How much is it to raise a child in Malaysia

New Straits Times

a day ago

KUALA LUMPUR: The cost of raising a child from before birth to the age of 18 in a bottom 40 per cent (B40) household ranges between RM93,000 and RM155,000.
Licensed financial planner Dr Rajendaran Vairavan said expenses rise sharply as a child grows older, with B40 households spending the most between the ages of 13 and 17, which is about RM40,000 to RM60,000.
The figures, however, pale in comparison to the top 20 per cent (T20) income group, where the cost of raising a child can range from RM250,000 to RM470,000.
T20 households typically spend RM60,000 to RM100,000 from birth to age four, and between RM100,000 and RM200,000 during the teenage years.
Rajendaran said B40 families prioritise affordability, relying on public services such as government schools, community childcare, and public healthcare, with modest outlays on essentials and activities.
In contrast, T20 households channel significantly more towards premium options — from international school fees of up to RM50,000 a year to private healthcare and branded baby products — reflecting a preference for exclusivity and quality.
"The gap in spending patterns between B40, M40 and T20 families reflects wider socioeconomic disparities.
Still, with proper planning and available government support, families can navigate parenthood more confidently," he said.
In Malaysia, B40 households earn below RM5,249 a month, M40 households between RM5,250 and RM11,819, while T20 households have monthly incomes exceeding RM11,820.