💰Cost of living in Malaysia 🇲🇾 per month - Will you be moving to Malaysia? | Make The Move
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💰Cost of living in Malaysia 🇲🇾 per month - Will you be moving to Malaysia? | Make The Move
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Part 1/8:
Considering a Move to Malaysia: An In-Depth Look
Malaysia is increasingly becoming a favored destination for expatriates and those looking to relocate. Given its rich culture, modern infrastructure, and affordable living, the allure of this Southeast Asian nation is hard to deny. In this article, we'll explore various aspects of living in Malaysia that may help you decide if it's the right place for you.
A Multicultural Haven
Malaysia is renowned for its impressive diversity, which can be seen in its blend of Malay, Chinese, and Indian cultures, as well as a large expat community. This multicultural landscape allows newcomers to settle in quickly, feeling a sense of belonging. The prevalence of the English language further eases communication and day-to-day living for foreigners.
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The country's healthcare system is often described as top-notch, especially in comparison to its regional neighbors. Over the years, Malaysia has consistently witnessed solid economic growth and development, making it a stable choice for those considering a move.
Modern Infrastructure and Safety
When discussing urban centers in Malaysia, Kuala Lumpur stands out as a beacon of modernity. The capital city boasts excellent infrastructure, vibrant public transport, and a modern lifestyle that caters to both locals and expatriates. Visitors can revel in the city's buzzing atmosphere where one can find amenities at their fingertips.
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Malaysians are known for their friendliness, and the country's diverse culinary scene offers food that can lure food enthusiasts into relocating. From amazing rainforests to stunning tropical islands, the natural beauty further enhances Malaysia's appeal as a destination for expatriates.
Housing Opportunities
Housing is often one of the most significant monthly expenses. The cost of living varies depending on the region you choose to reside in. Kuala Lumpur tends to be more expensive, whereas cities like Ipoh and Penang can offer more affordable housing options.
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Renting is a popular choice, with modern apartments in Kuala Lumpur averaging around $1000 for a two-bedroom unit. For those seeking a more budget-friendly option, you can find decent accommodations for as low as $450 monthly in less central areas. In tourist-favorite Penang, beachside apartments can be found for approximately 1250 Ringgit ($300).
Monthly Living Expenses Breakdown
Housing & Utilities
A breakdown of a typical monthly budget for a family of three might look like this:
Housing: $600 for accommodations.
Utilities: Expect around $150 for utilities such as gas, electricity, and internet access. Options for broadband services are readily available, with popular providers like Telekom Malaysia offering competitive pricing.
Groceries & Dining
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The cost of food in Malaysia is one of the most appealing factors for many expatriates. Groceries and eating out can be very economical, with meals at local restaurants often costing as little as $2. A reasonable estimate for groceries might be around $450 per month when including eating out a few times each week.
Education Costs
For expatriate families, finding a suitable school can be crucial. The costs of international schools vary, with annual fees ranging from $5,000 to $16,000. The Pelita International School in Penang, for instance, charges around $5,000 annually for an American curriculum.
Visa Costs
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Obtaining the right visa is a key consideration for expatriates. Malaysia is becoming increasingly welcoming to foreigners and offers a digital nomad visa at approximately $229 per applicant. This visa allows you to stay in Malaysia for one year, with dependent family members able to join at a reduced cost.
Total Cost of Living Estimate
When evaluating all these costs, a total monthly living budget for a family of three can be estimated around $2020, excluding major one-time expenses like visa fees or transportation costs.
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Including savings for emergencies, transportation, and leisure activities, a total of about $3500 per month would provide a comfortable lifestyle in Malaysia. This amount is notably lower compared to many other Southeast Asian countries, which adds to Malaysia’s growing reputation as an attractive residence for expatriates.
Conclusion: Is Malaysia Right for You?
With its cultural diversity, modern urban centers, friendly population, and low cost of living, Malaysia has established itself as a top contender for those considering a move. The favorable living conditions, combined with the opportunity to earn an income through online business, make living in Malaysia a compelling option.
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In future articles, we plan to delve deeper into specific aspects of residing in Malaysia, such as housing options and visa processes. Make sure to stay tuned to our channel for updates and further insights into making Malaysia your new home.