Cost of living and prices in Guam, prices of food, rent, shopping, etc 🇬🇺 Updated Jul 2023
Discover Guam, a beautiful island located in Micronesia with an area of 549 square kilometres and a population of 159,358. The population density of Guam is 290.27 people per square kilometre, making it a vibrant and bustling place to live in.
The official languages of Guam are English, Chamorro, and Spanish, providing a diverse linguistic experience. The island's gross domestic product (GDP) is $4.6 billion with $28,866 GDP per capita. The United States dollar is the currency used in Guam and its top-level domain is .gu.
Despite its small size, Guam boasts a thriving economy and diverse culture, making it an ideal place for those seeking an international experience. Residents enjoy a cost of living that is on par with other developed nations, and the availability of goods and services is comparable to that of the United States.
Additionally, Guam's proximity to other destinations, including Japan, China, and the Philippines, makes it an excellent location for those who enjoy travel and exploring new cultures. Whether you want to take part in the vibrant nightlife or relax on one of Guam's many stunning beaches, there is something for everyone on this beautiful island.
Cost of Living Estimate in Guam
You can calculate cost of living in Guam by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Guam is a destination for foodies. Being an island, it is home to a rich seafood-based cuisine that combines local flavors with American and Asian influences. Visitors will have a variety of options to choose from, ranging from sophisticated restaurants to food trucks. Some popular dishes include red rice, kelaguen, and kadon pika. In addition, there are many international restaurants, allowing visitors to explore the world of Japanese, Korean, Filipino, and Chinese cuisines. Regardless of one's preference, Guam has something to offer for every taste bud.
For those who want to explore Guam's culinary scene further, there are several food festivals and events throughout the year, such as the Taste of Guam and the Island Sizzle. These events offer visitors an opportunity to try various dishes, listen to live music, and experience the island's vibrant culture. Also, visitors can have a unique dining experience by dining al-fresco-style or by visiting restaurants located by the beach or on the edge of a cliff, offering panoramic views of the ocean. Guam's food scene is truly unique and unforgettable.
Market prices in Guam can vary depending on the product or service being offered. While some products may be cheaper than what you would find in the continental United States, others may be more expensive due to the remote location of the island and the costs associated with importing goods. The tourism industry also plays a significant role in market prices, as many businesses cater to visitors and may offer prices that are higher than what locals pay.
For residents of Guam, there are several markets and supermarkets that offer affordable prices on groceries and household items. Local produce and seafood are readily available and can often be found at lower prices than imported goods. Additionally, many small businesses offer competitive prices on services such as car repairs and home improvements. Overall, while market prices in Guam may fluctuate, there are still many options available for consumers to find affordable options for their everyday needs.
Guam offers a variety of transportation options for tourists looking to explore the island. One popular choice is to rent a car, as it allows you to have the independence to explore different parts of the island at your own pace. However, be aware that driving on Guam can be a bit different than you may be used to—people drive on the right side of the road and there are often potholes and other road hazards to navigate around. Another option is taking the local buses, called “Leas,” which are affordable and take you to different parts of the island. They can be a bit slower than driving yourself, but it can be a great way to get to know the local culture and interact with residents.
If you are looking for a unique transportation experience in Guam, you may want to consider taking a water taxi. These boats can take you to different parts of the island via the ocean, providing beautiful views of Guam’s coastline along the way. Additionally, there are also many tours available that allow you to explore Guam’s crystal-clear waters and coral reefs on a boat. You’ll be able to see amazing sea life and learn about Guam’s unique ecosystem from knowledgeable guides. Whether you’re interested in renting a car or taking a water taxi, Guam has plenty of transportation options to make your vacation one to remember.
Utilities Per Month prices
If you’re thinking of traveling to Guam, it’s important to keep utilities cost in mind. The cost of utilities such as electricity and water can be quite high compared to what you may be used to. This is due to Guam being an island with limited resources, which means that utilities may need to be imported from outside sources.
Another aspect to keep in mind when it comes to utilities cost in Guam is that the cost can vary between different villages or towns on the island. This means that the cost of utilities may vary depending on where you choose to stay during your trip. It’s important to do some research beforehand to ensure that you’re aware of the potential cost differences and can budget accordingly.
Sports And Leisure prices
If you're a sports enthusiast, then Guam is the perfect place to be! The island offers a wide range of outdoor activities, from golfing to kayaking and everything in between. With its beautiful weather, Guam is an ideal destination for those who enjoy being in the great outdoors. Some popular sports activities include surfing, snorkeling, and paddle-boarding, which are all perfect for those who love the crystal-clear waters and magnificent beaches. If you're a golf lover, you'll be happy to know that Guam has some of the best courses in Micronesia, and golfing here is definitely a must-try experience!
