Havana vs Panama City - Cost of Living Comparison

Updated: October 10, 2024

	Havana	Panama City
🚶 Cost of living one person	$1024	$1384
👨‍👩‍👧‍👦 Cost of living Family	$2527	$3435
🏠 One person rent	$490	$751
🏘️ Family rent	$860	$1474
🍽️ Food expenses	$351	$444
🚐 Transport expenses	$78.2	$84.4
💳 Monthly salary after tax	$55.8	$914
😷 Air quality	Excellent	Good
✈️ Airport proximity	17 km	7 km
🎓 Higher education	47	42
😀 Quality of life	53	66
🏙️ Population	2.49M	881K

The cost of living in Havana is 26% less expensive than in Panama City. Cities ranked 5521st and 4139th ($1024 vs $1384) in the list of the most expensive cities in the world and ranked 24th and 1st in Cuba and Panama, respectively. Check Cuba vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.1 months in Havana compared to 0.7 months in Panama City. Havana ranked 1st best city to live in Cuba vs Panama City ranked 1st in Panama, while ranked 6030th and 3919th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Havana vs Panama City infographic

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Prices in Havana vs Panama City

Prices for goods and services in Havana and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Havana	Panama City
Eating Out
🍱 Lunch Menu	$4.37	$12.3
🥂 Dinner in a Restaurant, for 2	$29.8	$55.2
🥪 Fast food meal, equiv. McDonald's	$5	$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.27	$2.94
☕ Cappuccino	$1.22	$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.37	$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$328	$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$334	$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1030	$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$605	$1198
🔌 Utility Bill one person, electricity, heating, water, etc.	$22.9	$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$35.2	$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$134	$47.4
🏦 Mortgage Interest Rate for 20 Years	8.37%	6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$395	$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$332	$1535
Transportation
🚌 Local transport ticket	$0.2	$0.35
🎟️ Monthly ticket local transport	$22.6	$26.2
🚕 Taxi Ride, 8 km or 5 mi	$6.52	$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.24	$1.02
Groceries
🥛 Milk, 1 L or 1 qt	$3.27	$1.78
🍞 Bread, 0.5 kg or 1.1 lb	$1.07	$2.12
🍚 Rice, 1 kg or 2.2 lb	$2.38	$2.08
🥚 Eggs, x12	$3.56	$2.67
🧀 Cheese, 1 kg or 2.2 lb	$5.02	$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.24	$7.23
🥩 Round Steak, 1 kg or 2.2 lb	$9.84	$10.4
🍏 Apples, 1 kg or 2.2 lb	$4.97	$3.11
🍌 Banana, 1 kg or 2.2 lb	$1.33	$1.54
🍊 Oranges, 1 kg or 2.2 lb	$2.12	$3.09
🍅 Tomato, 1 kg or 2.2 lb	$1.72	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.08	$2.19
🧅 Onion, 1 kg or 2.2 lb	$2.85	$2.5
🌊 Water, 1 L or 1 qt	$0.74	$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$6.96	$2.51
🍾 Wine (mid-priced), 750 mL bottle	$9.94	$9.03
🍺 Beer, 0.5 L or 16 fl oz	$2.05	$1.14
🚬 Cigarette pack	$4.03	$5.89
💊 Cold medicince, 1 week	$13.9	$10.5
🧴 Hair Shampoo	$6.04	$6.97
🧻 Toilet paper, 4 rolls	$2.9	$3.12
👄 Toothpaste, 1 tube	$3.43	$3.06
Other
🏋️ Gym Membership, 1 month	$40.6	$43.8
🎫 Cinema Ticket, 1 person	$0.86	$6.71
👩‍⚕️ Doctor's visit	$49.1	$49.1
💇 Haircut, simple	$35.3	$13.7
👖 Brand Jeans	$39.7	$54.3
👟 Brand Sneakers	$76.2	$90.2
👶 Daycare or Preschool, 1 month	$52.5	$437
🏫 International Primary School, 1 year	$13025	$9531

