Cost of Living in Penang

Summary about cost of living in Penang, Malaysia:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 2.40 $ 1.68-4.80
Meal for 2 People, Mid-range Restaurant, Three-course 12.61 $ 9.60-24.01
McMeal at McDonalds (or Equivalent Combo Meal) 3.60 $ 3.36-4.32
Domestic Beer (1 pint draught) 3.60 $ 2.40-6.00
Imported Beer (12 oz small bottle) 3.84 $ 2.40-7.20
Cappuccino (regular) 2.75 $ 1.20-4.32
Coke/Pepsi (12 oz small bottle) 0.56 $ 0.48-1.20
Water (12 oz small bottle) 0.32 $ 0.24-0.48
Markets
Edit
Milk (regular), (1 gallon) 6.14 $ 3.64-7.27
Loaf of Fresh White Bread (1 lb) 0.80 $ 0.44-1.96
Rice (white), (1 lb) 0.41 $ 0.27-1.09
Eggs (regular) (12) 1.44 $ 0.77-2.02
Local Cheese (1 lb) 4.50 $ 3.27-9.80
Chicken Fillets (1 lb) 2.13 $ 0.65-2.45
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.55 $ 1.63-8.71
Apples (1 lb) 1.02 $ 0.54-1.36
Banana (1 lb) 0.66 $ 0.43-1.09
Oranges (1 lb) 0.94 $ 0.44-1.63
Tomato (1 lb) 0.51 $ 0.43-0.65
Potato (1 lb) 0.34 $ 0.27-0.44
Onion (1 lb) 0.42 $ 0.36-0.44
Lettuce (1 head) 0.82 $ 0.18-0.96
Water (1.5 liter bottle) 0.40 $ 0.24-0.60
Bottle of Wine (Mid-Range) 19.21 $ 14.41-20.41
Domestic Beer (0.5 liter bottle) 2.31 $ 1.20-3.27
Imported Beer (12 oz small bottle) 3.08 $ 1.48-4.32
Cigarettes 20 Pack (Marlboro) 4.20 $ 4.08-4.80
Transportation
Edit
One-way Ticket (Local Transport) 0.48 $ 0.43-0.58
Monthly Pass (Regular Price) 16.21 $ 12.01-26.41
Taxi Start (Normal Tariff) 1.32 $ 1.20-2.16
Taxi 1 mile (Normal Tariff) 0.77 $ 0.39-1.93
Taxi 1hour Waiting (Normal Tariff) 6.00 $ 4.80-7.20
Gasoline (1 gallon) 1.91 $ 1.57-2.27
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 40,821.23 $ 37,387.68-43,244.09
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 29,602.53 $ 28,814.98-33,617.48
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 44.28 $ 20.41-72.04
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.06 $ 0.03-0.07
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 29.46 $ 24.01-36.02
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 29.50 $ 24.01-36.02
Tennis Court Rent (1 Hour on Weekend) 1.84 $ 1.20-2.40
Cinema, International Release, 1 Seat 3.60 $ 2.88-4.32
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 215.43 $ 163.28-240.12
International Primary School, Yearly for 1 Child 7,793.77 $ 4,610.40-11,525.99
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 53.11 $ 30.02-84.04
1 Summer Dress in a Chain Store (Zara, H&M, ...) 25.55 $ 7.20-34.79
1 Pair of Nike Running Shoes (Mid-Range) 71.65 $ 43.22-108.06
1 Pair of Men Leather Business Shoes 73.21 $ 48.02-96.05
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 297.83 $ 198.82-432.22
Apartment (1 bedroom) Outside of Centre 208.25 $ 120.06-768.40
Apartment (3 bedrooms) in City Centre 544.78 $ 360.19-795.29
Apartment (3 bedrooms) Outside of Centre 408.21 $ 288.15-600.31
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 174.97 $ 120.06-216.11
Price per Square Feet to Buy Apartment Outside of Centre 120.96 $ 96.05-151.70
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 3.30-4.44

Prices in Penang

This city had 403 entries in the past 12 months by 47 different contributors.
Last update: June 2021
Sources and References
Sign up for our newsletter:
Your Email Address:
  
  
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

6 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.
Penangite on Jan 23, 2019:
Renting is Penang island is relatively cheap compared to the housing price. (More details on ibilik.com)
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.