Published: Monday, 21th October 2024
The cost of living in Cuba is 60.18 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Cuba and Panama. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Cuba and Panama.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | Cuba | Panama |
---|---|---|
1 BHK Apartment in City Center | 250 CUP (9.25 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center | 400 CUP (14.80 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center | 600 CUP (22.20 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center | 150 CUP (5.55 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center | 250 CUP (9.25 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center | 375 CUP (13.88 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month | 3 % | 1.3 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Cuba is 134.15 times less expensive than Panama.
Indicators | Cuba | Panama |
---|---|---|
Basic Home Furnishing | 500 CUP (18.50 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month | 20 CUP (0.74 USD) | 150 PAB (150 USD) |
Heating Cost Per Month | 15 CUP (0.55 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month | 10 CUP (0.37 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month | 10 CUP (0.37 USD) | 60 PAB (60 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 99.39% less for Utilities.
The basic home furnishing in Cuba costs 162.16 times less compared to Panama.
Indicators | Cuba | Panama |
---|---|---|
Standard Wifi Cost Per Month | 30 CUP (1.11 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month | 20 CUP (0.74 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month | 10 CUP (0.37 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month | 30 CUP (1.11 USD) | 80 PAB (80 USD) |
The internet and communication costs 98.55% less in Cuba compared to Panama.
Indicators | Cuba | Panama |
---|---|---|
Long Grain Rice (1 KG) | 2 CUP (0.07 USD) | 2 PAB (2 USD) |
Milk (1 Liter) | 0.50 CUP (0.02 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) | 0.30 CUP (0.01 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) | 1 CUP (0.04 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) | 3 CUP (0.11 USD) | 3 PAB (3 USD) |
Cheese (1 KG) | 5 CUP (0.18 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) | 4 CUP (0.15 USD) | 7 PAB (7 USD) |
In Cuba, the cost of 1 Liter Water and 1 Liter Milk is 67.57 times less expensive than the cost in Panama.
If you lived in Cuba, instead of Panama, you would have to pay 97.08% less for Groceries.
Indicators | Cuba | Panama |
---|---|---|
Apples (1 KG) | 3 CUP (0.11 USD) | 3 PAB (3 USD) |
Bananas (1 KG) | 1.50 CUP (0.06 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) | 2 CUP (0.07 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) | 2.50 CUP (0.09 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) | 2 CUP (0.07 USD) | 1 PAB (1 USD) |
Lemons (1 KG) | 3 CUP (0.11 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) | 2 CUP (0.07 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) | 3 CUP (0.11 USD) | 2.50 PAB (2.50 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 22.76 times less for Fruits and Vegetables.
Indicators | Cuba | Panama |
---|---|---|
Meal at a Resonable Restaurant | 15 CUP (0.55 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two | 50 CUP (1.85 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal | 8 CUP (0.30 USD) | 6 PAB (6 USD) |
Normal Coffee | 2 CUP (0.07 USD) | 2.50 PAB (2.50 USD) |
Soft Drink | 1 CUP (0.04 USD) | 1.50 PAB (1.50 USD) |
Pizza for One | 10 CUP (0.37 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal | 12 CUP (0.44 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 | 10 CUP (0.37 USD) | 6 PAB (6 USD) |
Dining-Out costs 95.01% less in Cuba compared to Panama.
Indicators | Cuba | Panama |
---|---|---|
Wine Mid-Range Bottle | 20 CUP (0.74 USD) | 15 PAB (15 USD) |
Glass of Wine | 4 CUP (0.15 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter | 1.50 CUP (0.06 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter | 2.50 CUP (0.09 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter | 25 CUP (0.92 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter | 40 CUP (1.48 USD) | 25 PAB (25 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 19.62 times less for usual hard drinks.
Indicators | Cuba | Panama |
---|---|---|
Monthly Public Transportation Pass | 30 CUP (1.11 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket | 2 CUP (0.07 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket | 50 CUP (1.85 USD) | Yet to Update () |
Domestic Airplane Ticket | 100 CUP (3.70 USD) | 100 PAB (100 USD) |
Taxi Start Fare | 10 CUP (0.37 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer | 2 CUP (0.07 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day | 50 CUP (1.85 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour | 5 CUP (0.18 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour | 2 CUP (0.07 USD) | 1 PAB (1 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 20.35 times less for transportation.
