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Average Salary in Cayman Islands 2019

How much money does a person working in Cayman Islands make?

4,934 KYD per month
Average Monthly Salary
A person working in Cayman Islands typically earns around 4,934 KYD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Cayman Islands | All Jobs

25% of people earn
3,247 KYD
or less
50% of people earn
4,996 KYD
or less
75% of people earn
6,200 KYD
or less
2,083 KYD
4,996 KYD
9,500 KYD

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Cayman Islands range between 2,083 KYD per month (minimum salary) to 9,500 KYD per month (maximum salary).

The median salary is 4,996 KYD per month, which means that half (50%) of the population are earning less than 4,996 KYD while the other half are earning more than 4,996 KYD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 3,247 KYD while 75% of them are earning more than 3,247 KYD. Also from the diagram, 75% of the population are earning less than 6,200 KYD while 25% are earning more than 6,200 KYD.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Salaries for specific job categories

Choose your job category from below to explore specific salary details

Salary Trend and Forecast in Cayman Islands

How are Cayman Islands salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

Average Salary 2016    =  
4,595 KYD
Average Salary 2017    +3%  
4,724 KYD
Average Salary 2018    +2%  
4,809 KYD
Average Salary 2019    +3%  
4,934 KYD
Percentage increase and decrease are relative to the previous value
Salaries in Cayman Islands are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Average Hourly Wage in Cayman Islands | All Jobs

25 KYD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Cayman Islands | All Jobs is 25 KYD. This means that the average person in Cayman Islands earns approximatly 25 KYD for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Salary Comparison By City

CityAverage Salary
George Town5,197 KYD
West Bay3,472 KYD
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