International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).

Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.

International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).

International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

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The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Cost of Living Comparison by City and Country

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Cayman Islands, George Town

Cayman Islands, George TownGeorge 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 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. The climate is tropical marine with warm, rainy summers and cool, relatively dry winters.

The official language is English. The main religion is Christianity.

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.

Business dress is generally conservative, comprising a lightweight suit for business meetings. Business meetings are generally conducted in English. Women hold position at the highest levels.

The security risk for expatriates in the Cayman Islands is low. The risk of crime is low. Other risks include hurricanes and tropical storms.

The currency of the Cayman Islands is the Cayman Islands Dollar (KYD) which is fixed to the US Dollar. All major credit cards are accepted in hotels, restaurants and local shops.

Medical facilities are good, however the cost of treatment for expatriates can be high. Serious or complex medical treatment may require evacuation which can be expensive. Cases of Chikungunya virus have been reported.

The population of George Town is 31,000 (2018 est.), while the inflation rate (CPI) is 2.1% for the Cayman Islands as at December 2017.

For a single Expat, the personal income tax rate in the Cayman Islands is 0% as there is currently no personal income tax.

Cost Of Living

The cost of living for expatriates / professional migrants in George Town as at 1 April 2018 is very high in comparison to other places in the world.

In George Town, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Very High
2) Clothing: Very High
3) Communication: Very High
4) Education: Very High
5) Furniture & Appliances: Average
6) Groceries: Very High
7) Healthcare: High
8) Household Accommodation: Very High
9) Miscellaneous: Average
10) Personal Care: High
11) Recreation & Culture: High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Very High

George Town is for example 119.2% more expensive than Houston TX for groceries, 58.9% more expensive for household costs than Kuala Lumpur, and 97.9% more expensive for transport costs than Dubai.

George Town is ranked as a some hardship location.

The hardship premium for George Town for an expat from Perth, is for example 10%, i.e. host location (George Town) premium of 20% minus home (Perth) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in George Town? Register subscribe to your home location and George Town and run your personalised reports.