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Cost of Living in Penang
Summary about cost of living in Penang:
- Four-person family monthly costs: 1,856.20$ (7,804.41RM) without rent (using our estimator).
- A single person monthly costs: 507.91$ (2,135.52RM) without rent.
- Cost of living index in Penang is 50.99% lower than in New York.
- Cost of living rank 366th out of 517 cities in the world.
- Penang has a cost of living index of 49.01.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 2.85 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 16.65 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 3.09 $ | |
| Domestic Beer (1 pint draught) | 3.09 $ | |
| Imported Beer (11.2 oz small bottle) | 3.57 $ | |
| Cappuccino (regular) | 2.54 $ | |
| Coke/Pepsi (11.2 oz small bottle) | 0.57 $ | |
| Water (11.2 oz small bottle) | 0.30 $ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 6.57 $ | |
| Loaf of Fresh White Bread (1 lb) | 0.70 $ | |
| Rice (white), (1 lb) | 0.38 $ | |
| Eggs (regular) (12) | 1.24 $ | |
| Local Cheese (1 lb) | 10.46 $ | |
| Chicken Breasts (Boneless, Skinless), (1 lb) | 1.41 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 4.26 $ | |
| Apples (1 lb) | 1.37 $ | |
| Banana (1 lb) | 0.57 $ | |
| Oranges (1 lb) | 1.15 $ | |
| Tomato (1 lb) | 0.53 $ | |
| Potato (1 lb) | 0.51 $ | |
| Onion (1 lb) | 0.81 $ | |
| Lettuce (1 head) | 0.97 $ | |
| Water (1.5 liter bottle) | 0.53 $ | |
| Bottle of Wine (Mid-Range) | 14.27 $ | |
| Domestic Beer (0.5 liter bottle) | 1.74 $ | |
| Imported Beer (11.2 oz small bottle) | 3.32 $ | |
| Pack of Cigarettes (Marlboro) | 4.04 $ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 0.55 $ | |
| Monthly Pass (Regular Price) | 22.59 $ | |
| Taxi Start (Normal Tariff) | 2.26 $ | |
| Taxi 1 mile (Normal Tariff) | 1.07 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 8.32 $ | |
| Gasoline (1 gallon) | 1.80 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 35,081.39 $ | |
| Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) | 27,054.29 $ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment | 34.90 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.06 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 37.72 $ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 32.19 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 4.38 $ | |
| Cinema, International Release, 1 Seat | 3.57 $ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Private, Monthly for 1 Child | 99.10 $ | |
| International Primary School, Yearly for 1 Child | 11,083.34 $ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 54.49 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 29.23 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 64.02 $ | |
| 1 Pair of Men Leather Business Shoes | 71.35 $ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 240.22 $ | |
| Apartment (1 bedroom) Outside of Centre | 179.04 $ | |
| Apartment (3 bedrooms) in City Centre | 567.64 $ | |
| Apartment (3 bedrooms) Outside of Centre | 408.04 $ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 165.73 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 97.81 $ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 815.64 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly | 4.71 |
Prices in Penang
These data are based on 799 entries in the past 18 months from 105 different contributors.
Last update: September 2017
Last update: September 2017
Sources and References:
No sources and references provided yet.
No sources and references provided yet.
8 Comments so far
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.