Cost of Living in Penang
Summary about cost of living in Penang, Malaysia:
- Family of four estimated monthly costs are 1,607.61$ (6,694.90RM) without rent (using our estimator).
- A single person estimated monthly costs are 454.26$ (1,891.78RM) without rent.
- Penang is 61.60% less expensive than New York (without rent, see our cost of living index).
- Rent in Penang is, on average, 90.12% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2.40 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 12.61 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 3.60 $ | |
| Domestic Beer (1 pint draught) | 3.60 $ | |
| Imported Beer (12 oz small bottle) | 3.84 $ | |
| Cappuccino (regular) | 2.75 $ | |
| Coke/Pepsi (12 oz small bottle) | 0.56 $ | |
| Water (12 oz small bottle) | 0.32 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 6.14 $ | |
| Loaf of Fresh White Bread (1 lb) | 0.80 $ | |
| Rice (white), (1 lb) | 0.41 $ | |
| Eggs (regular) (12) | 1.44 $ | |
| Local Cheese (1 lb) | 4.50 $ | |
| Chicken Fillets (1 lb) | 2.13 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 3.55 $ | |
| Apples (1 lb) | 1.02 $ | |
| Banana (1 lb) | 0.66 $ | |
| Oranges (1 lb) | 0.94 $ | |
| Tomato (1 lb) | 0.51 $ | |
| Potato (1 lb) | 0.34 $ | |
| Onion (1 lb) | 0.42 $ | |
| Lettuce (1 head) | 0.82 $ | |
| Water (1.5 liter bottle) | 0.40 $ | |
| Bottle of Wine (Mid-Range) | 19.21 $ | |
| Domestic Beer (0.5 liter bottle) | 2.31 $ | |
| Imported Beer (12 oz small bottle) | 3.08 $ | |
| Cigarettes 20 Pack (Marlboro) | 4.20 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 0.48 $ | |
| Monthly Pass (Regular Price) | 16.21 $ | |
| Taxi Start (Normal Tariff) | 1.32 $ | |
| Taxi 1 mile (Normal Tariff) | 0.77 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 6.00 $ | |
| Gasoline (1 gallon) | 1.91 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 40,821.23 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 29,602.53 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 44.28 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.06 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 29.46 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 29.50 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 1.84 $ | |
| Cinema, International Release, 1 Seat | 3.60 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 215.43 $ | |
| International Primary School, Yearly for 1 Child | 7,793.77 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 53.11 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 25.55 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 71.65 $ | |
| 1 Pair of Men Leather Business Shoes | 73.21 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 297.83 $ | |
| Apartment (1 bedroom) Outside of Centre | 208.25 $ | |
| Apartment (3 bedrooms) in City Centre | 544.78 $ | |
| Apartment (3 bedrooms) Outside of Centre | 408.21 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 174.97 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 120.96 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 844.09 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.18 |
Prices in Penang
This city had 403 entries in the past 12 months by 47 different contributors.
Last update: June 2021
Last update: June 2021
Sources and References
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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
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.