$33.22

$17.78 CA$24.96

33.13%

Cinema Ticket

$13.08 CA$18.35

$10.78 CA$15.13

21.34%

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

$759 CA$1,065

$342 CA$480

122.04%

International Primary School, 1 Child (Yearly)

$23.8K CA$33.4K

$10.8K CA$15.1K

120.69%

Jeans (Levis 501 Or Similar)

$53.5 CA$75.1

$44.38 CA$62.3

20.64%

Summer Dress (H&M, Zara, etc)

$40.44 CA$56.8

$38.78 CA$54.4

4.28%

Sport Shoes (Adidas, Nike)

$100 CA$141

$93.6 CA$131

7.41%

Men's Leather Business Shoes

$125 CA$176

$103 CA$145

21.32%

1-bedroom Apartment, City Center (Monthly)

$1,630 CA$2,287

$1,769 CA$2,483

-7.89%

1-bedroom Apartment, Outside City Center (Monthly)

$1,416 CA$1,987

$1,560 CA$2,190

-9.27%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,781

$2,550 CA$3,579

5.65%

3-bedroom Apartment, Outside City Center (Monthly)

$2,101 CA$2,949

$2,169 CA$3,045

-3.16%

Buy Apartment in City Center (m2)

$7,551 CA$10.6K

$6,499 CA$9,120

16.19%

Buy Apartment Outside City Center (m2)

$6,674 CA$9,366

$5,341 CA$7,496

24.95%

Average Monthly Net Salary (After Tax)

$3,543 CA$4,973

$3,159 CA$4,433

12.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.55

-2.20%

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

Last update for Toronto: October 26, 2026

Last update for Richmond Hill: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.7%

Richmond Hill

$1.6K 56.4% 10.2% $145

Groceries & Markets

Toronto

$345 13.3%

Richmond Hill

$344 12.4% 0.2% $0.8

Eating Out

Toronto

$285 11%

Richmond Hill

$274 9.9% 3.7% $10

Monthly Utilities & Internet

Toronto

$206 7.9%

Richmond Hill

$218 7.9% 5.9% $12

Clothing & Footwear

Toronto

$144 5.6%

Richmond Hill

$126 4.6% 12.4% $18

Getting Around

Toronto

$131 5.1%

Richmond Hill

$179 6.5% 36.4% $48

Sport & Entertainment

Toronto

$63 2.4%

Richmond Hill

$67 2.4% 6.8% $4.2

Cost Breakdown

A central one-bedroom costs $1,630 in Toronto versus $1,769 in Richmond Hill. 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 12% 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 $78 in Toronto versus $70 in Richmond Hill. Monthly groceries follow the same trend: $345 vs $344 – making Richmond Hill the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇨🇦 Richmond Hill

🕒 Local time

10:04 10:04 AM

Same time as Toronto

🌤 Weather

👥 Population

2,731,571

202,022

💱 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

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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 Hill: Cost of Living - Frequently Asked Questions

Yes – Richmond Hill is pricier by about 7%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,883 per month in Toronto and $4,153 in Richmond Hill. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A central 1-bedroom goes for about $1,630 in Toronto and $1,769 in Richmond Hill. The gap holds across neighborhoods – outer areas show a similar spread, just at lower price points.

A mid-range dinner for two costs $78 in Toronto and $70 in Richmond Hill. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Public transport costs about 28% less in Toronto. For daily commuters, that gap adds up to noticeable savings over a year.

$2,500 is a stretch for both – monthly costs hit $2,589 in Toronto and $2,769 in Richmond Hill. You’ll need shared housing and careful budgeting no matter which city you pick.