Labuan, a federal territory of Malaysia, is known for its duty-free status and strategic location. Understanding the cost of living here is crucial for both expatriates and locals alike.
This guide provides a detailed breakdown of expenses in Labuan, covering dining, groceries, transportation, and more, to help you plan your budget effectively.
The cost of living indices for Malaysia are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Malaysia, covering factors like consumer goods, rent, and purchasing power.
Labuan offers a relatively affordable cost of living, especially in dining and grocery categories.
Transportation costs are low, with gasoline priced at $0.48 per liter, making it economical for those who drive.
While specific housing and utility costs are not detailed, the overall affordability in other areas suggests a budget-friendly environment.
Labuan, Malaysia, presents a cost-effective living environment, particularly in terms of dining and transportation.
Potential residents can enjoy a variety of affordable dining options and low transportation costs, making it an attractive location for both locals and expatriates.
Understanding these costs can help individuals and families plan their finances better when considering a move to Labuan.