| Apartment Rentals | The average cost of renting an apartment in Penang is around RM1,500 to RM2,500 per month, depending on the size and location of the apartment. |
| Apartment Purchases | The average cost of purchasing an apartment in Penang is around RM400,000 to RM1,000,000, depending on the size and location of the apartment. |
| Transportation | The cost of transportation in Penang is relatively low. A one-way bus ticket costs around RM1.50, while a taxi ride costs around RM3.00 to RM5.00. |
| Groceries | The cost of groceries in Penang is relatively low. A kilogram of rice costs around RM2.50, while a liter of milk costs around RM3.50. |
| Restaurants | The cost of eating out in Penang is relatively low. A meal at a local restaurant costs around RM10.00, while a meal at a mid-range restaurant costs around RM20.00. |
| Utilities | The cost of utilities in Penang is relatively low. The average monthly cost of electricity is around RM100.00, while the average monthly cost of water is around RM30.00. |
| Private School Tuition | The cost of private school tuition in Penang varies depending on the school. The average cost of preschool tuition is around RM1,000 to RM2,000 per month, while the average cost of elementary school tuition is around RM2,000 to RM3,000 per month. The average cost of middle school tuition is around RM3,000 to RM4,000 per month, while the average cost of high school tuition is around RM4,000 to RM5,000 per month. |
Monthly Budget for Retirees in Penang
“In Penang you can easily live for under $800. Our budget was over that but 1/5 the cost of living in Newport Beach, Ca or Maui and a better lifestyle,” said one expat living in Tojong Tokong, Penang Island.
“The cost of living in Penang is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive, while rent and dining out can be slightly more expensive. Overall, Penang is a great place to live for those looking for a budget-friendly lifestyle,” wrote a member in Penang.
Can I live in Penang on $1,500 a month?
“I’ve been living in Penang for a while now, and I can tell you that it’s definitely possible to live comfortably on $1,500 a month, but you’ll have to make some adjustments and sacrifices. First, you’ll need to find an affordable place to live. Some of the more affordable neighborhoods in Penang include Gelugor, Jelutong, and Paya Terubong. These areas have a good mix of local and expat residents, and you can find decent apartments or condos for around $500 to $700 a month. I would avoid the more expensive neighborhoods like Tanjung Bungah, Gurney Drive, and Batu Ferringhi, as rents can be much higher there.Next, you’ll need to be mindful of your transportation costs. Owning a car can be expensive in Malaysia, so I’d recommend using public transportation or getting a scooter or motorcycle. The Rapid Penang bus system is quite reliable and affordable, and a monthly pass costs around $30. If you prefer a scooter, you can find a decent used one for around $1,000, and the cost of fuel and maintenance is quite low.When it comes to food, eating out at local hawker stalls and food courts is very affordable and delicious. You can get a filling meal for around $2 to $4. However, if you prefer Western food or dining at more upscale restaurants, the costs can add up quickly. I’d recommend cooking at home as much as possible and shopping at local markets for fresh produce and ingredients. This can help you save a significant amount on your monthly food expenses.Entertainment and leisure activities can also be quite affordable in Penang. There are plenty of free or low-cost attractions, such as the Penang Hill, Kek Lok Si Temple, and various beaches. However, if you’re used to frequenting bars and clubs, you’ll find that alcohol can be quite expensive in Malaysia due to high taxes. You might need to cut back on your nightlife activities or look for happy hour deals to stay within your budget.In summary, living comfortably on $1,500 a month in Penang is possible, but you’ll need to make some sacrifices and adjustments to your lifestyle. By choosing an affordable neighborhood, using public transportation, eating local food, and being mindful of your entertainment expenses, you can enjoy a good quality of life in this beautiful and diverse city,” commented an expat living in Penang.
Can I live in Penang on $3,500 a month?
