Cost of Living in Cayman Islands

Updated: December 01, 2024

If you've ever considered moving to Cayman Islands, one of the first questions that likely crossed your mind is, "What is the cost of living in Cayman Islands?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Cayman Islands and whether the reported $4876 per month figure aligns with the average monthly salary of $4444.6.

Restaurants

Markets

Transportation

Childcare

Clothing

Rent Per Month

Buy Apartment

Salaries

Cayman Islands

restaurant Restaurants	Price	World Range
Meal, Inexpensive Restaurant	17.9 $
Meal for 2 People, Mid-range Restaurant, Three-course	114.53 $
McMeal at McDonalds (or Equivalent Combo Meal)	11.5 $
Domestic Beer (1 pint draught)	5.37 $
Imported Beer (12 oz small bottle)	7.16 $
Cappuccino (regular)	5.59 $
Coke/Pepsi (12 oz small bottle)	2.22 $
Water (12 oz small bottle)	1.79 $

store Markets	Price	World Range
Milk (regular), (1 gallon)	4.59 $
Loaf of Fresh White Bread (1 lb)	4.82 $
Rice (white), (1 lb)	5.67 $
Eggs (regular) (12)	5.31 $
Local Cheese (1 lb)	10.34 $
Chicken Fillets (1 lb)	8.74 $
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	12.5 $
Apples (1 lb)	6.53 $
Banana (1 lb)	2.57 $
Oranges (1 lb)	5.27 $
Tomato (1 lb)	5.27 $
Potato (1 lb)	4.89 $
Onion (1 lb)	3.05 $
Lettuce (1 head)	3.1 $
Water (1.5 liter bottle)	2.28 $
Bottle of Wine (Mid-Range)	22.67 $
Domestic Beer (0.5 liter bottle)	3.86 $
Imported Beer (12 oz small bottle)	4.82 $
Cigarettes 20 Pack (Marlboro)	11.93 $

commute Transportation	Price	World Range
One-way Ticket (Local Transport)	2.39 $
Monthly Pass (Regular Price)	17.9 $
Taxi Start (Normal Tariff)	17.9 $
Taxi 1 mile (Normal Tariff)	1.48 $
Taxi 1hour Waiting (Normal Tariff)	59.65 $
Gasoline (1 gallon)	1.76 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	35791.15 $
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	30183.87 $

mark_as_unread Utilities (Monthly)	Price	World Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	344.22 $
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)	0.38 $
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	135.08 $

kitesurfing Sports And Leisure	Price	World Range
Fitness Club, Monthly Fee for 1 Adult	61.97 $
Tennis Court Rent (1 Hour on Weekend)	31.81 $
Cinema, International Release, 1 Seat	16.4 $

child_friendly Childcare	Price	World Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	1033.97 $
International Primary School, Yearly for 1 Child	20081.17 $

checkroom Clothing And Shoes	Price	World Range
1 Pair of Jeans (Levis 501 Or Similar)	65.62 $
1 Summer Dress in a Chain Store (Zara, H&M, ...)	63.23 $
1 Pair of Nike Running Shoes (Mid-Range)	175.67 $
1 Pair of Men Leather Business Shoes	136.01 $

night_shelter Rent Per Month	Price	World Range
Apartment (1 bedroom) in City Centre	2528.61 $
Apartment (1 bedroom) Outside of Centre	1835.95 $
Apartment (3 bedrooms) in City Centre	4825.18 $
Apartment (3 bedrooms) Outside of Centre	3236.12 $

home Buy Apartment Price	Price	World Range
Price per Square Feet to Buy Apartment in City Centre	9724.52 $
Price per Square Feet to Buy Apartment Outside of Centre	6319.38 $

account_balance_wallet Salaries And Financing	Price	World Range
Average Monthly Net Salary (After Tax)	4444.6 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.06 %

Dining Out

The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 17.9 USD, while a three-course dinner for two at a mid-range restaurant generally costs 114.53 USD.

Groceries

Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 4.59 USD, a loaf of bread 4.82 USD, and a dozen eggs approximately 5.31 USD.

Transportation

Public transport is relatively affordable, with a single trip priced at about 2.39 USD and a monthly pass around 17.9 USD. If you plan to use public transit regularly, these passes offer great value.

Utilities

For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 344.22 USD.

Sports and Recreation

For those interested in fitness and leisure, a monthly gym membership averages around 61.97 USD, while an hour on a tennis court on weekends costs about 31.81 USD.

Childcare and Education

Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 1033.97 USD. For international schooling options, annual tuition can reach approximately 20081.17 USD.

Clothing and Footwear

Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 65.62 USD, and mid-range Nike sneakers are priced around 175.67 USD.

Apartment Rentals

Rental prices depend on location, with a one-bedroom apartment in the city center averaging 2528.61 USD per month, while one outside the center costs around 1835.95 USD.

Real Estate for Purchase

If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 9724.52 USD, while in the suburbs, it's closer to 6319.38 USD.

Average Salary and Mortgage Rates

The average monthly net salary here is about 4444.6 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 6.06% annually.

Cost of Living in Cayman Islands

Cayman Islands

Restaurants

Markets

Transportation

Utilities (Monthly)

Sports And Leisure

Childcare

Clothing And Shoes

Rent Per Month

Buy Apartment Price

Salaries And Financing