MigrantoCost of living in the Cayman Islands
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in the Cayman Islands
Spending runs from KYD 976 a month in the poorest fifth to KYD 5,850 in the richest
Per person, whole country
KYD 2,280
what a typical person spends in a month
Spending across the population
KYD 976richest 20%
KYD 5,850
Where people spend money in the Cayman Islands
One person's out-of-pocket spending, averaged across the whole country
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Key facts
The cost of living in the Cayman Islands in numbers
Groceries takes an unusual share of the budget
It absorbs 9.7% of spending here, or KYD 222 a month, against 19.7% in a typical country, 10 points less.
Among the most expensive countries in the world
More expensive than 99% of countries. A basket that costs KYD 833 at world-middle prices costs KYD 2,260 here.
The most expensive of its neighbours
Every neighbouring country is cheaper. The same basket costs KYD 2,260 here against KYD 1,330 in the Bahamas, the closest on price.
How living costs in the Cayman Islands compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in the Cayman Islands against other countries
More expensive than 99% of countries
Where Cayman Islands sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs KYD 833 at world-middle prices costs KYD 2,260 here.
Data source: household consumption 2023 (World Bank, regional estimate), International Comparison Program 2021 (World Bank), category breakdown 2023 (United Nations Statistics Division), adjusted to 2026 using IMF GDP-per-capita growth
Living-cost calculator
What it costs to live in the Cayman Islands
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Cost of living in the Cayman Islands
KYD 976/mo
vs KYD 667 in your country
Take-home
KYD 379
vs KYD 1,000 in your country
Potential savings
−KYD 597
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in the Cayman Islands?
A typical person in the Cayman Islands spends about KYD 2,280 a month — around KYD 27,400 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in the Cayman Islands?
By spending, The Cayman Islands ranks #7 of 185 countries. A typical person spends about KYD 2,280 a month, the poorest 20% about KYD 976 and the richest 20% about KYD 5,850. The gap between them shows how unevenly people live.
What is the cost of living in the Cayman Islands in US dollars?
The cost of living in the Cayman Islands is about $2,741 a month, or roughly $32,892 a year per person.
How much money do you need to live comfortably in the Cayman Islands?
It all depends on your standard of living. A modest budget runs about KYD 976 a month per person, a typical one around KYD 2,280, and a comfortable life around KYD 3,220. In big cities and for a family, costs are usually higher.
What do people spend the most on in the Cayman Islands?
The biggest expense is housing, at about KYD 537 a month (24% of spending). Then come transport (KYD 233, 10%) and groceries (KYD 222, 10%).
Is the Cayman Islands an expensive country to live in?
Yes. The Cayman Islands is more expensive than 97% of countries worldwide and ranks 1st of 33 in Latin America by cost of living.
What currency is used in the Cayman Islands?
The Cayman Islands uses the Cayman Islands Dollar (KYD). Amounts on this page are shown in it; the currency switcher converts them.
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Living in the Cayman Islands
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