Cost of living
Cayman Islands compared to Panama
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Overview comparison
Cayman IslandsPanama
Consumer prices in Cayman Islands are roughly 65% higher than in Panama.
Cost of living
| Item | Cayman Islands | Panama |
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| Total with rent one person | 3,426 | 1,201 |
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| Total with rent family | 9,296 | 2,678 |
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| Without rent one person | 910 | 562 |
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| Without rent one family | 3,803 | 1,566 |
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| Rent & Utilities person | 2,924.94 | 669.36 |
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| Rent & Utilities family | 4,246.2 | 1,309.05 |
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| Food person | 877 | 377 |
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| Food family | 2,011 | 1,074 |
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| Transport person | 56.66 | 58.98 |
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| Transport family | 158.52 | 192.18 |
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| Life expectancy | 80.54 years | 79.78 years |
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Eating Out
| Item | Cayman Islands | Panama |
|---|
| Lunch Menu | 33.45 | 10.31 |
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| Dinner in a Restaurant, for 2 | 73.22 | 59.15 |
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| Fast food meal, equiv. McDonald's | 18.45 | 7.85 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 6.66 | 2.7 |
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| Cappuccino | 7.17 | 3.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 4.24 | 2.23 |
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Rent & Utilities
| Item | Cayman Islands | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 2,610.3 | 650.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 2,256.05 | 456.58 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 5,353.94 | 1,210.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 4,744.95 | 817.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 145.91 | 75.55 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 215.28 | 130.39 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 109.46 | 50.51 |
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Transportation
| Item | Cayman Islands | Panama |
|---|
| Local transport ticket | 6.29 | 7.31 |
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| Gas / Petrol, 1 L or 0.26 gal | 2.72 | 0.42 |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 23.04 | 12.21 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.81 | 1.2 |
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Groceries
| Item | Cayman Islands | Panama |
|---|
| Milk, 1 L or 1 qt | 1.95 | 1.52 |
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| Bread, 0.5 kg or 1.1 lb | 4.5 | 2.16 |
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| Eggs, x12 | 10.92 | 2.26 |
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| Cheese, 1 kg or 2.2 lb | 16.38 | 10.81 |
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| Chicken Breast, 1 kg or 2.2 lb | 16.97 | 7.83 |
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| Round Steak, 1 kg or 2.2 lb | 14.2 | 8.5 |
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| Banana, 1 kg or 2.2 lb | 4.62 | 1.73 |
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| Water, 1 L or 1 qt | 1.78 | 0.98 |
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Other
| Item | Cayman Islands | Panama |
|---|
| Gym Membership, 1 month | 82.58 | 34.98 |
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| Cinema Ticket, 1 person | 20.03 | 6.51 |
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| Doctors visit | 91.19 | 54.26 |
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| Haircut, simple | 20.08 | 11.87 |
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| Brand Jeans | 103.54 | 45.6 |
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| Brand Sneakers | 104.25 | 95.92 |
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| Daycare or Preschool, 1 month | 1,912.81 | 438.62 |
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| International Primary School, 1 year | 26,066 | 11,151 |
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