Cost of Living in Cayman Islands

The cost of living in Cayman Islands is relatively expensive. Because of the tax-free salaries policy, tax is charged on everyday items, pushing up the cost of living significantly. However, in order to offset this, salaries are generally quite high. 


Cost of accommodation in Cayman Islands 

Accommodation will likely be an expat's biggest expense, however the prices vary dramatically depending on the area. Accommodation in George Town, the capital, is likely to be the most expense, due to its proximity to amenities, however other sought-after areas, like 7 Mile Beach, are also very expensive to rent, due to its desired location.


Cost of education in Cayman Islands

The cost of education varies depending on the type of school a child attends. For non-Caymanian students, public schools pay around CI$750 per year for primary school, CI$900 per year for middle school and CI$1,200 per year for high school. This is considerably less than the fees of private/international schools. 

Private/international schools fees range from school to school. The top preschools charge around CI$850-$985 per month, but however it is possible to find daycare centres and nurseries that charge only CI$400 per month. The top primary schools charge between CI$8,500-CI$17,200 per year and the top high schools charge between CI$9,800-CI$18,400 per year, but lower fees can be found at other schools. Some schools offer a sibling discount. Most private schools also prefer fees to be paid per term or annually.


Cost of food in Cayman Islands

Cayman Islands is home to a number of large grocery stores, offering a wide selection of goods. However food costs can be expensive as most items are imported, and therefore taxed. 


Cost of living in Cayman Islands chart

Prices may vary depending on product and service provider. The list below shows average prices for January 2016 in George Town.

Accommodation (monthly rent)

Furnished one-bedroom apartment 

KYD 1,500 - 2,000

Furnished two-bedroom apartment

KYD 2,500 - 3,000

Shopping

Eggs (dozen)

KYD 6

Milk (1 litre)

KYD 3

Rice (1kg)

KYD 5

Loaf of white bread

KYD 2.50

Chicken breasts (1kg)

KYD 9

Pack of cigarettes (Marlboro)

KYD 8.20

Eating out

Big Mac Meal

KYD 8

Coca-Cola (330ml)

KYD 1.75

Cappuccino

KYD 3.70

Bottle of local beer

KYD 5

Three-course meal for two at a mid-range restaurant

KYD 120

Utilities

Mobile-to-mobile call rate (per minute)

KYD 0.25

Internet (uncapped ADSL or cable – average per month)

KYD 100

Basic utilities (per month for small apartment)

KYD 300

Transportation

Taxi rate (per kilometre)

KYD 3.51

Bus/train fare in the city centre

KYD 2

Petrol/gasoline (per litre)

KYD 1.26

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