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

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

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

Toronto is about 9% cheaper than Richmond Hill, driven mainly by Groceries & Markets.

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

Meal at Budget Restaurant

$18.40 CA$25.20

$18.33 CA$25.11

0.38%

Three-Course Dinner for Two, Mid-Range

$81.3 CA$111

$82.5 CA$113

-1.39%

Fast Food Meal (McDonalds, etc)

$10.92 CA$14.97

$8.94 CA$12.25

22.15%

Cappuccino

$3.83 CA$5.25

$3.25 CA$4.45

17.85%

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

$2.19 CA$3.01

$2.08 CA$2.85

5.29%

Water (0.33 liter bottle)

$1.64 CA$2.25

$1.47 CA$2.02

11.56%

Local Beer (0.5 liter draught)

$5.87 CA$8.05

$5.75 CA$7.87

2.09%

Imported Beer (0.33 liter bottle)

$6.74 CA$9.24

$7.34 CA$10.05

-8.17%

Milk (1 liter)

$2.69 CA$3.68

$2.31 CA$3.16

16.45%

White Bread (500g)

$2.78 CA$3.81

$2.58 CA$3.53

7.75%

Rice (white) (1kg)

$3.51 CA$4.81

$2.19 CA$2.99

60.27%

Eggs

$3.47 CA$4.76

$3.79 CA$5.19

-8.44%

Local Cheese (1kg)

$13.25 CA$18.15

$13.77 CA$18.86

-3.78%

Chicken Fillets (1kg)

$12.92 CA$17.70

$11.31 CA$15.49

14.24%

Beef Round Steak (1kg)

$16.38 CA$22.44

$14.75 CA$20.20

11.05%

Apples (1kg)

$4.03 CA$5.52

$4.56 CA$6.25

-11.62%

Banana (1kg)

$1.17 CA$1.61

$1.27 CA$1.75

-7.87%

Oranges (1kg)

$3.35 CA$4.59

$2.97 CA$4.07

12.79%

Tomato (1kg)

$4.01 CA$5.50

$3.56 CA$4.88

12.64%

Potato (1kg)

$2.44 CA$3.34

$2.49 CA$3.41

-2.01%

Onion (1kg)

$2.84 CA$3.90

$2.16 CA$2.96

31.48%

Lettuce (1 head)

$2.39 CA$3.27

$1.89 CA$2.59

26.46%

Water (1.5 liter bottle)

$1.98 CA$2.71

$0.88 CA$1.20

125.00%

Cigarettes 20 Pack (Marlboro, Camel)

$14.82 CA$20.31

$11.98 CA$16.41

23.71%

Wine (Bottle)

$14.37 CA$19.68

$13.12 CA$17.97

9.53%

Local Beer (0.5 liter bottle)

$2.77 CA$3.79

$1.99 CA$2.72

39.20%

Imported Beer (0.33 liter bottle)

$3.30 CA$4.52

$2.39 CA$3.27

38.08%

One-way Ticket (Public Transport)

$2.45 CA$3.35

$2.75 CA$3.76

-10.91%

Public Transport Monthly Pass (Regular Price)

$113 CA$155

$114 CA$156

-0.64%

Taxi Start (Normal Tariff)

$3.61 CA$4.95

$3.21 CA$4.39

12.46%

Taxi (Normal Tariff) (1km)

$1.42 CA$1.94

$1.11 CA$1.52

27.93%

Taxi 1hour Waiting (Normal Tariff)

$25.90 CA$35.48

$21.79 CA$29.85

18.86%

Gasoline (1 liter)

$1.10 CA$1.50

$1.15 CA$1.58

-4.35%

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

$25.5K CA$35.0K

$24.6K CA$33.7K

3.97%

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

$21.0K CA$28.7K

$20.1K CA$27.5K

4.27%

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

$119 CA$163

$179 CA$245

-33.65%

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

$37.69 CA$51.6

$42.14 CA$57.7

-10.56%

Internet (50+ Mbps, Unlimited Data)

$54.6 CA$74.7

$58.4 CA$79.9

-6.51%

Gym Membership (Monthly)

$57.3 CA$78.5

$43.99 CA$60.3

30.17%

Tennis Court (1 Hour on Weekend)

$20.68 CA$28.33

Cinema Ticket

$11.62 CA$15.92

$12.68 CA$17.37

-8.36%

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

$1,118 CA$1,531

$422 CA$577

165.16%

International Primary School, 1 Child (Yearly)

$18.3K CA$25.0K

$15.4K CA$21.1K

18.74%

Jeans (Levis 501 Or Similar)

$57.3 CA$78.6

$46.67 CA$63.9

22.84%

Summer Dress (H&M, Zara, etc)

$39.80 CA$54.5

$42.89 CA$58.8

-7.20%

Sport Shoes (Adidas, Nike)

$88.4 CA$121

$61.7 CA$84.6

43.23%

Men's Leather Business Shoes

$116 CA$159

$89.5 CA$123

29.58%

1-bedroom Apartment, City Center (Monthly)

$1,836 CA$2,516

$1,786 CA$2,447

2.80%

1-bedroom Apartment, Outside City Center (Monthly)

$1,550 CA$2,124

$1,826 CA$2,501

-15.08%

3-bedroom Apartment, City Center (Monthly)

$2,991 CA$4,097

$3,072 CA$4,208

-2.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,492 CA$3,415

$2,553 CA$3,498

-2.39%

Buy Apartment in City Center (m2)

$8,566 CA$11.7K

$6,681 CA$9,153

28.22%

Buy Apartment Outside City Center (m2)

$6,905 CA$9,460

$5,493 CA$7,525

25.71%

Average Monthly Net Salary (After Tax)

$3,697 CA$5,064

$3,052 CA$4,181

21.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.16

6.59

-21.70%

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

Last update for Toronto: April 13, 2026

Last update for Richmond Hill: April 12, 2026

Cost Breakdown

A central one-bedroom costs $1,836 in Toronto versus $1,786 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 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 $81 in Toronto versus $82 in Richmond Hill. Groceries tell a different story – $392 in Toronto vs $346 in Richmond Hill – 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

Toronto vs Richmond Hill: 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 $4,153 per month in Toronto and $4,543 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 $81.0 in Toronto and $82.0 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 $2,768 in Toronto and $3,028 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 $2,768 in Toronto and $3,028 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.