Cuba Wages 2024 | Minimum & Average | Take-profit.org (2024)

FAQs

What is the average salary in Cuba in US dollars? ›

During a 2023 survey, around 36 percent of the Cuban population had a monthly income lower than 104 U.S. dollars, and only 18 percent had an income higher than 417 USD. During that same survey, 62 percent of the respondents stated that they struggle to buy the necessary means to survive.

The minimum wage is set at 2,100 CUP (Cuban Pesos) per month. The average salary in Cuba is around 4,000 CUP per month (see Table 1 below). The average salary of health and professionals with higher education is around 6,000 CUP per month. The average retirement pension does not exceed 1,528 CUP per month.

A family of four estimated monthly costs are 2,203.9$ without rent. A single person estimated monthly costs are 641.4$ without rent. Cost of living in Cuba is, on average, 35.9% lower than in United States. Rent in Cuba is, on average, 72.1% lower than in United States.

Average Cuban Salary

Starting with this figure, we can work out, that based on a worker working 9 hours per day, 5 days per week and 4 weeks per month, (total 180 hours), that the average hourly salary is about 11 cents per hour.

You can easily use US dollars for tips in Cuba, the one dollar bill is particularly popular. If you're staying at a resort, or frequenting a place regularly, then don't feel bad about using a one dollar coin, but offer to swap it out for bills later in your trip.

Since 2018, the average monthly income of employees in state-owned and mixed enterprises in Cuba has more than quintupled, from 777 pesos per month in 2018 to 4,219 Cuban pesos in 2022.

The median sale price of a home in Cuba was $58K last month, down 3.3% since last year.

The life expectancy for Cuba in 2021 was 78.98 years, a 0.12% increase from 2020.

A rule of thumb is to bring US$100/day. Although this may be way more than you will spend, it's better to be safe than sorry. If you are on a tour and have a lot included, or if you are not a shopper, US$50/day could be enough for meals, tips, and souvenirs.

What does CUC mean in Cuba? ›

The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar. Cuban convertible peso.

Cuba is the largest Caribbean country and also the westernmost island of the Greater Antilles. The tropical climate is moderated by trade winds, making expat life in Cuba quite enjoyable. Throughout the dry season, lasting from November to April, expats moving to Cuba might experience droughts.

In 1961, the Cuban government created a new National Health System (SNS, for its acronym in Spanish) and began to phase out all private healthcare and expand public services. Today, all healthcare is regulated and financed by the government, and is provided to Cubans free of cost.

Since the Revolution in 1959, the majority of Cubans work for the state government. They are educated for free, but the state expects a return. It dictates where they will work and sets their pay for life.

A 2023 study by the Cuban Observatory of Human Rights (OCDH), estimated 88% of the population is living in extreme poverty.

Cuba is an upper middle-income country and one of the largest economies in Central America and the Caribbean.

Like others, i would say that the basic salary is the equivalent of 20-25CUC/month (but it's paid in CUP, so about 500-625CUP/month) but some workers make more. For example, the dancers make around 90-95CUC/month. But their big money income is the tip.

Because Cuba does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Cuba. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.