Traveling To Cuba: How Much Money Should You Bring?

what is a good amount to travel to cuba with

Cuba is a vibrant island full of sunshine and salsa, where travellers can spend their days sampling local cigars and mojitos, cruising along narrow streets in vintage cars, and snapping photos of pastel-shaded historical buildings. While Cuba has a reputation for being an expensive destination, there are plenty of ways to save money. If you’re on a tight backpacker budget, you can get by on as little as $20 a day. As a mid-range traveller, you might spend $120 a day. If you’re looking for luxury, you can expect to spend upwards of $300 a day.

It's important to note that US credit and debit cards cannot be used in Cuba, so it's essential to bring enough cash to cover your trip. US dollars can be exchanged for Cuban currency at the airport, hotels, or exchange houses. Additionally, be aware of potential scams and overcharging, especially when it comes to taxis and classic car rentals.

When it comes to accommodation, prices can range from $26 to $150 per night, depending on your budget and preferences. Transportation costs will depend on your chosen methods, with bus tickets ranging from $10 to $33 for popular routes, while car rentals can be more expensive. Food costs vary widely, with street food and local restaurants offering meals for under $1, while fine dining can average $35 per person.

Overall, with careful planning and an understanding of the local economy, you can determine a suitable budget for your trip to Cuba that aligns with your desired level of comfort and activities.

Characteristics Values
Currency Cuban Peso (CUP)
Currency Exchange Rate 100 CUP = 4.20 USD
Average Daily Budget 20-300 USD
Average Daily Budget (Mid-Range) 120 USD
Average Daily Accommodation Cost 77 USD
Average Daily Transportation Cost 19 USD
Average Daily Food Cost 37 USD
Average Daily Activities Cost 23 USD
Accepted Foreign Currencies USD, EUR, CAD, AUD
Accepted Payment Methods Cash, Credit Card (limited)

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How much money to bring

The amount of money you should bring to Cuba depends on your budget and spending habits. Cuba has a reputation for being an expensive vacation destination, but there are ways to save money while visiting the island. If you are on a tight backpacker budget, you can get by on as little as $20 per day. As a mid-range traveller, you might spend around $120 per day. If you are looking for luxury, you can expect to spend upwards of $300 per day.

Currency

In Cuba, you will use the Cuban Peso (CUP) for all your transactions. 100 CUP is equivalent to 4.20 US dollars (as of early 2023).

Exchanging Money

It is recommended to bring cash with you to Cuba, as finding a working ATM can be difficult. US credit and debit cards cannot be used in Cuba, and while other foreign currencies (such as pounds and euros) may be accepted in private guesthouses and restaurants, it is best to plan to use cash for most transactions.

You can exchange US dollars into Cuban currency at the airport, hotels, or exchange houses. However, be aware that exchanging money on the street or anywhere other than authorised entities is illegal.

Daily Expenses

  • Accommodation: The average cost of accommodation is $77 per day. This can range from $26 per night for a basic Airbnb to $150 per night for a luxury hotel.
  • Transportation: The average cost of transportation is $19 per day. Bus travel between cities can cost between $10 and $33, depending on the route. Car hires and taxi rides can be more expensive.
  • Food: The average cost of food is $37 per day. Street food and "peso food" are the most affordable options, with meals costing less than $1. Eating out at restaurants can range from $3 for a simple dish to $35 for a fine dining experience.
  • Activities: The average cost of activities is $23 per day. This includes tours, museum entries, and other entertainment.

Tips

  • It is recommended to bring small bank notes to facilitate daily transactions such as street food, taxis, and tips.
  • Avoid carrying large amounts of cash, and always keep your belongings secure.
  • Be cautious when using debit or credit cards, and only use ATMs located in well-lit public areas or inside banks.
  • Confirm prices before consuming any goods or services to avoid being overcharged.
  • US citizens should be aware that they will need to obtain a Cuban tourist visa before travelling to Cuba.

