Which place is cheaper, Panama City or Cancun?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
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Should you visit Cancun or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Cancun and Panama City can help you decide which place is right for you.
Where Should I go: Cancun or Panama City?
Cancun
In the northeast corner of the Mexican Caribbean, Cancun is one of Mexico's most popular destinations. The area that is now Cancun was actually selected specifically by the Mexican government for development as a tourist destination. The area was chosen because it has fourteen miles of beautiful white beaches, nearby Mayan ruins, and turquoise blue water with nearby snorkeling and scuba diving opportunities. Prior to its development as a tourist destination, there were few inhabitants in the area.
Panama City
Panama City is the cosmopolitan capital city of the country of Panama. With a population of almost 900,000 and almost 1.5 million in the metropolitan area, it's a very diverse city with expat residents from all over the world. You don't have to search far to find someone who speaks English, and many Panamanians are quite helpful and friendly.
For some great organized tour ideas, see The Best One-Week (7-Day) Tours from Playa del Carmen, The Best 2-Week Tours from Cancun, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Cancun Prices
Mexico PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayCancun $153Panama City $101
The average daily cost (per person) in Cancun is $153, while the average daily cost in Panama City is $101. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Cancun and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personCancun $89Panama City $35
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Accommodation Typical double-occupancy roomCancun $178Panama City $70
Compare Hotels in Cancun and Panama City
Looking for a hotel in Cancun or Panama City? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Cancun Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Cancun $16Panama City $11
Typical Local Transportation Prices in Cancun
Below are a few samples from actual travelers for transportation costs in Cancun:
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Taxi Around Town$1.52
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Airport Shuttle (for 2)$13
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Ferry to Isla de Mujeres (for 2)$15
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Local Bus (for 2)$1.85
Hired Cars and Shuttles in Cancun
Also for Cancun, here are a few examples of actual transportation services:
- Limo Transfer Airport Cancun - Puerto Morelos Hotel Zone: $279
- Cancun Airport Private Transfer to Tulum (Round Trip): $250
- Private Transfer from Cancún Airport (CUN) to Tulum : $243
- Xcaret 1 Day Tour from Cancun with Hotel Transfer: $228
- Cancun Airport Private Transfer One Way: To or From Akumal Area Up to 15 Pass.: $225
- Private Transfer from Cancun Airport to Tulum: $220
- Round private transfer Airport- Akumal - Airport.: $220
- Private Round Trip Transfer (Cancun Airport - Playa del Carmen): $219
- Airport Transfers to Costa Mujeres - Private van (ROUND TRIP) FLAT RATE: $215
- Cancún Airport (CUN) to Akumal - Round-Trip Private Transfer: $214
- Cancún Airport (CUN) to El Dorado Maroma - Round-Trip Private Transfer: $212
- Private round airport transfer from Cancun - Puerto Aventuras - airport.: $210
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Travel in Comfort Airport Transfer Pty : $12
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $20
- Transfers from Airport to Panama City: $40
- Transfer from Tocumen Airport to hotels in Gamboa or Viceversa: $30
- Transfer from Tocumen Airport to Panama City Hotels : $25
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Transfer from PTY/Panama City to Cruise Terminal or to the Marina: $32
- Transfer Tocumen International Airport - Playa Blanca, Rio Hato, Buena Ventura: $75
- Transfer Panama City to Amador Cruise Port : $30
Is it cheaper to fly into Cancun or Panama City?
