Guam


Guam is an often-overlooked alternative for American retirees, despite its many benefits. Because it's a U.S. territory, English is spoken everywhere on the island, and its currency is the U.S. dollar. And, at least on the surface, much of the country's culture and politics will seem familiar to many Americans.

Situated 3,700 miles southwest of Honolulu, Guam is a lower-cost alternative to Hawaii while sharing the same climate. One-bedroom apartments in Guam can rent for as low as $400 per month, with luxury units facing the sea costing $1,000 per month. American citizens can buy property on the island; three-bedroom houses often sell for less than $200,000.

Since the territory is a small, remote island, most items have to be imported, which means groceries can be more expensive than on the U.S. mainland. Meats, most vegetables and some dairy products can cost twice as much. Restaurants, however, are usually comparable in cost to their American counterparts.

Besides enjoying the weather, retirees in Guam can use both American and Guam-based insurers -- including Medicare -- to cover their health care costs. All major medical services are available at Guam Memorial Hospital, which is certified and accredited by several federal agencies in the U.S.


 
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