Blog

10 APR
­

Cost of living in Malta

Despite being greatly increased in recent years, Malta remains one of the European countries with the lowest cost of living. The reason for this increase is found in the fact that more than 2/3 of the products must be imported. Moreover, in many areas, there is only one supplier. For example, until a few years ago, Vodafone was the only mobile phone provider, and are now well established as other managers GoMobile and Melita. The government is about to prevent the monopoly of many operators and has already successfully demonstrated (see GoMobile and Vodafone) that increased competition in the market is possible.

Because of the financial crisis that began in 2008, the cost of living, in some cases, is even doubled. From 2008 to 2011, the cost of living has increased year by year. Particularly dramatic was the increase in the prices of staple foods such as pasta, rice and flour. The cost of gasoline is increased, even at a distance of one week.

It ‘hard to directly compare the cost of living in Malta with that of other European countries. Many tourists and immigrants argue that life in Malta is more expensive than other European countries, while others say that the cost of living is similar to that of their country of origin. Although the monthly income of a worker Maltese is far less than the average income of the countries of Central Europe, life in Malta is certainly cheaper. Currently, the average gross annual income in Malta is about 17,000 euro per person.

AVERAGE COST OF LIVING IN MALTA

Restaurants Average
Meal, eatery  € 10.00
Meal for two, restaurant, three courses € 40.00
Meal at McDonalds or similar € 7.50
Domestic beer (0.5 liter draft) € 2.00
Imported beer (bottle 0.33 liters) € 2.00
Cappuccino (Regular) € 1.54
Markets Average
Milk (normal), (1 liter) € 0.89
Loaf of fresh white bread (500g) € 0.84
Rice (white), (1kg) € 1.31
Eggs (12) € 2.10
Local cheese (1kg) € 7.46
Chicken breasts (boneless, skinless), (1kg) € 5.81
Apples (1kg) € 2.03
Oranges (1kg) € 1.92
Tomato (1kg) € 1.16
Potatoes (1kg) € 1.32
Lettuce (head first) € 1.00
Water (1.5 liter bottle) € 0.68
Bottle of Wine (Mid-Range) € 4.00
Domestic beer (0.5 l bottle) € 1.11
Pack of cigarettes (Marlboro) € 4.40
Transport Average 
One-way ticket (Local Transport) € 1.50
Monthly ticket (List Price) € 26.00
Taxi Start (regular rate) € 8.00
Taxi 1km (regular rate) € 1.75
Taxi 1 hour wait (regular rate) € 8.00
Gasoline (1 liter) € 1.46
SERVICES (Monthly) Average
Basic (electricity, heating, water, garbage) for 85m2 Apartment € 101.92
1 min. Prepaid Mobile Tariff Local (No discounts or plans) € 0.29
Internet (6 Mbps, Unlimited Data, Cable / ADSL) € 19.35
Sport and Leisure Average
Fitness Club, monthly fee for 1 adult € 42.62
Tennis Court rental (1 hour on the weekend) € 16.67
Cinema, film internationally, 1 place € 7.00
Clothes and shoes Average 
1 pair of jeans (Levis 501 or similar) € 77.25
1 summer dress in a chain store (Zara, H & M, …) € 53.40
1 pair of Nike shoes € 66.25
1 pair of men’s shoes in leather € 67.50
Monthly Rentals  Average
Apartment (1 bedroom) in the city center ‘ € 358.00
Apartment (1 bedroom) outside the Centre € 287.50
Apartment (3 bedrooms) in the center € 657.69
Apartment (3 bedrooms) outside the center € 464.62
Prices buy apartment Average
Price per square meter to buy apartment in City Center 3,187.50 €
Price per square meter to buy apartment outside the center € 1,325.00
Salaries and funding Average
Average monthly income (after tax) 1,182.25 €
Mortgage – Interest rate in percent (%), annual 3.82

Comments

comments