I am a British national currently living in America and considering relocating to Malaysia with my wife and son.
I'm 52years of age and would need to find work, as I am not ready to retire just yet.
Hopefully somebody can provide some advice on what sort of income I would need for a comparable standard of living in Kuala Lumpur.
I have 30yrs of specialist IT experience as an engineer and technical consultant. Have lived in UK and now USA and have worked throughout Europe, Africa and America. My current income in the USA is $160,000 before tax and I am married with one 12yr boy.
I would like to know what salary would be required for a comparable standard of living in Kuala Lumpur. Taking into consideration that my wife does not go out to work and that I’d need to place my son in an international school.
It appears that 3,000 – 4,000 RM per month for apartment rental plus 3,000 RM school fees need to be assumed. Does 250,000 RM income per year (21,000 RM per month) sound about right, and if so, is this sort of income something that is reasonable?
Please can somebody offer some guidance?
Thanks very much
According to local Malaysians, a salary above 5,000 RM per month is quite good for a normal lifestyle.
As local, nowdays you need to have at least 8-10k monthly income to have a decent life with some saving whereby, we pay almost none for school fee (we still need to pay for the books and extra-co thou).
The cost of the accomodation more or less is correct (depending on the place & room that you are getting) but you have to recheck the school fee. I doubt you can get a good school with that kind of budget.
Car is expensive and you have to consider income tax in to your calculation (I am assuming that 21k that you are gettting is gross montly salary, not net salary)
Hi Happytime, for a general idea of living costs in Malaysia, have a look at our guide to Cost of Living in Malaysia - this should give you a good idea of living expenses in the country and you can compare according to your own lifestyle and circumstances to figure out what you'd need to earn to live comfortably in the country.