When it comes to cost of living in Malta, you should know that the people there receive relatively low wages when compared to, for instance, US standards but the cost of living is also cheaper.
Life in general in Malta is pretty laid back, as we mentioned the cost of living is cheaper than in most of Europe, there are plenty of social activities, entertainment, music and art at every step, and the weather is also favorable.
Keep in mind, however, that during the last couple of years the rent prices have been getting higher.
When it comes to restaurants, almost everyone eats outside because it’s really healthy – and it’s hard to stay inside in such a warm and pleasant country. However, it is expensive: you would have to pay around 5$ for a fresh large squeezed juice and 10-12$ for a good fresh salad. A meal for two in an inexpensive restaurant will cost you somewhere around 30$.
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$ 13.87|
|Domestic Beer (0.5 Liter)||$ 2.89|
|Water (0.33 Liter)||$ 1.17|
Prices in supermarkets are getting higher and higher too: some are claiming that they’re as high as in some of the most expensive countries in Europe. But there are still some tricks you can follow, for example: if you want to save some money Liquor, it’s best to go shopping in Pama or Lidl supermarket where the prices are much lower. Don’t drink beer outside – buy them in supermarkets, where they’re very cheap.
|Average Market Prices|
|Milk (1 Liter)||$ 1.00|
|Loaf Bread (500g)||$ 1.11|
|Eggs (12)||$ 2.60|
Public transport system is mainly of poor quality and badly organized. One-way ticket for public transport costs around 2$, while a monthly pass costs 30$ which pays off way more than buying a one-way ticket each day. You can always hail a taxi. Ecabs and Taxify taxi service are quite affordable, with prices ranging from 8$ to 25$, depending where you need to go.
|Average Transport Prices|
|One Way Ticket||$ 1.73|
|Monthly Pass||$ 30.06|
Utilities are definitely not expensive when compared to other countries in Europe. They are a small expense, and if you live in a larger apartment, of about 85m2, your basic utilities including electricity, heating, cooling, water and gas, will cost less than 100$. Internet is reasonably priced, too and costs about 35$.
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$ 92.03|
|1 min. of Prepaid Mobile Tariff Local||$ 0.27|
|Internet (Unlimited Data, Cable/ADSL)||$ 35.27|
SPORTS & LEISURE
If you’re living anywhere in Europe, you already know how expensive gyms and fitness clubs can get. This applies to Malta too. A membership in a gym or a fitness club costs more than 50$. Prices for cinema tickets are the same as in many expensive cities in Europe – if you want to go see a movie, be ready to pay 10$ per ticket.
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$ 52.07|
|Tennis Court Rent (1 Hour)||$ 16.42|
|Cinema, 1 Seat, International Release||$ 9.25|
CLOTHING & SHOES
One of the good things when it comes to shopping in Malta, is that all shopping malls are less than a 30 minutes of drive away from the cities. However, there aren’t many options and the prices of clothing are high. For example, both quality jeans and quality sneakers are as much as 80$ a pair.
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$ 82.20|
|1 Summer Dress in a Chain Store (Zara, etc...)||$ 38.60|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$ 85.81|
RENT PER MONTH
Rent is definitely the most expensive part of living in Malta. You can find cheaper apartments and flats, or even share them with someone, but in comparison to other costs, they are just really expensive. Renting an apartment in the city center costs around 950$, and if you want one a bit further away from the city, it’s still around 700$.
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$ 914.82|
|Apartment (1 bedroom) Outside of Center||$ 698.28|
|Apartment (3 bedrooms) in City Center||$ 1608.32|
How Does the Average Person Spend Their Money in Malta?
The average person in Malta spends the biggest part of their money on rent – which is the most expensive toll on their salary.
After rent, people spend a huge bulk of their money on food – which only makes sense, for every single country – you have to eat, right?
Restaurants are the third on the pie chart of people’s expenses in Malta, probably because they’re pretty pricey, while transportation follows since it’s an everyday necessity, and it isn’t exactly cheap here, either.
Clothing, shoes and accessories, as usual, draw the least money from Malta’s consumers.
Malta: Average Salary, Minimum Wage & Mortgages
Citizens of Malta have relatively reasonable salaries, with a minimum wage of around 900$.
Those that are renting, however, will probably have to set aside around half of their salary for rent only, and then spend the other half on everything else.
Average monthly net salary is around 1300$ which is definitely enough to cover all expenses and not have to worry about your existence.
If you plan on going to Malta, though, and you’re wondering how much money would suffice for a month – around 1300$ would be your best bet – if you plan on living on a tight budget.
Cost of Living by City in Malta
*Click the name of the city for more information.
|City||Cost of Living Index|