πŸ‡¨πŸ‡Ί

Cuba

#100 globallyCaribbean

Average salary: $3,000/year Β· Currency: CUP $

Mean Annual Salary

$3,000

gross USD

Median Annual Salary

$2,200

gross USD

GDP per Capita

$8,822

current USD

PPP Factor

Γ—0.30

vs USD base

Tax Breakdown at Median Salary

Estimated
Gross Income$2,200
Income Tax$286
Social Security$110
Health Insurance$44

Take-Home (Net) Annual

$1,760

Effective Tax Rate

20.0%

* Based on median salary of $2,200. Estimated combined rate. Consult a tax professional for accurate calculations.

πŸ‡¨πŸ‡Ί Cuba Economic Overview

Currency

CUP ($)

Region

Caribbean

Population

11.2M

Gini Coefficient

0.380

Cost of Living Index

30 (US=100)

Tax Data Available

Estimated

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Salary vs Global Benchmarks

Global Mean$18,000
Caribbean Mean$6,333
Cuba Mean$3,000

Global Ranking

#100

out of 117 countries

by average salary

About Salaries in Cuba

The average annual salary in Cuba is approximately $3,000 (gross, in USD), with a median of $2,200. The country ranks #100 out of 117 countries by average salary.

At the median salary, workers in Cuba take home approximately $1,760 after taxes β€” an effective tax rate of 20.0%. The purchasing power parity factor of Γ—0.3 means that in real terms, living costs are lower than in the United States.

Cuba is located in the Caribbean region. Income inequality, measured by the Gini coefficient, is 0.380 (moderate inequality).