Housing costs in Malta?
A typical home costs
$373,100, which is 10.4% more expensive than the national average of
$338,100 and 9.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Malta costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 31.5% cheaper than the state average of
$1,960.
Can I afford Malta?
To live comfortably in Malta, New York, a minimum annual income of
$71,640 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Malta?
The cost of living in Malta, NY is relatively affordable compared to other cities. The median home price in the area is $274,200, which is lower than the national average of $313,500. Rent prices for a one-bedroom apartment range from about $1,000 to $1,500 per month. Groceries are slightly more expensive than the national average and transportation costs are also higher than average due to a limited public transit system. However, overall the cost of living in Malta is still considered affordable for most people.