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What is the Cost of Living in Kuala Lumpur, Malaysia

 
Swapan Deep
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Hi Friends,

I have 4+ years of experience in IT Industry. I have been offered a Data Warehouse Engineer position in Malaysia and the offered salary is 7500 MYR per month (Including Tax which is 26% for the first six months). So it comes down to 7500-1950 = 5550 MYR

What will be the cost of living on monthly basis? How much I can save per month from 5550 MYR?

Please help me !!!

Thanks in advance
 
Junilu Lacar
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Well that all depends on your style of living, doesn't it? These are the things you want to factor in:

1. Lodging - are you renting a room or a whole flat/house?
2. Food - will you eat out most of the time or also cook some of your meals yourself?
3. Utilities/Necessities - how much will it be to pay for light/power, water, clothes, laundry, medicine, toiletries, etc.
4. Entertainment - will you be going out on the town a lot?
5. Transportation/Travel - will you commute to work and other places or will you buy/use your own transportation - will you ride buses or taxis, etc. How often do you plan to go home to India? How often do you plan to visit other places like Thailand and Singapore and local vacation spots (Penang is a very popular getaway area)
6. Do you have a girlfriend or wife/family?

You can get an idea of how most of these things would cost from various websites based in Malaysia.

It has been over 10 years since I lived and worked in Singapore and I got by as a bachelor and as a newlywed with a young family to support on a monthly pay of less than half of what you mentioned in SGD. Malaysia is generally cheaper than Singapore but I don't know what the going rates are these days. But then again, I lived a relatively frugal existence so I was still able to save up enough to make a comfortable transition to life here in the USA when I came over here.

Good luck.
 
Sonny Gill
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Living cost can be anywhere between MYR 2000 - 5000 depending on how you want to live.
And if you are staying longer than 6 months, your tax rate should be much lower.
 
Swapan Deep
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Thanks Junilu and Sonny for your answers.

@Junilu: Yes, it all depends on the individual's life style. Tried to reply on the mentioned factors.

1. Lodging - are you renting a room or a whole flat/house? - I would like to go for a sharing apartment.
2. Food - will you eat out most of the time or also cook some of your meals yourself? - If staying in apartment, then I will prefer to cook.
3. Utilities/Necessities - how much will it be to pay for light/power, water, clothes, laundry, medicine, toiletries, etc. - No idea on this.
4. Entertainment - will you be going out on the town a lot? - Not regularly but on alternative weekends.
5. Transportation/Travel - will you commute to work and other places or will you buy/use your own transportation - will you ride buses or taxis, etc. How often do you plan to go home to India? How often do you plan to visit other places like Thailand and Singapore and local vacation spots (Penang is a very popular getaway area) - I will prefer the public transportation like buses or taxis.
6. Do you have a girlfriend or wife/family? - No, I am single.

By considering the above mentioned factors, can I assume 2500 MYR for my monthly expenses?

@Sonny:
How much the tax would be if I stay for 6 months continuously without any breakup?
Is there any option for tax payback if I complete the 182 days in Malaysia without any gap?
 
Junilu Lacar
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Swapan Deep wrote:By considering the above mentioned factors, can I assume 2500 MYR for my monthly expenses?

I have no idea what the prices are like in Malaysia now. There must be some websites out there that you can visit to get an idea of what the going rates are these days.
 
Swapan Deep
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Ok Junilu. I will check out the prices.
 
Sonny Gill
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Re: Tax. I am not sure. But I remember it being around 10% back when I was there. That is the tax you pay if you are considered a resident which for taxation purposes used to be more than 6 months or something like that. To be sure, you could ask your company HR.. they should know about it.
 
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