Cost of living
in Penang.
Living in Penang, Malaysia costs about $1,050/month all-in for one person, and roughly $2,415/month for a family of four. That is cheaper than 86% of the 310 cities we track, and about 73% below New York.
Last updated August 2026 · How we calculate this
Cheaper than 86% of the 310 cities we track.
About 73% cheaper than New York.
Figures are average all-in monthly costs for one person, in USD — estimates for guidance, not a personal budget. The breakdown is a typical split of the total. Convert to your currency →
Living in Penang — FAQ
How much does it cost to live in Penang?
A single person needs roughly $1,050/month all-in in Penang, Malaysia — rent, food, transport and utilities. A family of four runs closer to $2,415/month.
Is Penang expensive?
Penang is cheaper than 86% of the 310 cities we track, and about 73% cheaper than New York.