You Need RM 12,000 Household Income to Live ‘Comfortably’ in Malaysia as a Couple

You need a household income of about RM 12k to live comfortably in Kuala Lumpur, Malaysia without children. 

How did I come up with this number?

  1. I created a survey on social media (Twitter & LinkedIn).
  2. I created my own budget as a newly-wed couple living in Kuala Lumpur.

Disclaimer: This article & video is not financial advice. My calculations are very rough estimates and is intended for general knowledge. Please consult a real financial planner/advisor.

My Definition of a ‘Comfortable’ Life:

Pintasan Saloma in Kuala Lumpur

My definition of a ‘comfortable’ life in Kuala Lumpur is based on the typical lifestyle of M40 & T20 couples around me without children:

  • A home in a decently convenient location
  • A car to go to work & run family errands
  • Restaurant & café weekend outings
  • Travel locally and maybe internationally once a year
  • Able to save & invest at least 10% of monthly salary
  • Have enough money for a hobby

But what is a good salary (household income) to be able to afford a ‘comfortable’ life as a couple in Kuala Lumpur?

To find out, I created a poll survey on social media and asked my followers:

Survey: Cost of Living From Real Malaysians

The majority (67%) of the voters believe that a household income between RM 5,000 to RM 10,000 is enough to live a typical middle-class lifestyle in Kuala Lumpur without children:

However, everyone lives a different lifestyle. My vote is that we needed a combined income of between RM 10,000 to RM 15,000. Here’s our budget:

My Budget For a ‘Comfortable’ Couple Lifestyle

Monthly couple budget
ExpensesMonthly PercentageMonthly Budget (RM)USD Equivalent
1 Decent Family Car27%RM 2,650$ 627
Housing 25%RM 2,480$ 587
Necessities14%RM 1,400$ 331
Luxuries8%RM 760$ 180
Savings15%RM 1,463$ 346
Money to Family10%RM 1,000$ 237
Total Take Home Needed (After Tax & EPF Deductions)RM 9,752$ 2,307
My monthly expenditures as a couple in Kuala Lumpur

To estimate the gross income or salary to support a ‘comfortable’ life as a couple in Kuala Lumpur, I assumed taxes are 7% & EPF deductions are 11% (retirement savings).

CAUTION: Tax calculations are complicated and everyone has different deductions. I am using an estimated 7% income tax as a ball-park calculation.

  • You need a household income of RM 11,893 to live comfortably as a couple in Kuala Lumpur
  • Car expenses are shockingly high, sometimes more than housing.
  • Saving a min of 15% from take-home pay is quite tough.

Let’s dive a little deeper & start with the car ownership costs:

Malaysian Car Expenses

The Honda Civic. Image Source: Honda Malaysia

Let’s be honest, Malaysian public transportation sucks. Most couples need a car to get to work, visit the in-laws, do weekend outings, and running errands.

The cheaper the car, the better it is for your finances. But a Mercedes is too expensive, and on the opposite extreme, a Perodua is cheap, but it sucks. So what’s a nice middle-ground?

From my research, the Honda Civic Turbo is the best value, all-rounder family car under RM 130,000 ($30,000) & it shows as there are so many of them on the Malaysian roads.

Let’s take a look at the monthly cost breakdown if I were to own this car:

Honda Civic Turbo Ownership ExpensesMonthly RMUSD Equivalent
Hire Purchase to bank (7-year loan)RM 1,800$ 426
PetrolRM 300$ 71
Touch N Go (Tolls)RM 50$ 12
Maintenance1RM 50$ 12
Insurance2RM 292$ 292
Road Tax3RM 7.50$ 1.8
Parking RM 150$ 35
TOTAL MONTHLY COSTS TO OWN A HONDA CIVICRM 2,650$ 627
Table of monthly expenses to own the Honda Civic Turbo

1: Maintenance costs around RM 300 every 6 months. Divide this by 6 is how I got RM 50 a month.
2: Full-rate insurance will cost me RM 3,500 a year without any NCD discount.
3: Road tax a year is RM 90 for a 1.5L engine.

RM 2,600+ a month to own a common Honda Civic? Absolutely shocking.

Thinking Outside the Box: If you choose to not own a car and use car-pooling, trains & car rentals everywhere you go, It might not cost you more than RM 2600+ a month! Plus, you don’t have to deal with driving, parking, and maintaining a car.

Referral: SoCar has plenty of promos. Sign up here & use code Q4R0ZD to get an RM50 off for your first booking.

