How much money does a person working in Cayman Islands make?
3,268 KYD per month
Average Monthly Salary
A person working in Cayman Islands typically earns around 3,268 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
Abount These Figures: Salary Range, Median and Percentiles
Salaries in Cayman Islands range between 442 KYD per month (minimum salary) to 14,471 KYD per month (maximum salary).
The median salary is 3,235 KYD per month, which means that half (50%) of the population are earning less than 3,235 KYD while the other half are earning more than 3,235 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 1,655 KYD while 75% of them are earning more than 1,655 KYD. Also from the diagram, 75% of the population are earning less than 8,676 KYD while 25% are earning more than 8,676 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
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|| = |
|Average Salary 2017|| +4% |
|Average Salary 2018|| +2% |
|Average Salary 2019|| +3% |
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.
Salaries for popular jobs
|Administrative Assistant||1,654 KYD|
|Biomedical Engineer||2,844 KYD|
|CAD Drafter||2,314 KYD|
|Chartered Accountant||2,830 KYD|
|Chief Executive Officer||7,382 KYD|
|Chief Financial Officer||6,633 KYD|
|Civil Engineer||2,894 KYD|
|Computer Technician||2,501 KYD|
|Creative Director||3,322 KYD|
|Developer / Programmer||2,757 KYD|
|Electrical Engineer||3,199 KYD|
|Elementary School Teacher||2,300 KYD|
|Executive Chef||2,927 KYD|
|Flight Attendant||2,662 KYD|
|General Manager||5,628 KYD|
|Graphic Designer||2,255 KYD|
|Hotel Manager||4,552 KYD|
|Human Resources Manager||4,422 KYD|
|Internal Auditor||3,296 KYD|
|Legal Assistant||2,338 KYD|
|Mechanical Engineer||3,135 KYD|
|Police Officer||2,584 KYD|
|Project Manager||3,618 KYD|
|Sales Manager||5,126 KYD|
|Sales Representative||2,006 KYD|
|Secondary School Teacher||2,560 KYD|
|Travel Agent||2,613 KYD|
|Waiter / Waitress||2,007 KYD|
Average Hourly Wage in Cayman Islands | All Jobs
19 KYD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Cayman Islands | All Jobs 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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