The average monthly budget for an international or local student should be about RM2,000 per month for living expenses in the vicinity of a city. The cost can be broken down as:
You should estimate about RM400 to RM1000 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 the apartment or house).
Food / Housekeeping:
Your food and housekeeping expenses are estimated to be around RM600-RM900. This is based on about RM20-30 (US$5- 7.50) for three meals per day. Naturally, if you cook and share the cooking expenses with your friends, it would be cheaper. Local food like rice and noodles at food stalls or coffee shops range from RM5-RM10. At mid-range restaurants, you can expect to pay RM20-40 for a meal.
Clothing and laundry:
Your clothing expenses like washing, ironing, dry-cleaning, etc. may cost around RM60-rm100 per month.
Students who stay on campus or near campus may not incur any cost of travelling to and from classes as there are campus buses plying a designated route daily from 9am to 6:30pm. However, other travelling expenses may cost approximately RM 80 to RM 100 per month if a student chooses to take the local rail system and public bus.
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 RM 30-RM 100 per month.
Books, Reading Materials and Stationery:
The estimated cost of books and stationery should be around RM 50 - RM 200 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 / Hospitalisation Insurance:
Your medical expenses will vary depending on your ailments and if you visit a clinic or hospital. If you put aside RM 50-RM 70 per month for medical expenses, it would be sufficient . Medical expenses may vary if you choose to visit a private clinic or hospital during the year. You are also advised to apply for your own medical and hospitalisation insurance. The monthly premium fee for your medical insurance will also vary, depending on which insurance company you choose.
Your monthly personal expenses largely depend on your personal lifestyle. However, the cost can be estimated to be between RM 500 to RM 1000 per month. This includes your socialising needs, toiletries, haircut, clothes, movie, etc.
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.