Is it expensive to live in Guam?

Yes, the cost of living in Guam is generally considered to be high, especially compared to the rest of the United States. This is due to several factors, including:

1. Limited Local Production: Guam is a relatively small island with a limited amount of local production, which means that many goods have to be imported. The cost of importing these goods, including transportation and customs duties, can drive up prices.

2. Tourism-Based Economy: Guam heavily relies on tourism as a major source of revenue, which can affect the cost of living. Tourist-oriented businesses, such as hotels, restaurants, and entertainment venues, tend to have higher prices to cater to visitors who are willing to spend more.

3. Transportation Costs: Guam is heavily dependent on imported goods, and the cost of transporting these goods can be significant. This includes the cost of fuel, shipping, and customs duties, all of which can contribute to higher prices for consumers.

4. Limited Housing Options: The housing market in Guam is relatively limited, with a high demand for housing due to the influx of both locals and expatriates. This limited supply of housing can drive up prices, making it expensive to purchase or rent a property in Guam.

5. Military Presence: Guam is a significant hub for the United States military, and the presence of military bases can influence the cost of living. Certain goods and services may be subsidized or provided at a lower cost for military personnel and their families, but this can also contribute to higher prices for the civilian population.

These factors collectively make Guam a relatively expensive place to live compared to many other parts of the United States. However, it's worth noting that the cost of living can still vary depending on individual lifestyle choices and preferences.