The Surprising 2024 Cost of Living in Guam

Introduction

Guam is in the Western Pacific, beautiful beaches, culture and military importance. But living in paradise has its own price tag. 

Whether you’re moving to Guam for work, retirement or play, you need to know the cost of living. Here’s the 2024 cost of living in Guam – housing, food, transportation and all.

Overall Cost of Living

Compared to previous years, the cost of living in Guam has changed a lot. Here’s a quick rundown:

• More than Mainland US: Living in Guam is more expensive than many parts of the mainland US because of its location and being an import island.
• Same as Major Cities: Overall cost is similar to living in major US cities like San Francisco or New York, especially housing and groceries.

Housing Costs

Renting

Rental prices in Guam can vary depending on location and type of property. Here are the average prices for 2024:

• 1-Bedroom in City: $1,200 – $1,500
• 1-Bedroom outside City: $900 – $1,200
• 3-Bedroom in City: $2,500 – $3,000
• 3-Bedroom outside City: $1,800 – $2,300

Buying Property

If you plan to buy a property, here’s what you can expect:

• Average Cost per Square Foot: $250 – $350
• Typical Home Price: $400,000 – $600,000 for a standard family home

Utilities and Services

Electricity

Electricity costs in Guam are relatively high due to the need to import fuel for power generation:

• Average Monthly Cost: $200 – $300 for a standard household

Water and Sewage

Water and sewage services are generally more affordable:

• Average Monthly Cost: $50 – $75

Internet and Cable

Staying connected is important, and here are the typical costs:

• Internet: $70 – $100 per month for high-speed internet
• Cable TV: $50 – $80 per month, depending on the package

Food and Groceries

Grocery Stores

Groceries can be pricey due to shipping costs. Here are some average prices for common items:

• Milk (1 liter): $3.00
• Bread (500g loaf): $4.00
• Eggs (dozen): $3.50
• Chicken Breast (1kg): $10.00
• Rice (1kg): $4.00

Dining Out

Eating out is a popular activity in Guam, but it comes with its own costs:

• Inexpensive Restaurant Meal: $15 – $20
• Mid-range Restaurant (3-course meal for 2): $60 – $80
• Fast Food Combo Meal: $8 – $10

Transportation

Public Transportation

Guam’s public transportation system includes buses and taxis:

• Bus Fare: $1.50 per ride or $30 for a monthly pass

Owning a Car

Many residents prefer to own a car. Here’s what you can expect in terms of costs:

• Gasoline: $5.00 per gallon
• Monthly Car Insurance: $80 – $120
• Maintenance: $50 – $100 per month on average

Healthcare

Healthcare in Guam is generally good but can be costly without insurance:

• Doctor’s Visit: $50 – $100
• Dental Cleaning: $75 – $150
• Health Insurance: $300 – $500 per month for a family plan

Education

Public Schools

Public education is available for residents at no direct cost, though there are associated expenses:

• Uniforms and Supplies: $200 – $400 per year

Private Schools

Many expatriates and locals choose private schools:

• Annual Tuition: $8,000 – $12,000

Higher Education

Guam has several higher education institutions:

• Tuition Fees: $5,000 – $10,000 per year for local universities

Entertainment and Leisure

Common Activities

Guam offers a variety of activities to enjoy the island lifestyle:

• Movie Ticket: $12
• Gym Membership: $50 – $70 per month
• Beach Access: Free, but some facilities may charge a small fee

Fitness and Recreation

Staying fit and active is part of the lifestyle here:

• Yoga Classes: $15 – $20 per session
• Sports Clubs: $30 – $50 per month

Miscellaneous Expenses

Don’t forget to factor in these extras:

• Personal Care (haircuts, etc.): $20-$50
• Clothing: Same as mainland US prices
• Household Goods: More due to shipping

Conclusion

Living in Guam is beautiful, cultural and modern. But be prepared for the cost of living, especially housing and food. Now you know. Moving to Guam for work, retirement or just for fun? Knowing what to expect will help you enjoy it more.

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