Cost of Living in Penang
Summary about cost of living in Penang, Malaysia:
- Family of four estimated monthly costs are 1,709.2$ (7,536.6RM) without rent (using our estimator).
- A single person estimated monthly costs are 487.3$ (2,148.7RM) without rent.
- Penang is 63.9% less expensive than New York (without rent, see our cost of living index).
- Rent in Penang is, on average, 90.5% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 10.00 RM | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00 RM | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 18.00 RM | |
| Domestic Beer (1 pint draught) | 16.50 RM | |
| Imported Beer (12 oz small bottle) | 18.00 RM | |
| Cappuccino (regular) | 13.43 RM | |
| Coke/Pepsi (12 oz small bottle) | 2.56 RM | |
| Water (12 oz small bottle) | 2.10 RM | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 27.80 RM | |
| Loaf of Fresh White Bread (1 lb) | 3.85 RM | |
| Rice (white), (1 lb) | 2.46 RM | |
| Eggs (regular) (12) | 7.73 RM | |
| Local Cheese (1 lb) | 23.70 RM | |
| Chicken Fillets (1 lb) | 10.65 RM | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 16.90 RM | |
| Apples (1 lb) | 4.55 RM | |
| Banana (1 lb) | 2.77 RM | |
| Oranges (1 lb) | 4.88 RM | |
| Tomato (1 lb) | 2.19 RM | |
| Potato (1 lb) | 1.36 RM | |
| Onion (1 lb) | 1.74 RM | |
| Lettuce (1 head) | 4.60 RM | |
| Water (1.5 liter bottle) | 1.65 RM | |
| Bottle of Wine (Mid-Range) | 70.00 RM | |
| Domestic Beer (0.5 liter bottle) | 10.40 RM | |
| Imported Beer (12 oz small bottle) | 13.94 RM | |
| Cigarettes 20 Pack (Marlboro) | 18.50 RM | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 2.00 RM | |
| Monthly Pass (Regular Price) | 80.00 RM | |
| Taxi Start (Normal Tariff) | 5.50 RM | |
| Taxi 1 mile (Normal Tariff) | 2.90 RM | |
| Taxi 1hour Waiting (Normal Tariff) | 30.00 RM | |
| Gasoline (1 gallon) | 7.84 RM | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 170,000.00 RM | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 128,981.33 RM | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 219.90 RM | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.25 RM | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 123.58 RM | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 123.75 RM | |
| Tennis Court Rent (1 Hour on Weekend) | 16.67 RM | |
| Cinema, International Release, 1 Seat | 15.50 RM | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 762.50 RM | |
| International Primary School, Yearly for 1 Child | 27,800.00 RM | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 300.00 RM | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 135.00 RM | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 316.67 RM | |
| 1 Pair of Men Leather Business Shoes | 325.00 RM | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 1,509.39 RM | |
| Apartment (1 bedroom) Outside of Centre | 1,227.78 RM | |
| Apartment (3 bedrooms) in City Centre | 2,554.55 RM | |
| Apartment (3 bedrooms) Outside of Centre | 2,100.00 RM | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 787.57 RM | |
| Price per Square Feet to Buy Apartment Outside of Centre | 553.75 RM | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,077.78 RM | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.51 |
Prices in Penang
This city had 273 entries in the past 12 months by 43 different contributors.
Last update: March 2023
Last update: March 2023
Sources and References
Moving to Penang? Explore:
Distribution of Expenses Using Our Statistical Model:
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Nearby cities:| Cost of Living in George Town | 0.28 miles |
| Cost of Living in Bayan Lepas | 10.19 miles |
| Cost of Living in Butterworth | 15.17 miles |
| Cost of Living in Bukit Mertajam | 17.71 miles |
| Cost of Living in Kulim | 25.74 miles |
| Cost of Living in Serdang | 43.43 miles |
| Cost of Living in Jeniang | 58.42 miles |
| Cost of Living in Taiping | 62.60 miles |
| Cost of Living in Kedah | 70.34 miles |
| Cost of Living in Alor Setar | 70.78 miles |
This page in other languages:
 DeutschLebenshaltungskosten in Penang
|
 PortuguêsCusto de Vida em Penang
|
 ItalianoCosto della Vita a Penang
|
 FrançaisCoût de la Vie à Penang
|
 EspañolCosto de Vida en Penang
|
Leave a comment:5 Comments so far
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
Will.Jennifer
on Apr 12, 2020:
The reason why people have a mouth and two ears is because they listen twice as much as they say
CS
on Nov 26, 2019:
If you like to jog or hike or surrounded by greenery, we have Penang hill (many long and short tracks), botanical garden, and youth park. These kind of places don't cause you a single cent.
Anonymous
on Nov 26, 2019:
For transportation we now have the convenient of using e-hailing services such as Grab, Mula, MyCar.