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Do you agree? Malta named among islands that are ‘so cheap you might not have to work’
Hmm... we wouldn’t quite put it that way...

GuideMeMalta

Well. There are few things that leave us gobsmacked but this might very well make the list. Forbes published an article just last week that lists 15 islands (based on a report by International Living) that are “so cheap you might not have to work” if you quit your job and just move there. Malta made that list but the question is, do you agree? Here’s what's being said...

“Remote work is one thing, but why not just quit that day job and move to an island that’s so cheap you don’t have to work and can spend your life on permanent vacation?” The information comes from a report by International Living that shows this lifestyle might very well be possible.

“International Living recently unveiled 15 cheap islands around the world where you can retire early and live on as little as $1,200 a month. ‘The idea of an island escape comes wrapped up with romance and adventure, but people usually put the idea in the category of fantasy—something only the very wealthy could pull off,’” International Living’s executive editor Jennifer Stevens shares.

According to Forbes, the report came up with the monthly expenses estimates for a couple, which means for a single person the amount would be “about a quarter to a third less.” Ha naraw...

Among the countries listed are beautiful places like Phu Quoc in Vietnam, Isla Colon in Panama, Koh Samui in Thailand, Crete in Greece, Cozumel in Mexico, Bali, Spain’s Mallorca, Ireland and of course, Malta.

“The tiny island nation of Malta measures just 122 square miles but as International Living points out, it has something for everyone—“from ancient walled cities and breathtaking coastal trails to countryside farmhouses and charming restaurants.”’

“The weather is warm year-round, and U.S. dollars go surprisingly far, with couples living comfortably on $2,600 per month, says International Living. And guess what? If you want to try it on for size, Malta has a new program that will pay you to visit.”

Well, erm, that’s something. $2600 is equivalent to about €2164 and for many middle and lower-class locals that’s a DREAM. Not to mention obviously Tax, National Insurance, rent (which is on the pricey side from what we’ve seen and let’s not even get into property prices), travel expenses entertainment and obviously living expenses. While yes, one could “live comfortably” with about €2164 a month, but unfortunately, for many, that isn’t the reality. And quitting your job and living comfortably on that amount? Hmmm.... we’re not too sure about that...

What do you think about the estimate?

4th May 2021



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