The Cayman Islands - The Price Of Living here

Residing in the Cayman Islands is a relaxing, yet exciting, life.  From the cool ocean breezes and the soft sound from the steel drum band, to the hustle and bustle of the banking world, the Cayman Islands offers it all.  Following are some points about what the cost of Living may be while Living in the Cayman Islands.

A couple of things that need to be taken into consideration before discussing a cost of Living in the Cayman Islands is what kind of situation you are in.  Do you have youngsters that will be Living with you?  Do you want to own a vehicle? Do you want to rent or own your place?  Do you want satellite television?  All of these things will be discussed below.

One of the major deciders that will play a big role in your cost of Living expenses will be where you reside.  Just as with anywhere else, location is the name of the game on the Cayman Islands, and the better location to the central hub of activity, the higher you will pay for a property. 

For those that want to get away from the excitement of Seven Mile Beach, the Snug Harbor area still offers refined Living in a more quiet setting.  Only being 3.5 miles away from Seven Mile Beach keeps Snug Harbor properties consistently in the higher price bracket for houses.  There are fantastic bed and breakfasts scattered throughout the area if one is interested in seeing for themselves the charm that this beautiful area has to offer.

Comparable in price and atmosphere is the South Sound area of Grand Cayman.  South Sound offers easy access to schools for your children, various clubs to join and a high standard of Living.  A five-minute drive from all of the cultural and business hubs on the islands makes this an ideal place to bring your family.

One of the quickly up-and-coming areas of the island is the Prospect Park/Savannah area.  This area has been growing with commercial and real estate development so now is the time to grab a place while the prices are still on the low side.  An investment in this area is one that you would sure not regret do to the exploding potential for growth.

Now that the major areas and price expectancies are covered, it s time to cover amenities.  Things like a car, services such as gas, sewer, trash pickup, insurance, satellite, groceries and other basic Living expenses still need to be taken care of just the same as any other place.

Because of the remote locale of the Cayman Islands, shipping a vehicle in can be quite impractical and expensive.  It is often recommended that people buy a car on island if they expect to remain there for a while.  Pricing of decent vehicles bought on the island is comparable to prices in the U.S. 

Of course, if one buys a vehicle, then they will also need the appropriate insurance for it.  The insurance is a preventative measure in case the unforeseen happens.  This way, the owner doesn t have to pay the full price, out-of-pocket for whatever incident may occur. 

Just like every other place in the world, the Cayman Islands require that its residents be licensed through their local governing agencies in the operation on motor vehicles.  This is another cost of Living expense that needs to be taken into account when considering a move to the Cayman Islands.  Also, one would need to properly register their vehicle so it is legal.

This should give you a basic idea of how the cost of Living might look if considering a move to the Cayman Islands.  Looking at the different areas to live should help gauge your needs and expectations of what you want to get out of your island life experience.  From the center of the action, to the quiet life on the outskirts, The Cayman islands are sure to offer something for people of every taste.  So check out your move to the Cayman Islands today!