Cost of living in Malta in 2021

Cost of living in Malta

Country:

Last updated: May 2021

Overall:

Safety:

Fun:

Restaurants:

Estimated budget for 1 person in Malta$EUR
FOOD
Bread (400 g)*27 pieces, Potatoes (1 kg)*8.4 kg, White rice (1 kg)*5 kg, Onion (1 kg)*2.5 kg, Salad (1 kg)*2.5 kg, Tomatoes (1 kg)*5 kg, Apples (1 kg)*3 kg, Bananas (1 kg)*3 kg, Oranges (1 kg)*2 kg, Beef (1 kg)*4, Pork (1 kg)*2.5, Chicken fillet (1 kg)*6 kg, Milk (1 l)*20 l, Cheese (1 kg)*2 kg, Eggs (12)*4 pieces, Mineral water (1.5 l)*30 l
272.21$ 233.92 EUR
RENT
1-room apartment in a residential area*1, Internet*1
674.00$ 579.19 EUR
Restaurants
Lunch for 1 person (budget restaurant)*4, Cup of cappuccino*12, Coca Cola or Pepsi (330 ml bottle)*10, Big Mac menu*4, Beer (500 ml)*5, Local wine (1 bottle)*1
142.65$ 122.58 EUR
Transport
Public transport (1 month)*1, Taxi Start (Normal Tariff)*5, Taxi 1km (Normal Tariff)*20
153.50$ 131.91 EUR
Personal care
Toothpaste*1, Shampoo*1, Deodorant, roll-on (50ml ~ 1.5 oz.)*1, Cold and flu kit (for 6 days)*0.3, 1 visit to a private doctor*0.4
22.16$ 19.04 EUR
Entertaiment
1 movie ticket*3, 1 theater ticket*1, Gym (monthly subscription)*1, Cocktail at a nightclub*3
144.00$ 123.74 EUR
For 1 day, cheap varriant, per day in Malta$EUR
Hostel (for 1 person)*1 16.00$ 13.75 EUR
Bread (400 g)*1, Cheese (1 kg)*0.1, Milk (1 l)*1, Chicken fillet (1 kg)*0.3, Apples (1 kg)*0.3, Bananas (1 kg)*0.3, Oranges (1 kg)*0.3, Potatoes (1 kg)*0.5, Eggs (12)*0.4 8.79$ 7.55 EUR
Public transport (1 way ticket)*4 7.52$ 6.46 EUR
For 1 day, mid-range varriant, per day in Malta$EUR
Budget hotel (2-3 stars, 1 night)*1 54.00$ 46.40 EUR
Lunch for 1 person (budget restaurant)*3 39.00$ 33.51 EUR
Public transport (1 way ticket)*6 11.28$ 9.69 EUR
Food prices in Malta$EUR
Bread (400 g) 1.06$ 0.91 EUR
Milk (1 l) 0.97$ 0.83 EUR
Eggs (12) 2.40$ 2.06 EUR
Cheese (1 kg) 7.90$ 6.79 EUR
Chicken fillet (1 kg) 8.30$ 7.13 EUR
White rice (1 kg) 1.85$ 1.59 EUR
Onion (1 kg) 1.20$ 1.03 EUR
Salad (1 kg) 1.70$ 1.46 EUR
Potatoes (1 kg) 1.19$ 1.02 EUR
Tomatoes (1 kg) 3.27$ 2.81 EUR
Bananas (1 kg) 1.83$ 1.57 EUR
Apples (1 kg) 2.05$ 1.76 EUR
Oranges (1 kg) 2.52$ 2.17 EUR
Beef (1 kg) 11.64$ 10.00 EUR
Pork (1 kg) 10.80$ 9.28 EUR
Mineral water (1.5 l) 0.53$ 0.46 EUR
Restaurants in Malta$EUR
Lunch for 1 person (budget restaurant) 13.00$ 11.17 EUR
Lunch for 1 person (average restaurant) 19.00$ 16.33 EUR
Cup of cappuccino 1.90$ 1.63 EUR
Coca Cola or Pepsi (330 ml bottle) 1.85$ 1.59 EUR
Water (500 ml) 0.95$ 0.82 EUR
Big Mac menu 8.55$ 7.35 EUR
Standard dinner for 2 at a local pub 39.00$ 33.51 EUR
Alcohol prices in Malta$EUR
Beer (500 ml) 1.85$ 1.59 EUR
Imported beer (330 ml) 2.10$ 1.80 EUR
Local wine (1 bottle) 5.90$ 5.07 EUR
Vodka, rum or brandy 7.20$ 6.19 EUR
A pack of cigarettes 6.70$ 5.76 EUR
Hotel prices (1 night) in Malta$EUR
Hostel (for 1 person) 16.00$ 13.75 EUR
Budget hotel (2-3 stars, 1 night) 54.00$ 46.40 EUR
4 star hotel 89.00$ 76.48 EUR
Expensive hotel (5 stars) 184.00$ 158.12 EUR
Rent prices in Malta$EUR
1-room apartment in the city center 830.00$ 713.24 EUR
1-room apartment in a residential area 640.00$ 549.97 EUR
3-room apartment in the city center 1610.00$ 1383.51 EUR
3-room apartment in a residential area 1080.00$ 928.07 EUR
Internet 34.00$ 29.22 EUR
Transport in Malta$EUR
Public transport (1 way ticket) 1.88$ 1.62 EUR
Public transport (1 month) 30.00$ 25.78 EUR
Taxi Start (Normal Tariff) 17.50$ 15.04 EUR
Taxi 1km (Normal Tariff) 1.80$ 1.55 EUR
Taxi 1hour Waiting (Normal Tariff) 12.00$ 10.31 EUR
Gasoline (1 liter) 1.53$ 1.31 EUR
Household expenses in Malta$EUR
Cold and flu kit (for 6 days) 7.00$ 6.02 EUR
Packaging of antibiotics 21.00$ 18.05 EUR
Pack of tampons 4.77$ 4.10 EUR
Deodorant, roll-on (50ml ~ 1.5 oz.) 3.96$ 3.40 EUR
Toothpaste 3.50$ 3.01 EUR
1 visit to a private doctor 18.00$ 15.47 EUR
Men's haircut in a barbershop 14.00$ 12.03 EUR
Shampoo 5.40$ 4.64 EUR
Fun in Malta$EUR
1 movie ticket 9.00$ 7.73 EUR
1 theater ticket 41.00$ 35.23 EUR
Rent a tennis court (1 hour) 15.00$ 12.89 EUR
Gym (monthly subscription) 49.00$ 42.11 EUR
Cocktail at a nightclub 9.00$ 7.73 EUR
Others in Malta$EUR
Levis jeans or similar brands 95.00$ 81.64 EUR
Summer dress (Zara, H&M, ...) 46.00$ 39.53 EUR
Sports sneakers (Nike, Adidas, Reebok) 76.00$ 65.31 EUR
Men's Shoes 85.00$ 73.04 EUR

