GRAND CAYMAN Cost of Living // Can you afford to live in paradise?
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- Опубликовано: 22 авг 2024
- Ever wanted to live in Grand Cayman? Let me show you some data that may help you to decide whether or not it is feasible for you.
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Fiero - Le Jazz Cafe
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Good idea to make this video. I've spent much time in the Caribbean and for sure, many people do not realize how much things cost there, especially in a place like the Caymans where there is practically no food production. In fact, no production of anything at all. Very good and informed video.
Thank you, Fredrick! That’s really all I hope to help people realize before moving! Not that you can’t enjoy it, just that you should be prepared for it 😃
Thanks for watching & commenting!
a trick: you can watch series on flixzone. Been using them for watching all kinds of movies during the lockdown.
@Alec Gerardo Yea, have been watching on flixzone for months myself :D
"Welcome to paradise - it's going to cost you" haha 😂
Well I live in Switzerland soo isn't much a different and you have a beach and better weather
CI isn’t a developed country so you can’t compare it Switzerland
@Brian Abisdid cuz few ultra billionaires live in CI while the locals are poor. It’s not a real country.
@@constancekang9914
I Wouldn't say poor at all..
@@constancekang9914 CI is a first world country, only 1.7% live in poverty, you should do research before commenting. I assume you don't live on the Island and have never been.
@@leonhenry4861, First of all, CI is technically a territory, not a country. and quote "the Bahamas, British Virgin Islands, and Cayman Islands are developing countries" just google yourself! And lastly, my family owns a private island in Europe, it's not that expensive anyway.
I’m a Jamaican living in Atlanta GA, and cannot wait to move there. My dad was living there for 40 yrs. retired and went back home.. so I’m looking into now see how I can make it a little easy on me to get there. O and I know it’s expensive and it’s just me..
Very good advice. You are a very honest and nice person. I have been to Cayman Islands several times, it is indeed very expensive. It’s safe and has beautiful beaches. But I am a city girl, I like the convenience of having a 24 hour CVS around the corner. If I need something, I can just walk there in three minutes. I have only stayed at seven miles beach so I don’t know about other areas. It’s definitely difficult to get something. It’s good to stay a week or two, but if I lived there year round, I would have to go back to New York City at least every six month.
Thanks for sharing Jazzimm, very educational I would love to see more videos like this. Keep up the great work 👍
Thanks for the feedback! I'm glad you enjoyed it :)
Hi Jazz, My wife and I are going to be coming down every four months, for a special shot she has to have. Her union in the States is paying for the flight and Resort, plus some money to spend, because the meds are so cheap down there! Our first time, was Nov 15th thru Nov 18th, and we had a good time, enjoying the weather. The price of food and drinks, did shock me, but we're only here for three full days, so let's splurge! I seen tour other video from last year about the free beach, but we will be staying at the Margaritaville Resort. We plan other things next time in March. We also get to use a CI cel phone while there. We're from N.East Ohio, close to Lake Erie.
That’s great! I’m glad you found my videos helpful! I hope you enjoy your trips - our health care here is excellent! 🙂
Great vid love! Very educational and eye opening
Thanks babe :) I hope people find it helpful!
US taxes ALONE are putting whole families on the streets! A slight price hike on essentials with NO TAXES seems like a pretty even trade! Also, once you buy your house, you 100% own it, from what I've) learned.
Where on earth you don’t own the house you bought except China?
Winter are so bad I won't care I'm tired of the cold weather 😒
I guess they pass on a percentage of the cost of importing goods plus their profit margins to the customer....however like you said that is offset by the joys of living in paradise.
You hit the nail on the head! Still worth living there, if a beach paradise is your thing :)
This place ain't paradise
Enjoy your Cayman videos...I think I'd have to give up chips & soda for sure! We are stopping at the port in November and because of your helpful videos, we plan to spend the day at beautiful 7-mile beach & are very much looking forward to it. In your opinion, how would you rate the cost of a good meal at a restaurant beach? How is the weather mid November? Keep up the great videos. Hello from East Tennessee!
