Cost of living
Cayman Islands compared to South Korea
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Overview comparison
Cayman IslandsSouth Korea
Consumer prices in Cayman Islands are roughly 26% higher than in South Korea.
Cost of living
| Item | Cayman Islands | South Korea |
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| Total with rent one person | 3,426 | 1,345 |
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| Total with rent family | 9,296 | 3,148 |
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| Without rent one person | 910 | 783 |
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| Without rent one family | 3,803 | 2,362 |
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| Rent & Utilities person | 2,924.94 | 497.99 |
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| Rent & Utilities family | 4,246.2 | 1,112.64 |
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| Food person | 877 | 484 |
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| Food family | 2,011 | 1,319 |
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| Transport person | 56.66 | 100.94 |
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| Transport family | 158.52 | 292.51 |
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| Life expectancy | 76 years | 87.03 years |
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Eating Out
| Item | Cayman Islands | South Korea |
|---|
| Lunch Menu | 33.45 | 5.48 |
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| Dinner in a Restaurant, for 2 | 73.22 | 35.1 |
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| Fast food meal, equiv. McDonald's | 18.45 | 5.76 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 6.66 | 3.49 |
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| Cappuccino | 7.17 | 3.27 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 4.24 | 1.47 |
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Rent & Utilities
| Item | Cayman Islands | South Korea |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 2,610.3 | 557.93 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 2,256.05 | 297.08 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 5,353.94 | 1,188.78 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 4,744.95 | 760.76 |
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| Utility Bill one person, electricity, heating, water, etc. | 145.91 | 99.45 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 215.28 | 161.15 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 109.46 | 17.95 |
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Transportation
| Item | Cayman Islands | South Korea |
|---|
| Local transport ticket | 6.29 | 4.74 |
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| Monthly ticket local transport | 9,169 | 11,423 |
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| Taxi Ride, 8 km or 5 mi | 4,422 | 8,058 |
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| Gas / Petrol, 1 L or 0.26 gal | 2.72 | 1.13 |
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| Mortgage Interest Rate for 20 Years | 30.12% | 40.45% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 23.04 | 9.72 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.81 | 1.44 |
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Groceries
| Item | Cayman Islands | South Korea |
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| Milk, 1 L or 1 qt | 1.95 | 1.86 |
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| Bread, 0.5 kg or 1.1 lb | 4.5 | 3.36 |
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| Eggs, x12 | 10.92 | 3.36 |
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| Cheese, 1 kg or 2.2 lb | 16.38 | 12.74 |
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| Chicken Breast, 1 kg or 2.2 lb | 16.97 | 9.03 |
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| Round Steak, 1 kg or 2.2 lb | 14.2 | 27.04 |
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| Banana, 1 kg or 2.2 lb | 4.62 | 3.23 |
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| Water, 1 L or 1 qt | 1.78 | 0.67 |
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Other
| Item | Cayman Islands | South Korea |
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| Gym Membership, 1 month | 82.58 | 50.16 |
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| Cinema Ticket, 1 person | 20.03 | 9.93 |
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| Doctors visit | 91.19 | 34.01 |
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| Haircut, simple | 20.08 | 7.81 |
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| Brand Jeans | 103.54 | 54.11 |
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| Brand Sneakers | 104.25 | 79.5 |
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| Daycare or Preschool, 1 month | 1,912.81 | 395.05 |
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| International Primary School, 1 year | 26,066 | 25,632 |
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