If you’re dreaming of living by the Mediterranean without overspending, Malta is quickly emerging as one of Europe’s most affordable and attractive island destinations for expats, retirees, and digital nomads. According to a recent report from International Living, it’s entirely possible to enjoy life in Malta for less than $36,000 per year.
International Living highlights that while many people expect Mediterranean island life to be costly, Malta offers a unique blend of history, safety, and affordability—often overlooked by those searching for a European base. English is widely spoken, and the island’s year-round mild climate, beautiful scenery, and vibrant expat community make it a top contender for those seeking a fresh start abroad.
The report recommends several lesser-known towns for affordable living, including Mellieħa, Marsaxlokk, and the island of Gozo. In Mellieħa, residents enjoy less crowded beaches and can rent a two-bedroom, two-bath apartment for just $950–$1,000 per month. Buyers will find property prices in the $250,000–$300,000 range, though sea-view options come at a premium. Marsaxlokk, a charming fishing village with only 4,000 full-time residents, offers similar rental prices, while homes there start at just over $300,000.
Gozo, Malta’s northernmost island, is a bit more energetic, thanks to its 41,000 residents and lively local culture. Here, two-bedroom apartments are available for around $900 per month, and houses typically sell for approximately $309,000. These price points mean that singles or couples can enjoy the Mediterranean lifestyle on a surprisingly reasonable budget.
While groceries may be more expensive due to shipping costs, and healthcare options are limited to one public hospital, daily expenses remain manageable. According to contributor Kathleen Evans, it’s still possible to live well in Malta on $3,000 per month or less, especially by staying outside the busiest and most touristy areas.
For those considering permanent residency, Malta’s MPRP program allows buyers of property worth at least €300,000 (about $309,000) to qualify. If you’re not ready to commit, the country’s Digital Nomad Visa lets non-residents stay for up to one year, renewable three times—making it ideal for anyone wanting to “try before they buy.”
Malta’s combination of affordability, safety, warm weather, and cultural richness explains why it’s fast becoming one of Europe’s best-kept secrets for expats, retirees, and digital nomads looking to make their home in the Mediterranean.