Hello! And thanks for your comment! :) November should be lovely! We start getting what we call "Christmas breeze" around November, meaning the air starts to cool off a bit with the winter breezes blowing in, so it's much nicer weather to walk around and explore. The water will be a bit cooler, but could probably still seem warm compared to some of the lakes you might be used to in Tennessee lol.
As for the food, it's usually very good and honestly I'd recommend it. Anytime I go somewhere new, I always like to try out the local cuisine and I always think it's worth the adventure just to try!
If you're taking my "do 7 mile beach for free" tips, then you can always grab a take-out meal from the Caribbean Kitchen or somewhere local like that in town (Caribbean Kitchen is right across the street from the port - it's sort of attached to the museum. Ask anyone working at the port and they can point you towards it), and then catch a cab up to a beach access point. Those of us who live here often bring a bucket of KFC or some takeout food to the beach with us, rather than buying food at a beach bar. BUT if you do decide to buy food at the beach bar, you still won't regret it. They know what they're doing when it comes to food here!!
As far as the beach bars go, Royal Palms is still my fav (if my videos don't make that obvious enough lol). I love the jerk chicken & mango salad there!
Enjoy your trip planning, and let me know if you have any other questions :)
@@JasmineDreams thank you for your response. I'm really hoping it's warm/hot enough to swim in the ocean! We've had a rainy Summer here in the Smoky Mountains of East Tennessee. My hubby is from Honduras, he's an adventurous eater so we will definitely try the local cuisine. We just love your 7-mile videos. Thanks for sharing a glimpse of paradise with us.
It's expensive to live here. If you are comfortable where you are I would highly suggest to enjoy it and stay. Paradise is great, but everything is very, VERY expensive. 400 light bills, 200 water bill, rent for a room, not a studio, a room can cost you a thousand dollars, and if youre seeking a home prepare to pay 2500 and up depending on location. Food is literally, just a question mark. If you're going to eat you will spend money, especially if you love takeout. I'm in admin, and I literally will spend 1200 on food a month and not think a thing of it because it's just, normal... but hey, I'm a local so this has been like this all my life, but if you are thinking of moving here, please consider the cost of living. People have gotten stuck here because they legit cant afford to leave. ( oh and gas prices? Lmao you will cry your eyeballs out. Almost 5 dollars a gallon)
Doing a Goggle search gas now is $CAY 8.00 . gallon now and $5CDN SO slightly more. However, How long does a tank last in Cayman. Do not have to put up with the QEW there. Can get up there with the ETR
Really nice video,not much information is out there about living and moving to the Cayman islands, tis why hubby and I did a two part video explaining every aspect of moving and living to cayman,jobs and their incomes💞Keep sharing
Can I get a link to your video please ?
im not sure if dying in the heat everytime you walk out the door is paradise, but hey each to their own
Better than dying in the streets of Toronto . Crime rate going up like crazy. I have lived in Canada all my life and to be honest I would put up with a little extra cost for safety
Hello my friend ! And you are comparing prices with the more inexpensive store ,compare with Kirk supermarket then you will realize the price is even higher ♥️🙏
Kirk is CRAZY expensive! I once seen tuna steaks for something like $24 CI per pound. In NYC they are about $9 U.S.per pound.
I'll definitely have to do a price comparison at Kirk!! That will REALLY shock people haha!
Please came to little Cayman and Cayman Brac so can do the same video price are true the roof but it so peaceful here ❤️🤗
I would love to!! Hopefully soon, once I get my vaccine :)
Thanks for doing this one. We live in West Bay and have always wondered about these numbers. Thanks for the websites.
You're very welcome! I'm glad you found it helpful! :)
I came for vacation a few times and petroleum is crazy expensive
Oh yeah!! "Crazy expensive" is right!!
Thank Jazzimm ND yes a, looking forward to living in Canada. The information was really helpful and am looking forward to more . Joseph from Kenya
Loved your video by the way
About the same prices as in Belgium, but we pay +50% income tax on top of that. Cayman Islands looks perfect for the well to do online entrepreneur & investor, because the taxes on food & luxuries are a degressive tax while avoiding progressive income taxes.
