Cost of Living in Penang
Summary about cost of living in Penang:
- Four-person family monthly costs: 1,661.66$ (7,250.67RM) without rent (using our estimator).
- A single person monthly costs: 462.57$ (2,018.43RM) without rent.
- Cost of living index in Penang is 60.31% lower than in New York.
- Rent in Penang is, on average, 91.23% lower than in New York.
- Cost of living rank 312th out of 488 cities in the world.
- Penang has a cost of living index of 39.69.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2.29 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 13.18 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 3.44 $ | |
| Domestic Beer (1 pint draught) | 3.67 $ | |
| Imported Beer (12 oz small bottle) | 4.01 $ | |
| Cappuccino (regular) | 2.69 $ | |
| Coke/Pepsi (12 oz small bottle) | 0.55 $ | |
| Water (12 oz small bottle) | 0.30 $ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 6.03 $ | |
| Loaf of Fresh White Bread (1 lb) | 0.77 $ | |
| Rice (white), (1 lb) | 0.47 $ | |
| Eggs (regular) (12) | 1.22 $ | |
| Local Cheese (1 lb) | 4.89 $ | |
| Chicken Fillets (1 lb) | 1.22 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 5.37 $ | |
| Apples (1 lb) | 1.55 $ | |
| Banana (1 lb) | 0.56 $ | |
| Oranges (1 lb) | 0.95 $ | |
| Tomato (1 lb) | 0.53 $ | |
| Potato (1 lb) | 0.36 $ | |
| Onion (1 lb) | 0.41 $ | |
| Lettuce (1 head) | 0.73 $ | |
| Water (1.5 liter bottle) | 0.44 $ | |
| Bottle of Wine (Mid-Range) | 16.04 $ | |
| Domestic Beer (0.5 liter bottle) | 2.34 $ | |
| Imported Beer (12 oz small bottle) | 3.44 $ | |
| Cigarettes 20 Pack (Marlboro) | 4.00 $ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 0.46 $ | |
| Monthly Pass (Regular Price) | 15.47 $ | |
| Taxi Start (Normal Tariff) | 1.38 $ | |
| Taxi 1 mile (Normal Tariff) | 0.74 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 5.73 $ | |
| Gasoline (1 gallon) | 1.87 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 39,348.00 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 28,119.07 $ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 35.15 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.06 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 29.87 $ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 33.99 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 1.76 $ | |
| Cinema, International Release, 1 Seat | 3.44 $ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 201.67 $ | |
| International Primary School, Yearly for 1 Child | 6,909.59 $ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 48.72 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 19.48 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 62.60 $ | |
| 1 Pair of Men Leather Business Shoes | 72.21 $ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 248.38 $ | |
| Apartment (1 bedroom) Outside of Centre | 177.99 $ | |
| Apartment (3 bedrooms) in City Centre | 541.08 $ | |
| Apartment (3 bedrooms) Outside of Centre | 397.23 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 164.56 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 113.68 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 851.43 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.19 |
Prices in Penang
These data are based on 666 entries in the past 18 months from 82 different contributors.
Last update: May 2020
Last update: May 2020
Sources and References
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8 Comments so far
Buying house near industrial area cost ~RM500/sqf, ~RM750/sqf nearby bay area, ~RM600/sqf near town area. Housing price in mainland Penang is relatively much cheaper, you can get a landed house with the same price you get a condominium in island. (More details on propertyguru website) However, foreigner can only purchase a house which is more than RM1mil.
You will need a car to move around, public transport is not at best yet. Or at least you need a motorcycle, this will help to escape the traffic and convenient for parking.
Eating out in Penang is extremely cheap if you go for food courts, average ~RM10 per person per meal, not to forget Penang has the best hawker foods with wide diversity. Going to air conditioned restaurant can range from RM25 to sky high. Cooking at home for 2 pax or single is not the best option, unless you are doing that for own health conscious.
Hanging out in Penang is very convenient, there are shopping malls/bars/restaurants anywhere within 5min drive. Traffic can be nightmare during peak working hours (8am and 5pm) anywhere near industry area/Penang Bridge/Town.
There are many clinics in Penang, most of them are 16hrs and some even 24hrs. Not sure if foreigners are charged differently. Clinic doctor consultation range from RM15+.
Overall, you will need around RM4000 if you are single to live a decent life in Penang.
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
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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.