An interesting look at the margins between the average and minimum salary in Malta and its cost of living, ideal for travelers and expats
Looking for work in Malta? Check below the average and minimum salary in Valletta, the country’s sunny and vibrant capital.
Valletta Malta Photo By Berit Watkin
Analysing the cost of basic necessities and leisure could be useful if you’re planning to visit the island. However, if you’re thinking about relocating to Malta, perhaps you should read the average and minimum salary in Valletta to understand the economy in Malta in full detail.
MINIMUM SALARY IN VALLETTA, MALTA
Since Malta is a mere 316km2, just a dot on the globe, everything which will be mentioned in this post is relevant for whichever part of the country serves as your residence.
As of January of 2019, the minimum salary in Valletta, Malta is €761 per month (national minimum salary). Since the cost of living increased, so did the minimum wage (pro rata). As it shows on the Government website, Malta has showing a steady growth in minimum wages, which are officially paid by week in the country.
Furthermore, the above figures are for those who are aged 18 and over. The minimum wage for those aged 17 is €698.66 a month, whilst those under 17 cash in €686.36 a month.
The pay for part time workers would be at the same hourly rate as full timers.
AVERAGE SALARY IN VALLETTA, MALTA
As of January 2019, the average salary in Valletta, and in the whole of Malta is of approximately €1100 euros per month. These figures reflect the average net income.
This is not too bad when you consider the general cost of living. When compared to a country such as the United Kingdom, for example, Malta could easily be considered as “cheap”. However, needless to say, the pay is a lot less than that of the UK.
A 3-bed apartment, on average can cost up to €1,036.02 to rent. A one-way bus ticket costs €1.50 whilst a 3 course meal for two at a nice restaurant would range between €50-€70. Many Maltese youngsters live with their parents until they are older and ready to settle down, and this has proven to help greatly with saving up to buy property. Moreover, many are the foreigners who are choosing Malta as a living destination, and earning an average wage can have one avoid living paycheck to paycheck.
MALTA’S ECONOMIC OUTLOOK
The World Bank considers Malta of high Income whilst the International Monetary Fund acknowledges Malta as advanced in the economy group.
As the years go on and Malta’s economy continues its steady growth (including various EU funding for numerous projects), companies continue to invest and relocate their flagships to the small island. The cheaper wages are attractive, and the high standard in the education system, which provides skilled workers, is another appealing quality companies look for. This in turn provides even further work opportunities.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
TransferWise: A great way to send money abroad paying lower fees.
Booking.com:Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.