Just be aware - this video was made a couple of years ago and the cost of living has increased a lot since then because of the pandemic. Groceries are at an all-time high. Many people are reporting their utility bills going up by hundreds of dollars per month even though they are reducing their usage. It’s kind of crazy right now.
(And what you save on income tax is just built in to things you buy retail, since import taxes are most of what the island is relying on right now without tourism back to normal… so import duties are how the government there is getting most of its revenue, and the businesses that import products just pass that cost on to the end consumer)
Edit to reply to his edit:
The fact that this man is ok with degressive taxes (taxes that only affect the poor and not the rich) tells you exactly what kind of people are defending and arguing in favor of the way things are in Cayman. Just a pro tip for anyone reading these comments later on. If you’re an average person “degressive” taxes are not good for you… they’re only good for the wealthy and those types of taxes and tariffs are the reason why life is becoming so unaffordable for anyone in the middle class and below.
Pretty soon, the 1% will come to cayman and have to make their own food and serve their own drinks, because these “degressive taxes” will price out all of the working-class people who make it such a fun place for the wealthy to live.
They literally want modern-day slavery, and that’s exactly what minimum wage work in places like cayman is becoming specifically because of “degressive taxes” and other such policies that guys like this are so in favor of.
Belgium has it right taxing the wealthy for up to 50% of their income, and Cayman should take note. This guy in his designer suit in his profile pic doesn’t seem to exactly be hurting because of it.
1. In addition to the transportation costs, I think the import tax is around 22%. And most everything is imported. Advocate for a repeal of the import tax.
2. Ideally, there would be no minimum wage. The higher it is, the higher the unemployment. A minimum wage law doesn't require anyone to hire anyone. It forbids the employer from paying below a certain amount, which creates unemployment for teens, young adults, and people who are looking for their first job. Think about it. If the minimum wage magically creates prosperity by decree, then make the minimum wage $1,000 an hour. Right?
I noticed this video is about 3 years old. As a fellow Canadian I am curious to see how it compares now since our economy is not that great due to carbon taxes raising the cost of everything
I’ll be visiting later this year and will have to do a quick update video when I do. It’s been a popular request and prices have definitely gone up there too, from what my fam has said! Almost everything is imported, so it’s inevitable that whatever increases the mainland sees, the islands see that plus shipping & import fees. And that cascades to everything from rent to groceries to gas to movie tickets. I would never advise anyone to NOT experience living abroad but definitely research and be prepared for the cost of wherever you choose :)
Amazing Video- Great resources! Thank you for sharing.
Also depends on how you want to live. We have a huge ex pat population from third world countries who manage to work and live and send money home to their families. So it can be done.
I wasn't trying to suggest that it can't be done, but it also needs to be noted that most of my expat friends there from India or the Philippines in those low-wage jobs do manage to send money home to their families, but they are also (in MANY cases) living with large amounts of people in tiny apartments, often without the landlord's knowledge or approval. I've seen up tot 13 people in a 2-bedroom unit in Cayman. I'm not saying this with judgement, I just think anyone thinking of moving needs to know the realities. I wouldn't want to lead someone to believe that they can have a nice big apartment to themselves on that kind of salary and be able to send money back home. It simply isn't realistic. So yes, it depends on how you want to live. But they need these facts in order to figure out what that reality might look like for them.
smooth beat
As someone from Vancouver Canada I can absolutely guarantee there is no way in hell Cayman is 50% higher in real estate. The opposite is true. Plus Canada has tax on EVERYTHING. Be careful where you get your numbers. Plus you have to factor in wage rates. Being on an island is expensive but it's getting expensive all over because of inflation. Mainland USA is one of the cheaper places to live (and compare to)
Lol I have lived in the most expensive city in Ontario (Toronto, also Oakville and Burlington) and BC (Vancouver). And I never lived there long but I also spent some time in LA and NY. I’m fairly sure I have the perspective to share on this topic. Trust me when I say - what is said in the video is true. Based on the sources and based on my own experience as a middle class earner in all of these different cities.
