(MONEY INCOME OF CIVILIAN HOUSEHOLDS ON GUAM)

Guamís average (mean) household income for calendar year 2005 was $47,062, an increase of $5,866 or 14.2 percent from calendar year 2003, which was $41,196. Table 1 also shows a moderate increase of the household size compared to 2003 and a moderate increase in the number of earners within the household.

Per Capita Income for 2005 is $12,768, an increase of $1,244 or 10.8 percent from calendar year 2003. Per Capita Income statistics include the total non-institutional civilian population even those without income. Whereas, the mean (average) earners incomes are only those that are 16 years of age and over, excluding those who have no income. The Mean (average) Earnerís Income for 2005 was $22,625, which is $847, or 3.9 percent above calendar year 2003.

The statistics are based on data collected from the Current Labor Force Statistics survey in March of each year referring to the previous yearís income.

The income statistics may not be comparable with other income statistics due to differences in the income definition concepts used and the scope of persons and households included.

POPULATION COVERAGE: The population covered in this report includes the civilian noninstitutional population on Guam including U.S. Citizens and immigrant (resident) aliens as well as citizens of the Marshall Islands and the Federated States of Micronesia who are authorized by the Compact of Free Association to accept employment in the United States. Also included are the citizens of the Republic of Palau which are authorized to accept employment though the Covenant with the U.S. in October 1994. Excluded are members of the U.S. Armed Forces and their dependents living on posts, nonimmigrant (non-resident) aliens and inmates of institutions. For military families living outside the military reservations, income recorded per household or family refers only to the incomes of the dependents for that household or family. Furthermore, it is important to note that the estimates for total income per household or family takes into consideration the aggregate sum of money income for all members of the household or family member 16 years of age and over. No information regarding income, therefore, for persons under 16 years of age are considered in the reporting of money income.

HOUSEHOLD: A household consists of all the persons who occupy a house, an apartment, or other groups of rooms, or a room which constitutes a housing unit. A group of rooms or a single rooms is regarded as a housing unit when it is occupied as a separate living quarters; that is, when the occupants do not live and eat with any other unit in the structure, and when there is either (1) direct access from the outside or through a common hall, or (2) a kitchen or cooking equipment for the exclusive use of the occupants.

INCOME: Money income is defined as the algebraic sum of money wages and salaries, net income from self-employment, pensions, dividends, interest, and other money income received. Money income of households or families, as used in this report, refers to consumer money income for the calendar year before deduction of income taxes or social security taxes. Nonmonetary items of income are not covered. None of the aggregated income concepts (gross national product, national income, personal income) is exactly comparable with consumer money income. The nearest approximation to consumer money income is ìpersonal income.î Personal Income is the current income received by persons from all sources of net contributions for social insurance. Not only individuals (including owners of unincorporated enterprises), but nonprofit institutions, private trust funds and private health and welfare funds are classed as ìpersons.î Personal income includes transfers (payments not resulting from current productions) from government and businesses, such as social security benefits, military pensions, etc, but excludes transfers among persons. Although most of the income is in monetary form, there are important non-monetary inclusions ñ chiefly, estimated net rental value to owner-occupants of their home, the value of services furnished without payment by financial intermediaries, and the value of food consumed on farms.

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