Average Salary in Cuba 2024

Discover the intricacies of Cuba's salary system in this eye-opening article. Unveiling the country's pay scale, wage gap, salary yearly increments, and breakdown based on education level or years of experience, this extensive analysis sheds light on the dynamics of income distribution in Cuba. Gain a deeper understanding of how these factors influence earnings and explore the mechanisms behind the country's unique salary structure.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Cuba in 2024?

What is the average salary in Cuba in 2024?
40USD
(USD 400 yearly)
Low 20 USD
Average 40 USD
High 150 USD
The typical earnings in Cuba amount to around USD 40 per month. However, the salary spectrum extends from as low as USD 20 (lowest average) to as high as USD 150 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in Cuba in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in Cuba

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 150, 75% of the people earn USD 50 or less. 50% employees earn less USD 40 or less, 25% of the employees earn less than USD 30.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 150, 75% of the people earn USD 50 or less. 50% employees earn less USD 40 or less, 25% of the employees earn less than USD 30.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Cuba the minimum salary is USD 20.

Median Salary

With half of the values above and half below it, the median salary in Cuba serves as the middle point of all salaries in a dataset. This measurement provides a more balanced representation of income distribution and is commonly utilized to determine average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Cuba the salary ranges from USD 20 to USD 150.

Annual Salary Increments in Cuba

What is the average annual salary increment in the Cuba? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Cuba was around 0.6%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Cuba witnessed an average salary increase of 0.6%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Cuba

The salary of employees in Cuba has been increasing in recent years, with an average yearly increment of 2.3%. The increment ranges from 0.4% to 4.9% per year.Download chartGet chart linkShare on FacebookShare on Twitter
In recent years, the salary of employees in Cuba has witnessed an average yearly increase of 2.3%. This corresponds to a range of 0.4% to 4.9% increment per year.

Salary Forecast and Trends for the Future in Cuba

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.1%. Estimated range is between 1.2% and 3.3%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.1%. Estimated range is between 1.2% and 3.3%.

Gender Wage Gap in Cuba

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The gender pay gap in Cuba is currently 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Cuba, the gender wage gap is 8.0%.
It's due to many factors, such as:
  • Gender bias.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Compared to men, women are less likely to hold a college degree.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The successful completion of high school and attainment of a bachelor's degree bring forth a wide range of advantages. Primarily, they greatly enhance one's career prospects by increasing earning potential and opening doors to a broader range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. underscores an unwavering commitment to intellectual exploration and a promising and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of about 9%-13%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 9%-13%. Expertise and leadership yield higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Cuba

What is the average hourly wage in the Cuba?

Average Hourly Wage
0USD
Low 0 USD
Average 0 USD
High 1 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks ordinarily related to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions have a higher risk of job insecurity compared to salaried positions because of their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Limited opportunities for career growth, professional development, or upward mobility within the organization may be observed in certain hourly jobs.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Cuba

What are the best paying jobs in Cuba?

List with best paid jobs in CubaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Cuba?

  1. Surgeon (USD 150)
  2. Doctor (USD 140)
  3. Chief Executive Officer (CEO) (USD 130)
  4. Registered Nurse Anesthetist (USD 130)
  5. Dentist (USD 120)
  6. Airline Pilot (USD 120)
  7. Intellectual Property Lawyer (USD 110)
  8. Marketing Manager (USD 100)
  9. Marketing Director (USD 100)
  10. Sales Director (USD 100)
  11. Sales Manager (USD 100)
  12. Petroleum Engineer (USD 90)
  13. Brand Manager (USD 90)
  14. Marketer (USD 90)
  15. Judge (USD 90)
  16. Treasurer (USD 90)
  17. Controller (USD 90)
  18. Pharmacist (USD 90)
  19. Tax Lawyer (USD 90)
  20. Lawyer (USD 90)
List with worst paid jobs in CubaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Cuba?

  1. Cashier (USD 20)
  2. Childcare Worker (USD 20)
  3. Stock clerk (USD 20)
  4. Elder Care Worker (USD 20)
  5. Receptionist (USD 20)
  6. Bartender (USD 20)
  7. Food and beverage server (USD 20)
  8. Janitor (USD 20)
  9. Waiter (USD 20)
  10. Tour Guide (USD 20)
  11. Customer Service Representative (USD 30)
  12. Hotel Concierge (USD 30)
  13. Rehabilitation Counselor (USD 30)
  14. Travel Agent (USD 30)
  15. Secretary (USD 30)
  16. Painter (USD 30)
  17. Carpenter (USD 30)
  18. Bus Driver (USD 30)
  19. Artist (USD 30)
  20. Truck Driver (USD 40)
List with best paid industries in CubaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 100)
  2. Business and Management (USD 80)
  3. Marketing and Sales (USD 80)
  4. Engineering (USD 70)
  5. Law (USD 70)
  6. Accounting and Finance (USD 70)
  7. Computer and Information Technology (USD 70)
  8. Transportation and Logistics (USD 70)
  9. Science (USD 60)
  10. Education and Training (USD 50)
  11. Other (USD 40)
  12. Hospitality and Tourism (USD 40)
  13. Social Services (USD 30)
  14. Services (USD 30)