Cost of Living in Malta

Cost of Living in Malta

A small island nation just south of Sicily, Malta is an archipelago, meaning it is made up of many small islands. The country’s three largest islands are inhabited with a people known for their diverse culture and warm hospitality. With unique sites and scenery, the small islands are packed with adventures, excursions, and opportunities for visitors – from travelers to students – to explore.

The country is home to a rich history, with ancient temples and structures speaking to the depth of the country’s former inhabitants, many of the traditions of whom still ring through to this day.

Malta, like most of Europe, uses the Euro, one of the strongest currencies in the world. It compares to the US Dollar at a ratio of approximately 1:1.2, which means that Malta one of the more expensive countries to live in. However, for many students who choose to remain in Malta after they graduate, this translates to higher wages and salary.

So, what exactly should students in the country expect to spend? On average, here is what you should plan for:

One Year of Study in Malta:

Malta, despite its close ties with the more expensive UK, has incredibly affordable tuition for international students, based on a variety of factors. Because it is a member of the EU, locals and students from within the Union have a more discounted offering than those from outside those borders.

However, even for international students outside the EU, the overall cost of annual tuition is only approximately 1080 EUR.

Overall Cost of Living in Malta

Like its tuition fees, the cost of living in Malta is relatively low, especially when compared to the high quality of life students in the country are offered on a daily basis. The smallest country in the European Union, Malta provides its stunning beaches, world-class education, and rich culture of a relatively low fee.

Overall, rent tends to be approximately 550EUR each month, which is a low price in a tropical paradise. Meals and drinks, social excursions, and cultural adventures also come at a lower price tag than many other Mediterranean destinations, which makes the country and ideal one in which to study.

Malta is ranked 30th in a list of the world’s most expensive countries, and its major cities of Sliema and Malta fall at numbers 187 and 275, respectively. Students in urban and suburban settings, alike, will experience a high quality of life for a low cost of living.

For a quick list of what to expect when living Malta, see the chart below: