Cost Of Living For a Family in Havana 2025

Family cost of living chart - average monthly expenditure in Havana

Average monthly spending for families in Havana

We consider a family to be a member of four members, two adults and two children. This is the most common type of family. From the figures below, it should be fairly easy to calculate the average spending for families of different sizes.

Average Monthly Expenditure

Currency: CUP
13,000 36,000 230,000
MINIMUM AVERAGE MAXIMUM
$520 $1,500 $9,700

How much money does a family need in a month to survive in Havana?

Families in Havana spend around 36,000 CUP per month on average. Depending on the lifestyle, a family can survive with a monthly budget as low as 13,000 CUP or as high as 230,000 CUP. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Havana


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Havana

Dining, food, and beverages costs


Fast food combo meal

22 CUP 43 CUP 72 CUP
MINIMUM AVERAGE MAXIMUM
$0.90 $1.8 $3

Restaurant meal for one

76 CUP 110 CUP 230 CUP
MINIMUM AVERAGE MAXIMUM
$3.2 $4.8 $9.5

Fine dining meal for one

150 CUP 230 CUP 910 CUP
MINIMUM AVERAGE MAXIMUM
$6.3 $9.5 $38

Cappuccino or latte

18 CUP 29 CUP 43 CUP
MINIMUM AVERAGE MAXIMUM
$0.75 $1.2 $1.8

Grocery and market costs


Milk large bottle

14 CUP 17 CUP 22 CUP
MINIMUM AVERAGE MAXIMUM
$0.60 $0.72 $0.90

12 eggs

11 CUP 14 CUP 22 CUP
MINIMUM AVERAGE MAXIMUM
$0.45 $0.60 $0.90

Fresh whole chicken

25 CUP 32 CUP 45 CUP
MINIMUM AVERAGE MAXIMUM
$1 $1.3 $1.9

Pack of beef

29 CUP 43 CUP 87 CUP
MINIMUM AVERAGE MAXIMUM
$1.2 $1.8 $3.6

Medium bag of rice

12 CUP 16 CUP 23 CUP
MINIMUM AVERAGE MAXIMUM
$0.49 $0.67 $0.94

Bag of tomatos

4.3 CUP 5.8 CUP 11 CUP
MINIMUM AVERAGE MAXIMUM
$0.18 $0.24 $0.45

Bag of apples

7.7 CUP 10 CUP 17 CUP
MINIMUM AVERAGE MAXIMUM
$0.32 $0.42 $0.70
Chart showing the prices and cost of commute, travel, and transportation in Havana


Commute, travel, and transportation costs


20 minutes taxi ride

19 CUP 23 CUP 46 CUP
MINIMUM AVERAGE MAXIMUM
$0.79 $0.95 $1.9

Average car full tank

110 CUP 140 CUP 290 CUP
MINIMUM AVERAGE MAXIMUM
$4.5 $6 $12

Average car 1-day rental

120 CUP 160 CUP 240 CUP
MINIMUM AVERAGE MAXIMUM
$5 $6.6 $10

Average car price

54,000 CUP 110,000 CUP 140,000 CUP
MINIMUM AVERAGE MAXIMUM
$2,300 $4,500 $6,000

Bus ticket one way

4 CUP 6 CUP 12 CUP
MINIMUM AVERAGE MAXIMUM
$0.17 $0.25 $0.50

Car Service

160 CUP 240 CUP 480 CUP
MINIMUM AVERAGE MAXIMUM
$6.6 $10 $20
Chart showing the prices and cost of utility, energy, water, and gas in Havana


Utility cost (monthly)


