Living Cost For Students in Malaysia
The cost of living in Malaysia is not high especially for students as Malaysia has been ranked as the 10th most affordable country to study in 2023.
Malaysia is highly regarded as one of the most affordable countries for international students to study abroad. It offers a wide selection of popular universities with affordable tuition fees. Over 170,000 international students from Asia, Europe, Africa and the Middle East are studying in the many top universities. Additionally, the cost of living in Malaysia is notably reasonable, making it particularly attractive for international students seeking the cheapest countries to study abroad.
For most students, a monthly budget of RM3,000 (about US$700) will provide them with a rather comfortable living in Malaysia.
Accommodation
You should estimate about RM400-800 (US$100-200) for your accommodation per month. The rental will vary depending on the geographical area, the type of accommodation (on-campus living in a hall of residence; or off-campus living in an apartment, condominium, single-storey house, double-storey house, etc.), the facilities provided in the house (e.g. with or without air-conditioning) and of course, the number of people sharing the room (or apartment or house).
Food and Housekeeping
Your food and housekeeping expenses are estimated to be around RM900-1200 (approx. US$240-300) per month. This is based on about RM30-50 (US$7-12) for three meals per day. Naturally, it would be cheaper if you cook and share the cooking expenses with your friends. Food in the hawker centers are usually very affordable compared to food served in restaurants although do keep to a healthy diet with lots of fruits and vegetables and remember to drink a lot of water at all times as Malaysia’s weather is usually hot and humid.
Clothing and Laundry
Your clothing expenses like washing, ironing and dry-cleaning may cost around RM80 (US$20) per month. There are also many coin operated launderettes available in major towns and cities.
Public Transport
Students who stay on campus or near campus may not incur any cost of traveling to and from classes. However, other traveling may cost approximately RM600-900 (US$150-200) per month.
Telecommunication / Mobile Phone Bills and Utilities
The mobile phone packages in Malaysia are very competitive. How much you spend will depend on your usage and the promotional package you choose. The average student may spend about RM100-300 (US$25-70) per month.
Books, Reading Materials and Stationery
The estimated cost of books and stationery should be around RM100-300 (US$25-70) per month, but it would largely depend on the course you have signed up for and the number and nature of projects in your course.
Medical and Hospitalisation Insurance
Although you may not need to pay for medical expenses every month, if you put aside RM60 (US$15) per month, it would be sufficient for you in case you need outpatient treatment at a private clinic during the year. This estimate does not include the amount you will have to pay for your medical and hospitalisation insurance of about RM600 per year.
Personal Expenses
Your monthly personal expenses largely depend on your personal lifestyle. However, the cost can be estimated to be between RM500 (US$120) and RM1000 (US$250). This includes your socialising needs, toiletries, haircut, clothes, movie, etc.
Using the estimate above, the total cost of living for a student will average at RM3,000 (US$700) per month or RM36,000 (US$8,400) per year. It is important to remember that the above estimate is only a guide in planning your budget to study in Malaysia and geographical location and personal lifestyle should be factored in when planning your personal budget.