Cost of living comparison

Iceland

compared to

Canada

Richmond Hill vs. Reykjavik Cost of Living Summary

Richmond Hill is 35.1% cheaper than Reykjavik.

Restaurants: pay 52.2% less in Richmond Hill
Groceries: pay 28.8% less in Richmond Hill
Transportation: pay 34.9% less in Richmond Hill
Housing: pay 16.0% less in Richmond Hill
Childcare: pay 65.5% less in Richmond Hill
Entertainment and Sports: pay 48.7% less in Richmond Hill
Clothing: pay 56.9% less in Richmond Hill

Expenses including childcare, clothing, restaurants, entertainment and sports, transportation, and groceries are lower in Richmond Hill.

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Richmond Hill vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 52.2% less for restaurants

	Reykjavik	Richmond Hill
Basic meal with drink at inexpensive restaurant	$31.06 ISK3,782	$17.53 CA$24.55	-43.5%
Fast food combo meal McDonalds, or similar	$26.97 ISK3,284	$10.52 CA$14.73	-61.0%
Bottle of Coca-Cola (11 fl. oz)	$3.31 ISK404	$1.72 CA$2.41	-48.0%
Bottle of water (11 fl. oz)	$3.11 ISK378	$1.32 CA$1.84	-57.6%
Average			-52.2%

Reykjavik vs. Richmond Hill - Cost of restaurants

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pay 28.8% less for groceries

	Reykjavik	Richmond Hill
Bread 1 loaf	$4.19 ISK511	$2.63 CA$3.68	-37.3%
Local cheese (8 oz)	$10.93 ISK1,331	$5.36 CA$7.51	-51.0%
Milk (1 gallon)	$7.78 ISK947	$10.25 CA$14.36	+31.9%
Eggs 1 dozen	$7.08 ISK862	$4.38 CA$6.13	-38.1%
Boneless chicken breast (1 lb)	$11.00 ISK1,340	$5.04 CA$7.05	-54.2%
Apples (1 lb)	$1.50 ISK183	$1.66 CA$2.33	+10.6%
Bananas (1 lb)	$1.27 ISK154	$0.59 CA$0.82	-53.7%
Oranges (1 lb)	$1.46 ISK178	$1.52 CA$2.12	+3.9%
Tomatoes (1 lb)	$2.93 ISK357	$1.84 CA$2.57	-37.4%
Potatoes (1 lb)	$1.78 ISK216	$0.92 CA$1.28	-48.3%
Onions (1 lb)	$0.76 ISK92	$0.91 CA$1.27	+20.0%
Average			-28.8%

Reykjavik vs. Richmond Hill - Cost of groceries

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pay 34.9% less for transportation

	Reykjavik	Richmond Hill
Gasoline (1 gallon)	$7.76 ISK946	$4.52 CA$6.33	-41.8%
Monthly public transit pass	$94.80 ISK11,545	$108.01 CA$151.24	+13.9%
New Volkswagen Golf 1.4 (standard edition)	$50,588.43 ISK6M	$27,760.48 CA$38,871.61	-45.1%
Taxi trip in downtown area (5 miles)	$29.26 ISK3,563	$11.70 CA$16.38	-60.0%
Average			-34.9%

Reykjavik vs. Richmond Hill - Cost of transportation

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pay 16.0% less for housing

	Reykjavik	Richmond Hill
Internet connection 50 mbps or faster, cable/dsl	$86.01 ISK10,474	$45.49 CA$63.70	-47.1%
1-Bedroom apartment in downtown area	$2,522.88 ISK307K	$1,776.82 CA$2,487.99	-29.6%
1-Bedroom apartment outside city center	$2,032.25 ISK247K	$1,753.44 CA$2,455.26	-13.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$73.44 ISK8,943	$106.92 CA$149.71	+45.6%
Average			-16.0%

Reykjavik vs. Richmond Hill - Cost of housing

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pay 65.5% less for childcare

	Reykjavik	Richmond Hill
Private preschool for 1 child, monthly	$1,185.23 ISK144K	$346.92 CA$485.77	-70.7%
Middle school for 1 child, two semesters	$25,853.51 ISK3M	$10,520.65 CA$14,731.53	-59.3%
Average			-65.5%

Reykjavik vs. Richmond Hill - Cost of childcare

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pay 48.7% less for entertainment and sports

	Reykjavik	Richmond Hill
Domestic/local beer (1 pint)	$13.89 ISK1,692	$5.61 CA$7.86	-59.6%
Cappuccino in mid-range area	$6.74 ISK821	$3.60 CA$5.05	-46.5%
Pack of cigarettes Marlboro or similar	$13.89 ISK1,692	$13.32 CA$18.65	-4.1%
Monthly membership at local gym	$100.25 ISK12,209	$44.71 CA$62.61	-55.4%
Movie ticket to theater/cinema	$19.57 ISK2,384	$10.52 CA$14.73	-46.3%
Average			-48.7%

Reykjavik vs. Richmond Hill - Cost of entertainment and sports

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pay 56.9% less for clothing

	Reykjavik	Richmond Hill
Regular jeans Levi's brand	$149.01 ISK18,147	$43.12 CA$60.38	-71.1%
Regular dress from H&M or similar store	$65.79 ISK8,012	$37.37 CA$52.33	-43.2%
Running shoes Nike or Adidas	$181.84 ISK22,145	$92.90 CA$130.08	-48.9%
Men's business shoes (leather)	$248.81 ISK30,300	$101.98 CA$142.79	-59.0%
Average			-56.9%

Reykjavik vs. Richmond Hill - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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