Cost of Living in Micronesia
Last updated on Aug 24, 2023
Summary: The cost of living in Micronesia is generally considered to be quite low. A nice one bedroom apartment can cost anywhere from $500 to $1,000 per month, while a nice two bedroom apartment can cost from $800 to $1,500 per month. The cost of dinner at a moderately priced restaurant can range from $10 to $20 per person.
Is the cost of living in Micronesia high?
We asked people how much they someone comfortably live on in Micronesia, they wrote:
"The cost of living in Micronesia is generally considered to be relatively low compared to other countries. Prices for basic necessities such as food, housing, and transportation are generally lower than in other countries. However, the cost of imported goods and services can be quite high due to the country's remote location. Additionally, the cost of living can vary significantly depending on the island or region of Micronesia," explained one expat.
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Will I save money living in Micronesia?
"Living in Micronesia can be significantly cheaper than living in the United States. The cost of living in Micronesia is much lower than in the United States, with basic necessities such as food, housing, and transportation being much more affordable. Additionally, the cost of entertainment and leisure activities is also much lower in Micronesia than in the United States," explained one expat living in Micronesia.
What is the average cost of housing in Micronesia?
If you are thinking about moving to Micronesia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Micronesia can vary greatly depending on the location and type of housing. Generally, housing in Micronesia is relatively affordable compared to other countries in the region. Rent for a one-bedroom apartment in a city center can range from $400 to $800 per month, while rent for a three-bedroom house in a rural area can range from $500 to $1,000 per month," explained one expat.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What are typical rental prices for expats in Micronesia?
"The rental price for a nice 1 bedroom apartment in Micronesia can range from around $500 to $1,000 per month, while a nice 2 bedroom apartment can range from around $800 to $1,500 per month," remarked one expat living in Micronesia.
What appliances are typically included in a rental?
We asked foreigners in Micronesia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Micronesia, rental properties typically include a refrigerator, stove, oven, and washing machine. Other appliances such as a dishwasher, microwave, and air conditioner may also be included, depending on the property," wrote an expat living in Micronesia.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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