Utility Bill - Family

630 CUP 1,800 CUP 12,000 CUP
MINIMUM AVERAGE MAXIMUM
$26 $75 $490

Internet and cable

110 CUP 220 CUP 290 CUP
MINIMUM AVERAGE MAXIMUM
$4.5 $9 $12

Mobile phone charges

87 CUP 140 CUP 430 CUP
MINIMUM AVERAGE MAXIMUM
$3.6 $6 $18

Leisure and activities costs


Movie ticket

54 CUP 72 CUP 110 CUP
MINIMUM AVERAGE MAXIMUM
$2.3 $3 $4.5

One month gym membership

190 CUP 240 CUP 480 CUP
MINIMUM AVERAGE MAXIMUM
$8 $10 $20
Chart showing the prices and cost of clothing and accessories in Havana


Cloths and accessories costs


Pair of jeans or pants

140 CUP 200 CUP 300 CUP
MINIMUM AVERAGE MAXIMUM
$5.9 $8.3 $12

Woman dress

130 CUP 180 CUP 600 CUP
MINIMUM AVERAGE MAXIMUM
$5.5 $7.7 $25

Woman shoes

130 CUP 170 CUP 400 CUP
MINIMUM AVERAGE MAXIMUM
$5.2 $7.1 $17

Men's shoes

110 CUP 130 CUP 270 CUP
MINIMUM AVERAGE MAXIMUM
$4.5 $5.5 $11

Men suit

120 CUP 150 CUP 800 CUP
MINIMUM AVERAGE MAXIMUM
$5 $6.2 $33

Regular t-shirt

60 CUP 80 CUP 240 CUP
MINIMUM AVERAGE MAXIMUM
$2.5 $3.3 $10
Chart showing the prices and cost of housing, accommodation, and rent in Havana


Housing costs / monthly rent


Studio apartment

2,000 CUP 3,000 CUP 8,000 CUP
MINIMUM AVERAGE MAXIMUM
$83 $120 $330

1-bedroom apartment

3,000 CUP 4,800 CUP 12,000 CUP
MINIMUM AVERAGE MAXIMUM
$120 $200 $500

2-bedroom apartment

4,000 CUP 6,000 CUP 16,000 CUP
MINIMUM AVERAGE MAXIMUM
$170 $250 $660

Housing costs / Buying


Studio apartment

400,000 CUP 600,000 CUP 1.2M CUP
MINIMUM AVERAGE MAXIMUM
$17,000 $25,000 $50,000

1-bedroom apartment

480,000 CUP 800,000 CUP 3M CUP
MINIMUM AVERAGE MAXIMUM
$20,000 $33,000 $120,000

2-bedroom apartment

800,000 CUP 2.4M CUP 4.8M CUP
MINIMUM AVERAGE MAXIMUM
$33,000 $100,000 $200,000
Chart showing the prices and cost of furniture in Havana


Furniture Costs


King Size Bed

2,200 CUP 2,700 CUP 3,600 CUP
MINIMUM AVERAGE MAXIMUM
$90 $110 $150

Double Bed

1,400 CUP 2,200 CUP 2,700 CUP
MINIMUM AVERAGE MAXIMUM
$60 $90 $110

Single Bed

1,300 CUP 1,700 CUP 2,200 CUP
MINIMUM AVERAGE MAXIMUM
$53 $70 $90

Living Room

2,400 CUP 3,100 CUP 11,000 CUP
MINIMUM AVERAGE MAXIMUM
$100 $130 $450

Dining Table

1,100 CUP 1,400 CUP 2,700 CUP
MINIMUM AVERAGE MAXIMUM
$45 $60 $110

Sofa or Couch

1,400 CUP 2,000 CUP 4,300 CUP
MINIMUM AVERAGE MAXIMUM
$60 $82 $180
Chart showing the prices and cost of electronic devices and appliances in Havana


