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The Truth About the Cost of Living in Malta: What You Need to Know Before Moving
The Mediterranean conjures up images of warm climates and picturesque, white-washed villages. You picture the amazing food, friendly people, and beautiful history.
The one thing that you might be worried about when it comes to a Mediterranean lifestyle is the cost of living.
Is the cost of living in Malta scary, or is it worth the sacrifice for the wonderful life that you could have?
Well, fortunately for you, we are here to tell you exactly what to expect in terms of the cost of living in Malta.
Keep on reading to ensure that you know what you are getting yourself into!
Housing Costs
Malta has a lot of different places to stay, like apartments, townhouses, and villas, but the prices can be very different. The cost of renting and buying property in popular areas such as Valletta and Sliema can be relatively high. While more rural areas may offer more affordable options.
Depending on your preferences and location, the cost of renting an apartment can range from €600 to €2,000 per month for a one-bedroom apartment.
Utility Bills
In Malta, electricity and water are the most significant expenses, as they are charged at a premium rate. Additionally, gas is not commonly used for household purposes. This makes electricity the main source for heating and cooking.
Malta monthly expenses for electricity, water, and heating/cooling can add up to around €100-€150 for a small apartment.
Grocery Shopping
While the Mediterranean country offers a beautiful climate and stunning scenery, the cost of living in Malta can be cheaper than in other parts of Europe. With some budgeting and savvy grocery shopping skills, it’s possible to stay within a reasonable budget. On average, a couple can expect to spend around €300-€400 per month on groceries.
Transportation
The small size of the island means that public transportation is widely available and relatively affordable. However, it is important to note that the cost of owning a car in Malta can be quite high due to registration fees and insurance costs.
Malta transportation costs such as bus pass costs around €26, and taxis are readily available. However, owning a car can be costly due to high fuel prices, insurance, and maintenance.
Healthcare
Expats and visitors should be aware of the cost of medical procedures, medications, and health insurance before making the move. Private healthcare in Malta can be expensive, but there is also a publicly funded healthcare system available for residents.
You can opt for private health insurance, which costs around €600-€1,200 per year, depending on your age and coverage.
Education
While public schools are free for Maltese citizens and residents, expats will need to factor in expenses for private or international schools. The average cost of tuition and fees for private schools can range from 5,000-15,000 euros per year per child, not including additional fees for uniforms, books, and extracurricular activities.
It’s important for those considering a move to Malta to carefully research and budget for education costs to ensure a smooth transition and minimize financial strain.
A Guide to the Cost of Living in Malta
In conclusion, understanding the true cost of living in Malta is crucial before making the decision to move. From housing to transportation to everyday expenses, it is important to factor in all aspects to ensure a smooth transition and financial sustainability.
So, do your research, plan ahead, and make an informed decision before embarking on this exciting journey. Start planning now and turn your dream of living in Malta into a reality!
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