The purpose of this study was to find out and test whether wages affect regional investment, whether inflation affects regional investment, whether exchange rates affect regional investment, and which between wages, inflation, and exchange rates are very dominant influence on regional investment. This study uses a quantitative approach, while the object of research is all labor in Malang. And researchers took data from the Central Bureau of Statistics in the city of Malang which numbered 1,273,579 workers. The results of data analysis using multiple linear regressions with the help of SPSS version 20.0 and the discussion that has been done, all variables affect regional investment.