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.

Accommodation (monthly rent in a good area)

One-bedroom apartment in city centre

KYD 2,167

One-bedroom apartment outside of city centre

KYD 1,508

Three-bedroom apartment in city centre

KYD 4,200

Three-bedroom apartment outside of city centre

KYD 2,650


Milk (1 litre)

KYD 3.85

Loaf of white bread

KYD 4.04

Chicken breasts (1kg)

KYD 7.57

Rice (1kg)

KYD 5.83

Dozen eggs

KYD 4.76

Pack of cigarettes


Eating out

Big Mac Meal

KYD 10

Coca-Cola (330ml)

KYD 1.82


KYD 4.75

Bottle of beer (local)


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

KYD 100 


Mobile call rate (per minute – mobile to mobile)  

KYD 0.32

Internet (average per month)

KYD 109

Basic utilities (per month for a small apartment)

KYD 288


Taxi rate/km

KYD 1.24

City-centre bus/train fare


Petrol (per litre)

KYD 1.43