Cost of Living in Penang

Summary about cost of living in Penang:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 12.00 RM 8.00-18.00
Meal for 2 People, Mid-range Restaurant, Three-course 65.00 RM 50.00-85.00
McMeal at McDonalds (or Equivalent Combo Meal) 13.00 RM 10.00-15.00
Domestic Beer (1 pint draught) 15.00 RM 10.00-20.00
Imported Beer (12 oz small bottle) 15.00 RM 10.00-18.00
Cappuccino (regular) 10.61 RM 8.00-14.00
Coke/Pepsi (12 oz small bottle) 2.42 RM 1.80-3.00
Water (12 oz small bottle) 1.44 RM 1.00-2.00
Markets [ Edit ]
Milk (regular), (1 gallon) 28.05 RM 25.74-30.28
Loaf of Fresh White Bread (1 lb) 2.64 RM 2.27-3.18
Rice (white), (1 lb) 2.24 RM 1.36-3.63
Eggs (regular) (12) 5.37 RM 3.60-6.00
Local Cheese (1 lb) 32.02 RM 18.14-40.82
Chicken Breasts (Boneless, Skinless), (1 lb) 5.93 RM 4.54-6.80
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 18.37 RM 9.07-36.29
Apples (1 lb) 4.90 RM 3.18-6.35
Banana (1 lb) 2.49 RM 2.27-3.18
Oranges (1 lb) 4.72 RM 4.35-5.44
Tomato (1 lb) 2.04 RM 1.81-2.27
Potato (1 lb) 1.90 RM 1.72-2.27
Onion (1 lb) 2.36 RM 1.49-4.54
Lettuce (1 head) 3.60 RM 3.00-5.00
Water (1.5 liter bottle) 2.05 RM 1.50-3.00
Bottle of Wine (Mid-Range) 61.00 RM 50.00-80.00
Domestic Beer (0.5 liter bottle) 7.09 RM 4.28-10.00
Imported Beer (12 oz small bottle) 12.94 RM 10.00-15.00
Cigarettes 20 Pack (Marlboro) 17.25 RM 17.00-18.50
Transportation [ Edit ]
One-way Ticket (Local Transport) 2.15 RM 2.00-3.00
Monthly Pass (Regular Price) 75.00 RM 45.00-120.00
Taxi Start (Normal Tariff) 10.75 RM 5.00-15.00
Taxi 1 mile (Normal Tariff) 4.51 RM 3.22-4.83
Taxi 1hour Waiting (Normal Tariff) 27.50 RM 25.00-30.00
Gasoline (1 gallon) 8.47 RM 8.32-8.90
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 150,617.50 RM 150,000.00-155,701.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 117,748.39 RM 110,790.33-120,900.00
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 118.30 RM 50.00-200.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.24 RM 0.12-0.30
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 159.17 RM 120.00-249.00
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 134.08 RM 100.00-199.00
Tennis Court Rent (1 Hour on Weekend) 18.00 RM 10.00-30.00
Cinema, International Release, 1 Seat 15.00 RM 13.00-17.00
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 446.67 RM 280.00-800.00
International Primary School, Yearly for 1 Child 34,760.00 RM 14,400.00-63,000.00
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 185.92 RM 100.00-300.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 97.70 RM 75.00-150.00
1 Pair of Nike Running Shoes (Mid-Range) 268.18 RM 200.00-350.00
1 Pair of Men Leather Business Shoes 289.78 RM 250.00-320.00
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 1,004.55 RM 700.00-1,500.00
Apartment (1 bedroom) Outside of Centre 779.17 RM 400.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,440.00 RM 1,500.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,516.67 RM 800.00-2,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 713.82 RM 639.99-789.67
Price per Square Feet to Buy Apartment Outside of Centre 443.91 RM 418.06-467.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 3,490.08 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.44 3.50-4.80

Prices in Penang

These data are based on 746 entries in the past 18 months from 90 different contributors.
Last update: December 2018
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6 Comments so far

#Dnyanesh Shipalkar on May 17, 2017 :
Hi All,
what will be the monthly expense for a single person in penang for a month as employee & how much will be the monthly expenses for a family of four
#MoDonald on Jan 06, 2017 :
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#Karl on Dec 13, 2016 :
Public transport has been improving over the years, average bus waiting time may take 15 mins outside of city, and 5 mins in city area.

Bicycle are not recommended as a travel method from outskirt to city as there is no designated bicycle lane, but renting bicycle in some well known traveller hotspots are still available.

If you have a car, travelling time from outskirt (Batu Ferringhi, a famous tourist seaside attraction) to town takes about 40mins. If you work at the industrial area or nearby airport, travelling time may be 1 hour + (depending on traffic). This is the extreme example of travelling from Northwest to Southeast on Penang Island.

If your salary is above RM5000 per month or more, you should be able to rent a decent house in city area, and still can enjoy a decent lifestyle. I would say RM3500 is the minimum if you are staying alone.
#Mandrake on Aug 12, 2016 :
Public transport is the most pathetic in Penang. One of the least pedestrian and bicycle friendly place after India.
#david Thomson on Jun 08, 2015 :
Is it possible to live a reasonable lifestyle in Penang on $2000 aussie dollars a month ?
#teh on Dec 15, 2014 :
The hawkers food in PENANG increased price tremendously. A plate of noodle is RM5 ..the noodle use to be rm3.50...others example: fresh egg @ 43cents per nos...government should look into this matter urgently. Effected the people here as no control in pricing from the government n no random check on the seller. Tq.