Electronics and House Appliance Costs


TV Set

1,400 CUP 2,200 CUP 4,300 CUP
MINIMUM AVERAGE MAXIMUM
$60 $90 $180

Fridge or Freezer

1,300 CUP 2,000 CUP 2,700 CUP
MINIMUM AVERAGE MAXIMUM
$53 $82 $110

Washing Machine

1,700 CUP 2,400 CUP 4,300 CUP
MINIMUM AVERAGE MAXIMUM
$70 $100 $180

Stove or Cooker

1,500 CUP 2,000 CUP 2,700 CUP
MINIMUM AVERAGE MAXIMUM
$65 $82 $110

Mobile Phone

1,800 CUP 2,200 CUP 3,100 CUP
MINIMUM AVERAGE MAXIMUM
$75 $90 $130

Laptop or Computer

2,000 CUP 2,400 CUP 4,300 CUP
MINIMUM AVERAGE MAXIMUM
$82 $100 $180
Family cost of living and expenditure to income ratio in Havana

Family expenditure to income ratio in Havana

Analysing the how affordable it is for families to live in Havana

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Families usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a family of four ranges between 70% to 80%.


Spending to Income Ratio

98%

89% to 110%

( expenditure / income ) x 100


Families in Havana spend around 98% of their monthly income. Some families spend as low as 89% of their income while some as high as 110%.

Distribution of monthly cost of living expenses of a family in Havana

How do families spend their money in Havana?

We asked thousands of families about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for families

Accomodation Cost26%

26% of total expenses on average (21% to 36%)

LOW$170   4,000 CUP
AVERAGE$480   11,000 CUP
HIGH$3,100   75,000 CUP
Per Month

Families in Havana typically spend from 21% to 36% of their total monthly expenditure on housing with 26% being the average. The average monthly spend on housing is 11,000 CUP with expenditure ranging from 4,000 CUP to 75,000 CUP. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for families

Cost of utilities5%

5% of total expenses on average (3% to 8%)

LOW$26   630 CUP
AVERAGE$75   1,800 CUP
HIGH$490   12,000 CUP
Per Month

Utility expenditure like electricity, water, and gas in Havana ranges from 3% to 8% of total expenses with 5% being the average for most families. The average monthly cost of utilities is 1,800 CUP with 630 CUP and 12,000 CUP being the upper and lower limits for a family of four.

Transport, fuel, and commute expenditure for families

Cost of transport and fuel5%

5% of total expenses on average (3% to 7%)

LOW$52   1,300 CUP
AVERAGE$150   3,600 CUP
HIGH$970   23,000 CUP
Per Month

Fuel consumption and cost of transport depend heavily on whether a family resides near school and work, but roughly speaking a family would expect to spend from 1,300 CUP to 23,000 CUP in a month on commuting with 3,600 CUP being the norm for most families. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 7%.

Food, groceries, and basic shopping expenditure for families

Food and Groceries Cost21%

21% of total expenses on average (14% to 27%)

LOW$94   2,300 CUP
AVERAGE$270   6,500 CUP
HIGH$1,800   42,000 CUP
Per Month

The average outlay on groceries and basic houshold items for a typical family in a month in Havana is 6,500 CUP. The cost of groceries can range between 2,300 CUP to 42,000 CUP. Families spend on average about 21% on food and groceries with upper and lower bounds of 14% and 27% respectively.

Healthcare and medical services expenditure for families

Cost of healthcare11%

11% of total expenses on average (7% to 16%)

LOW$47   1,100 CUP
AVERAGE$150   3,600 CUP
HIGH$780   19,000 CUP
Per Month

Families in Havana allocate 7% to 16% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 1,100 CUP to 19,000 CUP with 3,600 CUP being the norm for most families.

Leisure and shopping expenditure for families

Cost of leisure and shopping3%

3% of total expenses on average (1% to 7%)

LOW$26   630 CUP
AVERAGE$75   1,800 CUP
HIGH$490   12,000 CUP
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 630 CUP to 12,000 CUP with 1,800 CUP being the average. Speaking of percentages, that equates to 1% to 7% of total expenses with an average of 3% for most families.

Education and schooling expenditure for families

Cost of education and schooling13%

13% of total expenses on average (6% to 21%)

LOW$73   1,800 CUP
AVERAGE$210   5,000 CUP
HIGH$1,400   33,000 CUP
Per Month

Spending on education can vary drastically between different families. On average, education constitutes 13% of the monthly expenditure of families with 6% and 21% being the lower and upper bounds respectively. The average reported education cost is 5,000 CUP per month with 1,800 CUP being the minimum spent amount and 33,000 CUP being the maximum.