Indicators | Cuba | Panama |
---|---|---|
Reasonable Vehicle Purchase Cost | Yet to Update () | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost | 200 CUP (7.40 USD) | 80 PAB (80 USD) |
Driving License Fees | 400 CUP (14.80 USD) | 50 PAB (50 USD) |
Car Insurance Cost | 5,235 CUP (193.69 USD) | 400 PAB (400 USD) |
Car Maintenance Cost | 600 CUP (22.20 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates | 2 % | 6 % |
Fuel Per Liter | 1 CUP (0.04 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon | 4 CUP (0.15 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees | 2 CUP 0.07 USD | 5 PAB 5 USD |
You would have to pay 65.83 times less for Vehicle purchase, daily operation and maintenance in Cuba compared to that of Panama.
Indicators | Cuba | Panama |
---|---|---|
Doctor Visit | 30 CUP (1.11 USD) | 50 PAB (50 USD) |
Specialist Visit | 50 CUP (1.85 USD) | 100 PAB (100 USD) |
Dentist Visit | 40 CUP (1.48 USD) | 70 PAB (70 USD) |
Eye Exam | 20 CUP (0.74 USD) | 50 PAB (50 USD) |
Mental Health Counseling | 30 CUP (1.11 USD) | 100 PAB (100 USD) |
Preventive Health Screening | 100 CUP (3.70 USD) | 50 PAB (50 USD) |
Physical Therapy | 30 CUP (1.11 USD) | 75 PAB (75 USD) |
Emergency Room Visit | 50 CUP (1.85 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night | 100 CUP (3.70 USD) | 150 PAB (150 USD) |
Vaccinations | 15 CUP (0.55 USD) | 30 PAB (30 USD) |
Prescription Medication | 15 CUP (0.55 USD) | 20 PAB (20 USD) |
Over the Counter Medication | 10 CUP (0.37 USD) | 10 PAB (10 USD) |
Health Insurance Premiums | Yet to Update () | 150 PAB (150 USD) |
Health Insurance Deductibles | Yet to Update () | 75 PAB (75 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 67.84 times less for Health and Medical Treatment.
Indicators | Cuba | Panama |
---|---|---|
Cosmetic Procedures | 50 CUP (1.85 USD) | 200 PAB (200 USD) |
Spa Treatment | 30 CUP (1.11 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost | 20 CUP (0.74 USD) | 30 PAB (30 USD) |
Optical Glasses Cost | 30 CUP (1.11 USD) | 80 PAB (80 USD) |
Contact Lenses Cost | 40 CUP (1.48 USD) | 40 PAB (40 USD) |
Haircuts | 10 CUP (0.37 USD) | 15 PAB (15 USD) |
Hair Coloring | 20 CUP (0.74 USD) | 40 PAB (40 USD) |
Shampoo Price | 5 CUP (0.18 USD) | 5 PAB (5 USD) |
Toothpaste Price | 3 CUP (0.11 USD) | 2 PAB (2 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 63.28 times less for Personal Care Items and Treatment.
Indicators | Cuba | Panama |
---|---|---|
Pair of Nike Running Shoes | 150 CUP (5.55 USD) | 80 PAB (80 USD) |
Men's Shirt | 30 CUP (1.11 USD) | 25 PAB (25 USD) |
Women's Dress | 70 CUP (2.59 USD) | 40 PAB (40 USD) |
Summer Dress | 40 CUP (1.48 USD) | 30 PAB (30 USD) |
Men's Suit | 200 CUP (7.40 USD) | 100 PAB (100 USD) |
Men's Jeans | 50 CUP (1.85 USD) | 40 PAB (40 USD) |
Women's Jeans | 50 CUP (1.85 USD) | 30 PAB (30 USD) |
Men's Formal Shoes | 80 CUP (2.96 USD) | 80 PAB (80 USD) |
Women's Formal Shoes | 80 CUP (2.96 USD) | 80 PAB (80 USD) |
Men's Casual Shoes | 60 CUP (2.22 USD) | 50 PAB (50 USD) |
Women's Casual Shoes | 60 CUP (2.22 USD) | 50 PAB (50 USD) |
Underwear For Men | 10 CUP (0.37 USD) | 8 PAB (8 USD) |
Underwear For Women | 10 CUP (0.37 USD) | 12 PAB (12 USD) |
Socks For Men | 5 CUP (0.18 USD) | 3 PAB (3 USD) |
Socks For Women | 5 CUP (0.18 USD) | 3 PAB (3 USD) |
Wintercoat for Adults | 100 CUP (3.70 USD) | 80 PAB (80 USD) |
Sportswear | 40 CUP (1.48 USD) | 40 PAB (40 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 19.52 times less for Clothing and Footwear for Adults.
