🇲🇹 Cost of Living in Malta - Prices & Budget Guide
Last updated: February 2026
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
Quick Facts
Cost LevelModerate
Daily Budget (Backpacker)$60-100 USD
Daily Budget (Mid-Range)$100-200 USD
Daily Budget (Comfort)$200-350 USD
CurrencyEUR
Tipping Customnot expected, but 5-10% in restaurants and bars
How Expensive Is Malta?
Malta is a sovereign island nation located in the Mediterranean Sea, with a unique blend of European and North African influences. The cost of living in Malta is generally moderate, with prices comparable to those in other European countries. However, the cost of accommodation and food can be relatively high, especially in popular tourist areas. Compared to its neighbors, Malta is more expensive than Tunisia but less expensive than Italy. Overall, Malta offers a great balance of quality of life, culture, and affordability, making it an attractive destination for tourists and expats alike.
Malta's economy is driven by a mix of industries, including tourism, finance, and manufacturing, which contributes to its moderate cost of living. The country's small size and limited resources also mean that many goods are imported, which can drive up prices. However, the Maltese government has implemented various initiatives to control inflation and maintain a stable economy. As a result, Malta remains an attractive destination for visitors and residents who are looking for a high standard of living at a relatively affordable price.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$20-40
basic amenities, shared rooms
Mid-Range Hotel
$80-150
comfortable rooms, amenities like pool and gym
Luxury/Resort
$200-400
high-end amenities, stunning views, and excellent service
Apartment Rent (monthly)
$600-1,200
city center, 1-2 bedrooms, furnished
Apartment Rent (monthly)
$400-900
outside city center, 1-2 bedrooms, furnished
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$10-15
Casual Restaurant
$20-30
Mid-Range Restaurant (2 people)
$40-60
Fine Dining
$80-120
Beer (local)
$5-7
Coffee
$2-4
Water (1.5L bottle)
$2-3
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$1-2
Taxi (per km)
$2-3
Domestic flight
$100-200
Fuel (per liter)
$1.50-2.50
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
600
900
1,200
Food
300
500
800
Transport
100
200
300
Utilities
100
150
250
Entertainment
200
300
500
Total
1,300
2,050
3,050
Money-Saving Tips
Consider visiting Malta during the off-season (October to May) to avoid peak tourist prices.
Look for accommodation outside of the city center, where prices are generally lower.
Take advantage of Malta's efficient public transportation system, which is affordable and convenient.
Eat at local eateries and street food stalls, which offer delicious and affordable meals.
Avoid drinking tap water and instead opt for bottled water, which is relatively cheap.
Explore Malta's many free attractions, such as its beautiful beaches, historic sites, and vibrant markets.