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Gozo, Malta- FAQs
Gozo, Malta, has long been a retirement destination for Maltese seniors. These days, retirees from further afield are beginning to set up home here.
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Gozo, Malta
Gozo is an expat destination for all. With a low cost of living and a beautiful climate, it is no wonder it is a popular expat choice in Malta.
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Cost Of Living In Gozo, Malta
Gozo is an expat destination for all. With a low cost of living and a beautiful climate, it is a popular expat choice in Malta.
Nowadays, Malta is a modern, First World, European nation with a long-standing, stable democracy in place.
Malta is a member of the EU, the single biggest economic bloc on the planet, and the currency used is the euro.
Reviewed By Lief Simon
Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
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Getting To Gozo, Malta
Although there are no direct flights from the United States to Malta. So, traveling between the two countries is relatively straightforward.
Fly to Europe with a transatlantic carrier, such as Lufthansa, British Airways, Virgin Atlantic, or U.S. Airways, then connect to the island.
The national airline, Air Malta, serves a number of major airports around the continent. But, you can also connect from multiple European cities to Malta with low-cost airlines Ryanair, Easyjet, or Wizzair.
| Expense | Monthly Cost | Notes |
|---|---|---|
| Mortgage | N/A | Not included here as too variable. |
| Property Taxes | N/A | Malta does not charge a regular, annual property tax. |
| Transportation (bus, taxi, etc.) | 70 | 10-euro monthly bus pass (Gozo only). 6 taxi rides of 5 kms each. |
| Utilities | 75 | Electricity, water, garbage collection. |
| Cell phone | 49.99 | Including unlimited gigabytes, minutes, and SMS and 100 international minutes and SMS. |
| Internet and Cable | 30.50 | |
| Cable TV | 34.99 | Three three-hour maid visits a week. |
| Household help | 234 | Three three-hour maid visits a week. |
| Entertainment (costs for a couple). | 273.40 | Eating out twice a week: 200 (4 high-end meals (35 euros), 4 low-end meals (15 euros)) Drinks twice a week: 49.4 (6 cocktails (5.4 euros), 5 beers (1.60 euros), 5 wines (1.80 euros))Movie theater trip twice a month: 24. |
| Groceries | 200 | Basic items for a couple, with shopping trips four times a month. |
| Gym membership | 27.50 | Monthly fee at a basic gym. |
| Medical appointment | 20 | |
| Total | 1,015.38 |
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Apartment or House Rental Budget (for a couple) In Gozo
Penny-Pincher’s Budget (for a couple, bare minimum costs for all)
| Expense | Monthly Cost | Notes |
|---|---|---|
| Rent | 730 | Three-bedroom apartment in city center. |
| Transportation (bus, taxi, etc.) | 70 | 10-euro monthly bus pass (Gozo only). 6 taxi rides of 5 kms each. |
| Utilities | 75 | Electricity, water, garbage collection. |
| Cell phone | 49.99 | Including unlimited gigabytes, minutes, and SMS and 100 international minutes and SMS. |
| Water | 100,000 | |
| Cell phone | 150,000 | Monthly package. |
| Internet and Cable TV | 65.49 | |
| Household help | 234 | Three three-hour maid visits a week. |
| Entertainment (costs for a couple). | 273.40 | Eating out twice a week: 200 (4 high-end meals (35 euros), 4 low-end meals (15 euros)) Drinks twice a week: 49.4 (6 cocktails (5.4 euros), 5 beers (1.60 euros), 5 wines (1.80 euros)) Movie theater trip twice a month: 24. |
| Groceries | 200 | Basic items for a couple, with shopping trips four times a month. |
| Gym Membership | 27.50 | Monthly fee at a basic gym. |
| Medical appointment | 20 | Basic clinic/GP visit (without insurance). |
| Total | 16,959,000 |
| Expense | Monthly Cost | Notes |
|---|---|---|
| Rent | 360 | One-bedroom outside of the city center. |
| Transportation (bus, taxi, etc.) | 10 | 10-euro monthly bus pass (Gozo only. |
| Utilities | 75 | Electricity, water, garbage collection. |
| Cell phone | 49.99 | Including unlimited gigabytes, minutes, and SMS and 100 international minutes and SMS. |
| Garbage collection | N/A | |
| Internet | 30.50 | |
| Cable TV | 34.99 | |
| Household help | 0 | No household help. |
| Entertainment (costs for a couple). | 159.20 | Eating out twice a week: 120 (8 low-end meals (15 euros)) Drinks twice a week: 27.2 (beer and wine only) Movie theater trip once a month: 12 |
| Groceries | 150 | Basic items for a couple, with shopping trips at discount stores four times a month. |
| Gym Membership | 0 | No gym membership. |
| Medical Appointment | 0 | Medical expenses not included. |
| Total | 869.68 |
Reviewed By Lief Simon
Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
Start Your New Overseas Life Today
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024
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