Table of Contents
- Cost of Living in Malaysia vs. Singapore
- Housing Costs
- Food and Groceries
- Transportation Costs
- Healthcare Costs
- Conclusion
- Explore Malaysia and Singapore with the Freedom of eSim!
Malaysia and Singapore are two neighboring countries in Southeast Asia, each with its unique culture, history, and lifestyle. Both countries are popular among tourists and expatriates, and many people are interested in living in one of them. One of the most critical factors when considering a move to another country is the cost of living. In this blog post, we will compare the living expenses in Malaysia and Singapore and help you decide which country is better for working adults, families of three, and retirees.
Cost of Living in Malaysia vs. Singapore
When comparing the cost of living in Malaysia and Singapore, it’s essential to note that the latter is known to be one of the most expensive cities in the world. The high cost of living in Singapore is due to its robust economy, high standard of living, and excellent infrastructure. On the other hand, Malaysia has a lower cost of living compared to Singapore.
Housing Costs
One of the most significant expenses for any individual or family is housing costs. In Singapore, the cost of housing is exorbitant, and the high demand for housing has pushed prices even higher. The average cost of a one-bedroom apartment in the city center of Singapore is around SGD 2,200 per month, while a three-bedroom apartment will cost around SGD 5,300 per month. In contrast, Malaysia’s housing costs are much lower, with a one-bedroom apartment in the city center of Kuala Lumpur costing around MYR 1,800 per month, while a three-bedroom apartment will cost around MYR 4,000 per month.
Food and Groceries
Food and groceries are also essential expenses for any household. In Singapore, food is relatively expensive compared to Malaysia due to the high cost of living. According to Numbeo, a meal in an inexpensive restaurant in Singapore will cost around SGD 12, while the same meal in Malaysia will cost around MYR 8. Groceries in Singapore are also more expensive compared to Malaysia due to higher import costs. For example, a liter of milk in Singapore costs around SGD 3.30, while the same liter of milk costs around MYR 6 in Malaysia.
Transportation Costs
Transportation costs in both countries are relatively similar. However, Singapore has a more extensive and efficient public transportation system than Malaysia. In Singapore, a one-way ticket for public transportation costs around SGD 2.30, while the same ticket in Malaysia costs around MYR 2.50. Additionally, Singapore has an extensive network of buses and trains that reach almost every corner of the island. On the other hand, Malaysia’s public transportation system is not as extensive as Singapore, and many people choose to use their private vehicles to commute.
Healthcare Costs
Healthcare costs are also an essential factor when comparing the cost of living in Malaysia and Singapore. Singapore’s healthcare system is known to be one of the best in the world, but it comes with a price. According to Numbeo, a basic doctor’s visit in Singapore costs around SGD 45, while the same visit in Malaysia costs around MYR 40. However, Singapore’s healthcare system is more advanced than Malaysia’s, and the cost of medical treatment reflects this. For example, the cost of a heart bypass surgery in Singapore can be as high as SGD 80,000, while the same surgery in Malaysia will cost around MYR 50,000.
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Conclusion
Now that we have compared the cost of living in Malaysia and Singapore let’s discuss which country is better for working adults, families of three, and retirees.
| Category | Expenses | Malaysia | Singapore |
|---|---|---|---|
| Working Adult | Rent for 1-bedroom apartment (outside city) | RM 1,000 – 1,500 per month | SGD 1,500 – 2,500 per month |
| Utilities (electricity, water, gas) | RM 200 – 400 per month | SGD 150 – 250 per month | |
| Food (groceries, eating out) | RM 800 – 1,500 per month | SGD 800 – 1,500 per month | |
| Transportation (public transport, gas) | RM 200 – 400 per month | SGD 100 – 200 per month | |
| Health insurance | RM 200 – 400 per month | SGD 100 – 200 per month | |
| Miscellaneous (entertainment, clothing) | RM 500 – 1,000 per month | SGD 500 – 1,000 per month | |
| Family of Three | Rent for 3-bedroom apartment (outside city) | RM 2,000 – 3,500 per month | SGD 3,000 – 6,000 per month |
| Utilities (electricity, water, gas) | RM 400 – 800 per month | SGD 250 – 400 per month | |
| Food (groceries, eating out) | RM 1,500 – 3,000 per month | SGD 1,500 – 3,000 per month | |
| Transportation (public transport, gas) | RM 500 – 1,000 per month | SGD 300 – 500 per month | |
| Health insurance | RM 400 – 800 per month | SGD 200 – 400 per month | |
| School fees (private or international school) | RM 3,000 – 6,000 per month (per child) | SGD 1,500 – 4,500 per month (per child) | |
| Miscellaneous (entertainment, clothing) | RM 1,000 – 2,000 per month | SGD 1,000 – 2,000 per month | |
| Retiree | Rent for 1-bedroom apartment (outside city) | RM 1,000 – 1,500 per month | SGD 1,500 – 2,500 per month |
| Utilities (electricity, water, gas) | RM 200 – 400 per month | SGD 150 – 250 per month | |
| Food (groceries, eating out) | RM 800 – 1,500 per month | SGD 800 – 1,500 per month | |
| Transportation (public transport, gas) | RM 200 – 400 per month | SGD 100 – 200 per month | |
| Health insurance | RM 400 – 800 per month | SGD 200 – 400 per month | |
| Miscellaneous (entertainment, clothing) | RM 500 – 1,000 per month | SGD 500 – 1,000 per month |
Comparison in USD
| Category | Expenses | Malaysia | Singapore |
|---|---|---|---|
| Working Adult | Rent for 1-bedroom apartment (outside city) | $250 – $360 per month | $1,100 – $1,800 per month |
| Utilities (electricity, water, gas) | $50 – $100 per month | $110 – $180 per month | |
| Food (groceries, eating out) | $200 – $360 per month | $600 – $1,100 per month | |
