Cost of living and prices in Malaysia, prices of food, rent, shopping, etc 🇲🇾 Updated Jul 2023
Discover the cost of living in Malaysia, a beautiful country located in South-Eastern Asia. Bordered by Brunei, Indonesia, and Thailand, Malaysia stretches over an area of 329,750 square kilometers and is home to more than 28 million people with a population density of 85.75 people per square kilometer. The official language of Malaysia is Malaysian, and the currency used is Malaysian ringgit. Malaysia's economy has been growing steadily, and the country has made significant progress in reducing poverty levels. With a gross domestic product (GDP) of $312.4 billion and a GDP per capita of $11,049, Malaysia offers a standard of living that's affordable and accessible to most expats. Whether you're planning to work, study, or retire in Malaysia, you'll be pleased to know that the country boasts of modern amenities, affordable lifestyle, and beautiful natural landscapes that will captivate your heart and soul. Come discover Malaysia, a country full of surprises and beauty, awaits you!
Cost of Living Estimate in Malaysia
You can calculate cost of living in Malaysia by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Malaysia is a culinary paradise, and the plethora of options available can be overwhelming. Some of the must-try dishes include nasi lemak, a fragrant rice dish cooked in coconut milk, and laksa, a spicy noodle soup. For those with a sweet tooth, Malaysian desserts like cendol and ais kacang are a must-try. Malaysia is also home to various street food markets that offer delicious food at reasonable prices. Foodies can explore these markets and try out different street foods such as satay, roti canai, and curry mee.
Along with traditional Malaysian food options, the country also has several restaurants specializing in international cuisine, including Chinese, Indian, Middle Eastern, and Western. Kuala Lumpur, Malaysia's capital city, is home to many fine-dining restaurants that offer a wide variety of cuisine from around the world. Vegetarian and vegan options are also available at most restaurants, and Malaysian vegetarian cuisine is considered some of the best in the world. Regardless of your budget or dietary restrictions, Malaysia has something to offer everyone.
Market prices in Malaysia can vary greatly depending on a variety of factors, including the time of year and location. Many items, such as produce and textiles, are sold in bustling open-air markets, where haggling is a common practice. In urban areas, consumers can expect to pay higher prices for goods and services due to the higher cost of living. Meanwhile, rural areas may have lower prices due to lower demand and lower operating costs.
One emerging trend in the Malaysian market is an increased demand for organic and ethically-sourced products, which can come at a premium price. However, traditional Malaysian cuisine and street food remains relatively affordable and widely available, making it a popular choice for budget-conscious locals and travelers alike. Additionally, the rise of e-commerce platforms has led to increased competition and price transparency, allowing consumers to easily compare prices and shop for deals online.
Malaysia offers plenty of transportation options for travelers exploring the country. One of the most popular modes of transportation is the train. The train system in Malaysia is efficient and reliable, offering travelers the opportunity to see the countryside and explore various cities. There are both long-distance and short-distance trains available, making it easy to plan a day trip or explore the entire country. Additionally, Malaysia has a vast network of buses that offer affordable and convenient travel options. Buses are often the cheapest way to get around and run regularly to a wide range of destinations. There are several types of buses available, including luxurious coaches that offer comfortable travel experiences.
If you're looking for a more unique way to explore Malaysia, then consider renting a car or motorbike. This option provides freedom and flexibility, allowing you to explore off-the-beaten-path destinations and travel on your own schedule. However, keep in mind that Malaysian roads can be chaotic, and traffic can be heavy in the cities. It's crucial to have good navigating skills and be comfortable driving on the left side of the road. Another transportation option in Malaysia is the ferry. The country has numerous islands that are accessible by ferry, providing travelers with the opportunity to enjoy the crystal-clear waters and stunning beaches.
Utilities Per Month prices
For travelers visiting Malaysia, it's important to be aware of the utilities cost. The cost of utilities in Malaysia can vary depending on the type of accommodations you choose, the location of your stay, and your energy consumption habits. However, you will find that utilities in Malaysia are generally cheaper than in most Western countries.
If you're staying in a hotel, your utilities cost will most likely be included in your room rate. However, if you're renting an apartment or a house, you may have to pay your utilities separately. This may include electricity, gas, water, internet, and TV services. It's important to inquire about the utilities cost before booking your accommodations to avoid unexpected expenses. Additionally, it's worth noting that Malaysia experiences hot and humid weather throughout the year, so you may want to consider using air conditioning which may affect your electricity bill.
Sports And Leisure prices
Malaysia is a traveler's delight when it comes to sports and leisure activities. The country boasts of beautiful beaches, rich wildlife, and an exciting nightlife. Some of the popular sports activities include golf, surfing, and scuba diving. The New Klang Valley Expressway offers travellers a chance to indulge in skateboarding, cycling, and jogging. Other popular leisure activities include exploring the scenic beauty of the country, indulging in local cuisine, and shopping for local handicrafts.
