🇨🇾 Cost of Living: Cyprus vs Malta — Price Comparison
Last updated: February 2026
Verified Facts
Official NameRepublic of Cyprus
CapitalNicosia
Population1.4 million
Area9,251 km² (3,572 sq mi)
LanguagesGreek, Turkish
Currencyeuro (€)
TimezoneUTC+02:00
RegionEurope / Southern Europe
Drives onLeft
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$62,312 (2024)
Inflation Rate1.8% (2024)
Health Spend per Capita$2,899 (2023)
Out-of-Pocket Health Spend17.9% (2023)
Education Spend (% GDP)4.7% (2022)
Source: World Bank Open Data
Cyprus is generally cheaper than Malta, with an overall cost of living difference of around 10-20%.
Quick Facts
Cyprus GDP per Capita (PPP)34,970
Malta GDP per Capita (PPP)43,870
Cyprus Inflation Rate1.2%
Malta Inflation Rate1.5%
Overall Winner (Cheaper)Cyprus
Overview: Cyprus vs Malta
Cyprus and Malta are two popular destinations in the Mediterranean, known for their warm climate, beautiful beaches, and rich history. However, when it comes to the cost of living, there are some significant differences between the two countries. Cyprus has a lower cost of living compared to Malta, with prices for accommodation, food, and transportation being generally lower. This makes Cyprus an attractive option for expats, students, and retirees who are looking for a more affordable lifestyle. The economic context of both countries is also worth considering, with Cyprus having a more diversified economy and a stronger focus on tourism, while Malta has a more service-based economy with a strong focus on finance and gaming.
The cost of living difference between Cyprus and Malta is around 10-20%, with Cyprus being the cheaper option. This means that expats and visitors can enjoy a similar quality of life in Cyprus for a lower price. However, it's worth noting that Malta has a higher GDP per capita and a more developed economy, which may be attractive to some individuals. Overall, the choice between Cyprus and Malta will depend on individual preferences and priorities, but for those looking for a more affordable lifestyle, Cyprus is likely to be the better option.
Rent & Housing Comparison
Item
Cyprus (USD)
Malta (USD)
Difference
1BR Apartment (City Center)
450
650
44% more expensive in Malta
1BR Apartment (Outside)
300
450
50% more expensive in Malta
3BR Apartment (City Center)
800
1,200
50% more expensive in Malta
Food & Dining Comparison
Item
Cyprus (USD)
Malta (USD)
Difference
Meal at Restaurant
15
20
33% more expensive in Malta
Groceries (monthly)
300
400
33% more expensive in Malta
Beer (500ml)
3
4
33% more expensive in Malta
Coffee
2
3
50% more expensive in Malta
Transport Comparison
Item
Cyprus (USD)
Malta (USD)
Difference
Monthly Transit Pass
40
60
50% more expensive in Malta
Taxi (per km)
1
1.5
50% more expensive in Malta
Fuel (per liter)
1.2
1.5
25% more expensive in Malta
Utilities & Internet Comparison
Item
Cyprus (USD)
Malta (USD)
Difference
Utilities (85 sqm apt)
100
150
50% more expensive in Malta
Internet (60 Mbps)
30
40
33% more expensive in Malta
Mobile Plan
20
30
50% more expensive in Malta
Monthly Budget Comparison
Budget Tier
Cyprus (USD)
Malta (USD)
Savings
Budget
1,500
2,000
25% savings in Cyprus
Mid-Range
2,500
3,500
29% savings in Cyprus
Comfortable
4,000
5,500
27% savings in Cyprus
Where Each Country Wins
Cyprus is cheaper for:
Rent and accommodation
Food and dining
Transportation costs
Utilities and internet
Malta is cheaper for:
Certain types of consumer goods, such as electronics and clothing
Some tourist attractions and activities
Certain types of healthcare services
Education, with a more developed and reputable education system
Bottom Line
For expats, students, and retirees who are looking for a more affordable lifestyle, Cyprus is likely to be the better option. The country offers a lower cost of living, a warm climate, and a rich history and culture. However, for those who prioritize a more developed economy, a stronger focus on finance and gaming, and a more reputable education system, Malta may be the better choice. Ultimately, the decision between Cyprus and Malta will depend on individual preferences and priorities. It's worth noting that both countries have their own unique advantages and disadvantages, and it's essential to research and visit both countries before making a decision. Additionally, the cost of living can vary greatly depending on the specific location, lifestyle, and personal choices, so it's essential to consider these factors when making a decision.