🇬🇾 Cost of Living in Guyana - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameCo-operative Republic of Guyana
CapitalGeorgetown
Population772,975
Area214,969 km² (83,000 sq mi)
LanguagesEnglish
CurrencyGuyanese dollar ($)
TimezoneUTC-04:00
RegionAmericas / South America
Drives onLeft
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$80,155 (2024)
Inflation Rate2.9% (2024)
Health Spend per Capita$505 (2023)
Out-of-Pocket Health Spend26.3% (2023)
Source: World Bank Open Data
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$30-50 USD
Daily Budget (Mid-Range)$50-100 USD
Daily Budget (Comfort)$100-200 USD
CurrencyGYD
Tipping Customnot expected
How Expensive Is Guyana?
Guyana is considered an affordable country to live in or visit, with a cost of living that is relatively low compared to other countries in South America. The country's economy is driven by agriculture, mining, and forestry, which contributes to its affordable cost of living. Compared to its neighbors, Guyana is more affordable than Brazil but slightly more expensive than Suriname. The capital city, Georgetown, is the most expensive part of the country, but even there, the cost of living is relatively low. Overall, Guyana offers a great balance of affordability and quality of life, making it an attractive destination for tourists and expats alike.
The cost of living in Guyana is also influenced by the country's currency, the Guyanese dollar (GYD), which has a relatively stable exchange rate with the US dollar. This makes it easy for visitors to budget and plan their expenses. Additionally, the country's laid-back atmosphere and friendly locals add to its appeal, making it a great destination for those looking to experience the authentic culture of South America without breaking the bank.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$10-20
Basic dorms and shared facilities
Mid-Range Hotel
$30-60
Air-conditioned rooms, TV, and private bath
Luxury/Resort
$100-200
High-end amenities, pool, and scenic views
Apartment Rent (monthly)
$200-500
City center, furnished, 1-2 bedrooms
Apartment Rent (monthly)
$100-300
Outside city center, furnished, 1-2 bedrooms
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$3-5
Casual Restaurant
$10-20
Mid-Range Restaurant (2 people)
$20-40
Fine Dining
$50-100
Beer (local)
$2-5
Coffee
$1-3
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1.00
Taxi (per km)
$1-2
Domestic flight
$50-100
Fuel (per liter)
$0.50-1.00
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
200
400
800
Food
200
400
800
Transport
50
100
200
Utilities
50
100
200
Entertainment
100
200
400
Total
600
1200
2400
Money-Saving Tips
Consider staying in a hostel or guesthouse instead of a hotel to save on accommodation costs.
Eat at local eateries and street food stalls to experience authentic Guyanese cuisine at a lower cost.
Use public transportation or walk/bike whenever possible to reduce transport costs.
Shop at local markets for fresh produce and groceries instead of relying on imported goods.
Avoid exchanging money at airports or hotels, as the rates are often unfavorable – instead, use ATMs or local banks to withdraw cash.
Learn some basic Guyanese phrases and customs to show respect for the local culture and people, which can also help you negotiate better prices and make the most of your experience.