Sample Budget for a Week in Cuba

Based on the above estimates, here is a sample budget for one week in Cuba:

  • Accommodation: $77 x 7 nights = $539
  • Transportation: $19 x 7 days = $133
  • Food: $37 x 7 days = $259
  • Activities: $23 x 7 days = $161

Total estimated expenses for the week: $1092

This budget can be adjusted based on your personal spending habits and preferences. It is always a good idea to bring extra cash in case of unexpected expenses.

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Where to exchange currency

When it comes to exchanging currency in Cuba, there are a few things to keep in mind. Firstly, it's important to bring cash, preferably in US dollars or Euros, as these are the most valuable currencies in the Cuban market. While you can exchange any type of currency on the island, most travellers opt for US dollars or Euros.

Secondly, it's recommended to avoid exchanging money at the airport or at CADECA, the official state-run money exchange locations. The exchange rate at these places is not favourable and you will get a better rate elsewhere. Instead, wait until you arrive at your destination and ask your accommodation host to direct you to an informal money changer, as they usually have contacts who can offer a better exchange rate.

If you're staying in a hotel, you can also ask the staff for recommendations on where to exchange money informally. They might be able to direct you to someone who can offer a better rate than the official exchange rate. Keep in mind that exchanging money in Cuba can be tricky, and it's important to be cautious and aware of the current exchange rates to ensure you're getting a fair deal.

Additionally, it's a good idea to bring cash in smaller denominations to limit the amount of Cuban currency you'll receive as change. And remember, if you're a US traveller, your bank cards and credit cards will not work in Cuba due to the US embargo, so bringing enough cash to cover your entire trip is crucial.

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Cost of accommodation

The cost of accommodation in Cuba varies depending on location, date, season, and level of luxury. On average, accommodation costs $47 per night for two people sharing a typical double-occupancy hotel room, with prices ranging from $23 per night for one person sharing a room to $150 per night for a sophisticated boutique hotel.

Budget-Friendly Options

  • Villa Papo y Mileidys Balcón a las Montañas: Located in Viñales Valley, this Airbnb offers a private apartment with a balcony overlooking the valley. The hosts can arrange various excursions such as horseback riding and trailblazing. Wi-fi and air conditioning are available in every room, and a breakfast is served for a small price. The rate is $27 per night.
  • Sunrise Ha Tu Vera: Located in Santiago De Cuba, minutes from the historic centre, this Airbnb provides a local experience with amenities and comfort. The host offers a delicious and affordable Cuban breakfast. The rate is $26 per night.
  • Casa de la Trinidad: Known for its impeccable customer service, this hotel in Trinidad offers cleanliness, elegance, and Cuban spirit. It features a bar, a free daily breakfast, and an unbeatable location for exploring the city. The rate is $65 per night.

Mid-Range Options

Elegancia Suites Havana: Located in a convenient spot in Havana, this boutique hotel offers a unique décor, a rooftop veranda, and knowledgeable staff. It provides concierge services, tour assistance, and a lounge. The rate is $115 per night.

Luxury Options

El Candil Boutique Hotel: Located in the quiet yet convenient Vedado neighbourhood in Havana, this hotel offers sophisticated décor, a rooftop bar and pool, an exclusive restaurant, and a hair and spa salon. The rate is $150 per night.

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Cost of transportation

The cost of transportation in Cuba depends on the mode of transportation and the distance travelled.

Buses

The most popular and affordable mode of transportation in Cuba is the bus. The cost of a bus ticket can range from $0.50 to $5, depending on the distance travelled. Buses are a convenient way to explore the city and its surroundings, with frequent routes and stops.

Trains

Cuba also has a train system, although it is not as extensive as in some other countries. The cost of a train ticket can range from $5 to $20, depending on the distance and class of service. Trains can be a good option for longer journeys, offering a comfortable and scenic way to travel.

Taxis

If you prefer a more private ride, taxis are readily available in Cuba. The cost of a taxi ride can vary depending on the distance and your negotiation skills. A short ride within the city typically costs around $5, while longer distances can range from $20 to $50. Taxis are a convenient option if you're travelling with a group or have heavy luggage.

Car Rentals

For those who want more freedom and flexibility, renting a car is a popular option in Cuba. The cost of renting a car can range from $40 to $100 per day, depending on the type of vehicle and rental duration. Keep in mind that gas prices in Cuba can be high, so factor that into your budget.

