Verified Facts

Official NameRepublic of Malta
CapitalValletta
Population574,250
Area316.0 km²
LanguagesEnglish, Maltese
Currencyeuro (€)
TimezoneUTC+01:00
RegionEurope / Southern Europe
Drives onLeft
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$71,018 (2024)
Inflation Rate1.6% (2024)
Health Spend per Capita$3,623 (2023)
Out-of-Pocket Health Spend30.9% (2023)
Education Spend (% GDP)4.7% (2022)
Source: World Bank Open Data

Sicily is generally cheaper than Malta, with an overall cost of living difference of around 15-20% in favor of Sicily.

Quick Facts

Malta GDP per Capita (PPP)34,544
Sicily GDP per Capita (PPP)23,361
Malta Inflation Rate1.4%
Sicily Inflation Rate1.2%
Overall Winner (Cheaper)Sicily

Overview: Malta vs Sicily

Malta and Sicily are two popular destinations in the Mediterranean, known for their rich history, stunning landscapes, and unique cultural heritage. When it comes to the cost of living, Sicily is generally considered to be more affordable than Malta. The main reason for this difference is the lower cost of housing, food, and transportation in Sicily compared to Malta. Additionally, Sicily has a lower overall cost of living index, which takes into account the prices of everyday items such as groceries, utilities, and entertainment.

The economic context of the two regions also plays a role in the cost of living difference. Malta has a more developed economy, with a strong focus on finance, tourism, and technology, which drives up the cost of living. Sicily, on the other hand, has a more traditional economy, with a strong focus on agriculture, manufacturing, and tourism, which keeps costs lower. Overall, Sicily offers a more affordable lifestyle, with a lower cost of living that is around 15-20% cheaper than Malta.

Rent & Housing Comparison

ItemMalta (USD)Sicily (USD)Difference
1BR Apartment (City Center)80055031% cheaper
1BR Apartment (Outside)50035030% cheaper
3BR Apartment (City Center)1,20090025% cheaper

Food & Dining Comparison

ItemMalta (USD)Sicily (USD)Difference
Meal at Restaurant151033% cheaper
Groceries (monthly)50040020% cheaper
Beer (500ml)5340% cheaper
Coffee21.5025% cheaper

Transport Comparison

ItemMalta (USD)Sicily (USD)Difference
Monthly Transit Pass302033% cheaper
Taxi (per km)1.50133% cheaper
Fuel (per liter)1.201.108% cheaper

Utilities & Internet Comparison

ItemMalta (USD)Sicily (USD)Difference
Utilities (85 sqm apt)15012020% cheaper
Internet (60 Mbps)302517% cheaper
Mobile Plan201525% cheaper

Monthly Budget Comparison

Budget TierMalta (USD)Sicily (USD)Savings
Budget1,5001,20020%
Mid-Range2,5002,00020%
Comfortable4,0003,20020%

Where Each Country Wins

  • Malta is cheaper for:
  • High-end shopping and luxury goods
  • International cuisine and fine dining
  • High-speed internet and technology services
  • Sicily is cheaper for:
  • Housing and rent, especially outside of city centers
  • Traditional food and local produce
  • Transportation, including taxis and fuel

Bottom Line

For expats, students, and retirees, Sicily offers a more affordable lifestyle with a lower cost of living. The island's rich cultural heritage, stunning landscapes, and warm climate make it an attractive destination for those looking to experience the best of Italy without breaking the bank. However, for those who prioritize high-end amenities, luxury goods, and international cuisine, Malta may be a better fit. Ultimately, the choice between Malta and Sicily depends on individual priorities and lifestyle preferences. Both destinations offer a unique and rewarding experience, but Sicily's lower cost of living makes it a more attractive option for those on a budget.