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Havana

Distance	City	Cost of living
47 km or 29 mi	Guines	$1113
55 km or 34 mi	Artemisa	$1076
81 km or 50 mi	Matanzas	$1203
119 km or 74 mi	Cardenas	$1182
156 km or 97 mi	Colon	$1108
157 km or 97 mi	Pinar del Rio	$1096
169 km or 105 mi	Key West	$3014
226 km or 140 mi	Cienfuegos	$878
237 km or 147 mi	Sagua La Grande	$1110
260 km or 161 mi	Santa Clara	$1053
292 km or 181 mi	Placetas	$1103
322 km or 200 mi	Homestead	$3991
328 km or 204 mi	Sancti Spiritus	$1210
337 km or 210 mi	Richmond West	$3058
340 km or 211 mi	Cutler Bay	$3002
345 km or 215 mi	Palmetto Bay	$2849
345 km or 215 mi	Kendall West	$2808
358 km or 222 mi	Sweetwater	$2644
359 km or 223 mi	Coral Gables	$2803
360 km or 224 mi	Doral	$2612
362 km or 225 mi	Bonita Springs	$2570
366 km or 227 mi	Miami	$3103
366 km or 228 mi	Hialeah Gardens	$2551
368 km or 229 mi	Hialeah	$2562
371 km or 230 mi	Estero	$2591
371 km or 230 mi	Miami Lakes	$2578
373 km or 232 mi	Miami Beach	$2753
377 km or 234 mi	Miami Gardens	$2645
377 km or 234 mi	North Miami	$2671
379 km or 236 mi	Miramar	$2717
381 km or 237 mi	Pembroke Pines	$2898
381 km or 237 mi	North Miami Beach	$2659
385 km or 239 mi	Sunny Isles Beach	$2682
385 km or 239 mi	Cooper	$2691
386 km or 240 mi	Weston	$2608
387 km or 240 mi	Aventura	$2647
388 km or 241 mi	Hallandale Beach	$2630
389 km or 242 mi	Davie	$2623
389 km or 242 mi	Hollywood	$2724
391 km or 243 mi	Fort Myers	$2942

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1249
16 km or 9.9 mi	Tocumen	$1231
26 km or 16 mi	Pacora	$1249
34 km or 21 mi	La Chorrera	$953
59 km or 37 mi	Colon	$1182
108 km or 67 mi	Penonome	$1098
154 km or 96 mi	Chitre	$1091
190 km or 118 mi	Santiago de Veraguas	$1056
321 km or 199 mi	Turbo	$634
329 km or 204 mi	David	$833
398 km or 247 mi	Monteria	$620
403 km or 250 mi	Limon	$1201
406 km or 252 mi	Santa Cruz de Lorica	$638
452 km or 281 mi	Sincelejo	$506
463 km or 288 mi	Cartagena	$748
483 km or 300 mi	Quibdo	$661
494 km or 307 mi	Cartago	$961
513 km or 319 mi	San Jose	$1239
518 km or 322 mi	Heredia	$1246
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$789
529 km or 329 mi	Alajuela	$1233
530 km or 329 mi	Medellin	$873
534 km or 332 mi	Envigado	$871
558 km or 347 mi	Soledad	$840
559 km or 348 mi	Barranquilla	$789
595 km or 370 mi	Puntarenas	$1277
617 km or 383 mi	Cartago	$619
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1310
627 km or 390 mi	Pereira	$641
631 km or 392 mi	Santa Marta	$979
632 km or 393 mi	Buenaventura	$718
636 km or 395 mi	Minca	$863
651 km or 404 mi	Salento	$562
652 km or 405 mi	Armenia	$541
657 km or 408 mi	Tulua	$477
658 km or 409 mi	Barrancabermeja	$573
675 km or 419 mi	Liberia	$898