Cayman Islands Cost Of Living
Mar 14th 2013, 10:20 am
#1
Just Joined
Thread Starter
Joined: Mar 2013
Posts: 2
Cayman Islands Cost Of Living
Hi everyone, new member here.
I've had a look on CaymanNewResident but it's a long read and really only caters for a couple or a family.
Can someone provide an idiot brief guide to the cost of living for a single male aged 22?
I'm moving out in five weeks, salary is USD $75,000 and I'm looking to share a place rather than rent by myself.
In terms of what I'm like now, I don't spend all my money on clothe and gadgets and I'm into a simple life of socializing (Football, beers, swimming etc) so I don't spend much money outside of bills and socializing. (obviously some people buy new clothes every month and a new ipad every time they are released etc).
How comfortable do you think I can be on that salary? also, health insurance is a big one i'm not sure of the cost of.
Any help would be fantastic guys.
I've had a look on CaymanNewResident but it's a long read and really only caters for a couple or a family.
Can someone provide an idiot brief guide to the cost of living for a single male aged 22?
I'm moving out in five weeks, salary is USD $75,000 and I'm looking to share a place rather than rent by myself.
In terms of what I'm like now, I don't spend all my money on clothe and gadgets and I'm into a simple life of socializing (Football, beers, swimming etc) so I don't spend much money outside of bills and socializing. (obviously some people buy new clothes every month and a new ipad every time they are released etc).
How comfortable do you think I can be on that salary? also, health insurance is a big one i'm not sure of the cost of.
Any help would be fantastic guys.
Mar 14th 2013, 7:01 pm
#2
BE Forum Addict
Joined: May 2012
Location: Cayman Islands
Posts: 4,998
Re: Cayman Islands Cost Of Living
Your salary will be more than enough; you will be able to save a fair slice of it, if you want - maybe 30-40% of it, if you live carefully (although at 22, who does?). Your employer has to pay 50% of your health insurance; don't worry about it. Good second-hand cars are available for $4-5000 (that's US$5-6000) - RHD or LHD, at your option.
You can check out my blog if you want to learn a bit about the Island (its politics, social stresses, etc), but, really, it doesn't matter. Once you're here you'll find that it's a very comfortable life. I did the same thing long ago when I was in my 20s, in the Nassau tax-haven, and thought I'd died and gone to heaven.
You can check out my blog if you want to learn a bit about the Island (its politics, social stresses, etc), but, really, it doesn't matter. Once you're here you'll find that it's a very comfortable life. I did the same thing long ago when I was in my 20s, in the Nassau tax-haven, and thought I'd died and gone to heaven.
Mar 14th 2013, 7:12 pm
#3
Just Joined
Thread Starter
Joined: Mar 2013
Posts: 2
Re: Cayman Islands Cost Of Living
Your salary will be more than enough; you will be able to save a fair slice of it, if you want - maybe 30-40% of it, if you live carefully (although at 22, who does?). Your employer has to pay 50% of your health insurance; don't worry about it. Good second-hand cars are available for $4-5000 (that's US$5-6000) - RHD or LHD, at your option.
You can check out my blog if you want to learn a bit about the Island (its politics, social stresses, etc), but, really, it doesn't matter. Once you're here you'll find that it's a very comfortable life. I did the same thing long ago when I was in my 20s, in the Nassau tax-haven, and thought I'd died and gone to heaven.
You can check out my blog if you want to learn a bit about the Island (its politics, social stresses, etc), but, really, it doesn't matter. Once you're here you'll find that it's a very comfortable life. I did the same thing long ago when I was in my 20s, in the Nassau tax-haven, and thought I'd died and gone to heaven.
Mar 14th 2013, 7:53 pm
#4
BE Forum Addict
Joined: May 2012
Location: Cayman Islands
Posts: 4,998
Re: Cayman Islands Cost Of Living
Start-up until your first pay-cheque, including car, and sharing accommodation, maybe $7000 of our dollars, which are worth US$1.20 each. Flights from UK are normally paid by employers. They also usually put overseas recruits in a hotel for a few days to let you find your own accommodation. But your employers are in a position to tell you all this; and they have no reason to bullshit you. Give your contact a ring.
