Malta is considered moderately expensive, sitting in the mid-range for European travel costs. The daily budget for a visitor usually ranges from about €70 to €120 per person, depending on travel style and choices, with options for budget travelers starting around €40 per day and luxury travelers spending €260 or more daily. Accommodation prices vary widely, from budget hostels around €20-40 per night to luxury hotels exceeding €150 per night. Food, transportation, and activities also have tiered price options, with local eateries and public transport providing more affordable options, and fine dining, taxis, and private tours pushing costs higher. Malta is more expensive during peak summer months and in popular tourist hubs like Valletta, St. Julian’s, and Sliema. Living costs for residents reflect moderately high prices, especially for imported goods like fruits and vegetables.

In short, Malta is not very cheap but is not among the most expensive European destinations either; it offers a range of prices to suit different budgets.