As a small island nation in the heart of the Mediterranean, Malta has emerged as an attractive destination for expats, digital nomads, and retirees seeking an affordable yet high-quality lifestyle. With its rich history, stunning coastal landscapes, and welcoming English-speaking population, Malta offers a unique blend of old-world charm and modern conveniences.
In this article, we’ll explore the cost of living in Malta, breaking down the essential expenses and providing insights into what it takes to live comfortably on the archipelago.
Housing Costs
One of the most significant expenses for anyone relocating to Malta is housing. The rental market in Malta can vary widely depending on the location, size, and amenities of the property.
In popular areas like Sliema, St. Julian’s, and Valletta, one-bedroom apartments typically range from €600 to €900 per month, while larger two or three-bedroom apartments can cost between €800 and €1,500 per month. It’s worth noting that rental prices in these areas tend to be higher due to their proximity to the sea and nightlife.
For those seeking a more budget-friendly option, areas like Mosta, Birkirkara, and Qormi offer more affordable rental options, with one-bedroom apartments starting around €450 per month and two-bedroom apartments ranging from €600 to €900 per month.
Utility costs, such as electricity, water, and internet, are generally reasonable in Malta. Expect to pay around €100 to €200 per month for a one or two-bedroom apartment, depending on usage.
Food and Groceries
Malta’s diverse culinary scene offers a wide range of options, from local cuisines to international flavors. Eating out can be affordable or indulgent, depending on your preferences.
A meal at an inexpensive restaurant can cost between €10 and €15, while a mid-range restaurant might charge €20 to €35 per person. High-end dining experiences typically range from €40 to €80 per person, with prices varying based on the establishment’s reputation and location.
Grocery shopping in Malta is relatively inexpensive, especially when purchasing locally sourced produce and goods. A weekly grocery bill for one person can range from €40 to €60, while a family of four can expect to spend between €100 and €150 per week on groceries.
Transportation
Malta’s compact size and efficient public transportation system make getting around convenient and affordable. The island has an extensive bus network, and a weekly bus pass costs around €6.75 for unlimited travel.
For those who prefer the convenience of a personal vehicle, the cost of fuel is relatively high, with gasoline prices averaging around €1.50 per liter. However, the short distances and lack of need for long commutes can help offset fuel costs.
Taxis are readily available, but they can be more expensive, with a typical short ride costing between €10 and €15.
Healthcare
Malta’s healthcare system is highly regarded and provides universal coverage to its citizens and legal residents. However, expats and visitors may need to obtain private health insurance or pay out-of-pocket for medical services.
Private health insurance premiums in Malta can vary depending on factors such as age, coverage level, and the insurer. On average, a comprehensive health insurance plan for an individual can cost between €800 and €1,500 per year.
For those without health insurance, the cost of a routine doctor’s visit can range from €20 to €40, while more specialized treatments and procedures can be significantly more expensive.
Entertainment and Leisure
Malta offers a variety of entertainment and leisure options, catering to diverse interests and budgets.
Cultural activities, such as visiting museums, historical sites, and attending local festivals, can be reasonably priced, with admission fees typically ranging from €5 to €15 per person.
Outdoor activities like hiking, swimming, and exploring the island’s natural beauty are often free or inexpensive, making them popular choices for those on a budget.
For nightlife enthusiasts, Malta’s vibrant bar and club scene offers a range of options. A night out, including drinks and entry fees, can cost between €30 and €100 per person, depending on the venue and level of indulgence.
Overall Cost of Living
According to recent data from Numbeo, the cost of living in Malta is approximately 15% lower than the European Union average. A single person can live a comfortable lifestyle in Malta with a monthly budget of around €1,000 to €1,500, while a family of four can expect to spend between €2,500 and €3,500 per month, depending on their housing and lifestyle preferences.
It’s important to note that these figures are estimates, and individual expenses may vary based on personal preferences, lifestyle choices, and specific living situations.
Malta’s affordable cost of living, combined with its rich cultural heritage, beautiful landscapes, and welcoming atmosphere, make it an attractive destination for those seeking a high-quality Mediterranean lifestyle without breaking the bank.
