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Cost of Living in Malaysia | Expat Exchange
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View of George Town, Penang, Malaysia

Cost of Living in Malaysia

By Joshua Wood, LPC

Last updated on Feb 09, 2024

Summary: The cost of living in Malaysia is generally considered to be quite affordable. A nice 1 bedroom apartment in Malaysia can cost anywhere from $500 to $1,000 USD per month, while a nice 2 bedroom apartment can cost from $800 to $1,500 USD per month. Dinner at a moderately priced restaurant in Malaysia can cost anywhere from $10 to $20 USD per person.

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Is the cost of living in Malaysia high?

We asked people how much they someone comfortably live on in Malaysia, they wrote:

"I pay US$600/mo rent, food @US$10/day (eating out/with non-alc. drink), Grab Taxi anywhere in town (up to 5 miles) US $2-5. Beer $1-2 tin/bottle. Bottle of Australian wine US$15-25!!! Local lankau rice wine or toddy $1-2. I spend about US$1200/month...tack on regional air trips and health insurance and it might go up to US$1500. Air-fare to Singapore US$20-50, double that to Bali, Bangkok or Ho Chi Minh City (routing through Kuala Lumpur or Singapore). That's about what they expect a S-MM2H single applicant to show," wrote a person living in Kuching.

"The cost of living in Malaysia is quite affordable, particularly for urban areas. The average monthly cost of living in major cities such as Kuala Lumpur, George Town, and Putrajaya ranges from around USD 400 to USD 800. Accommodation is relatively inexpensive, with the cost of renting a basic single room ranging from USD 200-400. Food prices are moderately priced, and most groceries can be found easily and cheaply. Transportation costs are affordable, with a single bus fare costing around USD 0.50. Additionally, utilities such as electricity, water, and internet are relatively inexpensive. Overall, the cost of living in Malaysia is quite reasonable and manageable," explained one expat living in Malaysia.

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Will I save money living in Malaysia?

"I would love to stay in Malaysia permenately. Financially it is a viable place for us to live as retired," said one expat in Penang.

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What is the average cost of housing in Malaysia?

If you are thinking about moving to Malaysia, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Malaysia is generally considered to be fairly moderate, with prices depending on the location, size, and amenities. Prices can range from as low as a few hundred RM to several thousand RM per month, depending on the chosen accommodation. The cost of housing in urban areas tends to be higher than in rural or suburban areas," said one expat in Malaysia.

"Housing rental charges are a lot higher here than in my native New Zealand. Typical monthly rental for a house is between 8000 and 12000 ringgit - say 2500 to 4000 USD. Apartments are cheaper, maybe 1000 to 2500 USD per month," wrote a person living in Kuala Lumpur.

"It's higher. A good furnished apartment in Georgetown would cost around RM.1500-3500 ($450 - 1100)," explained one expat living in Penang.

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What are typical rental prices for expats in Malaysia?

"The price of a nice one bedroom apartment in Malaysia is typically in the range of mid to high hundreds per month, while the price of a nice two bedroom apartment in Malaysia is typically in the range of low to mid thousands of US Dollars per month," wrote one expat.

What appliances are typically included in a rental?

We asked foreigners in Malaysia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Malaysia, rental properties typically include common appliances such as refrigerators, washing machines, water heaters, air conditioners, and cooking stoves. In some cases, the rental property may also have a microwave, dishwasher, oven, and other kitchen appliances," remarked one expat in Malaysia.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

View of George Town, Penang, Malaysia

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