Din guide til budgetlægning i hverdagen på Malta

Thinking of moving to Malta or simply trying to get a better handle on your monthly expenses?

Whether you’re a new expat, a digital nomad, or a local planning your finances, understanding the cost of living is key to making smart budgeting decisions.

And since we know well what to expect from life in Malta (and Gozo), in this guide, we’ll break down the everyday expenses you’re expected to have, including rent, groceries, transportation, and more.

Monthly Budget Basics: What to Expect

While Gozo offers more affordable living, some imported goods may be pricier due to limited availability.

Housing: Renting in Malta vs Gozo

When budgeting for housing, rent will likely be your biggest expense. Here’s a quick comparison between Malta’s urban areas and Gozo:

Malta (e.g., Sliema, Valletta, St. Julian’s):

1. 1-bedroom apartment in the city centre: €1,000–€1,400/month
2. 3-bedroom apartment in the city centre: €1,400–€1,800/month
3. 1-bedroom apartment outside the city centre: €800–€1,100/month
4. 3-bedroom apartment outside the city centre: €1,200–€1,600/month

Renting in Malta’s bustling urban areas, especially close to the sea, can be expensive. However, more affordable options are available on the outskirts of major towns.

Gozo:

1. 1-bedroom apartment in the city centre: €640/month
2. 3-bedroom apartment in the city centre: €1,060/month
3. 1-bedroom apartment outside the city centre: €500/month
4. 3-bedroom apartment outside the city centre: €800–€1,200/month

Gozo offers much lower rent, particularly in smaller villages, making it an appealing choice for those looking to save on housing costs.

Utilities and Internet

In both Malta and Gozo, utilities and internet are relatively affordable. On average, utilities (electricity, water, heating, cooling, and garbage) cost around €60–€100/month for a standard 85m² apartment. Internet prices for high-speed broadband typically range from €25 to €35 per month.

While utility costs are similar across both islands, Gozo can sometimes have higher energy bills due to the more rural nature of many homes. However, these costs are still generally lower compared to major urban centres like Sliema or St. Julian’s in Malta.

Food & Groceries

Groceries in Malta and Gozo tend to follow similar pricing patterns, with some regional variations. On average, a single person can expect to spend about €250–€350 on groceries per month, depending on diet and shopping habits. For families, the cost typically ranges from €600–€800 per month.

Dining out in Malta is slightly more expensive than in Gozo. A meal at an inexpensive restaurant will typically cost between €15-€20 per person in Malta. In Gozo, you might find meals costing €12–€15.

To keep food costs down, many people opt for local markets and buy fresh produce in season. Gozo offers some excellent local food markets that are often cheaper than the more commercial supermarkets in Malta.

Transport: Getting Around Without Overspending

Public transport is affordable and widely used in Malta, with buses connecting most towns and villages. A monthly bus pass koster omkring €26og single tickets range from €1.50 to €2.00 depending on the distance.

If you plan to drive, fuel costs in Malta are typically around €1.40 per litre, and parking in urban areas can be expensive. However, Gozo offers more affordable parking and less congestion.

Den Gozo ferry is an essential part of life on the island, with a return ticket costing around €4.65 per person. Residents of Gozo benefit from reduced fares, making regular travel between the islands more affordable.

Healthcare, Childcare, and Other Essentials

Healthcare in Malta is well-regarded and largely accessible. Expats and locals alike can benefit from the public health system, but many opt for private health insurance for quicker access to specialist care. Basic health insurance typically costs between €50–€100 per month.

Childcare in Malta and Gozo is available through both public and private providers. While private daycare fees typically range from €250–€500 per month, there is a government-funded scheme that offers free childcare to working parents. If both parents (or the single parent in the case of single-parent households) are employed or in education, they may be eligible to apply.

Entertainment, Leisure, and Hidden Costs

Leisure activities in Malta and Gozo can be enjoyed on a budget, with many free or low-cost options such as beaches, hiking, and festivals. However, dining out, cinema tickets, and other entertainment can add up.

• Cinema tickets: €10–€12 each
• Gym memberships: €25–€40 per month
• Night out at a bar: Around €5–€8 for a drink

In both regions, it’s easy to find activities that cater to a range of budgets, from exploring the stunning coastline to visiting historical sites.

Sample Monthly Budgets

Here’s a look at what you might expect to spend monthly, depending on your situation:

• Single person in Malta: €1,700–€2,000 (including rent)
• Family of four in Malta: €4,300–€4,500 (including rent)
• Single person in Gozo: €1,300–€1,500 (including rent)
• Family of four in Gozo: €3,000–€3,500 (including rent)

Final Budgeting Tips

• Location matters: Choosing a more affordable area can significantly lower your rent and living costs.
• Public transport is your friend: Save on transport by using buses and ferries, which are reasonably priced.
• Keep an eye on grocery deals: Shop at local markets and buy in-season produce for savings.
• Entertainment on a budget: Take advantage of Malta and Gozo’s many free outdoor activities, from hiking to beach days.

By budgeting wisely and understanding the cost differences between Malta and Gozo, you can live comfortably while enjoying all that this beautiful part of the Mediterranean has to offer.

Ready to Plan Your Move?

Malta and Gozo each offer a unique way of life. Whether you’re drawn to Malta’s lively urban centres or prefer Gozo’s slower, more peaceful rhythm, understanding the cost of living will help you plan with confidence. With the right budget in place, you can settle in comfortably and enjoy everything these islands have to offer without unwelcome financial surprises.

If you’re relocating, retiring, or working remotely, smart financial planning is your first step to a smoother transition.

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