Cost of living (housing, goods, groceries, clothing, gas, etc) is much more expensive here in Grand Cayman. Feel free to look it up yourself. Cost of living is higher and majority of people are making wages much comparably lower than Canada (though some jobs in finance specifically may make more, that’s not the majority). The dollar is worth more, yes, but I pay for my groceries in Cayman dollars at the Cayman prices lol. If I could live here and make Cayman dollars but buy groceries and pay rent in US or in Canadian prices/dollars I’d be golden 😂 but that’s not the reality.
I do appreciate your comment though. It’s easy when living in Vancouver to think it couldn’t possibly get more expensive than that 😂
Very pretty! Thanks for the video!
Thanks for watching!
Omg so so expensive.. I live here long .. so true
I'm sure you know from experience!! But we get by :)
Thanks for watching!
Is it expensive like Singapore
So as a Canadian I ask this question . With the increase cost of goods in Canada how would grocery prices compare now. Also is cost of living factored in with all levels of taxes that you have to pay in Canada ( Income sales and property)
Any increases you see in Canada or the USA will be 2-3x worse in Cayman. The consumer not only has to pay those increased prices, but also the increased cost to import those goods that you’re paying for to the island, plus the cost of duties (import taxes). The grocery stores, restaurants, shops, etc. always pass those expensive fees on to the consumer by increasing prices to cover them. So, yes, if I did an update video on this topic now it would still be way more expensive than Canada is now.
Your taxes in Canada also cover most health care needs (I am Canadian so I’m aware that it doesn’t cover everything, but it covers a lot). I paid less in taxes in Canada than I paid for health care in Cayman - same salary.
People are always looking for loopholes in my videos on this topic but I’m really just trying to make y’all aware of the very expensive reality of life in Cayman. Believe me or not, whatever you want. Do with this information what you will 🤷🏽♀️
Ok that is a good perspective. So basically what gives in on had gives and the other hand takes . Forgive me if it sounded like i was looking for a loophole. Just wondering if at the end of the year which country leaves you with more money . So I appreciate you replying . As you know lots of items in Canada have shot up in price due to carbon taxes. Everything in the supply chain has fallen victim to that . As per health care, Is i quicker to get an appointment than in Canada . I currently live on the other end of the Lake in Kingston where things like accommodations and car insurance are cheaper. I assume you are making price comparisons to the Toronto / Oakville areas.
I live on Cayman Brac and it is VERY expensive😂
Oh yeah, I've heard it's even worse over there!
Lets not forget mosquito spray, you are contently scratching. I do love 7 mile beach when my wife and I go on cruises and I keep bugging my wife to move over there. But now with this video, I guess its not going to happen. Thanks nice video
papo guevara it’s possible if you really want to do it! I think it’s just important to be aware and plan for all of the realities :)
Only someone from California, New York, and New Jersey can afford to live in Grand Cayman. I'm a Californian, living in New Jersey, so I'm currently looking to move there.
marcel london Best of luck with the move! It definitely helps to adjust if you are already used to a high cost of living. That said, make sure you plan for exchanging your money into KYD$ ... that part can be a shock to the system when you exchange your USD to the expensive Cayman dollar lol
How much does it cost to rent a house in the cheapest areas of the state where you live in Cayman Islands? Greetings from United Kingdom !!
700 pounds for 1 bedroom.
Places like eastern avenue, school road etc, windsor park all in George town u can get rooms for like 500kyd to 600kyd ......... foster supermaket is one of the best place to purchase food items. Cayman is very nice /clean island for work and relaxation........
It's good that Caymen is so expensive... very few people have luxury to live there...look here in comments.. how people are excited to visit caymen.
Hi. Are you still living there? I’m relocating to Georgetown next month from Canada for work. I’d love some advice. Btw great video thank you.
