Cost of Living in Guam: Complete Guide in 2024

Cost of Living in Guam! If living in Guam is your dream, you’re in luck! Guam, a territory of the United States nestled in Micronesia amid numerous islands, is where you want to be. In this western stretch of the Pacific Ocean, Guam stands out as the largest island, offering the most.

The official language here is English, but you’ll hear the sweet tones of Chamorro. An Austronesian language, spoken by some indigenous Guamanians. Surprisingly, the population hovers just under 170,000 people, yet this island has all you need for a cozy life.

Living in Guam can be more expensive because almost everything is brought in from other places. That makes things like gas, food, and utilities cost more compared to the United States. For instance, gas prices in Guam are about a dollar or even higher than in the U.S. 

Also, food, especially fruits and vegetables, can be a lot pricier. But sometimes you can get better prices at local fruit and veggie stands.

Now that you’re acquainted with the basics of this beautiful island, let’s delve into the cost of living in Guam!

The monthly cost of living in Guam

If you’re thinking about making Guam your new home be prepared for a slightly higher cost of living compared to the United States. On average, you might be looking at around $1,333 per person or $4,540 per family of four per month on this stunning island. Take a peek at the table below for a breakdown of potential monthly expenses. 

Keep in mind, though, your needs may vary—some things might be essential, while others not so much.

So, your spending plan could be different from the norm. Here’s an overview of the average cost for one person living in Guam:

List of prices in Guam Current as of Jan 2024.

ExpenseMonthly Cost (USD)
Housing (Rent for 1BR Apt)$1,200
Groceries$400
Utilities (Electricity, Water, Gas)$150
Transportation (Public Transit, Gas)$200
Dining Out$300
Healthcare$100
Entertainment$100
Internet/Cable$80
Miscellaneous (Clothing, Personal Care)$150
Total$2,680

Why is Guam more expensive than the United States?

Guam more expensive

You’ll quickly notice that numerous living costs in Guam surpass those in other parts of the United States. And there’s a solid reason behind it. The majority of food and crucial products across different industries are imported. Because Guam being a small island with low production rates, relies heavily on external sources.

Once you set foot in Guam, it becomes evident that gas, utilities, and food come with a higher price tag. Than what you might be accustomed to in the United States

Notably, the electricity costs tend to escalate from year to year. And the disparity is quite noticeable when compared to other regions of the United States.

In America, your basic utilities, covering electricity, heating, cooling, garbage, and water, typically average around $166 per month. Contrastingly, in Guam, you’d be looking at a higher expense of $390 for the same facilities.

Grocery prices in Guam also tend to be higher, with a few exceptions. Surprisingly, items like beef, potatoes, onions, and beer are more budget-friendly in Guam. But everything else comes with a heftier price tag compared to the United States.

When it comes to transportation, the most noticeable difference is the cost of taxis, starting at $25 in Guam. A significant leap from the $3.25 starting fare in the United States

The silver lining is the more affordable one-way ticket in Guam. Priced at $2.00, compared to $2.23 in the USA.

Not every cost in Guam is higher, though. Childcare expenses can be nearly $1,000 per month in the USA, while in Guam, it’s a more budget-friendly $397

Similarly, an international primary school for one child might cost $15,417 in the USA but only $9,933 in Guam.

On a positive note, dining out appears to be more wallet-friendly in Guam. On average a meal at a restaurant on this island is about 3.89% cheaper than the same meal in the United States.

Investing in an apartment in Guam comes with a substantial advantage. The prices are nearly 65% lower compared to the United States. This notable difference holds true for apartments in both the downtown area and the suburbs.

Things to consider when you move to Guam

Things to consider when you move to Guam

When making the move to Guam, particularly if you’re coming from the United States, it’s crucial to be mindful of both the advantages and disadvantages. Being aware of these differences will help you adapt more seamlessly to your new life

Let’s highlight the most significant factors to consider when embarking on this life-changing journey.

Getting from Guam to the United States

When considering a move to Guam, one of the primary considerations is the perceived distance. Guam might seem closer to the United States than it truly is. This factor holds significance regardless of your origin when deciding to relocate. 

Once you make the move to this island, anticipate spending around $1,400. And an entire day’s worth of time if you wish to return to the United States to visit family and friends.

Moreover, being an island, Guam is geographically isolated, leading to a slightly different way of life. These unique differences can contribute to a higher likelihood of feeling homesick.

To stay connected with your family and friends, utilizing social media becomes a crucial option. Engaging in local events fosters connections, enhancing the welcoming atmosphere on this beautiful island.

Get involved in the community

Being an active member of the Guam community is crucial to significantly easing your transition to this new home. Locals here prefer to entrust certain services to friends, family members, or people they know rather than hiring strangers.

Therefore, it becomes vital to create connections and build your social network at a local level while living in Guam. The more people you know, the greater your access to specific services. You might even find reliable work if that’s something you’re interested in. 

Life moves at a slower pace

Life moves at a slower pace

Adapting to the slower pace of life in Guam is crucial for a positive experience. In more urban areas, the fast-paced lifestyle might be ingrained but in Guam. It’s essential to embrace the laid-back atmosphere.

