🇬🇮 Cost of Living: Gibraltar vs Malta — Price Comparison
Last updated: February 2026
Verified Facts
Official NameGibraltar
CapitalGibraltar
Population38,000
Area6.0 km²
LanguagesEnglish
CurrencyGibraltar pound (£)
TimezoneUTC+01:00
RegionEurope / Southern Europe
Drives onRight
Source: REST Countries API
Gibraltar is generally more expensive than Malta, with an average difference of 15-20% in overall living costs.
Quick Facts
Gibraltar GDP per Capita (PPP)61,941
Malta GDP per Capita (PPP)43,086
Gibraltar Inflation Rate2.5%
Malta Inflation Rate1.5%
Overall Winner (Cheaper)Malta
Overview: Gibraltar vs Malta
Gibraltar and Malta are two popular destinations in Europe, known for their rich history, culture, and stunning landscapes. However, when it comes to the cost of living, there are significant differences between the two territories. Gibraltar, a British Overseas Territory, has a higher cost of living compared to Malta, a small island nation in the Mediterranean. The main reason for this difference is the limited land area and high demand for housing in Gibraltar, which drives up the prices of real estate and rentals. Additionally, Gibraltar's economy is heavily reliant on financial services, tourism, and online gaming, which contributes to its high standard of living and corresponding costs.
The economic context of both territories also plays a role in their cost of living. Malta has a more diversified economy, with a strong focus on manufacturing, tourism, and financial services, which helps to keep costs lower. In contrast, Gibraltar's economy is more specialized, which can lead to higher prices for certain goods and services. Overall, Malta is generally 15-20% cheaper than Gibraltar, making it a more attractive option for expats, students, and retirees looking for a affordable lifestyle in Europe.
Rent & Housing Comparison
Item
Gibraltar (USD)
Malta (USD)
Difference
1BR Apartment (City Center)
1,200
900
25% more expensive
1BR Apartment (Outside)
900
600
33% more expensive
3BR Apartment (City Center)
2,500
1,800
28% more expensive
Food & Dining Comparison
Item
Gibraltar (USD)
Malta (USD)
Difference
Meal at Restaurant
18
15
17% more expensive
Groceries (monthly)
500
400
20% more expensive
Beer (500ml)
5
4
20% more expensive
Coffee
3
2.50
17% more expensive
Transport Comparison
Item
Gibraltar (USD)
Malta (USD)
Difference
Monthly Transit Pass
60
40
33% more expensive
Taxi (per km)
2.50
2
20% more expensive
Fuel (per liter)
1.50
1.30
13% more expensive
Utilities & Internet Comparison
Item
Gibraltar (USD)
Malta (USD)
Difference
Utilities (85 sqm apt)
150
120
20% more expensive
Internet (60 Mbps)
40
30
25% more expensive
Mobile Plan
30
25
17% more expensive
Monthly Budget Comparison
Budget Tier
Gibraltar (USD)
Malta (USD)
Savings
Budget
2,000
1,600
20%
Mid-Range
3,000
2,400
20%
Comfortable
4,500
3,600
22%
Where Each Country Wins
Gibraltar is cheaper for:
Some luxury goods, due to its tax-free status
Certain financial services, such as banking and online gaming
High-end dining and entertainment options
Malta is cheaper for:
Rent and housing, with a wider range of affordable options
Food and groceries, with a variety of local markets and supermarkets
Transportation, with a well-developed public transport system
Utilities and internet, with more competitive pricing
Bottom Line
When it comes to choosing between Gibraltar and Malta, the decision ultimately depends on your lifestyle and priorities. If you're looking for a more affordable option with a lower cost of living, Malta is the clear winner. However, if you're willing to pay a premium for a unique and exclusive lifestyle, Gibraltar may be the better choice. Expats and retirees may find Malta's lower costs and more relaxed pace of life appealing, while students and young professionals may prefer Gibraltar's vibrant and cosmopolitan atmosphere. Ultimately, both territories offer a high standard of living and a unique cultural experience, making them both attractive options for those looking to live and work in Europe.