Cayman Islands Spain

Updated 2026-05-04

Cayman Islands

Minimum Wage

$8.75 /hr

$10.50 USD

Spain

Minimum Wage

€7.96 /hr

$9.27 USD

Avg. Gross Salary

€2,450 /mo

Min wage: +13% Cayman Islands vs Spain

Both high-income economies, Cayman Islands and Spain set comparable minimum wage floors in USD terms.

Detailed Comparison

Detailed wage comparison between Cayman Islands and Spain
Metric	Cayman Islands	Spain	Diff
Minimum wage /hr	$8.75 $10.50	€7.96 $9.27	+13.3%
Minimum wage /mo	$1,516.67 $1,820.08	€1,221 $1,421.92	+28.0%
Minimum wage /yr	$18,200 $21,840.87	€17,094 $19,906.84	+9.7%
Avg. gross salary /mo	N/A/mo	€2,450 /mo $2,853.15	—
Avg. net salary /mo	N/A/mo	€1,900 /mo $2,212.65	—
Median individual income /yr	N/A/yr	€22,000 /yr $25,620.12	—

Percentage differences are based on USD equivalent values. Positive means Cayman Islands is higher.

Work Week

Cayman Islands: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours under the Labour Act.
Spain: 40 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 40 hours (Workers' Statute, Article 34). Maximum 80 hours of overtime per year. Overtime compensation is set by collective agreement or individual contract, with a minimum of regular hourly rate or equivalent time off. EU Working Time Directive caps average weekly hours at 48.

• WAGE TRAJECTORY (USD/hr)

Cayman Islands Spain Source: wage.is · USD equivalent/hr

Year	Cayman Islands (USD)	Spain (USD)
2016	$7.20/hr	—
2018	—	$857/hr
2019	—	$1048/hr
2020	—	$1106/hr
2021	—	$1106/hr
2022	—	$1165/hr
2023	—	$1258/hr
2024	—	$1321/hr
2025	—	$1379/hr
2026	$11/hr	$1422/hr

What This Means for Workers

A minimum wage worker moving from Spain to the Cayman Islands would see a 13% increase in USD-equivalent hourly earnings.

See this comparison from Spain's perspective: Spain vs Cayman Islands

Compare Cayman Islands with...

Cayman Islands vs United States $ 7.25 /hr

Cayman Islands vs China ¥ 25 /hr

Cayman Islands vs Germany € 13.9 /hr

Cayman Islands vs United Kingdom £ 12.71 /hr

Cayman Islands vs India ₹ 4,576 /mo

Cayman Islands vs Japan ¥ 1,121 /hr

Cayman Islands vs France € 12.02 /hr

Cayman Islands vs South Korea ₩ 10,320 /hr

Cayman Islands vs Canada C$ 18.1 /hr

Cayman Islands vs Australia A$ 24.95 /hr

Cayman Islands vs Brazil R$ 7.37 /hr

Cayman Islands vs Russia ₽ 156.31 /hr

Cayman Islands vs Mexico MX$ 9,583.52 /mo

Cayman Islands vs Netherlands € 14.71 /hr

Cayman Islands vs Saudi Arabia ﷼ 23.08 /hr

Cayman Islands vs Turkey ₺ 164.94 /hr

Cayman Islands vs Switzerland

Cayman Islands vs Poland zł 31.4 /hr

Cayman Islands vs Sweden

Cayman Islands vs Singapore

Cayman Islands vs Norway

Cayman Islands vs Austria

Cayman Islands vs Denmark

Cayman Islands vs Israel ₪ 35.4 /hr

Frequently Asked Questions

Is the minimum wage higher in Cayman Islands or Spain?

In the Cayman Islands, the minimum wage is $8.75/hr ($10.50 USD). In Spain, it is €7.96/hr ($9.27 USD). Cayman Islands has the higher rate by 13% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Spain may retain a larger share of their earnings if prices there are lower.

How do work hours compare between Cayman Islands and Spain?

Both Cayman Islands and Spain mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.