Other Expenses16%

16% of total expenses on average (9% to 21%)

LOW$42   1,000 CUP
AVERAGE$120   2,900 CUP
HIGH$780   19,000 CUP
Per Month
Percentage of families who manage to save money from their income every month in Havana

What percentage of families in Havana are able to save money and how much can they save?


Percentage of families that reported their ability to save money


Saving Money
57%
Not Saving
43%

Almost 57% of surveyed families in Havana said that they can save some money at the end of each month while 43% reported that they have to utilize their whole income to survive.


Family savings to income ratio in Havana

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do families manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

9.8% 17% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

4,200 CUP
$170
12,000 CUP
$500
77,000 CUP
$3,200
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%39%
10% - 20%30%
20% - 30%20%
30% - 40%5%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families that are able to save money can put anywhere from 9.8% to 29% of their monthly income to their savings, with 17% being the average for most families. The average monthly amount of money that families can put aside is 12,000 CUP with 4,200 CUP and 77,000 CUP being the minimum and maximum respectively.

Reasons that make it difficult for families to save money in Havana

Saving Challenges in Havana

Reasons that make it difficult for families to save money

We wanted to understand what is stopping families from maximizing their savings in Havana. Listed below are the answers given by the survey participants.


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the families said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 14% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 11% of families blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Where do families choose to put their savings in Havana

Typical saving choices for families in Havana

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks4%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for families to live in Havana

Affordable living in Havana

Income and cost of living compatibility

We asked families one simple question and recorded their answers.

Is it affordable or economical to live in Havana?


Yes
63%
No
37%

Around 63% of surveyed families think that living in Havana is affordable with proper budgeting while 37% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for families. Are there plenty of low-cost options in Havana

Low-cost alternatives in Havana

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked families how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options62%

Few low-cost options38%


Based on the survey, 62% of the families living in Havana have no problem finding low-cost alternatives to support a frugal lifestyle while 38% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Families

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked families of Havana whether they have an emergency fund and the answers were as follows.

Yes62%

No38%


Based on the survey, 38% of the families living in Havana said that they don't have an emergency fund while 62% said that they do.

Financial literacy and difficulty in budgeting and financial planning for families in Havana

Financial Literacy in Cuba

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy53%


We asked family guardians and parents in Havana whether they acquired any adequate personal financial training in their lives. Approximately 47% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 53% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether families of Cuba have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 41% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 59% said that they have everything under control.

Struggles with finance41%

Easily manages finances59%

Financial goals and targets of families living in Havana

Financial goals of families in Havana

In an attempt to understand the economic situation in Havana, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund8%
Debt Reduction42%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle7%
Healthcare Expenses13%
Financial Independence5%

Around 8% of families said that their main goal is to establish an emergency fund to cover unexpected expenses while 42% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 7% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of families who are in debt in Havana

Debt, loans, and mortgages in Havana


Percentage of families who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the families in Havana have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Havana

Debt-to-income ratio in Havana

Debt to income ratio

34%

24% to 42%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 34% of a family's monthly income in Havana goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%17%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%13%
0% - 10%26%

According to our data, 3% of the debtors in Havana pay 60%+ of their income as debt settlement while 17% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Havana

Debt% People
Real Estate Mortgage9%
Auto Loan16%
Student Loan4%
Credit Card29%
Personal Loan42%

9% of debtors in Havana confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 16% of people and personal loans rose at 42%. Lastly, student loans are the main source of debt for 4% of debtors in Havana.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Havana

Besides measuring the loan-to-income ratio, we asked families of Havana how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never51%
Once a year24%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Havana

