Cost of Living in the Cayman Islands

The cost of living in the Cayman Islands is relatively expensive. This is largely because of the tax-free salaries that push VAT up on everyday items, leading to a high cost of living. Be that as it may, earnings tend to be sky high to offset this.

Cost of accommodation in the Cayman Islands 

Accommodation will likely be an expat's highest expense, but the prices vary dramatically depending on the area. Accommodation in George Town, the capital, is likely to be the most expensive, owing to its proximity to amenities. Other sought-after areas, such as Seven Mile Beach, are also eye-wateringly expensive due to their popularity with tourists.

Cost of education in the 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 they usually would for local students. Still, this is considerably less than the fees of private or international schools.

Private and international school fees range between schools, but are generally quite exorbitant. Some schools offer sibling discounts, and most private schools require annual fee payments.

Cost of living in the Cayman Islands chart

Prices may vary depending on product and service provider. The list below shows average prices for October 2022 in George Town.