“I’ve been living in Penang for a few years now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, even if you’re used to modern amenities. However, you might have to make a few sacrifices to make it work. For example, you might not be able to dine out at fancy restaurants every night or live in the most luxurious apartment, but you can still enjoy a good quality of life.When it comes to housing, I’d recommend looking for a place in affordable neighborhoods like Gelugor, Jelutong, or Tanjung Bungah. These areas offer a good mix of local and expat communities, and you can find decent apartments or houses for around $500 to $1,000 per month. On the other hand, you might want to avoid more expensive neighborhoods like Gurney Drive or Tanjung Tokong, where rents can be much higher.In terms of transportation, owning a car can be quite expensive due to import taxes and high petrol prices. However, you can save money by using public transportation like buses or Grab, which is the local version of Uber. Alternatively, you can also rent a scooter or motorcycle for a more affordable and convenient way to get around.Eating out can be quite affordable in Penang, especially if you stick to local hawker stalls and food courts. You can enjoy delicious meals for just a few dollars, and there’s a wide variety of cuisines to choose from. However, if you prefer to cook at home, groceries can be a bit more expensive, especially for imported products. To save money, try shopping at local markets or supermarkets like Tesco or Giant, where you can find a good selection of fresh produce and other essentials at reasonable prices.As for entertainment and leisure activities, there are plenty of affordable options in Penang. You can visit beautiful beaches, hike in the nearby national parks, or explore the island’s rich cultural heritage without spending a fortune. However, you might have to cut back on more expensive activities like golfing or spa treatments to stay within your budget.Overall, living in Penang on $3,000 a month is definitely doable, and you can still enjoy a comfortable lifestyle with a few adjustments. Just be mindful of your spending and prioritize your expenses to make the most of your budget,” said one expat living in Penang.
Can I live in Penang on $5,000 a month?
“I’ve been living in Penang for a few years now, and I can confidently say that it’s possible to live comfortably on $5,000 a month, even if you’re used to modern amenities. In fact, you might not have to make too many sacrifices at all. Penang is a beautiful island with a mix of modern and traditional lifestyles, so you’ll find plenty of options to suit your preferences.When it comes to housing, there are several neighborhoods to consider. If you’re looking for something more affordable, you might want to check out areas like Gelugor, Jelutong, or Green Lane. These neighborhoods offer a mix of apartments and landed properties, with prices that are generally lower than those in more upscale areas. You can find a decent apartment or condo for around $1,000 to $1,500 a month, depending on the size and location.On the other hand, if you’re willing to spend a bit more on housing, you can look into neighborhoods like Tanjung Bungah, Tanjung Tokong, or Gurney Drive. These areas are more upscale and offer a variety of luxury condos and landed properties, with prices ranging from $2,000 to $4,000 a month. However, I’d recommend staying away from these neighborhoods if you’re trying to stick to a $5,000 monthly budget, as the cost of living in these areas can be quite high.As for transportation, Penang has a decent public transportation system, including buses and taxis. However, I’d recommend getting a car or a motorbike if you plan on exploring the island or commuting to work. You can find a decent used car for around $10,000 to $15,000, or a motorbike for around $1,000 to $2,000. Keep in mind that gas prices in Malaysia are relatively low compared to Western countries, so your transportation costs shouldn’t be too high.When it comes to food, Penang is known for its diverse and delicious cuisine. You can find a wide variety of local and international dishes at affordable prices. Eating out at local hawker centers or food courts can cost you around $2 to $5 per meal, while dining at mid-range restaurants can cost around $10 to $20 per person. If you prefer to cook at home, groceries are also reasonably priced, with a monthly budget of around $300 to $400 being sufficient for most people.In terms of entertainment and leisure, there are plenty of options in Penang. You can enjoy outdoor activities like hiking, cycling, or visiting the beach, which are mostly free or low-cost. There are also numerous shopping malls, cinemas, and attractions to explore, with prices that are generally lower than those in Western countries.Overall, I’d say that living comfortably on $5,000 a month in Penang is definitely achievable, especially if you’re willing to make a few minor adjustments to your lifestyle. By choosing a more affordable neighborhood and being mindful of your spending on non-essential items, you can enjoy a high quality of life in this beautiful island paradise,” commented an expat living in Penang.
