Cayman Islands

Cayman Islands

🇰🇾
A country. We have 0 states and 0 cities, 0 streets and 0 properties registered in our database.
Rank #2 in Countries
0.0
(0 reviews)

Insights About Cayman Islands

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Cost of Living in Cayman Islands

Grocery Shopping

Beer (Domestic, 0.5 Liter)
$ 7.17
Beer (Imported, 0.33 Liter)
$ 6.52
Milk (1 Liter)
$ 3.47
Fresh White Bread (500 Grams)
$ 4.94
White Rice (1 kg)
$ 6.21
Chicken Eggs (12 pcs)
$ 7.53
Local Cheese (1 kg)
$ 13.37
Chicken Meat (1 Kg)
$ 11.37
Beef Meat (1 Kg)
$ 15.75
Apple (1 Kg)
$ 9.52
Banana (1 Kg)
$ 3.46
Orange (1 Kg)
$ 7.36
Tomato (1 Kg)
$ 8.00
Potato (1 Kg)
$ 6.54
Onion (1 Kg)
$ 5.14
Lettuce (1 Piece)
$ 4.59
Water (1.5 Liter)
$ 2.88
Wine Bottle (0.7 Liter, Mid-Level)
$ 24.00
Cigarette (20 Pcs Pack, Marlboro)
$ 13.06

Monthly Bills

Basic Bills (Heating, Cooling, Water, Electricity, Garbage) for 90 m2 Apartment
$ 408.07
Internet Service (50 Mbps or Higher, Unlimited, ADSL)
$ 125.77

Childcare

Kindergarten (Private, Full-Day, Monthly)
$ 1,233.18
Primary School (Yearly, International, for Single Child)
$ 24,893.09

Rent

1 Bedroom Apartment Far From City Centre
$ 2,673.56
1 Bedroom Apartment in City Centre
$ 2,044.00
3 Bedrooms Apartment in City Centre
$ 5,481.42
3 Bedrooms Apartment Far From City Centre
$ 4,209.55

Salaries

Average Salary (Net, Without Taxes)
$ 4,606.17

Eating and Drinking

Budget-Friendly Meal at Restaurant
$ 23.87
3-Course Meal for 2 at Mid-Range Restaurant
$ 142.73
McDonald's McMeal or Similar Combo
$ 14.28
Cappuccino (Normal)
$ 6.22
Coke/Pepsi (0.33 Liter)
$ 3.38

Transport

Single Way Ticket (Local Transportation)
$ 2.70
Monthly Pass (Standard Price)
$ 30.00
Taxi Starting Price (Standard Tariff)
$ 18.00
Taxi 1 KM Price (Standard Tariff)
$ 6.00
Taxi 1 Minute Waiting Price (Standard Tariff)
$ 54.01
Fuel (1 Liter)
$ 1.83
Volkswagen Golf 1.4 Trendline (Or a Same Segment Vehicle)
$ 33,046.48
Toyota Corolla Sedan 1.6l Comfort (Or a Same Segment Vehicle)
$ 34,780.24

Leisure & Hobbies & Sport

Fitness Club
$ 82.02
Tennis Court (Weekend, 1 Hour)
$ 60.30
Cinema (1 Seat)
$ 18.00

Clothing

Jeans (Levis 501 or a Same Quality Jeans)
$ 85.51
Summer Dress (From Chain Stores like H&M, ZARA, etc.)
$ 128.86
Nike Running Shoes (Middle Segment)
$ 146.99
Men’s Leather Business Shoes
$ 141.18

Apartment Prices

M2 Price in City Centre
$ 12,853.85
M2 Price Far From City Centre
$ 8,253.98
20 Years Fixed Rate Mortgage Interest Rate (%, Annual)
$ 6.62

Air Quality Details of Cayman Islands

Air Quality Metrics of Cayman Islands

A colorless, odorless gas emitted from incomplete combustion of carbon-based fuels, posing a health risk when inhaled in high concentrations.