It's perfect for ceos/chairmans and directors
Great Video Jazz !! Very Real.. Living in Paradise Is Worth It Tho. But yeah the min wage thing Is Messed Up with Cayman #1 on Most Expensive Country to Live in... Somebody needs to Change that..$$$
Agreed!
hi jas how about fresh fruit and veggie farmers stands?..on or off the road?.
Cayman have enough farm there so you would be ok.
@@inchargenow320
😂theres no farm in cayman everything is imported
You need to open up a business.... Something with small boat to give rides to tourists perhaps?
Can u bring your own stuff like tissue etc ship it I was think of move
Love that both Norway and Denmark made top 10 in 2019 haha (this is from a Swede). Looking at mid 2020 they both crack top 6, geez (Sweden at 22).
Income tax was not considered here. Yes expensive price to price basis comparison. But calculate one income taxes and you will know the real number.
lol my monthly cost of insurance on the paycheck I was using as an example (and health insurance is a mandatory cost that almost all employers pass on to the employee in Cayman), and the cost of the insurance was almost exactly equal to what I was paying in income tax on each paycheck in Canada... only in Canada those paychecks added up to $60,000 CAD yearly, and in Cayman I was paying just as much on a paycheck that only added up to $20,000 yearly. (as a side-note, my out-of-pocket insurance costs were only about $14/month in Canada, so that's why I didn't bother to include that comparison, but there it is if you want it).
You can feel free to check out other comment threads on this video for more on the income tax argument, but I stand firm on what I said in the video. Cayman is more expensive by far.
I live now in Oslo and I'm thinking about moving to Carribean (most wanted to Cayman Islands)
Yes, but you don't have income tax and sale taxes. It's not all that bad as this girl make it out to be!
so the price increases from food and supplies is offset by the lack of property taxes.
...and there's no income tax, either!
sounds like it's cheaper to live in paradise than california.
problem with those percent based comparisons is that they are not helpful. i would rather to see average cost of expenses of say family of 4 (counting education, health care, rent, groceries and other required expenses). Because percent difference only good when you comparing lower end of payscale. If you talk about someone who makes 150k and pays 70k in taxes in Canada on that, then spending 20-30k extra on living expenses in Cayman islands and not paying income tax is becomming a very good deal.
mbchudno I was sharing my own personal experience. I don’t have a family of 4 so I couldn’t begin to estimate what the average for that would be in other places. I’m sure you could take the costs of the basics and get an idea of how much more those basics are, and give yourself an average % you could expect your grocery bill to be increased in Cayman. Also, these prices change all of the time (usually going up) as shopping costs and duty costs change, so it’s just intended to illustrate that you need to expect your day-to-day expenses to be more in general.
All these comments of people expecting me to do every single video in a way that is tailored specifically to them crack me up. I have a full time job and do this for fun lol. You’re welcome for the fact that I shared info that no other Cayman RUclipsd has bothered to. 😆
mbchudno I will say, though, my aunt moved to Cayman with 2 children and complained every week about how much more things cost. My parents have a combined income of about 150k in Cayman and also complain about how much more things cost. I say this to all of the commenters who do mental gymnastics to try to convince themselves that living in Cayman will be cheaper - good luck. I hope it works out that way for you, but not a single person that I know would say that they found Cayman cost of living cheaper than wherever they came from. But they go there for other reasons, so they don’t care.
Hi, am from the Cayman Islands, Grand Cayman- the big island You are right. That's why the birth rate is going down.
I really want to live in Grand Cayman so bad. I am a Spanish Teacher/Translator
Hola!
Can you buy things online when you are in Cayman
I'll be there new year's Eve .. hopefully I get to say hi
I hope you enjoy your visit and your new years celebration!
@@JasmineDreams hello
Thanks for your videos just got my work permit application submitted and wow it’s good to know. I new it’s was expensive just didn’t think food was up so hi. The good thing is the company that hired me is supplying housing for me. Hopefully I can save some of the money I am working for lol. Still love CI can’t wait to get to paradise. Thanks again.
Kai’s RUclips Life good luck!!
Can I ask you which company you contacted to?
I'd love to work there !
