Cost of living and prices in Penang, prices of food, rent, shopping, etc. 🇲🇾
Updated Jul 2023

Penang is a food paradise for all food lovers with its diverse range of food options, from traditional Malay cuisine to Indian dishes and Chinese street food. One of the must-try dishes in Penang is Char kway teow, a stir-fried flat noodle dish with bean sprouts, shrimp, and egg, cooked over high heat in flavorful spices and soy sauce. Another popular dish is Nasi Kandar, a platter of steamed rice and a variety of curries and side dishes to choose from. There are plenty of hawker centers and food courts all around Penang where you can find these delicacies. If you're looking for a fancy dining option, there are plenty of international restaurants and cafes offering a fine-dining experience and world-class cuisine.

Penang is also famous for its street food scene, and it's a perfect place to explore different types of local snacks and drinks. One of the popular food markets is Gurney Drive Hawker Centre, where you can find mouthwatering local delicacies such as grilled satay, oyster omelets, and Hokkien mee. There are also plenty of food stalls on the streets of George Town, offering a variety of local chendol desserts, rojak salads, and Indian sweets. Penang is undoubtedly a foodie's paradise, and you'll be spoilt for choice with its array of food and drink options that cater to all tastes and budgets.

Penang, Malaysia is known for its booming market scene. As one of the most popular states in Malaysia, Penang has a diverse range of marketplaces where locals and tourists can shop for fresh produce, handicrafts, souvenirs, and more. The prices in the markets vary depending on the product being sold, the location of the market, and the demand for the item. Visitors can expect to haggle and negotiate prices, which is welcomed in most markets and is part of the cultural experience.

When it comes to market prices in Penang, Malaysia, it is all about knowing where and when to shop. Some of the most popular markets include the Batu Ferringhi Night Market, the Lorong Kulit Flea Market, and the Chowrasta Market. These markets offer a range of goods at competitive prices, with some vendors selling items at a fraction of the cost of retail stores. Visitors can expect to find everything from locally-made products to imported goods from neighbouring countries. Whether you are looking for a unique souvenir or simply want to immerse yourself in the local culture, shopping in Penang's markets is a must-do activity.

When it comes to transportation in Penang, travelers will have plenty of options at their disposal. One of the most popular modes of transportation is the bus. There are plenty of bus routes that run throughout the city, making it easy and affordable to get around. For those who want a more independent means of transportation, renting a car or scooter is also an option. This allows travelers to explore the island at their own pace and discover some of the hidden gems that Penang has to offer.

Another interesting transportation option in Penang is the Rapid Penang Ferry. This ferry service connects Penang Island to the mainland and provides travelers with a scenic way to travel. The ferry service is available throughout the day and offers some great views of the city skyline and the surrounding area. For those who want to explore the island by water, there are also boat tours available that take travelers around the coast of the island and allow them to explore some of the more secluded beaches and coves that are not accessible by road.

Utilities cost in Penang, Malaysia can vary depending on the usage and location of your accommodation. Generally, the cost of electricity is relatively low, and it is based on the meter reading. Thus, the more usage, the more bill you will have to pay. Water tariffs, on the other hand, are regulated by the state government and are payable based on tiers. As such, the first few units of water used are significantly cheaper, whereas when you reach the top tier, the price per unit is much higher. So, it is essential to be cautious with your water usage to avoid hefty bills.

If you're planning on renting an apartment or a house, it's crucial to ask around or check with your landlord about the additional costs that might be included in your monthly rent. Some landlords may include the cost of utilities such as water, electricity, and gas, while others may not. Moreover, if you're a tourist, you may have to pay an additional fee for your accommodation's air conditioning, which can significantly increase your utilities cost. Therefore, before choosing a place to stay, you need to consider various factors such as the location, size, and facilities provided and calculate how much you might spend on utilities, particularly if you're staying for an extended period.

Penang, Malaysia is a sports and leisure paradise for those seeking an active vacation. The island offers a variety of water sports, including jet skiing, parasailing, and kayaking. Try your hand at a game of beach volleyball or ultimate frisbee on one of the many beaches. If you prefer land activities, Penang has plenty of options too, including hiking in the Penang Hill area with stunning views of the island. Golf enthusiasts can also enjoy world-class golf courses with scenic landscapes and challenging holes.

For those seeking a more leisurely holiday, Penang doesn't disappoint either. The island has an abundance of museums showcasing its rich cultural heritage. The Penang National Park is a nature lover's paradise with breathtaking flora and fauna. The island also offers an array of spas and wellness retreats offering traditional massages and relaxation treatments. Take a culinary journey and sample Penang's famous street food, cited as some of the best in the world. Whatever your idea of leisure is, Penang has it all!

