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Cost of living in Malta is 37.67% lower than in New York Our estimator (with default settings) estimate monthly expenses for a single person at 616.38$ (577.49â¬) and for four person family at 2,258.93$ (2,116.42â¬) (without rent).
1 And you get a lot more for your money here. 2  In popular Sliema and St. Julianâs, you can find a nice one-bedroom apartment for about 600 Euros. 3  In Gozo (the smaller sister island of Malta) and the smaller villages of Malta, you can find the same type of flat for possibly 400 Euros.