Cost of living and prices in Malta, prices of food, rent, shopping, etc 🇲🇹 Updated Jul 2023
Discover Malta, a small island country in Southern Europe covering an area of 316 sq. km with a population of 403,000 people, making it one of the smallest and densely populated countries in the world with 1275.32 people per sq. km.
Malta has a thriving economy with a gross domestic product of $9,541,000,000 and a GDP per capita of $23,675, making it an affordable destination in Europe to visit or to live. The country's official languages are Maltese and English and the currency is Euro.
Living in Malta provides a unique experience of the Mediterranean culture and history, with access to travel nearby countries like Italy and Tunisia. Whether you're a retiree, student or an expat looking for a new adventure, Malta offers a comfortable cost of living with affordable accommodations, food and transportation. With its warm climate, beautiful sandy beaches and rich cultural landmarks, Malta is a must-visit destination.
Cost of Living Estimate in Malta
You can calculate cost of living in Malta by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Malta is a food lover's paradise, offering a diverse range of culinary delights from traditional Maltese dishes to international cuisine. Restaurants in Malta cater to all budgets, from high-end fine dining establishments to street food vendors. Seafood is a must-try, given the island's Mediterranean location and the abundance of fresh fish caught daily. Dining in Malta is an experience in itself, with outdoor dining options offering breathtaking views of the Mediterranean Sea, historic landmarks, and charming narrow streets.
Eating options in Malta are not limited to just restaurants, but also include cafes, bistros, and markets. Cafes serve coffee, tea, pastries, and light snacks, offering casual and quick options for a meal or snack. Bistros offer a relaxed dining experience with a hint of sophistication and often serve a small selection of classic French dishes. Markets in Malta are a great way to explore the local cuisine and culture while indulging in fresh produce, artisanal cheeses, wines, and more. Street food vendors offer a different kind of experience, with numerous food trucks and stalls offering a diverse range of street food from homemade pastries and sandwiches to Maltese specialties such as pastizzi and ftira.
Market prices in Malta are competitive and reflect the country's economy. With a strong tourism industry and an increasing number of expats living and working on the island, prices for goods and services are generally comparable to other Western European nations. However, there may be some differences based on the country of origin for certain products, as well as the level of demand in the local market.
As in most places, the cost of living in Malta can vary depending on whether you live in a more urban or rural part of the country. However, overall, prices for food, housing, and transportation are in line with what one might expect from a developed country. With a mix of local markets and international chains, consumers have a range of options available when it comes to shopping for goods or dining out, with prices to match a variety of budgets.
If you're traveling to Malta, there are a variety of transportation options to get you around the island. One popular way to explore the island is by renting a car. There are several rental companies on the island that offer a range of vehicles to suit your needs. Driving on Malta can be a bit challenging, as the roads can be narrow and winding, but it's also a great way to see the beautiful views and off-the-beaten-path destinations that the island has to offer. Another option is to take a taxi or hire a private driver for the day, which can be a convenient and stress-free way to travel around the island.
If you're looking for a more unique way to explore Malta, consider taking a ride on the traditional Maltese bus. These brightly painted buses are a staple of the island's transportation system and offer a fun and quirky way to get around. While they may not be the most comfortable or efficient option, they are certainly a memorable way to experience Malta's culture and history. For a more modern experience, consider taking the bus or using the extensive public transportation network. Buses run regularly throughout the island and can take you to most major destinations, including popular tourist spots and beaches.
Utilities Per Month prices
Utilities cost in Malta can be higher than what travelers are used to in other countries. It is important to note that water and electricity are expensive due to the small size of the island and the fact that most of these resources are imported. This means that travelers need to be mindful of their water and electricity usage while staying in Malta and try to conserve wherever possible. Using energy-efficient appliances, turning off lights and air conditioning when not needed, and taking shorter showers are some ways travelers can help reduce their utilities cost during their stay in Malta.
Another factor that can affect utilities cost in Malta is the time of year. During the summer months, when temperatures can soar to over 30 degrees Celsius, visitors often require more air conditioning to stay comfortable. This, in turn, can lead to higher electricity bills. On the other hand, during the winter months, heating costs can also be high due to the island's damp, humid climate. Travelers should keep this in mind when planning their trip and factor in utilities cost in their budget accordingly.