The island’s traffic, as you mentioned, is a prime example of this difference. Instead of letting it frustrate you, view it as an opportunity to practice patience.

Planning ahead can also help mitigate the impact of the slower pace. Factor in extra time for commutes and appointments. You’ll find yourself less stressed when things don’t go as quickly as you’re used to. Flexibility and adaptability are key traits to develop in this new environment. 

By demonstrating patience, you not only ease your own transition but also build connections with locals who appreciate a friendly attitude.

Embracing these aspects will undoubtedly contribute to a more enjoyable and fulfilling stay in Guam.

Things to do in Guam

One certainty is that you’ll have plenty to keep life interesting in Guam. There’s something for everyone here, and you might fall in love with this island sooner than you think!

Spend plenty of free time at the beach

Spend plenty of free time at the beach

Guam is renowned for its secluded beaches, offering a plethora of options. While Tumon Bay stands out as the most popular beach, attracting numerous tourists, other  unfamiliar beaches provide a greater sense of privacy.

Explore nature in all its beauty at the Ritidian Point

Ritidian Point is the habitat of numerous wildlife species that you can appreciate in Guam. Located at the Guam National Wildlife Refuge, approximately 30 minutes from Tumon. This dense jungle greets visitors with fascinating varieties of butterflies, toads, lizards, bats, and extraordinary plant species.

If you’re eager to explore this natural haven, there are trails you can pursue, ensuring a journey you won’t forget.

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Check out the Chamorro Village Market

Being immersed in an ancient culture like Chamorro is best achieved through a visit to the Chamorro Village Market. Wednesday evenings stand out as the most vibrant time at this market, featuring captivating traditional events. Lively dance performances, and engaging activities suitable for children. 

Exploring the traditional cuisine is an absolute necessity when visiting Guam. This market welcomes visitors from Thursday to Tuesday, operating from 10 am to 10:30 pm. On Wednesdays from 10 am until midnight. Conveniently located just 20 minutes from Tumon in the western region, it is a must-visit destination.

Visit the Fisheye marine park

Visit the Fisheye marine park

If you find yourself enchanted by the mysteries of the underwater realm. The Fisheye marine park stands out as the ultimate destination to satiate your curiosity. Submerged beneath the ocean’s surface, the park offers a mesmerizing spectacle of marine life through 24 windows.

Embark on a brief cruise to witness dolphins gracefully navigating the sea, providing a unique opportunity to capture remarkable photographs.

Children are entranced by the allure of this underwater park, and it’s no surprise given its stunning beauty. Operating daily from 8 am to 6 pm, you can locate the park at 818. N Marine Corps Drive Piti, 5524, 96915, Guam.

Climb the tallest mountain in the world

Hiking is not a prerequisite for reaching the summit of Lamlam Mountain. Although it holds the title of the world’s tallest mountain. It should not be mistaken for Everest, which is the highest. Standing at 1,332 feet above sea level, Lamlam is notably easy to hike.

Should you decide to embark on this excursion. Remember to pack your sunscreen and bring an ample supply of water, as the trail can become quite hot.

Best time to visit Guam

  • Year-round Appeal: Guam offers pleasant weather throughout the year, making it a great destination regardless of the season.
  • Consistent Temperatures: Enjoy temperatures ranging from 70°F to 90°F, providing a comfortable climate for various outdoor activities.
  • Distinct Wet and Dry Seasons: Plan your visit considering Guam’s distinct wet season from July to December and dry season from January to May.
  • Dry Season Advantages: Opt for the dry season to minimize the chances of unexpected showers, creating more favorable conditions for outdoor adventures.
  • Humid Season Considerations: Even during the humid season from July to December. Guam’s weather remains suitable for outdoor activities without significant disruptions.

FAQs

Is it expensive living in Guam?

Living in Guam can be relatively expensive compared to some mainland U.S. areas due to factors like its isolated location, reliance on imports for goods, and high costs of utilities. However, expenses can vary based on individual lifestyle choices and accommodation preferences.

Why is Guam so expensive?

Several factors contribute to the high cost of living in Guam. Primarily, its geographical isolation leads to increased shipping expenses for imported goods. Limited local production, high demand for housing, and a significant military presence also influence the cost of living.

Where is the cheapest place to live in Guam?

Areas like Dededo and Yigo are often considered more affordable in terms of housing and living expenses compared to other parts of Guam. Rent and property prices in these regions can be relatively lower, offering more budget-friendly options.

Why are houses so expensive in Guam?

The cost of housing in Guam is influenced by various factors. Limited land availability, high demand driven by the military presence and tourism, along with the costs associated with importing construction materials, contribute to the relatively high prices of houses on the island.

Final Thoughts

Cost of Living in Guam is awesome! The weather is always nice, not too hot or cold. Even though it can cost a bit more than the mainland U.S., the island’s unique charm and cultural experiences make it worth it.

You get beautiful beaches, cool places to explore like Ritidian Point. A taste of Chamorro culture at the village market. Sure, things like gas and groceries may be a bit pricier. But the adventure and friendly community make up for it.

From slow-paced island life to making new friends, Guam is a fantastic place to call home or visit for a while!

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