Cost of living in North Side
North Side, located in the Cayman Islands, is known for its serene beaches and vibrant culture. Understanding the cost of living here is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of expenses, from dining and groceries to transportation and housing, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $30.11 on average, with a range between $12.04 and $48.17.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $144.51, with prices ranging from $108.39 to $180.64.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $15.66, with a range between $12.64 and $18.06.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.61 to $9.63, imported beer $7.23 to $12.04, cappuccino $3.61 to $8.43, and Coke/Pepsi $2.41 to $5.42.
Grocery Prices
- Milk - Milk is priced between $1.81 and $4.64 per liter, averaging $3.1.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.04 and $7.23, with an average price of $5.02.
- Eggs (Dozen) - A dozen eggs range from $3.61 to $12.04, averaging $9.61.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.32 to $13.27 per kg, while oranges range from $5.31 to $13.25 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.41 and $7.96 per kg, and lettuce costs $2.41 to $12.04 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.64 and $2.37 per liter.
- Taxi Fares - Taxi fares start at $12.04, with a cost of $3.85 to $11.22 per km and $18.06 to $90.32 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $36,128.47 and $42,149.88, while a Toyota Corolla ranges from $32,515.63 to $36,128.47.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for preschool is between $1,204.28 and $1,806.42 monthly, averaging $1,617.18.
- International Primary School, Yearly for 1 Child - Yearly fees for international primary school range from $16,715.44 to $36,128.47, averaging $25,422.4.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $301.07 and $532.29, averaging $398.54.
- Internet - Internet services range from $96.34 to $144.51, with an average cost of $112.2.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $84.3 and $180.64, averaging $102.83.
Cost of Living Data
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Restaurants
Restaurants
Avg
Range
Meal, Inexpensive Restaurant
$30.11
Meal for 2 People, Mid-range Restaurant, Three-course
$144.51
McMeal at McDonalds (or Equivalent Combo Meal)
$15.66
Domestic Beer (0.5 liter draught)
$7.83
Imported Beer (0.33 liter bottle)
$9.03
Coke/Pepsi (0.33 liter bottle)
$3.84
Water (0.33 liter bottle)
$2.94
Cappuccino (regular)
$6.69
Markets
Markets
Avg
Range
Milk (regular), (1 liter)
$3.10
Loaf of Fresh White Bread (500g)
$5.02
Eggs (regular) (12)
$9.61
Local Cheese (1kg)
$12.97
Water (1.5 liter bottle)
$2.81
Bottle of Wine (Mid-Range)
$24.09
Domestic Beer (0.5 liter bottle)
$4.01
Imported Beer (0.33 liter bottle)
$5.32
Cigarettes 20 Pack (Marlboro)
$13.25
Chicken Fillets (1kg)
$14.98
Apples (1kg)
$10.46
Oranges (1kg)
$8.31
Potato (1kg)
$6.61
Lettuce (1 head)
$6.26
Rice (white), (1kg)
$5.92
Tomato (1kg)
$8.22
Banana (1kg)
$4.63
Onion (1kg)
$5.56
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$16.54
Transportation
Transportation
Avg
Range
Gasoline (1 liter)
$1.77
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$39,139.18
Taxi Start (Normal Tariff)
$18.06
Taxi 1km (Normal Tariff)
$6.02
Taxi 1hour Waiting (Normal Tariff)
$30.11
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$34,291.94
Utilities (Monthly)
Utilities (Monthly)
Avg
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$398.54
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$112.20
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$102.83
Sports And Leisure
Sports And Leisure
Avg
Range
Cinema, International Release, 1 Seat
$18.06
Clothing And Shoes
Clothing And Shoes
Avg
Range
1 Pair of Jeans (Levis 501 Or Similar)
$90.32
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$70.75
1 Pair of Nike Running Shoes (Mid-Range)
$129.46
1 Pair of Men Leather Business Shoes
$147.52
Salaries And Financing
Salaries And Financing
Avg
Range
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
7.75%
Childcare
Childcare
Avg
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$1,617.18
International Primary School, Yearly for 1 Child
$25,422.40
North Side Cost of Living
"Key Takeaways"
North Side offers a high cost of living, with significant expenses in dining and housing.
Transportation costs are also notable, especially for those relying on taxis or purchasing new vehicles.
Grocery prices are relatively high, reflecting the island's reliance on imports.
Conclusion
Living in North Side, Cayman Islands, presents a unique blend of tropical lifestyle and high living costs.
Prospective residents should budget carefully, particularly for dining, housing, and transportation.
Despite the expenses, the quality of life and natural beauty make it a desirable location for many.
North Side