Salaries and financing in Penang, Malaysia are relative to the cost of living in the region. The average salary for professionals in Penang is relatively high compared to other Malaysian cities, making it a desirable location, especially for expats. Furthermore, the cost of living in Penang is lower than in Kuala Lumpur, the capital city of Malaysia. Therefore, salaries in Penang suffice for a comfortable living.

Financing in Penang is comparable to other Southeast Asian cities. The financial system in Penang is well developed, and there are several reputable banks and financial institutions in the area. Furthermore, the local currency, Malaysian Ringgit, is widely accepted in the region, making it easy to conduct financial transactions. As a tourist, credit and debit cards are widely accepted in most places, but it's advisable to keep some cash on hand as well. Overall, financing in Penang is convenient and straightforward, allowing for stress-free travel in the region.

Childcare prices in Penang, Malaysia vary depending on the type of service you choose. Kindergartens in Penang are generally cheaper than international schools, which offer more comprehensive educational programs. However, international schools also provide a wider range of extracurricular activities and facilities such as swimming pools, sports fields, and libraries. In contrast, kindergartens focus more on basic education and childcare, and may not provide as many amenities for children. Generally speaking, the quality of care and education at both kindergartens and schools in Penang is high, and parents can have peace of mind knowing that their child is in good hands.

When it comes to choosing a childcare provider in Penang, parents should consider their child's needs and their own budget. Some parents prefer the convenience and affordability of kindergartens, which may be located closer to home or work. Others may opt for international schools for their advanced facilities and programs, and because they offer a more immersive English-language curriculum. In either case, parents should be sure to research potential providers extensively, and to visit each facility in person if possible. By doing so, they can ensure that their child will receive high-quality care and an enriching educational experience in Penang.

Penang, Malaysia is a shopper's paradise for those who love fashion. The prices of clothing and shoes here are reasonable for the quality they offer. Do not worry about not being able to find special sizes or styles that fit your needs in Penang. There is something for everyone, regardless of their taste. Shopping centres, malls, and local markets are the best places to find unique and fashionable clothes and shoes in Penang. You can shop at Gurney Plaza, Prangin Mall, and Queensbay Mall, which are large malls with a wide variety of international and local brands. You can check out the local markets for traditional and handmade Malaysian clothing and accessories.

Shopping in Penang is not all about high-end brands and glamour. You can find affordable yet stylish clothing and shoes at factory outlets and night markets. The Batu Ferringhi Night Market is a popular shopping hotspot for tourists and locals alike. It offers various products, including clothing and footwear, at bargain prices. Other famous markets in Penang include Pasar Malam Taman Lip Sin and Jalan Burma Flea Market. You will be spoilt for choice when shopping in Penang, as both quality and affordability are abundant. So, pack your bags and head to Penang for a unique shopping experience that you will cherish forever.

If you're looking for a short-term stay in Penang, Malaysia, there are plenty of options available to you. Short stays can range from a few days to a few weeks, with various types of accommodations available. Some popular choices include apartments, guesthouses, and hotels. These accommodations are often fully furnished and equipped with everything you need for a comfortable stay. The prices for short-term rentals in Penang vary depending on the type of accommodation you choose, the location, and the length of your stay. However, there are affordable options available for those on a budget.

Another popular option for short-term stays in Penang is serviced apartments. These are fully furnished apartments that come with a range of services and facilities such as daily housekeeping, 24-hour security, and sometimes, even a swimming pool and gym. Serviced apartments are a great choice if you're looking for a more comfortable and convenient stay, especially if you're staying for an extended period. The prices of serviced apartments in Penang can be higher than regular apartments or guesthouses, but they offer great value for money given their range of amenities.

If you're looking for affordable real estate options in Penang, Malaysia, you have several buying choices to consider. One option is to purchase a high-rise condominium in several neighborhoods like Tanjung Bungah, Jelutong, and Bayan Lepas. This type of property is ideal for individuals or couples who desire modern and comfortable living spaces with outstanding amenities that make life convenient. Another option to consider is landed properties like townhouses, bungalows, and semi-detached houses. Keep in mind that these choices are somewhat more expensive than the condo option, but you'll enjoy more privacy, space, and a sense of security if you choose this type of property.

Real estate prices in Penang, Malaysia vary based on several factors. For instance, the area you choose to buy your property will significantly influence the price point. Other factors that will affect real estate prices are property type, age of property, amenities available in the neighborhood, and the current market trends. Overall, the cost of property in Penang, Malaysia is still affordable compared to international standards as Penang real estate remains a sound investment option. And if you're looking to purchase or rent a property in Penang, you should seek help from a reputable real estate agency. They will provide you with accurate, up-to-date, and reliable information to assist you in making informed decisions on investing in Penang.