Penang — Income & Property Data 2024
Official DOSM household income data combined with real new launch property prices
Median Income
RM7,386
/month
Mean Income
RM9,152
/month
CPI Index
139.5
base 2010
New Launches
30
active projects
The median household income in Penang is RM7,386/month (2024). With 30 new launch projects, the median asking price is RM678k, giving a price-to-income ratio of 7.6x.
Income Overview — Penang
Median Income
RM7,386
per month (2024)
Mean Income
RM9,152
per month (2024)
Annual Household Income
RM88,632
median x 12
Price-to-Income Ratio
7.6x
Above affordable threshold
Household Income Trend — Penang
Source: Department of Statistics Malaysia (DOSM)
| Year | Median (RM) | Mean (RM) | Growth % |
|---|---|---|---|
| 2004 | 2,650 | 3,531 | — |
| 2007 | 2,902 | 4,004 | +9.5% |
| 2009 | 3,200 | 4,407 | +10.3% |
| 2012 | 4,039 | 5,055 | +26.2% |
| 2014 | 4,702 | 5,993 | +16.4% |
| 2016 | 5,409 | 6,771 | +15.0% |
| 2019 | 6,169 | 7,774 | +14.1% |
| 2020 | 5,474 | 6,850 | -11.3% |
| 2022 | 6,502 | 8,267 | +18.8% |
| 2024 | 7,386 | 9,152 | +13.6% |
Property Market — Penang 2026
Total Projects
30
Median Price
RM678k
Min Price
RM270k
Max Price
RM5.0 mil
Property Types
6
Property Type Breakdown
Latest New Launches in Penang
Mah Sing Group
M Zenni
Batu Maung, Penang
Mah Sing Group
The Loft @ Southbay, Penang
Batu Maung, Penang
Mah Sing Group
M Zenni @ Batu Maung, Penang
Batu Maung, Penang, Penang
Mah Sing Group
M Aspira
Taman Desa, Penang
Mah Sing Group
Ferringhi Residence 2
Penang
Eco World Development
Eco Sun
Batu Kawan, Penang
Property Affordability in Penang
Based on the median household income of RM7,386/month in Penang, a household can afford a property of up to approximately RM1.1 mil (assuming 70% DSR, 35-year loan tenure, 4.5% interest rate, 90% margin, and RM500 existing commitments).
The current price-to-income ratio in Penang is 7.6x. This exceeds the internationally accepted 5x affordability benchmark, indicating that housing costs are a significant burden for median-income households. Dual incomes, government schemes (such as Skim Rumah Pertamaku), or looking at more affordable segments may be necessary.
With a median property price of RM678k and 30 active new launch projects, Penang offers 26 projects within reach of the median household income.
Cost of Living Index — Penang
139.5
CPI Index
The Consumer Price Index (CPI) in Penang is 139.5 as of 2026-06-01 (base year 2010 = 100). This indicates that prices have risen more than 30% since 2010, reflecting significant inflationary pressure on household expenses.
Source: Department of Statistics Malaysia (DOSM)
Frequently Asked Questions
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Data Pendapatan & Hartanah Penang 2024
Pendapatan isi rumah penengah di Penang ialah RM7,386/bulan menurut data DOSM 2024. Pendapatan purata (min) pula ialah RM9,152/bulan, menjadikan pendapatan tahunan isi rumah penengah sebanyak RM88,632.
Dari segi harga hartanah, harga penengah projek baru di Penang ialah RM678k. Nisbah harga-kepada-pendapatan (price-to-income ratio) ialah 7.6x, yang melebihi paras mampu milik antarabangsa 5x. Ini bermakna ramai isi rumah berpendapatan penengah mungkin memerlukan pendapatan berganda atau bantuan kerajaan untuk memiliki rumah.
Penang mempunyai 30 projek baru yang aktif. Gunakan kalkulator mampu beli rumah kami untuk semak kelayakan anda berdasarkan pendapatan sebenar.
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Find Your Next Home in Penang
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