You can live fairly inexpensively in Cayman without kids and just one car. And yes, despite what you have heard, it is possible to live in Cayman and carpool. Check out how much you can save!
Scenario 1: Couple
- Teacher earning CI$3,600 per month and an Administrator earning CI$3,500 per month
- 1 small, but reliable second-hand car
- 1-bedroom apartment in George Town
- Other expenses include dinner once a week
- Note: you may need to purchase two cars if you each need to work and live independent lifestyles
| Motor Vehicle Costs | CI Dollars |
|---|---|
| Purchase of a vehicle | $6,500 |
| Motor vehicle insurance (3rd party) | $450 |
| Drivers licences x 2 | $150 |
| Vehicle licensing/inspection | $215 |
| Total initial vehicle setup cost | $7,315 |
| Monthly Living Expenses | CI Dollars |
|---|---|
| Rent | $1,800 |
| Telephone + mobile | $120 |
| Water | $80 |
| Electricity | $250 |
| Internet | $140 |
| Petrol | $150 |
| Groceries | $800 |
| Entertainment/Other | $500 |
| Total monthly living expenses | $3,840 |
| Monthly Totals w/Compulsory Expenses | CI Dollars |
|---|---|
| Pension 5% | $355 |
| Health Insurance | $600 |
| Total Monthly Income | $7,100 |
| Total Monthly Expenses | $4,795 |