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 finance world, the Cayman Islands offer it all. Following are some points about what the cost of Living may be while Residing 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 rent or own your home? Do you want cable television? All of these things will be talked about below.
One of the major deciders that will play a major role in your cost of Residing 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 one will pay for a residence.
Being the most popular tourist destination, the Seven Mile Beach area fetches the steepest property prices. Located on the southern shore of Grand Cayman island, this crescent shaped piece of pristine sand draws many a family every year. This is the centre of the Caymanian tourist industry. Being a public beach, there are many eateries and small beach bars to visit as you walk along the beach.
If one wants to be close up and in the action at all times, look no farther than George Town, Grand Cayman, capitol of the Cayman Islands. Over 600 banks are based this area, and it is known as the centre of the Cayman Islands financial industry. If one is a business man, this area would be perfect for them as they would be close to all they need.
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 affordable. An investment in this area is one that you would sure not regret do to the increasing 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 water, sewer, trash pickup, insurance, cable, groceries and other basic Living expenses still need to be taken care of just the same as any other place.
Due to 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!
Martin Wynn
