Cuba, IL vs Panama, IL

Cuba, IL and Panama, IL have a very similar cost of living, with only a 3% difference in their overall index. Cuba scores 65 while Panama scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cuba is $881/month compared to $833/month in Panama — a 6% difference. Home values follow the same pattern: Panama is more affordable at $60,800 median vs $61,900.

Median household income in Cuba is $41,250 compared to $60,096 in Panama (-31.4%). Panama offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cuba spend roughly 25.6% of their income on rent, more than the 16.6% in Panama.