Cost of Living in Cayman Islands

The cost of living in the 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 expensive due to its proximity to amenities. Other sought-after areas, like Seven Mile Beach, are also very expensive to rent due to their popularity with tourists.


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 charge more than for local students. However, this is still considerably less than the fees of private or international schools. 

Private and international schools fees range from school to school, but are generally quite expensive. Some schools offer a sibling discount. Most private schools also prefer fees to be paid annually.


Cost of living in Cayman Islands chart

Prices may vary depending on product and service provider. The list below shows average prices for June 2019 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 4

Chicken breasts (1kg)

KYD 18

Pack of cigarettes

KYD 9

Eating out

Big Mac Meal

KYD 9

Coca-Cola (330ml)

KYD 3

Cappuccino

KYD 4

Bottle of local beer

KYD 6

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

KYD 120

Utilities

Mobile-to-mobile call rate (per minute)

KYD 1

Internet (uncapped ADSL or cable – average per month)

KYD 115

Basic utilities (per month for small apartment)

KYD 300

Transportation

Taxi rate (per kilometre)

KYD 2

Bus/train fare in the city centre

KYD 2

Petrol/gasoline (per litre)

KYD 2

Expat Health Insurance Partners

Aetna Global

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