Retire in Penang Malaysiaby Steve Sovie
My choice if where to retire is Malaysia. The photo on the right is the view from my apartment balcony.
The main reasons I retired here are
The Cost of Retiring in Malaysia
I will try to give you some cost comparisons between living in Penang, Malaysia and my former home in Boston, MA, USA.
Cost of HousingI purchased a 3 bedroom condo with a sea view and pool for the equivalent of $130,000. Checking the Boston real estate ads for similar properties, I find the average asking price of $500,000.
Medical CostA visit to the doctor here is about $16. Back home with health insurance and copay it is $20. My employee sponsored health insurance cost me about $100 a month. I recently visited a doctor for bronchitis. The cost of the visit with nebulizer treatment was $16, plus $7 for antibiotics and other medication. A visit to a modern dental office for a filling and x-ray cost $20.
The Water BillMy water bill is about $0.85 a month compared to about $30 a month in Boston.
Electrical CostsMy satellite TV with premium channels costs $47 a month compared to $87 in Boston. Electricity in Boston ran me about $60 a month. Here with AC on all night, 2 fans, washer and dryer, 2 computers and all kinds of electrical equipment, I pay about $50 a month.
Heating CostsIn Boston I paid $140 a month for heat, here $0.
Eating OutMost people here eat out at local food courts. I pay between $1.50 and $5 for each meal.
So you can live quite cheaply here unless you demand a very elaborate lffestyle.
If you need more information let me know.
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©2011 Steve Sobie Used by permission