Cost of living in Malta

The reasonable cost of living in Malta is one of the archipelago’s major attractions, particularly for globally mobile professionals. While Maltese salaries might be lower compared to other parts of Europe, the cost of living balances this out, allowing you to enjoy a comfortable and affordable lifestyle.

Valletta, the capital, and Sliema are among the top spots for expats, offering resorts, retail shops, and modern housing. These areas are generally pricier and more populated than others, so it's worth considering your options carefully.

Cost of accommodation in Malta

When it comes to accommodation in Malta, you’ll find that modern, furnished properties with one to three bedrooms and a small garden offer better value for money compared to similar properties in major European cities like London. Utilities are also less expensive, and most rentals come fully furnished, making it easier to settle in quickly.

Your choice of location is crucial, as it can significantly impact your rental costs. Accommodation in smaller outlying towns tends to be cheaper than in major cities. For example, properties in the Northern Harbour region, including Sliema and St Julian’s, are among the priciest, while areas like Gozo and St Paul’s Bay typically offer lower rental prices.

Newer property developments often come at a higher price but require less maintenance, which might save you in the long run. Malta’s pleasant weather means that utility costs are relatively low, with little need for heating in winter. However, air conditioning is a must during the summer months.

Finding Accommodation in Malta

Cost of transport in Malta

Thanks to the island's compact size, getting around in Malta is straightforward and affordable. The public transport system, which includes buses and ferries, has seen improvements in recent years, making it a reliable option for daily travel. The government has invested in expanding routes and modernising the fleet, so you can expect efficient coverage across the island.

Owning a car in Malta is a pricier option, considering the costs of taxes, insurance, and petrol. Parking, particularly in urban areas like Valletta and Sliema, can be challenging due to limited spaces, though suburban and rural areas tend to have more availability. With the introduction of electric buses and ongoing enhancements to public transport, you might find it easier and more cost effective to rely on public transport rather than driving.

Getting Around in Malta

Cost of groceries in Malta

The cost of groceries in Malta is similar to other parts of Europe, though you can save by opting for local products, which are often cheaper than imported brands. Inflation has affected the prices of imported goods, making locally produced items like fresh vegetables, dairy, and meat more attractive.

Supermarkets generally offer better deals than smaller grocery shops, and you’ll find that produce from roadside markets and farmers’ markets is both inexpensive and fresh. These markets also provide a more diverse selection of local goods, making them popular among those looking to save while enjoying fresh, local produce.

Cost of entertainment and eating out in Malta

Eating out in Malta remains relatively affordable, though prices have increased recently due to rising operational costs and inflation. Restaurants that cater to locals are moderately priced, while those in tourist areas can be pricier. That said, Malta’s culinary scene is diverse, with many establishments now focusing on sustainable and health-conscious menus, incorporating local ingredients and plant-based options.

Thanks to Malta's beautiful coastline, outdoor activities such as swimming, snorkelling, and kite surfing are popular and low-cost. There are also plenty of opportunities to explore museums, catch a movie, or dance the night away at a club, all for a reasonable fee.

Cost of education in Malta

Public education in Malta is free, including transport and textbooks, with a curriculum modelled on the British system. However, instruction is in Maltese, which is why many expats choose to enrol their children in private or international schools.

If you're moving for work, consider negotiating with your employer for an education subsidy, as international school fees can be high. That said, these schools are known for their exceptional teaching standards and facilities, which often justify the costs.

Education and Schools in Malta

Cost of healthcare in Malta

Healthcare in Malta is of excellent quality, and if you have a work permit, you can access public healthcare services at no cost. If you’re not eligible for public healthcare, you’ll need to purchase a health insurance policy.

These policies are generally affordable, with many expats opting for basic hospital coverage while paying for everyday healthcare expenses out of pocket. The growing availability of private clinics and the introduction of new healthcare facilities have further improved access to medical care for residents.

Healthcare and Health Insurance in Malta