Malta - Prices and cost of living per month

Malta is an island state of the European Union, which year after year confirms stability in both political and economic sectors, and also welcomes innovation and attracts new technologies from abroad, creating a favorable economic climate for doing business, in particular the development of startups.

The Maltese government's modernized approach to developing and attracting investment into the state, its open and business-minded tactics and lowered tax barriers have attracted foreigners, above all, to develop their businesses. And despite the existing investment programs, which allow you to obtain a residence permit, permanent residency and citizenship of the Republic, few people are considering Malta for permanent residence.

The main motives for investment in the Maltese real estate and the economy, however, are obtaining a European passport and the prospects of business development. Malta is one of the top ten countries, leading the annual ranking of the safest countries in the world. And in addition, is the country, the most favorable for the residence of expats. One of the confirmation is a recently published by International Living Magazine assessment. The conclusion is based on indicators such as climate, level of safety, level of health care, coastal location, preferential taxation, in particular income tax of 15%.

Today we would like to consider Malta for living, advantages and disadvantages of this country.

Life in Malta for retirees

A quiet and full life at an advanced age, when employment is over, is the dream of every pensioner. Life for pensioners in Malta is measured and comfortable. Favourable climate and warm weather, a first-class health system, which occupies the fifth place in the world according to the WHO, a relatively low price level attract older foreigners to Malta.

According to the largest international portal Numbeo, which determines the cost of living in different parts of the world, the average rent for an apartment in Valletta in November 2018 is: a one-bedroom apartment in the city center - 830 euros; a one-bedroom apartment on the screen - 650 euros; three-bedroom apartment in the city center - 1484 euros; three-bedroom apartment in the suburbs - 1035 euros; and the average check in a restaurant is 45 euros, in the economy-level cafe - 12.5 euros.

The highest number of immigrants in retirement age is observed among the British and this is justified by several reasons: the proximity of the island to the British Isles - only three hours flight; English is an official language on a par with Maltese; the feeling of comfort due to the food, culture and tolerance of the Maltese, after all Malta is a former British colony, which affected the mentality of the people and the general order of the country; free medical care in accordance with the agreement on mutual security.

According to the same Numbeo calculations, living in Valletta for the average Briton is almost two times cheaper than in London. Savings in pounds sterling for equal conditions, standard of living and expenses, including rent, are £ 2,760.88 and £ 4,600.00, respectively. In terms of regional distribution, foreign pensioners prefer a moderate life in Malta - the island of Gozo. It is worth dwelling on the government program The STM Malta Personal Retirement Plan, which provides favorable pension terms for EU residents.

In particular, the scheme of transfer of pension payments to Malta with the avoidance of double taxation for many countries, as well as receiving benefits in the same form as in the country of citizenship. Life in Malta for the working-age population Geographical location and natural character has affected not only the life of Malta, but also the labor force.

Ever since the industrialisation of the country and the shortage of its own natural resources, the state has been committed to developing a labour force that would eventually form the backbone of a growing economy. To this end, over the past six decades Malta has invested heavily in education and training. This has had an impact both on the productivity of the workforce and on the innovative nature of the productive spheres.

The Maltese workforce is characterised by a strong work ethic, flexibility and the development of innovative, cost-effective solutions. As such, Malta is renowned as a hub for companies that are highly innovative and demanding. The average monthly after-tax salary in Malta as of November 2018 is 1,300 euros. The widest supply of vacancies is in the sale of goods and services. The unemployment rate in the country is less than 4%. In addition, the launch of government programs that attract highly qualified personnel from abroad has filled certain gaps in the local labor market.

Maltese employers do not have to go through formal difficulties to attract foreign workers, as in most EU countries. Foreign nationals can apply for vacancies in health care, information technology, finance and education, construction and architecture. Great prospects for employment of foreigners represent the position of top managers and CEOs. At present there are about 6000 citizens of third countries employed in Malta. The largest number of foreign workers are citizens of the Philippines, Serbia and China. Among other nationalities, the largest proportion are personnel from India, Libya, Russia, Ukraine, Turkey, Pakistan and Somalia.

Add comment


© 2018 - 2021 voyagestic.com