Thank you in advance for your help
That Numbeo chart of cost of living is definitely not very accurate. I have lived in and visited several countries. For one thing. Germany is much less expensive than USA and UK. iUK is much higher than USA. And Japan is much less than USA. South Korea is cheap too. The most expensive countries are Switzerland and Scandinavian countries. All Asian countries have very cheap places where less affluent people can buy necessities and save some money. So on surface they may look expensive but in reality it’s quite affordable if you don’t make minimum wage. The survey is done by local people entering data. And most poor people don’t have time to do it. So the data only show what non poor people entered. So in countries where the gap between the rich and the poor is huge, the data will be less accurate.
Lots of variables. When I was in Vietnam (2001) you could get beer ( converted to CDN) $0.20 in on place and another place $6.00 al depends where you go .
It looks to me like %50 more than the USA. Now we have to balance all cost of living against a normal job🤔
Why are you so adorable?!
Hi Mam , I'm about to get an offer of 72k USD in cayman Island, I'm a bachelor, is it a decent pay? Will it be possible to save any money with that pay in Cayman Islands?
I want to go 6th form
I need an apartment 😔
It’s so expensive here in cayman
Living in the UK with American lifestyle and accent
Hi gorgeous thank you for your videos. I may will be moving to Cayman Island as a Hairdresser, so I am wondering about wages there. Could you make a video about it?
I will have soon an online interview with eventually my future boss.
It will be nice a video about how it works over there. Thete is not a such thing too much Information.
Thsnk you beautiful 😊
Hi Sandra please advise how did you get a job as a hair dresser, am a massage therapist looking for a job in cayman, how do I find on? Thanks
Jazzimm this is a great video! the prices that you showed at the beginning of the video, the currency is dollar or cayman dollar? Thank you!
KYD prices only. Cayman will accept USD but it's in no way our primary currency. Tourist shops do tend to place things in USD prices to make things easier for travelers but that's about it.
@@JasmineAidaJacksonX3 Thank you so much for the answer. I´m going to have it in mind when i go to visit the island in November. You were very helpfull. :)
@@lucilapesce3489 No problem (:
So a Canadian do you convert all your money to Cayman $ or US $. The bank i deal with in Canada has a brank in Cayman. Can you open a Cayman account and directly transfer over. My guess ( feel free to correct me) would be to convert a large portion to Cayman $
Great video thanks
I'm moving there next month for a new position.
So, how has it been?
I love my African Cayman Islander bros & sisters but the Cayman Islands should completely abolish their minimum wage. An almost free market is what makes the Cayman Islands great
Island is way too expensive and everything in usa dollars. These prices are higher than nyc. Been to is island twice. Best beaches but way too costly otherwise for everything
The USA dollars with her majesty on it.
A lot of the stores and restaurants do price things in US dollars, yes. Mostly because the majority of our visitors come from the US and it makes it convenient for them to not have to exchange their currency before visiting. Cayman does have its own dollar, but things still feel just as expensive when you pay in Cayman $$ lol.
The cost being so high has mostly to do with the fact that most items have to be shipped to the island, and we don't have a giant population to enjoy the discounts countries/businesses can get when they buy in bulk... so as a result, things are very expensive. But that's the price you pay to be on a tiny island in the Caribbean!
@@JasmineDreams yea. How do natives survive? What are salaries like out there?
I live in Chicago cost a living is pretty much the same
Average gas prices (adjusted to $USD for an apples-to-apples comparison) are around $3.79-ish/gallon in Chicago at this exact moment. It's $4.76/gallon in Cayman right now. The grocery markup is always similar to the gas markup, so I'll leave it at that. For further context, minimum wage in Chicago is $13.50-$14/hour (and $8.10 for tipped workers). Minimum wage in Cayman is $6/hour ($4.50 for tipped workers).
If you're a high-paid financial advisor to the 1% (or some other such high earning position), you would probably feel like it's comparable to somewhere like Chicago, or maybe even more lucrative. But for the middle class and below, it's a struggle.
