Malta, ID is a great place to live, as it offers an affordable cost of living. The median rent for a 2 bedroom apartment in Malta is $930 compared to $1,430 in the US. Grocery costs are also significantly lower in Malta with an index score of 90 compared to 100 in the US. Local businesses like Bob's Beds, Conella's Cafe, and Arturos Pizzeria provide quality goods and services at affordable prices. For example, a cup of coffee from Conella's Cafe is just $2 in Malta versus $3 in the US.
Malta has an unemployment rate of 3.1%. The US average is 6.0%.
Malta has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Malta
- The Sales Tax Rate for Malta is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Malta is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Malta
- The average income of a Malta resident is $16,482 a year. The US average is $28,555 a year.
- The Median household income of a Malta resident is $41,607 a year. The US average is $69,021 a year.