How expensive is to live in Malta? The cost of living in Malta is going up, and in this video you will get all the prices that you can find in 2 different supermarkets around Malta. With this video you can get the point of expenses in Malta that you will have monthly. Prices are going up as everywhere in the world, but Malta still has a slow increase in the cost of living compared to the rest of Europe. Is Malta cheap ? It is and its not, depends on what kind of expenses you have.