Standard of living in Malta: salaries and prices

Unlike most places that Russian citizens choose for permanent residence, Malta cannot be classified as a country with cheap food, goods and services. This island is definitely not suitable for moving in order to save money – such as, for example, to Thailand, Bulgaria or Greece – but if you have a regular income and the right approach to purchasing, you will not feel any high cost. There can be no question of comparison with Scandinavia, Austria, Switzerland or Great Britain; It is no coincidence that representatives of these countries come to the island to relax during the holiday season.

As a rule, foreign investors who have received Maltese citizenship in exchange for investments are very wealthy people, and the difference in prices seems imperceptible for them – especially since in general they are quite comparable with those in Moscow. Owners of small and medium-sized businesses, as well as employees, usually plan their expenses, which largely depend on the size of the family and place of residence.

Standard of living in Malta

According to official data from the Maltese Department of Industry and Labor Relations, at the end of last year the average salary in the country was 1,625 euros. However, in those industries where highly qualified immigrants are employed (IT technology, law, banking, education, medicine, construction), it reaches 2,100 euros. Naturally, a prerequisite for successful employment is excellent knowledge of the English language and a diploma from a European university. On the other hand, the most vacancies occur in the sales and services sector, although the salary here is already lower – about 1,300 euros per month.

Salaries and prices in Malta

The income of private entrepreneurs depends on many factors, one of the main ones being the economic sector/occupation. Before the Covid-19 pandemic, it was most profitable to open a business in Malta in areas such as hotel and restaurant business, excursions, and car rental. Fitness centers, massage parlors and beauty salons enjoyed increased popularity, and tax rates were much lower than in the vast majority of EU countries. Renting out housing in Malta to tourists also brought a stable income – for example, in tourist centers such as Sliema, Valletta or St. Giuliano, where apartments in a modern residential complex near the center bring about 1,000 euros per month.

Cost of living in Malta

The main expense item in Malta is food, which is much cheaper to buy in international chain supermarkets (the same Carrefour or Lidl), rather than in small shops aimed at tourists. Prices for locally produced products (bread, milk, cheese, meat) differ little from their Italian or Spanish counterparts, while fruits, vegetables, oil and drinks will cost more, and in terms of quality they are not much inferior to the so-called “farm” ones. . For an average family (two adults, two children), food costs will cost 700-750 euros per month, excluding trips to cafes and restaurants (from 15-20 euros for two).

A private kindergarten will cost no more than 350 euros per month, while the cost of education in a secondary English-language school can vary between 400-700 euros. Public secondary education in Malta, as in all EU countries, is free.

Life in Malta

Despite the fact that Malta is a small island with an area of ​​only 316 sq. km, and all its developed cities are actually concentrated on one half, many immigrants have personal cars at their disposal. If necessary, they can also be rented for 30-50 euros per day, with the cost of gasoline being about 1.3 euros. Alternatives include taxis (2 euros per kilometer), buses (their network is very developed) and ferries.

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