Cost of Living in Penang

Summary of cost of living in Penang, Malaysia:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 13.00 RM 10.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 RM 70.00-150.00
McMeal at McDonalds (or Equivalent Combo Meal) 18.00 RM 16.00-20.00
Domestic Beer (1 pint draught) 18.00 RM 15.00-25.00
Imported Beer (12 oz small bottle) 18.75 RM 15.00-25.21
Cappuccino (regular) 13.30 RM 8.00-15.00
Coke/Pepsi (12 oz small bottle) 3.04 RM 2.00-5.00
Water (12 oz small bottle) 1.88 RM 1.30-5.00
Markets
Edit
Milk (regular), (1 gallon) 29.66 RM 22.71-37.85
Loaf of Fresh White Bread (1 lb) 3.86 RM 2.72-6.35
Rice (white), (1 lb) 3.85 RM 1.81-4.74
Eggs (regular) (12) 8.89 RM 4.92-11.52
Local Cheese (1 lb) 33.34 RM 17.69-45.36
Chicken Fillets (1 lb) 11.21 RM 5.44-14.51
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 28.46 RM 13.61-45.36
Apples (1 lb) 5.48 RM 3.18-7.26
Banana (1 lb) 2.86 RM 1.81-3.40
Oranges (1 lb) 5.10 RM 3.18-6.35
Tomato (1 lb) 2.66 RM 1.36-7.26
Potato (1 lb) 1.68 RM 1.36-4.04
Onion (1 lb) 2.10 RM 1.36-4.99
Lettuce (1 head) 3.94 RM 1.50-6.40
Water (1.5 liter bottle) 2.12 RM 1.70-3.00
Bottle of Wine (Mid-Range) 60.00 RM 18.00-90.00
Domestic Beer (0.5 liter bottle) 11.32 RM 10.61-13.00
Imported Beer (12 oz small bottle) 14.62 RM 10.00-20.00
Cigarettes 20 Pack (Marlboro) 18.00 RM 17.40-19.00
Transportation
Edit
One-way Ticket (Local Transport) 2.00 RM 2.00-3.00
Monthly Pass (Regular Price) 75.00 RM 50.00-217.39
Taxi Start (Normal Tariff) 3.00 RM 3.00-10.00
Taxi 1 mile (Normal Tariff) 3.70 RM 1.61-9.66
Taxi 1hour Waiting (Normal Tariff) 30.00 RM 30.00-30.00
Gasoline (1 gallon) 7.76 RM 7.76-8.14
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 167,112.73 RM 165,000.00-169,225.45
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 127,222.00 RM 115,000.00-128,888.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 170.26 RM 100.00-340.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 43.00 RM 25.00-60.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 127.07 RM 99.00-170.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 139.00 RM 70.00-240.00
Tennis Court Rent (1 Hour on Weekend) 23.33 RM 15.00-25.00
Cinema, International Release, 1 Seat 21.00 RM 15.00-35.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,010.00 RM 650.00-1,400.00
International Primary School, Yearly for 1 Child 22,875.00 RM 15,000.00-40,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 287.50 RM 100.00-400.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 122.50 RM 90.00-200.00
1 Pair of Nike Running Shoes (Mid-Range) 260.00 RM 170.00-500.00
1 Pair of Men Leather Business Shoes 248.75 RM 150.00-300.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,833.33 RM 1,000.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,050.00 RM 550.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,137.50 RM 2,000.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,177.78 RM 1,500.00-3,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,032.40 RM 793.99-1,199.99
Price per Square Feet to Buy Apartment Outside of Centre 735.13 RM 508.64-999.99
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,356.67 RM
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.16 3.00-5.25

Prices in Penang

This city had 460 entries in the past 12 months by 65 different contributors.
Last update: December 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
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3 Comments so far
CP on Sep 01, 2024:
Why doesn't this budget take into account health expenses?
Thomas Maresco on Oct 17, 2020:
I am asking for help ....I have someone in penang Malaysia , who insists they need 300 USD a week for food and even then they tell me they eat very modestly such as nasi gorang and maybe egg and spaghetti , was also told 12 eggs cost 18 USD and a loaf of bread is 6 USD ... I think I am being taken advantage of . could someone please email me cheftom12@gmail.com and let me know ...thank you very much
jeffrey william emack on Sep 03, 2020:
is there a list i can see that shows number 1 ranked to last placed