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Average Salary in Cayman Islands 2020

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


Average Yearly Salary
39,200 KYD
( 3,270 KYD monthly)

LOWEST
5,310
KYD
AVERAGE
39,200
KYD
HIGHEST
174,000
KYD

A person working in Cayman Islands typically earns around 39,200 KYD per year. Salaries range from 5,310 KYD (lowest) to 174,000 KYD (highest).

This is the average yearly 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

Median and salary distribution yearly Cayman Islands

The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Cayman Islands range between 5,310 KYD per year (minimum salary) to 174,000 KYD per year (maximum salary).

  • Median Salary

    The median salary is 38,800 KYD per year, which means that half (50%) of the population are earning less than 38,800 KYD while the other half are earning more than 38,800 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.

  • Percentiles

    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 19,900 KYD while 75% of them are earning more than 19,900 KYD. Also from the diagram, 75% of the population are earning less than 104,000 KYD while 25% are earning more than 104,000 KYD.


What is the difference between the median and the average salary?

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

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.

Salary trends and forecast yearly Cayman Islands
Average Salary 2016
35,100 KYD
Average Salary 2017+4%
36,400 KYD
Average Salary 2018+2%
37,200 KYD
Average Salary 2019+3%
38,500 KYD
Percentage increase and decrease are relative to the previous value
Salaries in Cayman Islands are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2020 are 2% higher than those of 2019. The trend suggests a slow yet continous increase in pay in 2021 and future years. These numbers differ slightly from industry to another.


Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant25,500 KYD
Accounting Assistant25,600 KYD
Accounting Manager50,600 KYD
Bookkeeper19,900 KYD
Chartered Accountant34,000 KYD
Corporate Treasurer68,900 KYD
Financial Analyst39,200 KYD
Financial Manager80,300 KYD
Internal Auditor39,600 KYD

Administration / Reception / Secretarial
Administrative Assistant19,900 KYD
Office Manager26,500 KYD
Receptionist27,400 KYD
Secretary19,900 KYD

Advertising / Grapic Design / Events
Art Director39,100 KYD
Creative Director39,900 KYD
Graphic Designer27,100 KYD
Photographer26,000 KYD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer43,700 KYD
Air Traffic Controller38,300 KYD
Flight Attendant31,900 KYD
Pilot44,000 KYD

Architecture
Architect34,700 KYD
CAD Drafter27,800 KYD

Automotive
Mechanic20,700 KYD
Service Advisor30,400 KYD

Banking
Bank Branch Manager58,200 KYD
Teller26,000 KYD

Bilingual
Teacher28,800 KYD
Translator34,000 KYD

Business Planning
Business Analyst45,800 KYD
Business Development Manager59,100 KYD
Project Manager43,400 KYD

Care Giving and Child Care
Nanny23,600 KYD
Nursery Teacher28,600 KYD

Construction / Building / Installation
Civil Engineer34,700 KYD
Construction Project Manager46,300 KYD
Health and Safety Officer23,600 KYD

Customer Service and Call Center
Call Center Representative27,600 KYD
Customer Service Manager50,600 KYD
Customer Service Representative28,100 KYD

Engineering
Electrical Engineer38,400 KYD
Engineer34,700 KYD
Mechanical Engineer37,600 KYD

Executive and Management
Chief Executive Officer88,600 KYD
Chief Financial Officer79,600 KYD
General Manager67,500 KYD

Food / Hospitality / Tourism / Catering
Chef30,100 KYD
Executive Chef35,100 KYD
Hotel Manager54,600 KYD
Travel Agent31,400 KYD
Waiter / Waitress24,100 KYD

Health and Medical
Dentist93,500 KYD
Dietitian85,100 KYD
Laboratory Technician28,900 KYD
Nurse29,200 KYD

Human Resources
Human Resources Manager53,100 KYD
Human Resources Officer30,100 KYD

Information Technology
Computer Technician30,000 KYD
Database Administrator37,300 KYD
Developer / Programmer33,100 KYD
Information Technology Manager54,400 KYD
Network Engineer31,900 KYD

Law Enforcement / Security / Fire
Police Officer31,000 KYD

Legal
Attorney54,400 KYD
Legal Assistant28,100 KYD

Media / Broadcasting / Arts / Entertainment
Journalist38,400 KYD

Pharmaceutical and Biotechnology
Biomedical Engineer34,100 KYD
Pharmacist42,500 KYD

Sales Retail and Wholesale
Cashier22,100 KYD
Sales Manager61,500 KYD
Sales Representative24,100 KYD

Teaching / Education
Elementary School Teacher27,600 KYD
Secondary School Teacher30,700 KYD

Average Hourly Wage in Cayman Islands

19 KYD per hour

The average hourly wage (pay per hour) in Cayman Islands is 19 KYD. This means that the average person in Cayman Islands earns approximatly 19 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.

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