Over the last decade, the cost of living in Malta has risen. It is a developing country that, to the best of its ability, provides a high standard of living. The growing interest in Malta among recent graduates and new job practitioners has contributed to the rising cost of living. Some cities have very low cost of living, whereas others require a large paycheck to live in.
Renting in Malta is more expensive than in most other countries with similar economies. A house in the city center can be rented for an average of US $1073.83 (€ 900). The cost of rent varies depending on the location and size of the housing facility. It also depends on the amenities available in and around the housing facility. Every city in Malta is known for its distinct strength. The location influences job opportunities, lifestyle, quality of life, and, most importantly, the cost of living. Many prospective residents are considering relocating to Malta.
Tier 1 cities include metropolitan areas such as Città Pinto, Città Hompesch, and others.
Tier 2 cities include upcoming centers such as Città Beland, Città Ferdinand, and others.
Tier 3 cities include Città Vittoriosa, Città Cospicua, and others with significant growth potential.