LAT
The World Greatest Cartoonist
The Forgotten City
Living in Malaysia is expensive
If you don't know already, it's expensive to live in Malaysia, especially in Kuala Lumpur. A report shows that Malaysians have less purchasing power than many nationals elsewhere.
AP File Photo
Here are the highlights:
The purchasing power of KL residents is 33.8% of New Yorkers; 42% compared to London, 33.7% to Sydney, 32.6% to Los Angeles, and 31.6% to Zurich.
KL workers need to labour 22 minutes for a bread loaf. In comparison, Los Angeles counterparts take 18 minutes. In Sydney, it's 16 minutes. In Tokyo, 15 minutes. In Zurich, 12 minutes.
The Malaysian Insider also compared broadband prices in Malaysia to those in countries. Even after currency conversion, Malaysia comes out on top... in expensiveness. Here's the summary:
Kuala Lumpur - 5Mbps broadband package - RM149
London - 10Mbps broadband package - GBP13.50
Melbourne - 5-8Mbps broadband package - AUD40
New York - 7Mbps broadband package - USD41.95
Here's another tidbit from The Malaysian Insider article:
In KL, a Honda Civic is priced at RM115,000 - 20 times an auditor's average monthly earnings.
In Melbourne & London, the price is respectively AUD25,000 and GBP19,000 - 3 times an auditor's average monthly earnings in those places.
Follow MSN Malaysia News on Twitter (twitter.com/mymsnnews) for breaking news in Malaysia and the world.
SEE ALSO:
Malaysia unveils plan to double capital market
Come back and get 15% income tax rate