If you're more into leisurely activities, then Guam has numerous options as well. With plenty of spas to choose from, you can pamper yourself with a relaxing massage, facial, or body treatment. Explore the island's rich history and culture by visiting its many museums, or take a stroll through Hagatna, Guam's capital city, to experience its colonial architecture and local markets. And if you're looking for some nightlife, Guam has a variety of bars and clubs where you can dance the night away. With numerous entertainment options, great food, and a welcoming culture, Guam is truly a paradise for those looking to relax and unwind.
Salaries And Financing prices
Salaries and financing in Guam should be on the minds of those traveling to the island. The cost of living in Guam can be expensive, but salaries can vary depending on the industry. The tourism industry is one of the largest employers on the island and can offer competitive wages. The cost of goods and services may be higher than in other parts of the United States due to Guam being a remote island. It is important to budget accordingly while on the island but remember, Guam has many activities and sights to offer that are affordable or even free.
A great way to finance your trip to Guam or any other destination is to plan and save in advance. Saving money each month can help alleviate the financial stress of traveling. Additionally, using a credit card that earns rewards or cash back can help you finance your vacation while also receiving some benefits. Lastly, consider researching unique ways to save on travel expenses, such as staying in hostels or looking for deals on transportation and attractions. Being mindful of your expenses can ensure that your trip to Guam is enjoyable without breaking the bank.
Childcare prices in Guam vary depending on the level of care and type of facility. For parents looking for a more structured and academic approach to childcare, options include private schools or kindergartens that offer full-time care. These facilities often have higher tuition fees, but may provide additional services like extracurricular activities and specialized curriculum.
Alternatively, there are also more affordable options available for parents who are comfortable with less structure and a more flexible schedule. Daycare centers and in-home care providers offer more casual environments with lower tuition costs. While these options may not provide the same level of academic rigor as schools or kindergartens, they can still offer reliable care and opportunities for children to socialize and play with peers.
Clothing And Shoes prices
When it comes to clothing and shoes, Guam offers a variety of options for all budgets and styles. From high-end designer stores to more affordable chain retailers, Guam has it all. Many of the larger shopping centers, such as Guam Premier Outlets and Micronesia Mall, house a range of stores offering apparel and footwear to cater to different preferences. On the other hand, if you're looking for unique, locally made clothing and accessories, Guam's Chamorro Village is the place to go.
Additionally, online shopping is becoming more prevalent in Guam, allowing residents and visitors to browse and purchase from global retailers at their convenience. With the availability of online retailers such as Amazon, Zappos, and Asos, shopping for clothing and shoes has become easier than ever. Alternatively, there are also numerous smaller, locally-owned shops throughout the island that offer a more personalized and intimate shopping experience, making it easy to find exactly what you're looking for.
Rent Per Month prices
If you're planning on staying in Guam for a short period of time, there are various options available to you. Many hotels on the island offer short-term rentals, ranging from a few days to a couple of weeks. Additionally, there are several condominiums and apartments for rent that cater to short-stay travelers. These accommodations offer a more homey feel and are fully furnished, providing you with all the necessary amenities for your stay in Guam. What's great about these short-stay options is that they're reasonably priced, making them an affordable option for those looking to save on their accommodation expenses.
Another short-stay option in Guam is vacation rentals, also known as holiday rentals. These can range from small beach cottages to luxurious villas and often come with amenities such as hot tubs, private pools and a full kitchen, giving you more control over your stay. Vacation rentals are best suited for those traveling in groups or families, as they offer ample space and privacy. Prices for vacation rentals in Guam can vary substantially depending on the type and location of the rental, so it's best to look around and compare rates to find the best deal that suits your budget.
Buy Apartment prices
When it comes to buying real estate in Guam, there are a variety of options available to potential homebuyers. Whether you're in the market for a luxurious villa, a cozy condo, or a sprawling estate, Guam has something to offer for everyone. Many buyers are drawn to the island's stunning beaches and exceptional weather, while others are attracted to the area's rich cultural history and unique blend of Asian and Pacific Islander cultures. Regardless of your personal preferences, it's easy to find a property that fits your lifestyle and budget in Guam, making it an ideal destination for anyone looking to invest in real estate.
Of course, prices for real estate in Guam can vary widely depending on several factors, such as location, size, and condition. Properties located near major cities or popular tourist attractions tend to be more expensive than those in quieter, more secluded neighborhoods. Additionally, homes that require extensive renovations or upgrades may come at a lower price point than move-in ready options. Despite these variances, however, buyers can generally find high-quality homes at reasonable prices in Guam, especially when compared to real estate markets in the U.S. mainland. With a little research and patience, anyone can find their dream home in Guam without breaking the bank.