Cost of living comparison
Cayman Islands is 2.7 times more expensive than Panama.
If you lived in Cayman Islands instead of Panama, you would:
pay 2.4 times more for restaurants
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$25.60
KYD21.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$13.32
KYD11.14
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$3.73
KYD3.12
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$2.91
KYD2.43
|
|
pay 2.3 times more for groceries
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$4.97
KYD4.16
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$6.42
KYD5.37
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$10.93
KYD9.14
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$7.59
KYD6.35
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$5.68
KYD4.74
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$4.21
KYD3.52
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$2.08
KYD1.74
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$3.17
KYD2.65
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$3.42
KYD2.86
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$2.38
KYD1.99
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$2.38
KYD1.99
|
|
pay 2.2 times more for transportation
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$6.65
KYD5.56
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$29.82
KYD24.93
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$35,788.85
KYD29,915.97
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$63.62
KYD53.18
|
|
pay 3.5 times more for housing
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$111.35
KYD93.07
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$2,726.77
KYD2,279.31
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$1,977.92
KYD1,653.34
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$302.47
KYD252.83
|
|
pay 4.3 times more for childcare
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$1,465.64
KYD1,225.13
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$25,139.68
KYD21,014.31
|
|
pay 2.8 times more for entertainment and sports
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$7.56
KYD6.32
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$6.41
KYD5.36
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$13.12
KYD10.97
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$138.18
KYD115.51
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$17.89
KYD14.96
|
|
pay 68.4% more for clothing
|
Panama
|
Cayman Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$89.47
KYD74.79
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$70.09
KYD58.59
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$119.30
KYD99.72
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$137.19
KYD114.68
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Cayman Islands or Panama. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.