Indicators | Cuba | Panama |
---|---|---|
Children's Jeans | 30 CUP (1.11 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers | 40 CUP (1.48 USD) | 30 PAB (30 USD) |
Children's Winter Coat | 60 CUP (2.22 USD) | 40 PAB (40 USD) |
Daycare for Infant | 200 CUP (7.40 USD) | 200 PAB (200 USD) |
Daycare for Toddler | 150 CUP (5.55 USD) | 150 PAB (150 USD) |
Childcare for Sick Days | 20 CUP (0.74 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs | 150 CUP (5.55 USD) | 150 PAB (150 USD) |
Extra Curricular Activities | 80 CUP (2.96 USD) | 100 PAB (100 USD) |
Summer Camp for Kids | 150 CUP (5.55 USD) | 150 PAB (150 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 26.72 times less for Childcare and kids clothing.
Indicators | Cuba | Panama |
---|---|---|
PreSchool Fees | 200 CUP (7.40 USD) | 250 PAB (250 USD) |
Primary School Fees | 300 CUP (11.10 USD) | 400 PAB (400 USD) |
Secondary School Fees | 400 CUP (14.80 USD) | 600 PAB (600 USD) |
Private School Fees | 600 CUP (22.20 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees | 1,000 CUP (37 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees | 2,000 CUP (74 USD) | 3,500 PAB (3,500 USD) |
After School Activities | 50 CUP (1.85 USD) | 75 PAB (75 USD) |
Special Education Services | 85 CUP (3.15 USD) | 200 PAB (200 USD) |
Tutoring | 100 CUP (3.70 USD) | 30 PAB (30 USD) |
Textbooks Cost | 50 CUP (1.85 USD) | 50 PAB (50 USD) |
School Supplies | 20 CUP (0.74 USD) | 30 PAB (30 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 48.57 times less for school and education.
Indicators | Cuba | Panama |
---|---|---|
Movie Ticket (Single) | 10 CUP (0.37 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) | 20 CUP (0.74 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) | 25 CUP (0.92 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) | 30 CUP (1.11 USD) | 15 PAB (15 USD) |
Gym Membership | 40 CUP (1.48 USD) | 40 PAB (40 USD) |
Swimming Pool Access | 20 CUP (0.74 USD) | 25 PAB (25 USD) |
Museum Entry Ticket | 10 CUP (0.37 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket | 15 CUP (0.55 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket | 25 CUP (0.92 USD) | 20 PAB (20 USD) |
Bowling | 10 CUP (0.37 USD) | 15 PAB (15 USD) |
Mini Golf | 15 CUP (0.55 USD) | 12 PAB (12 USD) |
Video Games | 40 CUP (1.48 USD) | 40 PAB (40 USD) |
Streaming Services | 10 CUP (0.37 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental | 20 CUP (0.74 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass | 200 CUP (7.40 USD) | 500 PAB (500 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 42.03 times less for entertainment, recreation and fun activities.
Indicators | Cuba | Panama |
---|---|---|
Language Classes | 100 CUP (3.70 USD) | 150 PAB (150 USD) |
Parenting Classes | 130 CUP (4.81 USD) | 150 PAB (150 USD) |
Art Classes | 20 CUP (0.74 USD) | 25 PAB (25 USD) |
Fitness Classes | 15 CUP (0.55 USD) | 25 PAB (25 USD) |
Music Lessons | 30 CUP (1.11 USD) | 30 PAB (30 USD) |
Dance Lessons | 30 CUP (1.11 USD) | 30 PAB (30 USD) |
Reading Materials for Classes | 10 CUP (0.37 USD) | 8 PAB (8 USD) |
Educational Software | 20 CUP (0.74 USD) | 150 PAB (150 USD) |
If you lived in Cuba, instead of Panama, you would have to pay 43.24 times less for Private Classes.
Indicators | Cuba | Panama |
---|---|---|
Average Gross Monthly Salary | 1,000 CUP (37 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary | 800 CUP (29.60 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages | 20 CUP per hour (0.74 USD) | 20 PAB per hour (20 USD) |
Average Bonus | 50 CUP (1.85 USD) | 150 PAB (150 USD) |
Income Tax Rate | 0 to 20 % | 0 to 7 % |
Social Security Contributions | 5 % | 9 % |
Pension Contributions | 5 % | 10 % |
Cost of Living Index | 35 | 50 |
Median Household Income | 1,000 CUP (37 USD) | 1,200 PAB (1,200 USD) |
If you lived in Cuba, you would earn 38.33 times less salary as compared to Panama.
Indicators | Cuba | Panama |
---|---|---|
Legal Consultation Per Hour Rate | 50 CUP (1.85 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate | 40 CUP (1.48 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate | 60 CUP (2.22 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate | 30 CUP (1.11 USD) | 60 PAB (60 USD) |
Professional Services cost 48.05 times less in Cuba, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Cuba and Panama.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.