Malta is a beautiful European island known for its stunning beaches, rich history, and cultural heritage, attracting many tourists and residents. However, due to its central Mediterranean location, living costs can be relatively high. This article explores the monthly expenses of living in Malta, including accommodation, food, transportation, utilities, and other costs.
Accommodation Costs
When living in Malta, accommodation is a major expense. The cost varies by location and property size. Living in the center of Valletta, the capital, can be 20% to 50% more expensive than other areas. In more remote regions, rent can be as low as €700 per month.
A standard one-bedroom apartment typically costs between €700 and €900 per month. A luxury apartment can cost €1,500 or more. If you decide to buy property, prices also vary widely but generally range from €200,000 to €500,000 depending on location and size.
Food Costs
Malta offers a variety of dining options, from fine restaurants to street food stalls. A lunch meal costs between €10 and €15, while dinner ranges from €20 to €40, depending on the restaurant and menu choice. If you prefer cooking at home, expect to spend around €200 to €400 per month on groceries, depending on personal preferences.
Transportation Costs
Malta has a convenient public transportation system, primarily buses and taxis. A bus ticket costs €1.50. Monthly commuting expenses range from €40 to €60. Renting a car costs between €300 and €500 per month, depending on the model and rental period.
Utilities
Utilities in Malta are often included in rent or property costs. If you own a home, expect to pay around €70 to €100 per month for utilities. Internet and cable TV services cost an additional €35 to €50 per month.
Other Expenses
Other living costs include phone bills, insurance, and gym memberships. Phone bills are typically €20 to €30 per month, while insurance varies based on personal circumstances. Gym memberships cost between €30 and €60 per month, depending on the facilities and services offered.
Goods Prices
The cost of goods also affects the overall cost of living in Malta. Here are some common items and their prices:
- Bottle of water (1.5 liters): €0.50
- Bottle of beer (0.5 liters): €1.50
- Bottle of wine (750 ml): €5 to €20
- Pack of cigarettes: €5 to €7
- Pair of jeans: €40 to €80
- Pair of leather shoes: €70 to €120
Conclusion
Overall, living in Malta can be more expensive than in other European countries. However, its scenic beauty and rich cultural heritage continue to attract many people to visit and live there. When considering a move to Malta, factor in costs for rent or property purchase, food, transportation, utilities, and other expenses. These costs can vary based on personal circumstances and preferences. If you’re planning to live in Malta, use this information to budget and ensure your living expenses align with your expectations.
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