Great Place to Live
Great Place to Be
We hope the practical information below is useful to you in assessing living and working in the Cayman Islands.
We have a new International Airport, with direct flights from London (1-hour stopover in Nassau, Bahamas) on BA and very easy access through the US, with up to 5 flights per day to Miami, as well as flights to Charlotte, Houston, Fort Lauderdale, New York and more). There are 55 flights per week from the Island. We are not isolated!
Like anywhere, it does depend on where you choose to live. If you choose to live in ocean-side locations, this raises costs, obviously. Seven Mile Beach area is the most expensive. Rent is comparable to nicer areas of London and Miami but tax-free status has to be taken into account. If you adjust for that then rents compare very favourably.
There is medium-priced accommodation in established developments like King’s Court, Britannia. It’s a lovely development, well-built, with tennis and a great pool, lots of green and by one of the canals (which have direct access to North Sound). It’s right in the heart of the Seven Mile corridor, close to restaurants and walking distance of the beach.
A 4-bedroom, very spacious condo here will cost around $4,800 KYD per month, which might feel expensive until you consider it against tax-free earnings. You can rent ocean-side, facing west for sunsets, from around $3,500 KYD per month.
Once you come off the coast, rents range from about $1,500 KYD upwards for a fairly modern 1-bed condo or apartment. There is a wide variety of accommodation types and many people accommodation share too.
Cost of Living & Standard of Living
The cost of living in Cayman is high compared to many places because
- Weekly grocery shopping +60% compared to UK
- Good restaurants + 40% compared to
- Fuel – 15% compared to UK (yes, it’s cheaper!)
- Beer, Coffee etc +20% compared to
- Clothing +50% compared to
UK(like for like quality)
- Phones, Internet etc + 70% compared to
However, that has to be weighed against zero taxation, which would instantly more than double even a like-for-like
Safety & security, including financial security
This is where Cayman comes into its own. Not only do we have a wonderful climate alongside a beautiful outdoor environment, we are blessed with a very buoyant economy, UK-based legal structure (including UK protection as a British Overseas Territory) and one of the lowest crime rates in the whole of the Caribbean. Half the population doesn’t even lock its cars!
We have a number of good private schools (expat children cannot attend Government schools) and children are able to follow either a US or a UK curriculum. The school fees compare extremely favorably to the UK and US (i.e. are generally less), even more so when tax-free status is considered too. The standard of education in the three main private schools is excellent. If you wanted to explore schools, the three main ones are:
- St Ignatius https://www.st-ignatius.com/ (UK Curriculum)
- Cayman Prep & High https://www.cayprep.edu.ky/Pages/Splash.aspx (English Curriculum)
- Cayman International School https://www.caymaninternationalschool.org/ (US Curriculum)
Some children in 6th Form go to boarding schools in the UK and US but certainly not for education standard reasons. It really comes down to personal choice.
We do not have a formal university here, and so most expat children return to the UK, US or elsewhere for university.
For a 22-mile island, it is actually difficult to describe just how much there is going on. Because our expat population is significant, there is an abundance of cultural, sporting and entertainment opportunities that go far beyond the more holiday-orientated activity. What sets it apart though is having the work-life balance to enjoy these things too.
It’s Western enough that you won’t miss any creature comforts and yet completely Caribbean too, resulting in a really healthy attitude to life, well-being and each other. Whether it’s a drink after work over sunset or days out on a boat, it’s very relaxed and friendly – a very social place and also very gentle. If you like a sense of community, we don’t think there is anywhere quite like it.