Cost of living in Cospicua (Bormla)
Cospicua, also known as Bormla, is one of the historic Three Cities in Malta, offering a unique blend of cultural heritage and modern living. Understanding the cost of living in Cospicua is crucial for both residents and newcomers to plan their finances effectively.
This guide provides a detailed breakdown of various expenses in Cospicua, including dining, groceries, transportation, housing, and utilities, helping you make informed decisions about living in this charming city.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15.80 on average, with a range between $10.54 and $31.61.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $84.29, with prices ranging from $63.22 to $158.05.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.54, with a range between $9.48 and $11.59.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.16 to $5.27, imported beer $2.63 to $5.27, cappuccino $1.58 to $4.21, and Coke/Pepsi $2.11 to $3.69.
Grocery Prices
- Milk - Milk is priced between $0.99 and $1.79 per liter, averaging $1.28.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.66 and $2.11, with an average price of $1.25.
- Eggs (Dozen) - A dozen eggs range from $2.28 to $5.06, averaging $3.91.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.11 to $4.21 per kg, while oranges range from $2.11 to $10.54 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.84 and $4.21 per kg, and lettuce costs $1.05 to $2.63 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.75 and $5, with a monthly pass priced between $88 and $150.
- Fuel (Gasoline) - Gasoline is priced between $1.41 and $1.42 per liter.
- Taxi Fares - Taxi fares start at $5.27, with a cost of $2.11 to $5.27 per km and $42.15 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $684.88.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $579.52.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1264.40.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $842.93.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $63.22 and $105.37, averaging $86.81.
- Internet - Internet services range from $26.34 to $52.68, with an average cost of $35.12.
Cost of Living Rankings
The cost of living indices for Malta are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Malta, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Cospicua offers a relatively affordable cost of living compared to other European cities, especially in terms of housing and dining.
While dining out can vary widely in price, grocery costs remain reasonable, making it easier to manage monthly expenses.
Transportation costs are moderate, with gasoline prices being stable, and public transport offering a cost-effective option for daily commuting.
Conclusion
Living in Cospicua (Bormla) provides a balance of affordability and quality of life, with reasonable costs in housing, dining, and transportation.
Whether you're planning to move or just visiting, understanding these costs can help you budget effectively and enjoy all that this historic city has to offer.