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$22.14	$20.00 ISK2,527	+23.7%
Fast food combo meal McDonalds, or similar	$8.98 CA$12.30	$18.02 ISK2,277	+100.6%
Bottle of Coca-Cola (11 fl. oz)	$1.98 CA$2.72	$3.15 ISK399	+59.0%
Bottle of water (11 fl. oz)	$1.35 CA$1.84	$2.19 ISK276	+62.4%
Average			+61.4%

Richmond Hill vs. Reykjavik - Cost of restaurants

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pay 50.3% more for groceries

	Richmond Hill	Reykjavik
Bread 1 loaf	$2.26 CA$3.10	$3.61 ISK456	+59.8%
Local cheese (8 oz)	$3.56 CA$4.87	$7.76 ISK980	+118.1%
Milk (1 gallon)	$10.90 CA$14.93	$6.40 ISK809	-41.3%
Eggs 1 dozen	$3.09 CA$4.23	$5.76 ISK727	+86.5%
Boneless chicken breast (1 lb)	$3.74 CA$5.13	$9.45 ISK1,194	+152.3%
Apples (1 lb)	$1.89 CA$2.59	$1.40 ISK177	-25.9%
Bananas (1 lb)	$0.57 CA$0.78	$1.01 ISK128	+77.2%
Oranges (1 lb)	$0.81 CA$1.12	$1.22 ISK154	+49.4%
Tomatoes (1 lb)	$1.52 CA$2.08	$2.22 ISK281	+46.3%
Potatoes (1 lb)	$1.08 CA$1.48	$1.43 ISK181	+32.8%
Onions (1 lb)	$0.95 CA$1.30	$0.93 ISK118	-1.5%
Average			+50.3%

Richmond Hill vs. Reykjavik - Cost of groceries

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pay 57.3% more for transportation

	Richmond Hill	Reykjavik
Gasoline (1 gallon)	$4.13 CA$5.65	$8.50 ISK1,074	+106.0%
Monthly public transit pass	$110.65 CA$151.55	$74.95 ISK9,472	-32.3%
New Volkswagen Golf 1.4 (standard edition)	$24,412.64 CA$33,436.77	$42,450.45 ISK5,364,463	+73.9%
Taxi trip in downtown area (5 miles)	$13.24 CA$18.13	$24.05 ISK3,039	+81.7%
Average			+57.3%

Richmond Hill vs. Reykjavik - Cost of transportation

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pay 4.3% less for housing

	Richmond Hill	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$50.29 CA$68.88	$69.87 ISK8,829	+38.9%
1-Bedroom apartment in downtown area	$1,767.47 CA$2,420.82	$1,971.17 ISK249,097	+11.5%
1-Bedroom apartment outside city center	$1,903.98 CA$2,607.79	$1,803.44 ISK227,901	-5.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$142.85 CA$195.66	$53.95 ISK6,818	-62.2%
Average			-4.3%

Richmond Hill vs. Reykjavik - Cost of housing

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pay 60.6% less for childcare

	Richmond Hill	Reykjavik
Private preschool for 1 child, monthly	$646.64 CA$885.66	$252.14 ISK31,863	-61.0%
Middle school for 1 child, two semesters	$15,088.16 CA$20,665.50	$5,993.99 ISK757,461	-60.3%
Average			-60.6%

Richmond Hill vs. Reykjavik - Cost of childcare

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pay 58.7% more for entertainment and sports

	Richmond Hill	Reykjavik
Domestic/local beer (1 pint)	$4.85 CA$6.64	$10.81 ISK1,366	+122.9%
Cappuccino in mid-range area	$3.16 CA$4.33	$5.31 ISK670	+67.8%
Pack of cigarettes Marlboro or similar	$10.78 CA$14.76	$12.25 ISK1,547	+13.6%
Monthly membership at local gym	$46.70 CA$63.96	$69.95 ISK8,839	+49.8%
Movie ticket to theater/cinema	$10.60 CA$14.52	$14.77 ISK1,867	+39.4%
Average			+58.7%

Richmond Hill vs. Reykjavik - Cost of entertainment and sports

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pay 2.1 times more for clothing

	Richmond Hill	Reykjavik
Regular jeans Levi's brand	$43.11 CA$59.04	$108.97 ISK13,771	+152.8%
Regular dress from H&M or similar store	$52.09 CA$71.35	$49.72 ISK6,283	-4.5%
Running shoes Nike or Adidas	$61.07 CA$83.65	$151.85 ISK19,190	+148.7%
Men's business shoes (leather)	$81.37 CA$111.45	$194.16 ISK24,536	+138.6%
Average			+108.9%

Richmond Hill vs. Reykjavik - Cost of clothing

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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

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