Prices for flights to both Panama City and Cancun change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Food
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Food Meals for one dayCancun $45Panama City $36
Typical Food Prices in Cancun
For Cancun, here are some examples of average food and meal prices for travelers:
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Lunch for Two$19
Food Tours and Cooking Classes in Cancun
For Cancun, here are some samples of tours and activities related to meals and dining experiences:
- Cancun Pirate Ship Adventure : Dinner & Show at Sea 2 for 1 Deal: $50
- Pirate Show in Cancun! Dinner & drinks: $62
- Cancun Street Food Tour with Food Stalls, Local Market and Murals: $64
- Pirate Shop & Dinner at Cancun! Drinks, Adventure and Fun: $65
- Cancun Walking Food Tour: Local Food, Markets, and Street Art.: $77
- Puerto Morelos Walking Food Tour: $77
- Mexican Cooking Class with fresh Local Market ingredients selection and transpor: $79
- Cancun Taco & Mexican Food Tour with Tequila Tasting: $79
- Cancun Private Mural Art and Food Tour: $81
- Hands-On Cooking Class in Drink & Cook Authentic Dishes: $85
- Pirate’s Night Out: Dinner and Entertainment in the Caribbean: $89
- Unforgettable Pirate Dinner Adventure in the Mexican Caribbean: $89
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
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Sandwich$8.24
Food Tours and Cooking Classes in Panama City
For Panama City, here are some samples of tours and activities related to meals and dining experiences:
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $60
- Panama Evening Food Tour: $60
- Panama City FOOD Tour: $65
- E-Tickets Emotions Dinner Theater Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Cooking Class in Panama City with 10 Recipes & Bottomless Drinks: $95
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $95
- Folkloric Dance & Typical Dinner at Sabroso Panamá: $110
- The Real Panamanian Private Food Tour through Panama City: $205
- Street Food Tour in Panama with a Local Guide: $263
Entertainment
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Entertainment Entrance tickets, shows, etc.Cancun $32Panama City $66
Typical Entertainment Prices in Cancun
Below are a few sample prices from actual travelers for Cancun's activities, tours, and tickets:
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Seasick Pills$0.54
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Whale Shark Tour (for 2)$92
Tours and Activities in Cancun
For Cancun, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 2 Day Combo Tour, Xcaret, Xel-Ha, Xplor and Chichen Itza Option: $260
- 3 in 1 Tour to Coba Cenote and Maya Village: $149
- Atv tour from Cancun with ziplines and cenote swim experience: $30
- Cancun Private Street Art Tour: $65
- Clear Boat Tour in Cancun 1.5 hours great for pictures: $19
- Coco Bongo Music And Show Ticket: $90
- Holbox plus Island Magic by boat Tour from Cancun : $144
- Isla Contoy and Isla Mujeres Tour from Cancun: $152
- Isla Mujeres Catamaran Platinum Tour with Open Bar: $115
- LDS Tour to Chichen Itza + Cenote : $215
- Las Coloradas and Rio Lagartos Day Tour from Cancun: $105
- Private Tour to Tulum Ruins and Cenotes : $257
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Gatun Lake Panamá Wildlife Adventure Guided Experience: $159
- Horseback riding and Agri-Tour in Colon Private tour: $75
- Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
- Panama Viejo and Casco Antiguo Tour: $115
- Panama a quick and memorable tour: $68
- San Blas Islands, 4-Island Tour All-Inclusive Welcome Cocktail: $149
- #1 Walking Tour of Casco Viejo Panama with Lunch included : $70
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- “Panama at Your Rhythm: Private Tour with Canal, Old Town and More”: $67
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1st Mysteries and FreeMasons Tour: $38
- 2 Days 1 Night San Blas Adventure in Pamana: $260
Alcohol
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Alcohol Drinks for one dayCancun $12Panama City $18
Sample the Local Flavors in Cancun
Also in Cancun, these are the prices for nightlife and alcohol related activities from various tour providers:
- Social Pub Crawl in Cancun: $35
- Bar Crawl Madness Tour in Cancun: $99
When we compare the travel costs of actual travelers between Cancun and Panama City, we can see that Cancun is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Cancun is in North America and Panama City is in Central America, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Panama City would let you spend less money overall. Or, you could decide to spend more money in Panama City and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Cancun would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Cancun than you might in Panama City.
If you're trying to decide if either of these two destinations are within your price range, also see Is Cancun Expensive? and Is Panama City Expensive?.
Which is Bigger, Cancun or Panama City?
Cancun has a larger population, and is about 33% larger than the population of Panama City. When comparing the sizes of Cancun and Panama City, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.