Honestly everything in the Caribbean is expensive
Is there an app to order food during my quarantine or grocery?
Just call around and see which of your fav restaurants offer delivery. It'll be cheaper than going through sites like Fine Dine In or the other one that I can't remember right now. Those sites charge like a $10 delivery fee, which is crazy. The restaurants charge less for their independent delivery and the money goes directly to the restaurant & driver :)
Is it easy to get a spa job in cayman as a foreigner?
It's all about finding the right job at the right time. Lots of spas and medical settings bring in foreign workers if there isn't a Caymanian who is qualified for the role. You can reach out to employment agencies on the island, as some may be able to help. I also offer a weekly newsletter with job postings and tips to my top tier Patreons. Best of luck on your job hunt, and thanks for watching & commenting! :)
YIKES!!!
They take food stamps😁
Nope
Does amazon deliver there ?
Lol this is so normal coming from the Bahamas. Price wise I mean...
Yeah groceries and stuff can be pretty comparable across parts of the Caribbean. Have you guys also seen your utility bills go up by hundreds of dollars per month over the past year?
Still moving
Same 😂😂
hey, do it! I still did it in spite of the pricy reality haha. It was worth it :)
pls advise
Great video. Hope to move there soon ... see you down the beach 🏖
What is sales tax? What is the currency?
No sale tax
does it match the Income rates??
ABSOLUTELY NOT! You sure as hell better be very well-off or have high income coming in elsewhere, before you get there. The workers there live like slaves.
Sorry, I'm in New Jersey, USA. Americans are required pay U.S. taxes no matter where the money is earn on top of the taxes paid elsewhere. It's likely to cost U.S. $20K/ month to live in the Caymans comfortably.
Paul's comments above are not wrong. Service work here doesn't pay much (minimum wage is about $6/hour and employers are not willing to pay more if they don't have to). Bartenders do ok at popular spots, but only because of tips. Retail, food service, and any other entry level job is not worth it down here (in my opinion). Mangers, directors, and above make probably close to (and in some case above) US income rates. Especially in finance.
No ......
Live in cayman its funny when u buy samething spensive u just laugh and say wtf I'm Doing if I just make in 6 dollars a hour 🤣🤣🤣🤣🤣🤣🤣🤣 then got change that cayman t+2 spensive 🤣
wait a minute - Is that Costco
It’s the Cayman knockoff version 🤣
So I saw the difference
Looks like canada
the music is torture
Seems like you are the richest woman in the planet as you can afford there.
Is this in USD or KYD ?
Prices shown in store were in KYD.
The sites I sourced convert all to the same currency for a dollar-to-dollar comparison (I think USD if I remember correctly but feel free to double check the sources in the description box).
And yes, the grocery prices were in KYD 🙂
hi jas
Hey!! I just saw your comment now haha sorry for the late reply :)
you basically live on the island for free because we don't pay taxes, if a bag of chips cost $1 extra it is not supposed to be a problem. Just be glad you're living somewhere for free and do not have to pay taxes and stop looking on the bad side of things.
… people who have TURNED OFF their A/C this summer, during the hottest time of the year, because they couldn’t afford it… those people who reduced their utility usage.. they still saw their utility bills go up by HUNDREDS of dollars a this summer. But yeah, we “basically live on the island for free” lmao. You need a wake up call.
I’m very clearly talking about more than just chips in this video. But way to purposefully miss the point and be completely disingenuous. Thanks for the view and engagement anyways 👍🏽
How does one live for free ? Unless you have a tent on the beach and hunt the chickens
That’s not bad lol
It's not bad until you actually experience what the locals go through you have grown adults still living ar home with there Parents
Not because they dont want to work or they are lazy but because they cant afford the cost of rent or to by a house or to be able to pay mortgage plus other Bill's trust me come live down here for a week on your own
@@theinternetisnotarealplace4133 I looked again at the prices in the video and it is high. I can only imagine.
That's cheap compared to Trinidad and Tobago
And in America you pay 37% of your anual income in tax, right?
