Richmond
TorontoVS
Richmond is 12% cheaper than Toronto overall.
| Richmond | Toronto | |
|---|---|---|
| Rent (1BR City Centre) | $2,250.00 CAD | $2,450.00 CAD |
| Rent (1BR Outside Centre) | $1,900.00 CAD | $2,100.00 CAD |
| Groceries Index | 109 | 108 |
| Monthly Transit Pass | $105.00 CAD | $156.00 CAD |
| Utilities (monthly) | $130.00 CAD | $160.00 CAD |
| Gas (per litre) | $1.84 CAD | $1.65 CAD |
| Mid-range Meal | $28.00 CAD | $28.00 CAD |
| Gym Membership | $60.00 CAD | $70.00 CAD |
| Childcare (monthly) | $1,350.00 CAD | $1,750.00 CAD |
Each city is shown in your selected currency (toggle CAD/USD in the header); cheaper values are highlighted after converting to a common currency. Updated June 2026.
Salary Equivalence Calculator
If you earn $in Richmond...
You would need $68,408 in Toronto to maintain the same lifestyle.
Frequently asked questions
Is Richmond cheaper than Toronto?
Richmond is 12% cheaper than Toronto overall.
How much is rent in Richmond vs Toronto?
A one-bedroom in the city centre averages $2,250 CAD per month in Richmond and $2,450 CAD in Toronto. Outside the centre, it is $1,900 CAD in Richmond and $2,100 CAD in Toronto.
What salary do I need to move from Richmond to Toronto?
On average, you need about 114% of your current salary — for example, $60,000 in Richmond is roughly equivalent to $68,408 in Toronto.