A reddish-brown gas produced by combustion processes, particularly in vehicles and power plants, contributing to air pollution and respiratory issues.

A reactive gas present in the atmosphere, beneficial at higher altitudes but forming ground-level smog when concentrated, potentially harmful to respiratory health.

A gas resulting from burning fossil fuels containing sulfur, contributing to air pollution and respiratory problems.

Fine particles smaller than 2.5 micrometers in diameter, able to penetrate deep into the lungs, associated with respiratory and cardiovascular issues.

Coarser particles with a diameter of 10 micrometers or smaller, contributing to air pollution and potential health problems.

The United States federal agency tasked with safeguarding human health and the environment by regulating pollutants and implementing environmental laws.

The UK government department responsible for overseeing environmental protection, food production, and rural affairs.

Cayman Islands Geographical Information

ISO2
: KY
ISO3
: CYM
Phone Code
: +1-345
Currency
: KYD
Population
: 68,136 (2021)

Learn More About Cayman Islands

Welcome to the Cayman Islands page on TrustLocale.com – your go-to platform for property reviewing services! The Cayman Islands, located in the western Caribbean Sea, are a British Overseas Territory that consists of three islands: Grand Cayman, Cayman Brac, and Little Cayman. These islands are famous for their stunning beaches, crystal-clear waters, and world-renowned scuba diving sites.

There are many reasons to consider buying a property in the Cayman Islands. One is the favorable tax environment that the islands offer. There are no direct taxes such as income, property, or capital gains taxes. This makes the islands an attractive location for investors and retirees looking to save on their taxes.

The Cayman Islands are also home to a large expat community, which creates a multicultural and diverse atmosphere. The islands offer a high standard of living with modern infrastructure and amenities that cater to residents' needs. There are plenty of activities to enjoy, such as dining, shopping, and cultural events.

In terms of real estate, the Cayman Islands offer a range of options, from luxurious beachfront villas to cozy condos. There are many reputable real estate agents on the islands who can help you find your dream property. Property prices are generally higher than other Caribbean destinations, but the quality of the property and the desirable location make it a worthwhile investment.

The Cayman Islands' government has put strict regulations in place to protect the islands' natural beauty, ensuring that development is carefully managed. This means that owning a property on the islands comes with the added benefit of living in a pristine environment with untouched beaches and natural habitats.

Overall, the Cayman Islands provide an ideal location for those seeking a tropical paradise with modern amenities, favorable tax laws, and a high standard of living. If you are considering investing in property in the Caribbean, the Cayman Islands should be at the top of your list.

Popular Questions About Cayman Islands

The cost of living in the Cayman Islands is relatively high, with prices for housing, groceries, and imported items being higher compared to many other countries.

Yes, foreigners are allowed to buy property in the Cayman Islands. However, certain restrictions and regulations apply, and it is recommended to consult a local lawyer for guidance.

The average property price in the Cayman Islands can vary significantly depending on location, size, and amenities. As of current data, it ranges from $300,000 to multiple millions of dollars.

Some of the popular areas to live in the Cayman Islands include Seven Mile Beach, West Bay, George Town, and South Sound. Each area offers its own unique features and attractions.

No, there are no property taxes in the Cayman Islands. However, there may be other fees and stamp duties involved in property transactions, which should be considered when purchasing real estate.

The process for buying property in the Cayman Islands involves hiring a local lawyer, conducting due diligence, signing a purchase agreement, and completing the registration process with the Land Registry.

While it is not mandatory to hire a real estate agent, it is highly recommended. A local agent can provide valuable insights, guide you through the process, and help you find suitable properties.

There are no restrictions on renting out properties in the Cayman Islands. Many property owners choose to rent out their homes as vacation rentals or long-term rentals to generate income.

The healthcare system in the Cayman Islands is of high quality, with modern facilities and trained professionals. Both public and private healthcare options are available for residents and visitors.

The Cayman Islands offer a range of popular outdoor activities, including snorkeling, diving, boating, fishing, and enjoying the pristine beaches. The islands are known for their crystal-clear waters and abundant marine life.