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Nestled in the Mediterranean, Malta is an island destination celebrated for its rich cultural fusion. From its delicious delights like pastizzi to the vibrant street life, there’s a lot that one can experience here. However, Malta’s specialities extend beyond its cultural appeal. The island is also an excellent educational hub for students who want to study away from the hustle and bustle of the world. Let’s look at the facets of this beautiful island on the coast of Italy while answering the practical question – how much does it cost to live in Malta in 2024? So let’s dive in!
This Blog Includes:
The Crucial Question – Why Study in Malta?
When it comes to studying abroad, Malta might not make it to the list of top internal destinations of many. However, there are so many advantages that studying in this hidden gem can offer. Let’s look at them below.
Tax benefits
Did you know that you can be exempted from paying tax if you’ve done your studies in Malta? Yes, in 2018, the Maltese government announced tax exemption for a year for postgraduate students entering the workforce whereas two years tax exemption for those with PhD. The new rules now also apply to graduates with a 50% tax exemption.
Recognized universities
Malta boasts an impressive array of universities and courses catering to the varied interests and preferences of international students. The University of Malta, one of the best universities in the nation sits at #851 in the QS World University Rankings 2024. Thus, it’s evident that the country offers world-class education preparing students for a successful future.
Post-study work visa
Students who have completed a full-time course in Malta are eligible to apply for a post-study work visa. The validity of the visa is one year and can be renewed subsequently.
Safe study destination
Malta due to its low crime rates and effective law enforcement makes for one of the safest places in the world. The warm and welcoming atmosphere allows students to focus on their studies and enjoy all that this small island has to offer without having to worry about their safety.
Cost of Living in Malta – Expenditure across categories
The cost of living in Malta can vary across individual choices and preferences. However, we’ve listed down the average monthly cost of living in Malta divided by categories. Let’s go over each of them below.
| Cost of living for a single person inclusive of tax | 1717€ |
| The cost of a meal for a single person at a decently-priced restaurant | 15.00 € |
| Cost of one-way local transport ticket | 2.00 € |
| Basic utilities Basic (Electricity, Heating, Cooling, Water, Garbage) | 94.61 € |
| Monthly rent of a one-bedroom apartment | 930.21 € |
Transportation
Following are the costs that you’ll have to bear if you plan to travel around Malta.
| One-way ticket in a local transport | 2.00 € |
| Monthly pass of a local transport | 26.00 € |
| Taxi fare for 1 km | 2.00 € |
| Gasoline (1 liter) | 1.34 € |
Meal costs
The table below will help you budget your meals in Malta.
| Meal cost at an inexpensive restaurant | 15.00 € |
| Meal for two at a mid-range restaurant | 70.00 € |
| McMeal at McDonalds (or equivalent combo meal) | 9.00 € |
Groceries
Daily essentials will cost you the following in Malta.
| 1-liter milk | 1.05 € |
| Loaf of bread (500 gms) | 1.13 € |
| 1 kg rice | 2.71 € |
| Fruits (kg) | 2.39 € |
Accommodation costs
The table below highlights the prices for a comfortable stay in Malta.
| 1 bedroom apartment in City Centre | 930.21 € |
| 1 bedroom apartment outside of Centre | 778.90 € |
| 3 bedrooms apartment in the City Centre | 1,624.16 € |
| 3 bedrooms apartment outside the Centre | 1,232.93 € |
Average Tuition Fees in Malta
The tuition fee in Malta can vary depending on the university and course you choose. However, on average tuition fees can range from 2,000 to 9000 €. Also, note that there are various scholarships available for students who want to study in Malta. Malta Arts Scholarships,
Reach High Post-Doctoral Grants and The University of Malta Master by Research and PhD Programs Scholarships are some of the examples.
Things to Know Before Moving to Malta
Here are some of the things that you can keep in mind before moving to Malta:
Relaxed and Easygoing Lifestyle
Maltese are very relaxed and friendly. They would go out of their way to help you if you need it. There is a strong sense of community and the crime rates here are the lowest.
Scrumptious Food
For Maltese food is the top priority. Some of the renowned dishes that you can enjoy in Malta are wild thyme honey, strawberries, bean puree, and more.
Free Healthcare
Malta offers free healthcare not just to its citizens but also registered working residents. Therefore, once you have your Social Security Number and your residence card you can get healthcare services for free.
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FAQs
Ans. Malta is a small island country located in the Mediterranean Sea, south of Italy and east of Tunisia.
Ans. The best time to travel to Malta is during the spring (April to June) and fall (September to October) when the weather is pleasant and the place is not crowded.
Ans. Malta is an English-speaking country that offers high-quality education. The country also offers exciting career opportunities and tax benefits.
So, this was all about the cost of living in Malta. 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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