Cost of Living in Cayman Islands
Premier tax haven with no direct taxes; offers a sophisticated, high-standard Caribbean lifestyle for finance professionals.
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Average cost per month
Distribution of Expenses
Banking & turtle conservation
Flat coral islands & blue seas
Tax haven; luxury standard of living
Cost of living breakdown for Cayman Islands
You can expect to spend around £3,852 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
Cayman Islands average costs for food and drink.
Salary & Services
Cayman Islands average salaries and services.
Average living costs in Cayman Islands
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £2,147.88 | £1,771.45 - £2,657.17 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £1,736.01 | £1,328.59 - £2,214.31 |
| 3 Bedroom Apartment in City CentreRent Per Month | £4,196.11 | £3,631.46 - £4,977.76 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £3,482.00 | £3,100.04 - £3,985.75 |
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Frequently asked questions
The cost of living in Cayman Islands depends on your lifestyle and location. On average, a single person needs £1,594 per month without rent, while a family of four requires £5,372. Renting a 1-bedroom apartment in the city centre costs an additional £2,148 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Cayman Islands costs £2. If you are commuting regularly, a monthly pass is typically priced at £60.
The average monthly net salary (after tax) in Cayman Islands is currently £5,783.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Cayman Islands costs approximately £22, while a three-course meal for two people at a mid-range restaurant costs around £84.
The estimated monthly cost of living in Cayman Islands for a single person is £1,594, excluding rent.
For a family of four living in Cayman Islands, the estimated monthly costs are £5,372, not including rent.
Rent prices in Cayman Islands depend on location. The average monthly rent for a 1-bedroom apartment in a city centre is £2,148, compared to £1,736 outside the centre. For a 3-bedroom apartment, the average is £4,196 in city centres and £3,482 in suburban areas.
Basic utilities in Cayman Islands (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £363 per month. Internet access typically adds another £87.