Cost of living comparison

Richmond Hill, Canada

compared to

Reykjavik, Iceland

Reykjavik vs. Richmond Hill Cost of Living Summary

Reykjavik is 38.8% more expensive than Richmond Hill.

Restaurants: pay 61.4% more in Reykjavik
Groceries: pay 50.3% more in Reykjavik
Transportation: pay 57.3% more in Reykjavik
Housing: pay 4.3% less in Reykjavik
Childcare: pay 60.6% less in Reykjavik
Entertainment and Sports: pay 58.7% more in Reykjavik
Clothing: pay 2.1 times more in Reykjavik

The cost of clothing, restaurants, entertainment and sports, transportation, and groceries in Reykjavik are more expensive than in Richmond Hill. Expenses including childcare and housing are lower in Reykjavik. Notably, clothing is significantly more expensive in Reykjavik.

Reykjavik vs. Richmond Hill Cost Breakdown

If you lived in Reykjavik instead of Richmond Hill, you would:

Display currency: USD

pay 61.4% more for restaurants

	Richmond Hill	Reykjavik
Basic meal with drink at inexpensive restaurant	$16.17 CA$22.20	$20.00 ISK2,482	+23.7%
Fast food combo meal McDonalds, or similar	$8.98 CA$12.33	$18.02 ISK2,236	+100.6%
Bottle of Coca-Cola (11 fl. oz)	$1.98 CA$2.72	$3.15 ISK391	+59.0%
Bottle of water (11 fl. oz)	$1.35 CA$1.85	$2.19 ISK271	+62.4%
Average			+61.4%

Richmond Hill vs. Reykjavik - Cost of restaurants

Improve prices · Change currency (USD)

pay 50.3% more for groceries

	Richmond Hill	Reykjavik
Bread 1 loaf	$2.26 CA$3.10	$3.61 ISK448	+59.8%
Local cheese (8 oz)	$3.56 CA$4.88	$7.76 ISK963	+118.1%
Milk (1 gallon)	$10.90 CA$14.97	$6.40 ISK795	-41.3%
Eggs 1 dozen	$3.09 CA$4.24	$5.76 ISK714	+86.5%
Boneless chicken breast (1 lb)	$3.74 CA$5.14	$9.45 ISK1,172	+152.3%
Apples (1 lb)	$1.89 CA$2.60	$1.40 ISK174	-25.9%
Bananas (1 lb)	$0.57 CA$0.78	$1.01 ISK125	+77.2%
Oranges (1 lb)	$0.81 CA$1.12	$1.22 ISK151	+49.4%
Tomatoes (1 lb)	$1.52 CA$2.09	$2.22 ISK276	+46.3%
Potatoes (1 lb)	$1.08 CA$1.48	$1.43 ISK178	+32.8%
Onions (1 lb)	$0.95 CA$1.30	$0.93 ISK116	-1.5%
Average			+50.3%

Richmond Hill vs. Reykjavik - Cost of groceries

Improve prices · Change currency (USD)

pay 57.3% more for transportation

	Richmond Hill	Reykjavik
Gasoline (1 gallon)	$4.13 CA$5.67	$8.50 ISK1,055	+106.0%
Monthly public transit pass	$110.65 CA$151.95	$74.95 ISK9,302	-32.3%
New Volkswagen Golf 1.4 (standard edition)	$24,412.64 CA$33,524.66	$42,450.45 ISK5,268,101	+73.9%
Taxi trip in downtown area (5 miles)	$13.24 CA$18.18	$24.05 ISK2,985	+81.7%
Average			+57.3%

Richmond Hill vs. Reykjavik - Cost of transportation

Improve prices · Change currency (USD)

pay 4.3% less for housing

	Richmond Hill	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$50.29 CA$69.07	$69.87 ISK8,670	+38.9%
1-Bedroom apartment in downtown area	$1,767.47 CA$2,427.18	$1,971.17 ISK244,622	+11.5%
1-Bedroom apartment outside city center	$1,903.98 CA$2,614.64	$1,803.44 ISK223,807	-5.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$142.85 CA$196.17	$53.95 ISK6,696	-62.2%
Average			-4.3%

Richmond Hill vs. Reykjavik - Cost of housing

Improve prices · Change currency (USD)

pay 60.6% less for childcare

	Richmond Hill	Reykjavik
Private preschool for 1 child, monthly	$646.64 CA$887.99	$252.14 ISK31,291	-61.0%
Middle school for 1 child, two semesters	$15,088.16 CA$20,719.81	$5,993.99 ISK743,855	-60.3%
Average			-60.6%

Richmond Hill vs. Reykjavik - Cost of childcare

Improve prices · Change currency (USD)

pay 58.7% more for entertainment and sports

	Richmond Hill	Reykjavik
Domestic/local beer (1 pint)	$4.85 CA$6.66	$10.81 ISK1,342	+122.9%
Cappuccino in mid-range area	$3.16 CA$4.34	$5.31 ISK658	+67.8%
Pack of cigarettes Marlboro or similar	$10.78 CA$14.80	$12.25 ISK1,520	+13.6%
Monthly membership at local gym	$46.70 CA$64.13	$69.95 ISK8,680	+49.8%
Movie ticket to theater/cinema	$10.60 CA$14.55	$14.77 ISK1,834	+39.4%
Average			+58.7%

Richmond Hill vs. Reykjavik - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.1 times more for clothing

	Richmond Hill	Reykjavik
Regular jeans Levi's brand	$43.11 CA$59.20	$108.97 ISK13,523	+152.8%
Regular dress from H&M or similar store	$52.09 CA$71.53	$49.72 ISK6,170	-4.5%
Running shoes Nike or Adidas	$61.07 CA$83.87	$151.85 ISK18,845	+148.7%
Men's business shoes (leather)	$81.37 CA$111.74	$194.16 ISK24,095	+138.6%
Average			+108.9%

Richmond Hill vs. Reykjavik - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

More cost comparisons

Richmond Hill vs.

Manila

Richmond Hill vs.

Ankara

Richmond Hill vs.

Beijing

Richmond Hill vs.

Bangkok

Richmond Hill vs.

Kiev

Richmond Hill vs.

Vienna

Richmond Hill vs.

Warsaw

Richmond Hill vs.

Cairo

Share this

Compare countries by overall cost of living

See the cost of living in Canada vs. Iceland. This provides a comparison of the average cost of living from cities within Canada and Iceland.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Richmond Hill

Add prices for Reykjavik

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Reykjavik or Richmond Hill. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.