Housing costs, accommodation, and housing affordability in Havana

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Havana

Monthly Rent Prices

Studio apartment monthly rent cost

2,000 CUP 3,000 CUP 8,000 CUP
MINIMUM AVERAGE MAXIMUM
$83 $120 $330

1-bedroom apartment monthly rent cost

3,000 CUP 4,800 CUP 12,000 CUP
MINIMUM AVERAGE MAXIMUM
$120 $200 $500

2-bedroom apartment monthly rent cost

4,000 CUP 6,000 CUP 16,000 CUP
MINIMUM AVERAGE MAXIMUM
$170 $250 $660

3-bedroom apartment monthly rent cost

4,800 CUP 8,000 CUP 22,000 CUP
MINIMUM AVERAGE MAXIMUM
$200 $330 $910

Furnished apartment monthly rent cost

9,600 CUP 24,000 CUP 48,000 CUP
MINIMUM AVERAGE MAXIMUM
$400 $1,000 $2,000

Townhouse monthly rent cost

8,000 CUP 12,000 CUP 34,000 CUP
MINIMUM AVERAGE MAXIMUM
$330 $500 $1,400

House monthly rent cost

9,600 CUP 24,000 CUP 48,000 CUP
MINIMUM AVERAGE MAXIMUM
$400 $1,000 $2,000

Villa monthly rent cost

12,000 CUP 30,000 CUP 48,000 CUP
MINIMUM AVERAGE MAXIMUM
$500 $1,200 $2,000

The monthly rental cost of a studio apartment in Havana ranges between 2,000 CUP and 8,000 CUP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 3,000 CUP to 12,000 CUP. Two-bedroom rentals rate ranges between 4,000 CUP and 16,000 CUP per month. The monthly rental for a three-bedroom apartment ranges from 4,800 CUP to 22,000 CUP. The average rent of a townhouse in Havana is around 12,000 CUP while house rental costs can be as high as 24,000 CUP per month. Finally, if you want to rent a villa, expect to pay anywhere from 12,000 CUP to 48,000 CUP per month.



Apartment and house prices in Havana

Cost of buying a property

Studio apartment price

400,000 CUP 600,000 CUP 1.2M CUP
MINIMUM AVERAGE MAXIMUM
$17,000 $25,000 $50,000

1-bedroom apartment price

480,000 CUP 800,000 CUP 3M CUP
MINIMUM AVERAGE MAXIMUM
$20,000 $33,000 $120,000

2-bedroom apartment price

800,000 CUP 2.4M CUP 4.8M CUP
MINIMUM AVERAGE MAXIMUM
$33,000 $100,000 $200,000

3-bedroom apartment price

2.7M CUP 4M CUP 12M CUP
MINIMUM AVERAGE MAXIMUM
$110,000 $170,000 $500,000

Townhouse price

3.4M CUP 8M CUP 30M CUP
MINIMUM AVERAGE MAXIMUM
$140,000 $330,000 $1.2M

House price

4M CUP 24M CUP 34M CUP
MINIMUM AVERAGE MAXIMUM
$170,000 $1,000,000 $1.4M

Villa price

4.8M CUP 27M CUP 40M CUP
MINIMUM AVERAGE MAXIMUM
$200,000 $1.1M $1.7M

The average price of a studio apartment in Havana can range from 400,000 CUP to 1.2M CUP depending on location. One bedroom cost can be anywhere from 480,000 CUP to 3M CUP. A villa can cost you 27M CUP on average with prices ranging from 4.8M CUP to 40M CUP.


