What is the Cost of Living in Malta

Malta, a small Mediterranean island nation, has become an increasingly popular destination for expats and digital nomads looking for a change of scenery. Apart from its stunning landscapes and rich history, one of the key factors attracting people to Malta is its relatively low cost of living compared to many other European countries. If you are considering a move to Malta or just curious about the expenses, let’s delve into the cost of living in Malta.

Housing is one of the biggest expenses in any location, and Malta is no exception. The cost of renting an apartment or house in Malta varies depending on the location and size. In popular areas like Sliema or St. Julian’s, a one-bedroom apartment can range from €800 to €1,200 per month, while a two or three-bedroom apartment can cost between €1,200 and €2,000 per month. If you are looking to buy property in Malta, prices will vary significantly depending on the location, size, and condition of the property.

Transportation in Malta is relatively affordable. The island has an efficient public transportation network consisting of buses and ferries that cover most areas. A single bus journey costs around €1.50, and a monthly bus pass costs approximately €26. Taxis are also readily available, but they are more expensive compared to public transportation. If you prefer to drive, owning a car in Malta can be a bit costly, as you would need to factor in fuel expenses, parking fees, and insurance.

When it comes to groceries, Malta offers a range of options to suit different budgets. Supermarkets like Lidl and Pama offer affordable prices for daily essentials, while luxury supermarkets like Scotts or Valyou offer a wider selection of international products. On average, a weekly grocery bill for a single person can range from €30 to €60, depending on eating habits and dietary preferences.

Dining out in Malta is an excellent way to immerse yourself in the local cuisine and enjoy the vibrant restaurant scene. Malta has a variety of dining options, from inexpensive street food stalls to high-end restaurants. A meal at an affordable restaurant can cost around €10 to €15, while a three-course meal for two at a mid-range restaurant can range from €40 to €70. However, prices can vary significantly depending on the location and type of cuisine.

Utilities such as electricity, water, heating, and internet are additional costs to consider. The average monthly costs for these utilities can range from €100 to €150, depending on the size of the property and usage. Internet and mobile phone plans are relatively affordable, with packages starting from around €20 per month.

Healthcare is an essential aspect to consider when relocating to a new country. Fortunately, Malta has a robust healthcare system with modern facilities. If you are an EU citizen, you can access healthcare services for free or at reduced rates by applying for a European Health Insurance Card. Private health insurance is also available for those who prefer additional coverage or are non-EU citizens.

Overall, Malta offers a reasonably affordable cost of living, especially when compared to other European countries. While the prices mentioned above may vary, they provide a general overview of the cost of living in Malta. Living expenses will depend on personal choices and lifestyle. Whether you are considering a short-term stay or looking to make Malta your permanent residence, it is always advisable to do thorough research and create a realistic budget to ensure a comfortable and financially stable life on the beautiful island of Malta.