Cheapest Cities Near Penang (2026)

Penang has a cost of living index of 44 (US avg = 100). Here are 8 more affordable metros to consider as alternatives.

More affordable alternatives

1
Phnom Penh, KH31% cheaper
COL: 301BR: $350/moSave $110/mo on rent
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2
Buenos Aires, AR31% cheaper
COL: 301BR: $400/moSave $60/mo on rent
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3
Oaxaca, MX26% cheaper
COL: 321BR: $400/moSave $60/mo on rent
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4
Da Nang, VN23% cheaper
COL: 341BR: $350/moSave $110/mo on rent
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5
Medellín, CO20% cheaper
COL: 351BR: $500/moSave $-40/mo on rent
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6
Marrakech, MA20% cheaper
COL: 351BR: $430/moSave $30/mo on rent
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7
Hanoi, VN15% cheaper
COL: 371BR: $450/moSave $10/mo on rent
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8
Cebu City, PH15% cheaper
COL: 371BR: $400/moSave $60/mo on rent
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Penang at a glance

44
COL index
100 = US avg
$460
1BR rent
per month
—
Home price
median
None
State tax
income

Cities with similar cost of living

Kigali, RWCOL: 44Belgrade, RSCOL: 45Bali (Canggu), IDCOL: 42Mexico City, MXCOL: 45

COL index sourced from Numbeo, Zillow, and BLS data · Q1 2026 · For general guidance only