Marcos Ferreira
wrong. The average American pays about 14% in taxes. I personally don’t agree with the American tax system, and I believe I was comparing to Canada in this video, for that reason.
Now, Canadians pay more in tax (they average around 20%), but when you calculate what they save in health care expenses (in Cayman, it’s mandatory to have health care coverage from your employer, and then most employers force the employer to foot part of the bill out of their paychecks... and in my experience, those packages don’t cover everything and you still have out-of-pocket expenses at the doctor, hospital, and/or pharmacy), combined with the lower cost of living, and the strong Canadian labour laws that ensure regular raises to keep up with inflation, a Canadian in a comparable job would actually end up with more money left in their pocket at the end of the month. Even when you take into consideration Cayman’s high exchange rate! I’ve done this experiment before somewhere else in my comments section where I compared the same job in Canada vs Cayman, apples to apples.
I love Cayman and don’t blame anyone for wanting to live here. I just think we can fight for certain improvements to make life better for the average person. Idk what’s so wrong with that.
Marcos Ferreira to give you some context - only people making 6 digits per year (over $100,000) would be taxed anywhere close to 37% lol. And they can afford it. Not to mention, there are these fun things called “tax write offs” that the wealthy (and many average folks) take advantage of, which allow them to pay significantly less tax. Sometimes no tax!
My last year in Canada I earned over $60,000 for the year. I was in a tax bracket of something like 18% (though our taxes in Canada are on a graded system, which means some of my income was taxed less than that and some was taxed more. The idea is the more you make, the more you contribute), but because I planned for taxes, I was actually GIVEN BACK over $4,000 when I filed my taxes! So for me, it worked out to be like “forced savings” and when I had a life threatening allergic reaction, I was able to walk out of the hospital with my life saved and paid $0 out of pocket. The taxes I paid worked out to be far less than my hospital bill would have been, even here in Cayman where our hospitals are fairly inexpensive.
Now, I’m not saying that we should implement tax in Cayman. But looking at how much money our government spends on other things, and being educated on how government finances work, I see lots of opportunities for changes that favour the average person.
@@JasmineDreams I should have mentioned I had rich people (which would pay something around 37%) in my mind while watching your video. In the comments I saw people mentioning America, that is why I compared to. If I had the money I would without second thoughts move to the Cayman Islands. I live in Ireland and income tax here is reaches 50% (on what you make above 45k/year). We do not have good health system, summing up, we don not take it back in service from the government, that is why I am keen on the Island you live.
Marcos Ferreira ah yes comparing it to the Irish system, I can see why you feel that way about taxes lol. I think places like Denmark are good examples. Canada is getting there.
Also those rich Americans complaining about their 30+% tax rate are definitely not paying that much after write offs and loopholes lol.
But I do have a problem with a government as corrupt as Cayman’s trying to start a tax system. It would end up just as pointless and expensive as Ireland’s lol. That’s why I say I don’t suggest it for Cayman. But I do still think we can work to make this little island even better 🙂
@@JasmineDreams If you're prosperous in Canada you pay far more than %20 income tax. If you factor in all taxes, including absurd taxes on taxes like for gas etc .. the real tax burden more than %40.
Damn gurl, you are hotter than the Cayman Islands. And a smart badass. I'm in love. Great work, thanks for the info.s.
You are so beautiful 🥰 i am in love with you ❤️
You're using the word paradise , to loosely. I lived a worked about
a year there , after 3 weeks the honey moon was over...Nothing paradise about Cayman Island.
Expensive , rent out of this world, jamaicans are super rude and obnoxious , no problem with the filipinos
or central Americans living there.. jamaicans thought the owned the Island.. Anybody of thinking of living there,
you're setting yourself up for a big let down...If you do move there I wish you the best.
I can definitely see where this comment comes from, and you’re not wrong. I still find paradise among all of the problems though. The environment there is worth preserving, if possible. We all find our little slice of paradise somewhere! Sometimes I’m shocked by the places that other people call “paradise” lol 😂
But yes - you’re definitely not the only person I’ve met who feels that way!
I just love that the national bird is a parrot