If you're leasing or purchasing, housing costs in Havana will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


37 x106 monthly income 216
MINIMUM AVERAGE MAXIMUM

Property prices in Havana can be x106 to x216 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x106 multiples of the average monthly salary in Havana.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


22% 33% of income 43%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Havana is around 33%. This means that people pay 33% of their income for rent. Those figures can range from 22% to 43% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
30%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2%
AVERAGE
3%
TO
3.9%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


36 CUP 470 CUP 4,700 CUP
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Havana

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Havana

Utility Bill Cost / Electricity + Water + Gas / Family

630 CUP 1,800 CUP 12,000 CUP
MINIMUM AVERAGE MAXIMUM
$26 $75 $490

Internet and cable cost

110 CUP 220 CUP 290 CUP
MINIMUM AVERAGE MAXIMUM
$4.5 $9 $12

Mobile phone bill and charges

87 CUP 140 CUP 430 CUP
MINIMUM AVERAGE MAXIMUM
$3.6 $6 $18

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of families is around 1,800 CUP. The cost of internet and WiFi ranges from 110 CUP to 290 CUP with 220 CUP being the average internet bill. Finally, the average monthly mobile charges is around 140 CUP but can range between 87 CUP and 430 CUP depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3.3% 6.5% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Havana is around 6.5%. This means that people pay 6.5% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.3% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Havana

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Havana

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

22 CUP 43 CUP 72 CUP
MINIMUM AVERAGE MAXIMUM
$0.90 $1.8 $3

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Havana is approximatly 43 CUP with meal cost ranging from 22 CUP to 72 CUP. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

76 CUP 110 CUP 230 CUP
MINIMUM AVERAGE MAXIMUM
$3.2 $4.8 $9.5

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 76 CUP and 230 CUP with 110 CUP being the average price of a plate for one person at a regular restaurant in Havana.

Fine dining meal for one price

150 CUP 230 CUP 910 CUP
MINIMUM AVERAGE MAXIMUM
$6.3 $9.5 $38

The price range of a meal at fine-dining restaurant is 150 CUP to 910 CUP with the average cost being 230 CUP for one person. This is what you would expect to pay a top-tier diner in Havana.

Beverage prices, cappuccino, latte etc..

18 CUP 29 CUP 43 CUP
MINIMUM AVERAGE MAXIMUM
$0.75 $1.2 $1.8

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Havana is around 29 CUP. Price ranges between 18 CUP and 43 CUP depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

14 CUP 17 CUP 22 CUP
MINIMUM AVERAGE MAXIMUM
$0.60 $0.72 $0.90

The average price of a large bottle of milk in Havana is 17 CUP. The maximum what you would pay for milk is 22 CUP and the minimum being 14 CUP depending on the brand of milk and other properties.

12 eggs price

11 CUP 14 CUP 22 CUP
MINIMUM AVERAGE MAXIMUM
$0.45 $0.60 $0.90

A dozen eggs costs around 14 CUP on average with 11 CUP and 22 CUP being the lower and upper limits respectively.

Fresh whole chicken price

25 CUP 32 CUP 45 CUP
MINIMUM AVERAGE MAXIMUM
$1 $1.3 $1.9

The price range of a fresh whole chicken in Havana is between 25 CUP and 45 CUP depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 32 CUP.

Pack of beef price

29 CUP 43 CUP 87 CUP
MINIMUM AVERAGE MAXIMUM
$1.2 $1.8 $3.6

The price of a regular pack of beef or meat is around 43 CUP. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

12 CUP 16 CUP 23 CUP
MINIMUM AVERAGE MAXIMUM
$0.49 $0.67 $0.94

A bag of rice in Havana costs around 16 CUP on average with prices rangeing between 12 CUP and 23 CUP depending on the brand and quality.

Bag of tomatos price

4.3 CUP 5.8 CUP 11 CUP
MINIMUM AVERAGE MAXIMUM
$0.18 $0.24 $0.45

A bag of tomatoes costs anywhere from 4.3 CUP to 11 CUP. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

7.7 CUP 10 CUP 17 CUP
MINIMUM AVERAGE MAXIMUM
$0.32 $0.42 $0.70

A bag of apples costs 10 CUP on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


21% 29% of income 36%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Havana is around 29%. This means that families spend 29% of their income on grocery and basic household items. The expenditure can range from 21% to 36% depending on salary and location.


Expenditure on food and grocery for families

Families' spending on grocery ranges from 2,300 CUP to 42,000 CUP with the location, income, and size of the family being the most determinite factors.

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