Introduction to the Cost of Living in Malta
Malta, a small island in the middle of the Mediterranean Sea, is gaining growing popularity as a place to live and work. Its unique combination of climate, culture, and a dynamically growing economy attracts more expatriates and tourists. But what do prices look like in Malta? Is life on this island expensive? Below, we present a detailed overview of the cost of living in Malta, along with current prices for products and services.
Housing Costs
Housing is one of the biggest expenses for people living in Malta. Property prices vary depending on location. In the capital, Valletta, and popular towns like Sliema, St. Julian’s, and Paceville, rental prices are significantly higher. The average cost of renting a one-bedroom apartment is about 800-1200 euros per month. Outside tourist centers, prices are lower. You can find apartments for around 600-800 euros. Purchasing property is also relatively expensive, with prices starting from 225,000 euros for a small apartment.
Food Costs
Food in Malta can be relatively expensive, especially when it comes to imported products. Locally produced vegetables and fruits are more affordable. Prices in supermarkets are comparable to those in other European countries. For basic products, you will pay: bread – about 1.20 euros, milk – 1 euro per liter, eggs – about 2.50 euros per dozen, and a kilogram of beef around 12 euros. Dining options, including restaurants, offer a wide range of dishes. The average price of a meal in a local restaurant is about 15 euros, while in more exclusive places, it can be as much as 40 euros.
Public Transport
Transport in Malta is relatively cheap. Malta has a developed bus network, which is the main means of public transportation. A single ticket costs about 2 euros during the summer season and 1.50 euros outside the season. You can also purchase monthly tickets for around 26 euros. If you plan to use taxis, the price for a ride covering approximately 5 km averages 12 euros. Renting a car costs about 20-30 euros per day, and a liter of gasoline costs around 1.40 euros.
Entertainment and Services
Spending free time in Malta can be relatively inexpensive. Entry to a cinema costs around 8 euros, and a monthly fitness club membership about 40 euros. Healthcare costs for residents are covered by the national health system. Private medical services are available but come with higher costs. A doctor’s visit costs about 50 euros. It is also worth mentioning telecommunication costs. Phone packages with internet access start from 15 euros per month.
Summary of the Cost of Living in Malta
Malta is an attractive place to live, but not cheap, especially in tourist areas. Housing and food costs are the main factors affecting residents’ budgets. Other expenses, such as transportation and entertainment, are more moderate. For those considering living in Malta, it is important to estimate their own needs and budget to live comfortably on this beautiful island.