Housing Expenses in Kuala Lumpur

We all want a decent place to stay not too far from where both of you work. For example, Bandar Utama is a decent place to work and live.

A quick search for property rentals in that area shows that there’s a healthy selection within a budget of RM 2,000 a month:

Decent 3-bedroom apartment rentals, all below RM 2,000 a month on Mudah.my

Not the best property to live in, but it’s good enough if you’re not overly picky.

Here’s the estimated cost breakdown if I were to stay at a similar place:

Housing ExpensesMonthly RMUSD Equivalent
Mortgage / Rent (min 2 bedrooms)RM 2,000$ 473
Building Management Fee1RM 200$ 47
TNB (Electric bill)RM 150$ 35
InternetRM 90$ 21
Water BillRM 30$ 7.10
Indah Water (IWK) – Sewerage TaxRM 10$ 2.37
TOTAL MONTHLY COST TO LIVE IN A DECENT HOMERM 2,480$ 587

1: Maintenance Fee: You don’t have to pay for this if you are renting. The landlord usually pays for you.

From my observations, a min 2-bedroom housing in Klang Valley rental/mortgage can be classified as:

Low End: Below RM 2,000
Average: Around RM 2,000-RM3,000
High End: Anything above RM3,000

Cost of Food & Groceries

Grocery store
Basic Necessity ExpensesMonthly RMUSD Equivalent
Regular food (for me, anything below RM15 per meal)RM 500$ 118
GroceriesRM 400$ 95
Insurance (RM 300 each)RM 600$ 142
TOTAL COST OF BASIC NECESSITIESRM 1,400$ 331

Cost of Lifestyle in Kuala Lumpur

Our weekend date outing at the Momotalo Japanese BBQ in Desa Sri Hartamas

This budget is important. I believe it’s healthy to splurge in moderation in something that you and your partner enjoy doing.

For my wife & I, we love to eat out at decent restaurants & cafés at least twice a month.

You can pick how to splurge your money in this budget category. Here’s mine:

Luxury Expenses (Nice to Have)Monthly RMUSD Equivalent
Restaurant / Cafe outingsRM 300$ 71
Travel / Staycation1RM 200$ 47
Phone billRM 60$ 14
Giving money to family2RM 1,000$ 237
TOTAL COST OF LUXURY RM 1,560$ 369

1: We might not travel or spend on a staycation each month, but this budget can be accumulated for an even nicer experience in the future.

2: I believe that I should be treating family regularly. Unfortunately due to my career change, I can’t achieve this budget target yet, but I am working on it.

Personal Savings

Image: Unsplash

Saving 15% from our take-home pay may sound small, but having the discipline to do this is actually pretty tough.

There’s always something breaking down and needs to be replaced that needs money.

So it’s super important that you stick to your min savings plan of at least 15% each month.

To read how to invest for beginners, check out all the stuff that I’ve tried.

The easiest way to invest for beginners is to use Wahed Invest robo-advisors as it’s quite easy to withdraw your money anytime you want, and it gives decent returns:

I put some of my savings in Wahed Invest Robo-Advisor. Sign up here, & use code: mohass198 to get USD2.5 into your account.

If you want to try out Wahed Invest, copy my referral code below and sign up below to get USD 2.5 into your account:

Now use that code when signing up to Wahed invest to get USD2.5 into your investment account:

Summary: A Good Salary to Live Comfortably

The majority of Malaysians who answered my online survey say that they need a minimum of between RM 5k – RM 10k to live a ‘comfortable life as a couple in Kuala Lumpur.

However, from my budget, we need at least RM 12k. But if you look at all the breakdown, it’s by no mean super luxurious either and totally relatable to the desires of most M40 & T20 Malaysians.

Car expenses are shockingly high, amounting to more than 25% of my monthly budget.

I recommend not to spend too much on a car, so you’d have more money to spend on other things that might be more meaningful.

Transfer Money to & From Malaysia

If you’re reading this as a foreigner who’s planning to move into Malaysia. You’d probably need a reliable cheap money transfer.

I’d recommend Wise as I’ve been using them to transfer money back to Malaysia when I was working abroad.

Let me know in the comments what you think about this survey.

Helmi Hasan

I'm Helmi, an Engineer turned Digital Marketer. I founded Balkoni Hijau to document my journey learning about Personal Finance & making money online.

5 thoughts on “You Need RM 12,000 Household Income to Live ‘Comfortably’ in Malaysia as a Couple

  1. Thank you for any other fantastic article. Where else may just anyone get that kind of info in such an ideal means of writing? I’ve a presentation subsequent week, and I’m at the look for such information.

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts