Cuba vs Panama - Cost of Living Comparison

Updated:

Livingcost

Cuba Panama
🚶 Cost of living one person
$1227
$1260
👨‍👩‍👧‍👦 Cost of living Family
$2775
$3090
🏠 One person rent
$639
$654
🏘️ Family rent
$974
$1202
🍽️ Food expenses
$421
$442
🚐 Transport expenses
$58.9
$67.1
💳 Monthly salary after tax
$55.1
$856
💸 GDP per capita
$9500
$18662
😃 Human freedom index
5.2
7.57
❤️ Life expectancy
78.2
76.8
👮 Corruption perceptions index
42
35
🌐 English speaking %
6%
14%
🎓 Higher education
58
46
😀 Quality of life
32
55
🏙️ Population
11M
4.1M

The average cost of living in Cuba ($1227) is 3% less expensive than in Panama ($1260). Cuba ranked 51st vs 47th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0 months in Cuba compared to 0.7 months in Panama. Ranked 140th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Cuba vs Panama infographic

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Prices in Cuba vs Panama

We calculate prices for Cuba and Panama as a population-weighted mean of 25 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Cuba Panama
Eating Out
🍱 Lunch Menu
$9.87
$11.3
🥂 Dinner in a Restaurant, for 2
$35.5
$54.2
🥪 Fast food meal, equiv. McDonald's
$6.67
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.02
$2.82
 Cappuccino
$2.3
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.52
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$570
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$486
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$955
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$782
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$39.3
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$60.4
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$96.8
$47.6
🏦 Mortgage Interest Rate for 20 Years
8.59%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$381
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$332
$1504
Transportation
🚌 Local transport ticket
$0.21
$0.4
🎟️ Monthly ticket local transport
$27.1
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$9.55
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.28
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$2.65
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$1.32
$2.23
🍚 Rice, 1 kg or 2.2 lb
$2
$2.26
🥚 Eggs, x12
$3.56
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$8.29
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.49
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$11.1
$9.88
🍏 Apples, 1 kg or 2.2 lb
$4.99
$3.32
🍌 Banana, 1 kg or 2.2 lb
$1.17
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.76
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$2.24
$2.92
🥔 Potato, 1 kg or 2.2 lb
$2.34
$2.23
🧅 Onion, 1 kg or 2.2 lb
$2.26
$2.51
🌊 Water, 1 L or 1 qt
$0.78
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$5
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$11.3
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$2.27
$1.11
🚬 Cigarette pack
$5.88
$5.89
💊 Cold medicince, 1 week
$13.4
$12.1
🧴 Hair Shampoo
$8.17
$6.01
🧻 Toilet paper, 4 rolls
$3.43
$2.89
👄 Toothpaste, 1 tube
$3.16
$2.65
Other
🏋️ Gym Membership, 1 month
$32.9
$38.9
🎫 Cinema Ticket, 1 person
$3.75
$6.51
👩‍⚕️ Doctor's visit
$58.5
$45.6
💇 Haircut, simple
$27.6
$11.5
👖 Brand Jeans
$45
$53.1
👟 Brand Sneakers
$77.2
$86.4
👶 Daycare or Preschool, 1 month
$79.7
$438
🏫 International Primary School, 1 year
$12665
$9292

Cost of living in other countries

Cost of living

Cities Comparison in Cuba vs Panama

More countries to compare

Cost of Living in Popular cities

In Cuba

City Cost of living Population
Havana
$1024
2.49M
Santiago de Cuba
$1416
445K
Holguin
$1280
350K
Camaguey
$1525
322K
Santa Clara
$1053
247K
Bayamo
$1166
235K
Guantanamo
$1558
228K
Las Tunas
$1556
202K
Pinar del Rio
$1096
189K
Cienfuegos
$878
165K
Matanzas
$1203
152K
Manzanillo
$2760
151K
Ciego de Avila
$1260
143K
Sancti Spiritus
$1210
139K
Palma Soriano
$1273
120K
Cardenas
$1182
86.7K
Moa
$1824
73.1K
Florida
$1405
71.7K
Placetas
$1103
71.2K
Colon
$1108
68K
Guines
$1113
66.9K
Artemisa
$1076
59.1K
Moron
$1260
59.4K
Yara
$2117
59.4K
Sagua La Grande
$1110
43K

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K