Cayman Islands, George Town

Country Full Name: Cayman Islands.

Location: The Cayman Islands (Overseas Territory of the UK) are a three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica.

Country Climate: Tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April).

Country Terrain: Low-lying limestone base surrounded by coral reefs.

Major Languages: English.

Major Religions: Christianity.

Population: 0.031 Mil (2012 est.).

Country Economy: The economy of the Cayman Islands is mainly fuelled by the tourism sector and by the financial services sector, together representing 70-80 percent of the country's gross domestic product (GDP). Caymanians enjoy one of the highest standards of living in the Caribbean.

Currency: Cayman Islands Dollar (KYD). Make an international currency transfer to the Cayman Islands.

Inflation: 2.3% (2011 est.).

George Town, Grand Cayman, is the capital of the Cayman Islands, in the British West Indies.

George Town is the heart of the Cayman Islands financial industry, with over 600 banks located there. Most of these are small one room operations, some having no physical location on the island at all. It also has cruise ship facilities and several shopping plazas.

The cost of living in George Town in Cayman Islands is very high compared to other places. The overall cost of living is determined using the prices for defined quantities of the same goods and services across 13 Basket Groups. George Town in Cayman Islands is currently ranked 117 overall out of 780 places (rank 1 is most expensive: rank 780 is least expensive). The cost of living rank for each of the 13 Basket Groups is as follows:

Alcohol & Tobacco costs are high compared to other places for items such as alcohol at a bar, beer, locally produced spirit, whiskey, wine (where alcohol is legally sold) and tobacco related products. There are 215 places that are more expensive, and 564 places that are less expensive for alcohol and or tobacco.

Clothing costs are very high compared to other places for items such as business suits, casual clothing, children's clothing, coats, evening wear, footwear, hats, shoe repairs and underwear. There are 116 places that are more expensive, and 663 places that are less expensive for clothing.

Communication costs are average compared to other places for various communication costs such as call charges, home telephone rental, internet connection, mobile data costs, mobile phone contract and service provider fees. There are 347 places that are more expensive, and 432 places that are less expensive for communication.

Education costs are very high compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 57 places that are more expensive, and 722 places that are less expensive for education.

Furniture & Appliance costs are high compared to other places for items such as DVD player, fridge freezer, furniture, household equipment, iron, kettle, light bulbs, microwave, television, toaster, vacuum cleaner and washing machine. There are 169 places that are more expensive, and 610 places that are less expensive for furniture and appliances.

Grocery costs are very high compared to other places for items such as baby consumables, baked goods, baking, canned foods, cheese, cleaning materials, cleaning products, dairy, fresh fruits, fresh vegetables, fruit juices, meat, oil & vinegars, pet food, pre-prepared meals, sauces, seafood, snacks, soft drinks, spices & herbs. There are 96 places that are more expensive, and 683 places that are less expensive for groceries.

Healthcare costs are high compared to other places for general healthcare, general practitioner consultation rates, healthcare/medical insurance, hospital private ward daily rate and non-prescription medicine. There are 179 places that are more expensive, and 600 places that are less expensive for healthcare.

Household Accommodation costs are high compared to other places for items such as accommodation, apartment, flat, house, villa, rent, electricity, household fuels, household gas, water, and local property rates / residential taxes / levies. There are 228 places that are more expensive, and 551 places that are less expensive for household accommodation.

Miscellaneous costs are very high compared to other places for items such as dry cleaning, general goods, general services, linen, magazines, maid, newspapers, office supplies, postage stamps and stationery. There are 137 places that are more expensive, and 642 places that are less expensive for miscellaneous items.

Personal Care costs are very high compared to other places for items such as cosmetics, hair care, moisturizer, nappies, pain relief tablets, shampoo, soap, sun block, toilet paper and toothpaste. There are 104 places that are more expensive, and 675 places that are less expensive for personal care.

Recreation and Culture costs are high compared to other places for items such as books, camera, cinema tickets, fitness/health club membership, sports goods and theatre tickets. There are 191 places that are more expensive, and 588 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are very high compared to other places for items such as a business dinner, dinner at a family restaurant (non fast food), 4 star and 5 star hotel rates and take away meal (fast food). There are 112 places that are more expensive, and 667 places that are less expensive for restaurants, meals out and hotels.

Transport costs are very high compared to other places for items such as car hire purchase, car insurance, car lease, car maintenance, car rental, car service, diesel, petrol, tyres and public transport. There are 153 places that are more expensive, and 626 places that are less expensive for transport.

Personalized cost of living indexes for George Town in Cayman Islands are based on the basket groups and comparison location(s) selected in the Calculators.

In terms of the hardship people are likely to experience, assessed in global terms, George Town in Cayman Islands is ranked as some hardship with a hardship index of 20%.

Personalized hardship index premiums for George Town in Cayman Islands are based on the comparison location(s) selected in the Calculators.

Note: Xpatulator.com data is updated quarterly. The latest update is as at 1 April 2012. Create a personalized cost of living comparison report using the calculators:
Salary Purchasing Power Parity Calculator
Cost of Living Index Calculator
Cost of Living Allowance Calculator