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Overnight: +90$
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There is no such thing as a perfect place. Overall, Malaysia is a very safe country. Penang has a very laidback feel that I love. It is extremely chill here. Overall, living costs in Penang are lower than in many other cities throughout the world.
Especially when it comes to renting, which is the largest portion of your monthly nut. Rent is more affordable on the island of Penang than in KL. The rent may be more affordable here, but the groceries are a little cheaper in Kuala Lumpur. There are more grocery stores and more competition, which pushes the prices down a bit. You can read more specifics about our living expenses in my Cost of living in Penang report. By the way, if you want to make a city price comparison check out Numbeo.
But for an overall comparison, it is a great site. One of the things I love about living in Penang is the small village atmosphere. I know my egg lady, the fruit guy, the lady at the butcher shop, and the cashiers at my grocery store. Coming from Chicago, that small-town feel is endearing and makes us feel like we are part of a village.
It is big enough to feel anonymous but small enough to feel quickly at home. I like that balance. One of the biggest benefits of living in Penang is the expat community. In the last couple of years, more places for Penang digital nomads are popping up. Short-term rentals are easier to find, and co-working places are scattered throughout Penang, Georgetown especially. If you are an expat living in Penang , there is a revolving door of people moving to the island.
Some are planning their Penang retirement. Others are here for work, yet others are here for the overall quality of life in Penang. I love how laidback Penang is until I need something fixed. They are. However, the imports in KL are cheaper than in Penang. That being said, Penang is better than Langkawi or Kuching for particular items. People from Langkawi regularly fly here for grocery items, and people from Penang fly to Langkawi for duty-free booze.