One of the most thrilling leisure activities in Malaysia is exploring the islands. The country has several gorgeous islands such as Langkawi, Tioman, and Perhentian. Langkawi is particularly famous for its crystal-clear waters and stunning sandy beaches. Visitors to the island can explore the mangrove forests, try their hand at water sports or simply indulge in some sunbathing. Tioman island is known for its spectacular coral reefs and offers an excellent opportunity for diving. Perhentian is a paradise for snorkelers and has some of the most beautiful coral reefs in the world. These islands offer visitors a chance to experience the natural beauty of Malaysia and are a must-visit for anyone traveling to the country.
Salaries And Financing prices
If you're traveling to Malaysia for work, it's important to understand the country's salary and financing landscape. On average, salaries in Malaysia are lower than in many Western countries, but the cost of living is also significantly lower. This means that your money will go further, and you may be able to enjoy a higher standard of living than you would at home. However, it's important to keep in mind that the cost of living can vary greatly depending on where you are in Malaysia. Cities like Kuala Lumpur and Penang tend to be more expensive than rural areas, so you'll want to take this into account when negotiating your salary or planning your budget.
Financing in Malaysia can be complex, especially if you're unfamiliar with the country's banking system. However, there are plenty of resources available to help you navigate this landscape. One thing to keep in mind is that many banks in Malaysia require you to have a local address before you can open an account. This can be a challenge if you're new to the country, but there are workarounds available. Additionally, it's important to understand the various types of accounts available to you, including savings accounts, current accounts, and fixed deposit accounts.
In Malaysia, the cost of childcare can vary greatly depending on the type of establishment that parents choose for their children. For those looking for a formal education setting, there are many schools and kindergartens that offer comprehensive programs and activities to help children grow and develop. These facilities can be quite expensive, as they often employ well-qualified teachers and provide access to a range of resources and materials that are necessary for a stimulating learning environment.
On the other hand, there are also many more affordable options available, such as informal childcare providers who offer care and supervision in a home-based setting. These providers are often less expensive than schools and kindergartens, but may not offer the same level of educational programming or resources. Regardless of the type of childcare that parents choose, it's important to carefully consider the costs involved and to weigh the benefits against the expense in order to make an informed decision.
Clothing And Shoes prices
Clothing and shoes in Malaysia are fairly affordable compared to other countries. There are many options available, from high-end designer stores to local markets and independent boutiques. Shopping centers and malls are also popular places to find a variety of styles for both clothing and shoes.
When it comes to specific places to buy clothing and shoes in Malaysia, some popular options include Pavilion KL, Sunway Pyramid, and Suria KLCC malls. Local markets such as Petaling Street and Jalan Tuanku Abdul Rahman are also great places to find affordable and unique items. For those looking for designer brands, Bukit Bintang is the go-to neighborhood where high-end boutiques are located.
Rent Per Month prices
When it comes to short-term rentals in Malaysia, there are plenty of options available to suit different needs and preferences. From chic apartments in Kuala Lumpur to cozy bungalows in Penang, travelers can find accommodation that is both affordable and comfortable. Whether you're looking for a place to stay for a weekend getaway or a longer-term stay, short-term rentals provide flexibility and convenience at a reasonable cost.
One popular option for short-term rentals in Malaysia is serviced apartments. These apartments come fully furnished and equipped with everything from kitchen appliances to bed linens. They offer the perfect solution for travelers who want the comfort and privacy of an apartment but don't want to commit to a long-term lease. Another popular option is homestays, which provide the opportunity to stay with a local family and experience Malaysian culture first-hand. These options, along with others, provide an abundance of choices for travelers looking for short-term stays in Malaysia.
Buy Apartment prices
Malaysia offers a variety of options for real estate buyers, ranging from modern high-rise condominiums to sprawling traditional bungalows. One of the most popular options for foreigners is to purchase a leasehold property, which allows them to own the property for a specific period of time (usually 99 years) without having to obtain citizenship. Freehold properties are also available for those looking for a more permanent investment. Additionally, there are several government initiatives aimed at encouraging home ownership that provide incentives such as tax exemptions for first-time homebuyers.
When it comes to pricing, the Malaysian real estate market offers a range of options for buyers at various price points. While prices may vary depending on location, size, and property type, there are many affordable options available for those on a budget. For those seeking luxury properties, there are also high-end options available in popular areas such as Kuala Lumpur. Overall, the Malaysian real estate market continues to be an attractive option for both local and international buyers with a range of options and price points to suit their needs.