| Transportation (public transport, gas) | $50 – $100 per month | $75 – $150 per month | |
| Health insurance | $50 – $100 per month | $75 – $150 per month | |
| Miscellaneous (entertainment, clothing) | $120 – $240 per month | $380 – $750 per month | |
| Family of Three | Rent for 3-bedroom apartment (outside city) | $500 – $900 per month | $2,200 – $4,400 per month |
| Utilities (electricity, water, gas) | $100 – $200 per month | $180 – $290 per month | |
| Food (groceries, eating out) | $375 – $750 per month | $600 – $1,200 per month | |
| Transportation (public transport, gas) | $125 – $250 per month | $225 – $375 per month | |
| Health insurance | $100 – $200 per month | $150 – $300 per month | |
| School fees (private or international school) | $720 – $1,440 per month | $550 – $1,650 per month | |
| Miscellaneous (entertainment, clothing) | $250 – $500 per month | $380 – $750 per month | |
| Retiree | Rent for 1-bedroom apartment (outside city) | $250 – $360 per month | $1,100 – $1,800 per month |
| Utilities (electricity, water, gas) | $50 – $100 per month | $110 – $180 per month | |
| Food (groceries, eating out) | $200 – $360 per month | $600 – $1,100 per month | |
| Transportation (public transport, gas) | $50 – $100 per month | $75 – $150 per month | |
| Health insurance | $100 – $200 per month | $150 – $300 per month | |
| Miscellaneous (entertainment, clothing) | $120 – $240 per month | $380 – $750 per month |
For Working Adults:
If you’re a working adult looking for a high standard of living and don’t mind the high cost of living, Singapore might be the best option for you. Singapore’s robust economy, excellent infrastructure, and advanced healthcare system make it an attractive option for many working professionals. Additionally, Singapore offers numerous job opportunities, particularly in the finance, tech, and healthcare sectors, which can lead to higher salaries and better career growth prospects. However, if you’re looking for a more affordable option, Malaysia might be a better fit. Malaysia offers a lower cost of living, which can lead to a higher quality of life, particularly if you’re earning a modest income. Additionally, Malaysia offers a wide range of job opportunities, particularly in the manufacturing, technology, and tourism sectors.
For Families of Three:
When it comes to families, the decision between Malaysia and Singapore depends on several factors, including your budget, lifestyle preferences, and educational goals for your children. While Singapore offers excellent educational opportunities for children, particularly at the primary and secondary levels, the high cost of living can be a significant burden for families, particularly those with limited income. In contrast, Malaysia offers a more affordable cost of living, and the educational system is relatively strong, particularly at the primary level. Additionally, Malaysia offers numerous family-friendly attractions, including beaches, parks, and nature reserves, which can make it an excellent place for families to live.
For Retirees:
If you’re a retiree looking for a place to spend your golden years, both Malaysia and Singapore offer attractive options. However, the decision ultimately depends on your budget and lifestyle preferences. Singapore offers a high standard of living, a robust healthcare system, and a wide range of activities, including cultural events, restaurants, and shopping. However, the high cost of living can be a significant drawback for retirees, particularly those on a fixed income. In contrast, Malaysia offers a more affordable cost of living and a warm climate, making it an attractive option for retirees looking to stretch their retirement funds. Additionally, Malaysia offers excellent healthcare facilities, particularly in the major cities, and numerous retirement communities that cater to expatriates.
In conclusion, both Malaysia and Singapore offer attractive options for working adults, families of three, and retirees. While Singapore offers a higher standard of living, better job opportunities, and an advanced healthcare system, Malaysia offers a more affordable cost of living, a strong educational system, and numerous family-friendly attractions. Ultimately, the decision depends on your budget, lifestyle preferences, and career goals.
The cost of living in Malaysia is lower than in Singapore. As of February 2023, the consumer price index in Malaysia is 41.24% lower than in Singapore. Rent prices in Malaysia are 67.48% lower than in Singapore, while grocery prices are 41.26% lower.
However, it’s important to note that salaries in Singapore are generally higher than in Malaysia, which can help offset the higher cost of living in Singapore. Additionally, the cost of living can vary significantly depending on where you live within each country. For example, living in a major city like Kuala Lumpur or Singapore will generally be more expensive than living in a smaller town or rural area.
Overall, the cost of living in both countries is relative to each person’s lifestyle, income, and family size. It’s important to research specific areas and factors to make a more informed decision about where to live based on your personal preferences and financial situation.
| Category | Malaysia | Singapore |
|---|---|---|
| Working Adult | Affordable cost of living, moderate salaries, job opportunities in manufacturing, technology, and tourism sectors | Higher cost of living, high salaries, job opportunities in finance, tech, and healthcare sectors |
| Family of Three | More affordable cost of living, strong educational system at the primary level, family-friendly attractions | Higher cost of living, excellent educational opportunities for children, but can be a significant burden for families with limited income |
| Retiree | More affordable cost of living, warm climate, excellent healthcare facilities, numerous retirement communities | High standard of living, robust healthcare system, a wide range of activities, but can be a significant burden for retirees on a fixed income |
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