A complete Guide to Understand Average Wages in Malta

Updated at May 29, 2024 | by Admin

The average gross monthly salary in Malta lies somewhere around €2,000 to €2,500. Apart from the basic salary, government of Malta offers different kinds of bonuses to help people maintain a good standard of living. Obviously, you will get paid depending upon your skills and experience. But you must know about average wages in Malta before moving forward.

Average Wages in Malta

  1. Average Wage in Malta
  2. How much Salary is Enough to Live in Malta
  3. What is a good salary in Malta
  4. Average Annual Salary Increment Percentage in Malta
  5. Historical Data
  6. Salary Comparison by Experience
  7. Salary Comparison by Education
  8. Salary Comparison By Gender
  9. Conclusion

Weekly & Yearly Average Wages in Malta

The average weekly gross salary in Malta is around €500 to €650, and average yearly gross salary is around €24,000 to €30,000. Salaries may change according to the professions and industrial activities of the enterprises. These are gross figures but you can calculate your net salary using our simple Malta net salary and income tax calculator.

Good, average and low salaries in Malta

How much Salary is Enough to Live in Malta

If you are moving to Malta alone, €2,300 per month would be enough to live a comfortable life. It is for an average person but it can be more or less in your case depending upon your lifestyle. If you spend your money carefully its more than enough.

But if you buy stuff uncontrollably, it can make you uncomfortable in the end of the month. Your rent can be the biggest expense in Malta. You can also control it by choosing your residence wisely. If you choose a separate apartment, it will definitely cost more. But if you decide to go for co-living which most of the expats do prefer, you can safe much more.

What is a good salary in Malta?

€4,000 net per month is considered as a good salary in Malta. Having said all that, it also depends on your personal preferences and your lifestyle. Another important factor can be whether you are living alone or with your family.

Average Annual Salary Increment Percentage in Malta

In Malta, wages increase every year but there is no specific increment rate. Here we have minimum wage in Malta for the last 10 years. If we see the average wage increase for the last 10 years its 4.848%.

But its important to note that wages has increased way more than ever in last two years. In 2023 wages increased 5.269% and in 2024 wages incremented 10.243%. Now you can expect some good increment in 2025 as well.

Historical Data

Salary increase history in Malta

Salary Comparison by Experience in Malta

Your experience puts a huge impact on your salary in Malta.

  • If you have two to five years of experience in your field, you can earn 32% more than freshers.
  • If you have more than five years of experience, you can earn 36% more than those who have less experience than you.
  • Employees who have worked for 10 years, get a salary increase of 21%.
  • Those who have worked for over 15 years, get their salaries incremented by 14%.

Salary Comparison by Education

Higher education is definitely appreciated in Malta and it increases your chances to get paid more.

  • Employees with only a high school degree, are likely to be paid a least amount of salary in Malta.
  • Employees with additional certificates or diplomas in their field, can earn around 17% more than just a high school degree holders.
  • Bachelor's degree holders can earn 24% more than diploma holders.
  • Master's Degree holders can earn 29% more than Bachelor's degree holders.
  • A PhD can earn 23% more than Master's Degree holders.

Salary Comparison By Gender

There is a difference between the salaries of male and female workers in Malta. Male workers are paid around 5% more than female workers.

Conclusion

After going through all the information provided above, now must have an idea about average wages in Malta. Try to acquire more certificates and experience in you field. They will increase your chances to get paid more. Once you get a job, choose your residence wisely as it can be the biggest expense in Malta.

FAQs

Median salary in Malta is around €1,400 to €1,600 per month.

Malta is comparatively cheaper than other European countries like Switzerland, Austria, Cyprus, Italy and Denmark. The biggest expense for foreigners in Malta is house rent. You can expect €500 to €1000 for renting a single bedroom apartment depending upon your preferred locality.

Most high paying professions in Malta include Lawyer, Accountant, Data Scientist, Software Developer, Doctors, IT & Cyber Security Expert. Whereas, Electricians, Plumbers and Drivers also make decent amounts.

Here's a simple formula to calculate average salary of a group of people:
Average Salary = Total Wages / Total Number of Employees