Stats Dept: Malaysia’s average household income rises to RM8,479 in 2022

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Stats Dept: Malaysia’s average household income rises to RM8,479 in 2022
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PUTRAJAYA, July 28 — The average household income in Malaysia experienced growth from RM7,901 in 2019 to RM8,479 in 2022, an increase accounted for a growth of 2.4 per cent...

To address the government’s proposal on disposable income as the basis for assisting the people, the DoSM analysed the survey results from the perspective of disposable income.

Analysing income distribution patterns, the report highlighted that the B40 income threshold, covering 3.16 million households, is RM5,249. Commenting on the HIES report, he said that the Gini Coefficient, which measures income inequality, showed a decrease from 0.407 in 2019 to 0.404 in 2022, indicating a narrowing income gap.

Meanwhile, the report also highlighted a notable change in the Poverty Line Income , which increased to RM2,589 in 2022 as compared to RM2,208 in 2019 with the PLI value of food amounting to RM1,198 in 2022 compared to RM1,169 in 2019.

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Malaysia's mean household income increased to RM8,479 in 2022, says Stats DeptMalaysia's mean household income increased to RM8,479 in 2022, says Stats DeptPETALING JAYA: Malaysia's mean household income rose from RM7,901 in 2019 to RM8,479 in 2022, says the Statistics Department of Malaysia.
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Stats Dept: Average household income at RM8,479 in 2022Stats Dept: Average household income at RM8,479 in 2022PUTRAJAYA, July 28 — The average household income in Malaysia increased by 2.4 per cent in 2022 to RM8,479 compared to RM7,901 in 2019, according to the Household Income and...
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