Valletta is the capital city of Malta. The Valletta peninsula has two natural harbours, Marsamxett and the Grand Harbour. The Grand Harbour is Malta's major port. Malta is in the Mediterranean Sea, south of Sicily (Italy). The climate is mediterranean with mild, rainy winters and hot, dry summers. The official languages are Maltese and English. Italian is also widely spoken. The main religion is Christianity. The economy of Malta's strengths are its limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics), tourism and financial services. The Maltese have a reputation for friendliness and a pleasant disposition. Expatriate business dress is generally formal and conservative. During summer lightweight trousers and short-sleeved shirts take the place of business suits. The security risk for expatriates in Malta is low. Risks include incidental crime, political protests, airport strikes and water shortages. The currency of Malta is the Euro (EUR). Banking is on a par with that of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Valletta is 393,300 (Metro) (2019 est.), while the inflation rate (CPI) is 1.9% for Malta as at August 2019. Xpatulator Hypothetical Tax for Malta is based on the current personal income tax rates which are progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Valletta, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Valletta as at 1 October 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Valletta is for example 0.6% more expensive than Houston TX for groceries, 4.2% more expensive for household costs than Kuala Lumpur, and 142.3% more expensive for transport costs than Dubai. The hardship premium for Valletta for an expat from Perth, is for example 10%, i.e. host location (Valletta) premium of 20% minus home (Perth) location premium of 10%. Valletta is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Valletta? Register subscribe to your home location and Valletta and run your personalised reports.