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

Monthly Cost of Living

A single person spends $2,620 per month in Toronto vs $2,975 in Richmond Hill, rent included.

A couple spends around $3,866 per month in Toronto vs $4,082 in Richmond Hill, rent included.

A family of three spends $5,111 per month in Toronto vs $5,189 in Richmond Hill, rent included.

Toronto is about 12% cheaper than Richmond Hill, driven mainly by Clothing & Footwear.

Both Toronto and Richmond Hill sit above the global median – Toronto by 90%, Richmond Hill by 116%.

Meal at Budget Restaurant

$17.85 CA$24.75

$18.16 CA$25.19

-1.71%

Three-Course Dinner for Two, Mid-Range

$86.8 CA$120

$71.3 CA$98.9

21.71%

Fast Food Meal (McDonalds, etc)

$10.94 CA$15.17

$10.77 CA$14.93

1.58%

Cappuccino

$4.01 CA$5.57

$3.65 CA$5.06

9.86%

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

$2.19 CA$3.04

$1.80 CA$2.50

21.67%

Water (0.33 liter bottle)

$1.69 CA$2.34

$1.45 CA$2.01

16.55%

Local Beer (0.5 liter draught)

$6.45 CA$8.94

$5.87 CA$8.13

9.88%

Imported Beer (0.33 liter bottle)

$7.05 CA$9.77

$7.21 CA$10.00

-2.22%

Milk (1 liter)

$2.71 CA$3.77

$2.77 CA$3.85

-2.17%

White Bread (500g)

$2.92 CA$4.05

$2.65 CA$3.67

10.19%

Rice (white) (1kg)

$2.48 CA$3.44

$2.15 CA$2.98

15.35%

Eggs

$3.85 CA$5.34

$4.46 CA$6.19

-13.68%

Local Cheese (1kg)

$10.10 CA$14.01

$11.54 CA$16.01

-12.48%

Chicken Fillets (1kg)

$12.02 CA$16.66

$11.59 CA$16.07

3.71%

Beef Round Steak (1kg)

$15.61 CA$21.65

$13.63 CA$18.90

14.53%

Apples (1kg)

$3.90 CA$5.41

$3.80 CA$5.27

2.63%

Banana (1kg)

$1.24 CA$1.72

$1.35 CA$1.87

-8.15%

Oranges (1kg)

$3.78 CA$5.24

$3.47 CA$4.81

8.93%

Tomato (1kg)

$4.38 CA$6.08

$4.15 CA$5.76

5.54%

Potato (1kg)

$1.93 CA$2.67

$2.13 CA$2.95

-9.39%

Onion (1kg)

$1.50 CA$2.08

$2.12 CA$2.93

-29.25%

Lettuce (1 head)

$2.28 CA$3.17

$2.39 CA$3.31

-4.60%

Water (1.5 liter bottle)

$1.46 CA$2.02

$1.56 CA$2.17

-6.41%

Cigarettes 20 Pack (Marlboro, Camel)

$14.52 CA$20.14

$13.84 CA$19.19

4.91%

Wine (Bottle)

$14.42 CA$20.00

$12.91 CA$17.91

11.70%

Local Beer (0.5 liter bottle)

$2.26 CA$3.14

$1.88 CA$2.61

20.21%

Imported Beer (0.33 liter bottle)

$2.59 CA$3.60

$2.38 CA$3.29

8.82%

One-way Ticket (Public Transport)

$2.36 CA$3.28

$2.69 CA$3.73

-12.27%

Public Transport Monthly Pass (Regular Price)

$114 CA$159

$112 CA$156

1.79%

Taxi Start (Normal Tariff)

$3.16 CA$4.38

$3.12 CA$4.32

1.28%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.74

$1.14 CA$1.58

10.53%

Taxi 1hour Waiting (Normal Tariff)

$22.57 CA$31.30

$18.98 CA$26.32

18.91%

Gasoline (1 liter)

$1.24 CA$1.72

$1.20 CA$1.66

3.33%

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

$27.3K CA$37.9K

$28.6K CA$39.6K

-4.35%

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

$20.7K CA$28.8K

$19.6K CA$27.2K

5.75%

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

$124 CA$172

$143 CA$199

-13.71%

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

$32.72 CA$45.38

$36.17 CA$50.2

-9.54%

Internet (50+ Mbps, Unlimited Data)

$48.79 CA$67.7

$47.00 CA$65.2

3.81%

Gym Membership (Monthly)

$40.27 CA$55.9

$43.02 CA$59.7

-6.39%

Tennis Court (1 Hour on Weekend)

$23.84 CA$33.06

$18.36 CA$25.46

29.85%

Cinema Ticket

$12.82 CA$17.77

$11.31 CA$15.69

13.35%

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

$787 CA$1,092

$360 CA$499

118.95%

International Primary School, 1 Child (Yearly)

$24.5K CA$34.0K

$10.9K CA$15.1K

125.75%

Jeans (Levis 501 Or Similar)

$54.2 CA$75.2

$44.78 CA$62.1

21.13%

Summer Dress (H&M, Zara, etc)

$43.10 CA$59.8

$39.57 CA$54.9

8.92%

Sport Shoes (Adidas, Nike)

$97.9 CA$136

$87.9 CA$122

11.34%

Men's Leather Business Shoes

$126 CA$175

$100.0 CA$139

26.06%

1-bedroom Apartment, City Center (Monthly)

$1,660 CA$2,303

$1,753 CA$2,431

-5.28%

1-bedroom Apartment, Outside City Center (Monthly)

$1,483 CA$2,057

$1,805 CA$2,504

-17.83%

3-bedroom Apartment, City Center (Monthly)

$2,800 CA$3,883

$3,029 CA$4,201

-7.56%

3-bedroom Apartment, Outside City Center (Monthly)

$2,157 CA$2,991

$2,467 CA$3,422

-12.59%

Buy Apartment in City Center (m2)

$8,381 CA$11.6K

$6,536 CA$9,065

28.22%

Buy Apartment Outside City Center (m2)

$6,842 CA$9,489

$5,624 CA$7,800

21.65%

Average Monthly Net Salary (After Tax)

$3,799 CA$5,269

$3,051 CA$4,232

24.51%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

4.51

-0.89%

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

Last update for Toronto: September 6, 2026

Last update for Richmond Hill: September 6, 2026

Cost Breakdown

A central one-bedroom costs $1,660 in Toronto versus $1,753 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 25% 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 $87.0 in Toronto versus $71.0 in Richmond Hill. Monthly groceries follow the same trend: $364 vs $355 – 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

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

Yes – Richmond Hill is pricier by about 14%, and the gap shows up most in Clothing & Footwear. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $3,930 per month in Toronto and $4,462 in Richmond Hill. 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 $87.0 in Toronto and $71.0 in Richmond Hill. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,620 in Toronto and $2,975 in Richmond Hill. 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 $2,620 in Toronto and $2,975 in Richmond Hill. 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.