Sports And Leisure prices
Malta is the perfect destination for sports enthusiasts and leisure seekers alike. With its sunny weather and crystal-clear waters, the island offers visitors a wide range of outdoor activities, such as windsurfing, diving, and kayaking. Take a break from the hectic city life and discover magnificent cliffs, hidden coves, and pristine beaches. Whether you're looking to try something new or simply enjoy your favorite pastime, Malta's various sports and leisure options will leave you feeling refreshed and energized.
For those who prefer a more relaxed pace, Malta offers plenty of indoor and outdoor leisure activities. Explore the island's rich history by visiting ancient temples and museums or stroll through the charming streets of Valletta, the capital city. Take a yoga class at a local studio or enjoy a picnic in one of Malta's beautiful parks. If you're looking for a more exhilarating experience, why not try a hot-air balloon or helicopter ride over the stunning Maltese archipelago? With so many varied leisure activities, you're sure to find something that suits your interests and mood.
Salaries And Financing prices
Salaries in Malta are quite competitive compared to other European countries. The average salary in Malta is higher than the minimum wage and is enough for a decent living. Malta has a thriving economy, attracting many international businesses, which means there are plenty of job opportunities available. Being a small island, transportation is relatively easy, allowing for flexible job locations. It is also worth mentioning that Malta has a competitive tax system, making it even more attractive for both employees and businesses.
When it comes to financing in Malta, it is important to note that the country uses the Euro as its currency. There are plenty of banks and ATMs spread throughout the island, making accessing money straightforward. Malta also has a developed financial infrastructure, offering various banking and financing services, such as mortgages, loans, and savings accounts. It is crucial to have an understanding of the different banking and financing options available to make the best decisions regarding finances while in Malta. Overall, Malta provides a solid financial landscape for both locals and tourists.
Childcare prices in Malta can vary depending on the type of facility you choose. The prices of schools, for instance, can be significantly higher compared to that of Kindergartens. Schools usually offer more programs catering to the needs of older children, while Kindergartens focus on providing early education and basic care for younger children.
However, despite the difference in price, both schools and Kindergartens in Malta maintain high standards when it comes to childcare. They provide safe and nurturing environments where children can learn and play. Plus, most facilities have qualified teachers who are passionate about what they do. If you're looking for quality childcare in Malta, you can be sure that both schools and Kindergartens will provide a top-notch experience.
Clothing And Shoes prices
When it comes to clothing and shoes shopping in Malta, there are a plethora of options available to choose from. Whether you are on the lookout for trendy high-end fashion or affordable everyday wear, you can easily find a variety of styles and designs to suit your taste and budget. Thanks to the presence of numerous international and local retailers, you can easily shop at a wide range of stores across the island, including large shopping centers, standalone shops, and boutique outlets.
If you are looking for a one-stop-shop to satisfy all your fashion cravings, you should head to one of the popular malls in Malta. These malls offer a diverse range of clothing and footwear shops, along with beauty salons, restaurants, and entertainment facilities. If you prefer shopping at smaller independent stores, you can explore the various neighborhoods in Malta, which feature an abundance of street-side shops offering unique and handcrafted items. Furthermore, you can also benefit from the numerous seasonal and clearance sales that various stores offer, which can help you find the best deals and discounts on your favorite brands and products.
Rent Per Month prices
If you're planning a short stay in Malta, there are plenty of accommodation options available. Short-term rentals are a popular choice, offering visitors the chance to stay in a home away from home. From cozy apartments to spacious villas, there is something to suit every budget and preference. Prices vary depending on the size, location, and amenities of the property, with some options being more luxurious than others.
In addition to short-term rentals, Malta has a range of other stay options available. Hotels and resorts are a convenient choice for those who prefer a more traditional form of accommodation. Guesthouses and bed and breakfasts can provide a more personal touch, with hosts often going above and beyond to make guests feel welcome. Whatever your preference, there are plenty of options to choose from, with prices varying based on the level of luxury and comfort you require.
Buy Apartment prices
Malta offers a variety of real estate buying options, including apartments, townhouses, villas, and traditional Maltese houses. Each property type comes with its unique features and price ranges, allowing buyers to choose what fits their needs and budget. The cost of real estate varies depending on location, size, and quality, with certain areas like Sliema and St. Julian's being more expensive than others.
Despite varying prices, buying real estate in Malta is generally considered a sound investment due to the country's stable economy, growing tourism industry, and favorable tax policies. Additionally, foreign buyers can take advantage of the Global Residence Programme, which offers residency and tax incentives. With an efficient real estate market and a variety of buying options, Malta is an ideal destination for those looking for a home or investment property in the Mediterranean.