Cost of Living in Malmo: A 2024 Guide on Expected Expenses

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The coastal city of Malmo in southern Sweden is a very attractive destination for expats and students and for very good reasons. The city boasts a good quality of life, a wide range of employment opportunities, and high standards of education. However, please ensure that you are aware of the cost of living in Malmo before you plan to move there. In this blog, we will give you a complete breakdown of the living expenses you can expect while staying in this beautiful city. 

Why Choose Malmo to Study Abroad

Before looking at the cost of living in Malmo, let’s understand why you should study here in the first place. So, here are some of the main reasons why you should study in this city: 

High-Quality Education

Like every other city in Sweden, Malmo boasts a high standard of education. Some of the top universities in the city are Malmö University – Niagara and World Maritime University. 

Excellent Culinary Scene

Malmo is a melting pot of cultures, with individuals from around the world living there. This results in a broad range of international restaurants where you can get a taste of any delicacy from Thailand to the Middle East.

Great Quality of Life

Malmo boasts a high quality of life and a vibrant cultural scene. The city has beautiful parks and green spaces, an excellent public transportation system, and a broad range of cultural events and festivals that happen throughout the year.

Also Read: Student Life in Sweden

Cost of Living in Malmo

The estimated monthly cost of a family of four in Malmo is 37,605.9kr without rent. On the other hand, the estimated monthly cost of a single individual is 10,270.2kr without rent in the city. Let’s understand the cost of living in Malmo in detail. 

Transportation

The transportation expenses in Malmo are listed in the table shown below: 

Price of a One-way Ticket for Local Transport 31.50 kr
Regular Price of Monthly Pass  624.00 kr
Cost of Taxi Start (Normal Tariff) 50.00 kr
Cost of Taxi 1 km (Normal Tariff) 27.00 kr
Cost of Taxi 1 hour Waiting (Normal Tariff) 600.00 kr

Grocery Expenses

The table below demonstrates the average grocery costs in the city:

Price of 1 litre Milk (regular) 18.19 kr
Price of 1 kg Rice (white) 35.56 kr
Price of Eggs (regular) (12) 45.18 kr
Cost of Loaf of Fresh White Bread (500g) 27.82 kr

Restaurant Costs

The table below lists the average restaurant costs you can expect to bear in Malmo:

Price of Meal at an Inexpensive Restaurant 120.00 kr
Price of Meal for 2 People, Mid-range Restaurant, Three-course 750.00 kr

Utility Costs

Here are the average utility costs in the city:

Basic Utility Cost (Heating, Electricity, Cooling, Water, and Garbage) for 85m2 Apartment 1,104.59 kr
Monthly Plan of Mobile Phone with Calls and 10GB+ Data 311.50 kr
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 364.00 kr

Housing Costs

This is what the housing costs look like in Malmo: 

Monthly Rent for 1 Bedroom Apartment in City Center (40 m2 or 430 ft2) 9,733.17 kr
Monthly Rent for a Cheap 1 Bedroom Apartment (40 m2 or 430 ft2)  7,616.50 kr
Monthly Rent for a 3 Bedroom Apartment in City Center (80 m2 or 860 ft2) 13,933.22 kr
Monthly Rent for a Cheap 3 Bedroom Apartment (80 m2 or 860 ft2) 10,749.83 kr
Apartment Price to Buy in City Center (1 m2 or 10 ft2) 43,142.86 kr
House Price to Buy in Suburbs (1 m2 or 10 ft2) 27,680.56 kr

Average Tuition Fees in Malmo

Now that you have learned about the average cost of living in Malmo, let’s look at the tuition expenses at the universities of this city. 

Average Annual Tuition Fees for Undergraduate Courses 235,000 SEK to 425,000 SEK
Average Annual Tuition Fees for Postgraduate Courses 80,000 SEK to 450,000 SEK
Average Annual Tuition Fees for PhD Courses No Fees at State-Funded Universities

Also Read: MBA in Sweden for Indian Students

Things to Know When Moving to Malmo

Now that you are aware of the cost of living in Malmo, let’s look at some of the major things you need to know about the city before you move there. So, here are some of the things you should keep in mind before going to Malmo: 

Diverse City

The residents of Malmo reportedly hail from 150 countries around the world. So, it is truly a very diverse country with people coming from different cultural and ethnic backgrounds. 

Punctuality 

Just like in every other Swedish city, people in Malmo value punctuality a lot. Being on time is respected at all times, whether someone is going for an interview or a friendly fika. 

Amazing Parks

Malmo boasts a wealth of green spaces where you can refill your lungs and relax. The most prominent park in the city is King’s Park, which is known as Kungsparken in Swedish.

Stunning Beaches

Malmo has various beautiful beaches where you can go and relax as you leave behind all your worries. One of the best beaches in the city is Ribersborg Beach, locally called “Ribban”. It is a long, beautiful beach with a recreational area and a large green space connected to it.

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FAQs

Q1. Is it expensive to live in Malmo Sweden?

Ans: Yes, the cost of living in Malmo is high, but the high salary offered in the city easily compensates for it. 

Q2. Is Malmo good place to live?

Ans: Yes, Malmo has a high standard of lying and a vibrant cultural scene. 

Q3. Do people speak English in Malmö?

Ans: Yes, many residents in Malmo speak English. However, the primary language spoken here is Swedish. 

So, this was all about the cost of living in Malmo. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad

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