Havana vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Havana	Panama City
🚶 Cost of living one person	$926	$1479
👨‍👩‍👧‍👦 Cost of living Family	$2500	$3609
🏠 One person rent	$373	$846
🏘️ Family rent	$803	$1592
🍽️ Food expenses	$352	$440
🚐 Transport expenses	$90.6	$83
💳 Monthly salary after tax	$53.9	$967
😷 Air quality	Excellent	Good
✈️ Airport proximity	17 km	7 km
🎓 Higher education	47	42
😀 Quality of life	53	67
🏙️ Population	2.49M	881K

The cost of living in Havana is 37% less expensive than in Panama City. Cities ranked 5902nd and 3517th ($926 vs $1479) 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 6054th and 3734th 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	$4.41	$10.4
🥂 Dinner in a Restaurant, for 2	$30.1	$48.5
🥪 Fast food meal, equiv. McDonald's	$6.5	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.01	$2.97
☕ Cappuccino	$1.21	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.21	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$328	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$262	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1018	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$611	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$23.1	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$35	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$74.8	$45.4
🏦 Mortgage Interest Rate for 20 Years	7.47%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$396	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$336	$1632
Transportation
🚌 Local transport ticket	$1.26	$0.42
🎟️ Monthly ticket local transport	$24.9	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$7.18	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.23	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$3.28	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$1.07	$2.19
🍚 Rice, 1 kg or 2.2 lb	$2.39	$2.33
🥚 Eggs, x12	$3.57	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$5.01	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.24	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$9.84	$9.99
🍏 Apples, 1 kg or 2.2 lb	$5.01	$3.44
🍌 Banana, 1 kg or 2.2 lb	$1.4	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$2.45	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.71	$2.94
🥔 Potato, 1 kg or 2.2 lb	$2.85	$2.23
🧅 Onion, 1 kg or 2.2 lb	$2.82	$2.8
🌊 Water, 1 L or 1 qt	$0.74	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$6.94	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$10.1	$10
🍺 Beer, 0.5 L or 16 fl oz	$2.07	$1.29
🚬 Cigarette pack	$4	$5.98
💊 Cold medicince, 1 week	$10.4	$11.7
🧴 Hair Shampoo	$5.79	$7.94
🧻 Toilet paper, 4 rolls	$2.49	$3.37
👄 Toothpaste, 1 tube	$3.14	$3.71
Other
🏋️ Gym Membership, 1 month	$40.5	$45.3
🎫 Cinema Ticket, 1 person	$0.85	$7.22
👩‍⚕️ Doctor's visit	$62.6	$54.5
💇 Haircut, simple	$34.9	$12.9
👖 Brand Jeans	$39.9	$56.8
👟 Brand Sneakers	$76.9	$93.2
👶 Daycare or Preschool, 1 month	$112	$477
🏫 International Primary School, 1 year	$10030	$13616

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	$1094
55 km or 34 mi	Artemisa	$1017
81 km or 50 mi	Matanzas	$1273
119 km or 74 mi	Cardenas	$1214
156 km or 97 mi	Colon	$1122
157 km or 97 mi	Pinar del Rio	$1071
169 km or 105 mi	Key West	$2897
226 km or 140 mi	Cienfuegos	$865
237 km or 147 mi	Sagua La Grande	$1107
260 km or 161 mi	Santa Clara	$1058
292 km or 181 mi	Placetas	$1101
322 km or 200 mi	Homestead	$4044
328 km or 204 mi	Sancti Spiritus	$1211
337 km or 210 mi	Richmond West	$3092
340 km or 211 mi	Cutler Bay	$3032
345 km or 215 mi	Palmetto Bay	$2865
345 km or 215 mi	Kendall West	$2805
358 km or 222 mi	Sweetwater	$2604
359 km or 223 mi	Coral Gables	$2756
360 km or 224 mi	Doral	$2553
362 km or 225 mi	Bonita Springs	$2581
366 km or 227 mi	Miami	$3075
366 km or 228 mi	Hialeah Gardens	$2474
368 km or 229 mi	Hialeah	$2381
371 km or 230 mi	Estero	$2611
371 km or 230 mi	Miami Lakes	$2528
373 km or 232 mi	Miami Beach	$2762
377 km or 234 mi	Miami Gardens	$2651
377 km or 234 mi	North Miami	$2660
379 km or 236 mi	Miramar	$2732
381 km or 237 mi	Pembroke Pines	$2939
381 km or 237 mi	North Miami Beach	$2714
385 km or 239 mi	Sunny Isles Beach	$2758
385 km or 239 mi	Cooper	$2710
386 km or 240 mi	Weston	$2590
387 km or 240 mi	Aventura	$2731
388 km or 241 mi	Hallandale Beach	$2793
389 km or 242 mi	Davie	$2681
389 km or 242 mi	Hollywood	$3016
391 km or 243 mi	Fort Myers	$2945

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932