Cost of Living in Cayman Islands vs Panama comparison
Cayman Islands
Explore Cayman Islands, a captivating country with a population of 58,435. Embrace a comfortable lifestyle with an average cost of living at $4876 and a median after-tax salary of $4444.6. Enjoy dining at diverse restaurants for $166, shop for essentials at bustling markets with an average of $128, and entrust your childcare needs to facilities costing approximately $21115annually. Keep your wardrobe fresh with a clothing budget of $440and secure a lovely home for $12425per month. Cayman Islands also offers an attractive average salary of $4444.6. Immerse yourself in the beauty of Cayman Islands, where rich culture meets affordability.
Panama
Discover Panama, a captivating country with a population of 4,098,587. Experience a comfortable way of life, where the average cost of living stands at $1897, and the median after-tax salary amounts to $713.04. Savor the culinary delights of Panama at various restaurants for an average of $72, explore bustling markets with essentials priced at around $64, and entrust your childcare needs to facilities costing approximately $9887annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $3284per month. Panama also boasts an appealing average salary of $713.04. Immerse yourself in the beauty of Panama, where affordability and cultural richness converge.
|
Restaurants |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Meal, Inexpensive Restaurant |
17.9 $ | 7.0 $ | 155 % |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
114.53 $ | 47.5 $ | 141 % |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
11.5 $ | 7.0 $ | 64 % |
|
Domestic Beer (1 pint draught) |
5.37 $ | 2.0 $ | 168 % |
|
Imported Beer (12 oz small bottle) |
7.16 $ | 3.5 $ | 104 % |
|
Cappuccino (regular) |
5.59 $ | 3.05 $ | 83 % |
|
Coke/Pepsi (12 oz small bottle) |
2.22 $ | 1.5 $ | 48 % |
|
Water (12 oz small bottle) |
1.79 $ | 1.17 $ | 52 % |
|
Markets |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Milk (regular), (1 gallon) |
4.59 $ | 1.57 $ | 192 % |
|
Loaf of Fresh White Bread (1 lb) |
4.82 $ | 2.05 $ | 135 % |
|
Rice (white), (1 lb) |
5.67 $ | 1.9 $ | 198 % |
|
Eggs (regular) (12) |
5.31 $ | 2.08 $ | 155 % |
|
Local Cheese (1 lb) |
10.34 $ | 8.81 $ | 17 % |
|
Chicken Fillets (1 lb) |
8.74 $ | 6.48 $ | 34 % |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
12.5 $ | 7.66 $ | 63 % |
|
Apples (1 lb) |
6.53 $ | 2.79 $ | 134 % |
|
Banana (1 lb) |
2.57 $ | 1.26 $ | 103 % |
|
Oranges (1 lb) |
5.27 $ | 2.41 $ | 118 % |
|
Tomato (1 lb) |
5.27 $ | 2.76 $ | 90 % |
|
Potato (1 lb) |
4.89 $ | 1.89 $ | 158 % |
|
Onion (1 lb) |
3.05 $ | 1.92 $ | 58 % |
|
Lettuce (1 head) |
3.1 $ | 1.62 $ | 91 % |
|
Water (1.5 liter bottle) |
2.28 $ | 1.48 $ | 54 % |
|
Bottle of Wine (Mid-Range) |
22.67 $ | 9.0 $ | 151 % |
|
Domestic Beer (0.5 liter bottle) |
3.86 $ | 1.1 $ | 250 % |
|
Imported Beer (12 oz small bottle) |
4.82 $ | 1.79 $ | 169 % |
|
Cigarettes 20 Pack (Marlboro) |
11.93 $ | 5.75 $ | 107 % |
|
Transportation |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
One-way Ticket (Local Transport) |
2.39 $ | 0.35 $ | 582 % |
|
Monthly Pass (Regular Price) |
17.9 $ | 30.0 $ | -40 % |
|
Taxi Start (Normal Tariff) |
17.9 $ | 2.0 $ | 794 % |
|
Taxi 1 mile (Normal Tariff) |
1.48 $ | 2.0 $ | -26 % |
|
Taxi 1hour Waiting (Normal Tariff) |
59.65 $ | 15.0 $ | 297 % |
|
Gasoline (1 gallon) |
1.76 $ | 1.03 $ | 70 % |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35791.15 $ | 24000.0 $ | 49 % |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
30183.87 $ | 19163.33 $ | 57 % |
|
Utilities (Monthly) |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
344.22 $ | 84.12 $ | 309 % |
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.38 $ | 0.17 $ | 123 % |
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
135.08 $ | 43.73 $ | 208 % |
|
Sports And Leisure |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
61.97 $ | 36.03 $ | 71 % |
|
Tennis Court Rent (1 Hour on Weekend) |
31.81 $ | 29.55 $ | 7 % |
|
Cinema, International Release, 1 Seat |
16.4 $ | 5.5 $ | 198 % |
|
Childcare |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1033.97 $ | 332.27 $ | 211 % |
|
International Primary School, Yearly for 1 Child |
20081.17 $ | 9555.56 $ | 110 % |
|
Clothing And Shoes |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
65.62 $ | 45.72 $ | 43 % |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
63.23 $ | 40.0 $ | 58 % |
|
1 Pair of Nike Running Shoes (Mid-Range) |
175.67 $ | 69.65 $ | 152 % |
|
1 Pair of Men Leather Business Shoes |
136.01 $ | 82.5 $ | 64 % |
|
Rent Per Month |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Apartment (1 bedroom) in City Centre |
2528.61 $ | 738.09 $ | 242 % |
|
Apartment (1 bedroom) Outside of Centre |
1835.95 $ | 428.33 $ | 328 % |
|
Apartment (3 bedrooms) in City Centre |
4825.18 $ | 1291.94 $ | 273 % |
|
Apartment (3 bedrooms) Outside of Centre |
3236.12 $ | 825.79 $ | 291 % |
|
Buy Apartment Price |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
9724.52 $ | 1865.81 $ | 421 % |
|
Price per Square Feet to Buy Apartment Outside of Centre |
6319.38 $ | 1212.81 $ | 421 % |
|
Salaries And Financing |
Cayman Islands |
Panama |
Difference |
|---|---|---|---|
|
Average Monthly Net Salary (After Tax) |
4444.6 $ | 713.04 $ | 523 % |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
6.06 % | 5.81 % | 4 % |