Bicycles

Bicycles are commonly used as a form of transportation by both locals and visitors in Cuba. While cars and buses share the road with cyclists, helmets are rarely worn, so bring your own if you want to ride safely. Bicycle rentals in Havana start at $15 for 24 hours.

Flights

For longer distances or if you're short on time, you can consider flying within Cuba. For example, flights from Havana to Santiago de Cuba can range from $135 one way to $270 return.

Other Options

In addition to these options, there are other unique ways to get around Cuba, such as hiring a private driver with a classic 1950s vintage car or using a bici-taxi, a three-wheel pedal carriage. These options can offer a fun and memorable experience while getting from one place to another.

Overall, transportation costs in Cuba can vary depending on your chosen mode of travel and the distance covered. It's important to consider these factors when planning your trip and creating your budget.

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Cost of food

The cost of food in Cuba varies depending on the type of food and where you buy it. Here is a breakdown of what to expect when budgeting for food during your trip to Cuba.

Street Food and Local Markets

Street food, also known as "peso food," is the most affordable option. You can find meals from street vendors or small local restaurants, usually accepting payment in Cuban Pesos (CUP). A typical meal from a street vendor could include pizza, fresh fruit juice, an egg and cheese sandwich, or a simple cheese sandwich. These items often cost less than a dollar each.

Shopping at local markets that accept CUP can be even cheaper, but the experience may be frustrating due to limited items and overcrowding.

Mid-Range Restaurants

For breakfast, a coffee will cost around $2 in a café, or just a few cents if bought from a street vendor. A popular breakfast dish is bread soaked in coffee and warm milk, which typically costs around $2. Keep in mind that many restaurants don't open until noon, so if your accommodation offers breakfast, it may be a good idea to take advantage of that.

For lunch, you can expect to pay around $8 for a simple meal like a frita (Cuban burger) or arroz con huevos (fried egg over white rice).

Dinner will be your most expensive meal, especially if you dine at tourist-oriented restaurants. A typical dinner dish like Roja Vieja (shredded beef stew) or fish dishes can start at $18. Domestic beer costs around $2, cocktails average $4, and wine starts at $2.

High-End Restaurants

Even at fine dining establishments, the average cost of a three-course meal with drinks is around $35 per person.

Daily and Trip Budget

Depending on your eating habits and preferences, you should budget around $15 per day if you plan on eating local street food and market purchases. If you prefer to dine at mid-range restaurants, add an extra $10 per day. For those who want to indulge in a few drinks each night, add another $10 to your daily budget.

For a one-week trip, a couple should plan to spend around $150 on food per day, excluding accommodation and airfare. This amounts to approximately $1,050 for the week.

Currency Exchange

It is important to note that you cannot obtain Cuban Pesos outside of Cuba. You will need to exchange your money upon arrival. Avoid exchanging money at the airport, as the rates are unfavourable and they charge a 10% fee for exchanging US Dollars. It is recommended to bring Euros or Pounds Sterling for a better exchange rate.

Additionally, US credit and debit cards are not accepted in Cuba, so be sure to bring enough cash to cover your expenses.

Sample Food Costs

  • Fritas Cubana (Cuban burger): $3
  • Cucurucho (coconut, pineapple, and sugar delicacy): 20 cents
  • Ropa Vieja (national stew dish): $7
  • Arroz con huevo (fried egg over white rice): $3

Frequently asked questions

It is recommended that you bring $100 per day as an individual or $150 per couple. This does not include accommodation or airfare, which should be booked before arriving in Cuba. It is also recommended to bring an extra $200-$300 as a cushion for unexpected expenses.

It is recommended that you bring Euros or US Dollars to Cuba. You can bring any type of currency and exchange it for Cuban Pesos upon arrival, but most travellers choose to bring US Dollars or Euros.

No, you will need to pay for everything with cash. If your banking is set up in the US, your bank cards and credit cards will not work in Cuba due to US sanctions.

It is not recommended to exchange your money at the airport or at a CADECA (official money exchange location). Instead, you should ask your accommodation host to direct you to an informal money changer, as you will get a better exchange rate.

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