Contrary to popular belief, a Malaysian woman shared on social media that she finds the cost of living in Malaysia higher than in Singapore. Rising c
Contrary to popular belief, a Malaysian woman shared on social media that she finds the cost of living in Malaysia higher than in Singapore. Rising costs of food, housing, and utilities have dominated headlines globally, with Singapore consistently ranked among the most expensive cities worldwide. Yet, this Malaysian woman, whose story was shared on the Humans of Kuala Lumpur Facebook page, paints a different picture.
Having lived in Singapore for a decade after moving for her studies, she explains that her life in Singapore with her husband, a citizen, is more affordable than what she experiences when comparing dollar-to-dollar in Malaysia. She pointed out that buying items like a Coach bag would require a significantly higher income in Malaysia than in Singapore when calculated without currency conversion.
Discussing their household income, she shared that with a combined S$6,000+ monthly income, they were able to purchase an HDB flat with the help of a government grant for first-time buyers, covering up to S$90,000 of their first home. With only a modest monthly payment of S$276 on their loan, mostly managed through CPF contributions, they are able to save.
For daily life, the couple relies on Singapore’s extensive public transport, eliminating the need for a car. Dining out is also affordable, supplemented by CDC vouchers usable at both food establishments and supermarkets. They even have up to S$500 left over monthly for additional savings or personal expenses.
Reflecting on Singapore’s benefits, she finds the cost-to-income ratio sustainable, providing a comfortable, stable life. Despite the country’s fast-paced work culture and crowded public transport, she concludes that Singapore offers more financial security and quality of life than Malaysia, especially without currency conversion.
While she misses her family and appreciates Malaysia’s relaxed lifestyle, the higher income, stability, and opportunities in Singapore make it worthwhile.
COMMENTS