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.
Employment in Cuba
Food insecurity
Despite having almost all the entire workforce employed, the Cuban population faces many challenges. In a survey in 2023, 70 percent of the population claimed that the food crisis that the country faces is the main social problem, followed by salaries with 50 percent. The difficulty of accessing food is widespread, as one in two Cubans have admitted to gone without food at least one day in 2023.
FAQs
Mean wage of households in Cuba 2023
What is the median household income in Cuba? ›
Another recent consumer study by the Boston Consulting Group found that about half the Cuban population lives with a median household income of $300 to $400 a year. However, it also found that about half of Cuban consumers — mainly those in urban areas — had a household income of $1,000 to $2,000.
What was the average household income in 2023? ›
California State Median Income for FFY 2023
| Estimated state median income for a 4-person family | 60 Percent of Estimated State Median Income* |
| 1-Person Family | 2-Person Family |
|---|
| $103,856 | $32,402 | $42,372 |
Economy of Cuba
| Statistics |
|---|
| Revenues | 54.52 billion (2017 est.) |
| Expenses | 64.64 billion (2017 est.) |
| Economic aid | $88 million (2005 est.) |
| Foreign reserves | $11.35 billion (31 December 2017 est.) |
28 more rowsHighlights. Real median household income was $74,580 in 2022, a 2.3 percent decline from the 2021 estimate of $76,330 (Figure 1 and Table A-1).
What is the average family in Cuba? ›
Average household size
| 2010 | 2018 |
|---|
| Cuba (America) | |
|---|
| Total | 3.10 | 2.75 |
| C. Habana | 2.99 | 2.69 |
| Camaguey | 2.80 | 2.72 |
13 more rowsData for Cuba, Upper middle income.
How much does a house cost in Cuba? ›
The median sale price of a home in Cuba was $90K last month, up 48.8% since last year. Themedian sale price per square foot in Cuba is $44, down 20.7% since last year.…
What is the minimum wage in Cuba in US dollars? ›
Cuba. The minimum wage in Cuba is CUP1,910 ($79.58) per month.
What percent of Cuba is in poverty? ›
For a country with a struggling economy, Cuba has a notably low unemployment rate compared to countries with a similar economic standing. Cuba has no minimum national wage, and in 2022, a report by the Cuban Observatory for Human Rights (OCDH) revealed that more than 72% of Cubans are living below the poverty line.
In 2021, households with a White householder made up 65.3% of all U.S. households and held 80.0% of all wealth.
How many people make over 100k? ›
Over one-third (37.1%) of U.S. households earned at least $100,000 in 2022. If you want to increase your income, you could develop new skills, negotiate a raise, apply for a new job or promotion, or build another income stream.
What ethnic group makes the most money in America? ›
Asian Americans, with a population of around 1.8 crore, are the highest-earning ethnic group in the USA. The median household income for Asian-Americans stands at $87,243. However, Indians are the leading ethnic group among Asian-Americans.
How much money is a house in Cuba? ›
The median sale price of a home in Cuba was $90K last month, up 48.8% since last year. Themedian sale price per square foot in Cuba is $44, down 20.7% since last year.…
How much money do you need to live comfortably in Cuba? ›
A family of four estimated monthly costs are 2,334.8$ without rent. A single person estimated monthly costs are 685.1$ without rent. Cost of living in Cuba is, on average, 33.8% lower than in United States. Rent in Cuba is, on average, 71.6% lower than in United States.
What is the minimum wage in Cuba? ›
Cuba's minimum wage is fixed at CUP 2,100 ($87.52) per month.
What is the average monthly cost of living in Cuba? ›
The average cost of living in Cuba is around 22018.73 CUP per month for a single person. It can vary according to a person's living standards. Cuba has 60 prestigious universities, such as The University of Havana, The University of Granma, The University of Camaguey and many others.
