Which place is cheaper, Panama City or Istanbul?
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 Istanbul or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Istanbul or Panama City, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Istanbul or Panama City?
Istanbul
Istanbul is strategically located on the Bosphorus and is split between Europe and Asia. It truly is a city where east meets west. Istanbul is the cultural and financial hub of Turkey, and also the most populous city. The sites are countless and there's something for everybody, whether you're interested in art, music, food, or adventure. You can pass many days exploring both the residential and commercial pockets of this city. Much of the appeal is hidden away along back alleys or within corner shops.
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 2-Week Tours in Turkey, Tours for Outdoor and Nature Lovers in Turkey, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Istanbul Prices
Turkey PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayIstanbul $179Panama City $101
The average daily cost (per person) in Istanbul is $179, 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 Istanbul and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personIstanbul $83Panama City $35
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Accommodation Typical double-occupancy roomIstanbul $166Panama City $70
Compare Hotels in Istanbul and Panama City
Looking for a hotel in Istanbul 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: Istanbul Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Istanbul $39Panama City $11
Hired Cars and Shuttles in Istanbul
Some specific examples of transportation prices in Istanbul:
- Istanbul Private Cultural Tours, Hotel Transfers Including: $299
- Miniatürk Istanbul Private Guided Tour & Optional Transfers: $249
- Istanbul Airport Transfer: Istanbul to New Airport IST in Luxury Car: $246
- Private Transfer to Bursa Uludag Hotels from Sabiha Gokcen airport: $245
- Istanbul Airport to Sabiha Airport Private Transfer or Vice Versa (1-10pax): $232
- Private Transfer from Sabiha Gökcen Airport (SAW) to Istanbul Airport (IST) : $191
- Istanbul Layover Tour: Private & Personalized with Transfers: $190
- Istanbul Private Guided Tour for Cruise Layovers. Transfers incl.: $180
- Istanbul Private Tour Designed for Layover Flight, Transfer incl.: $175
- Istanbul to Truva Troy Guided Day Tour with Lunch and Transfers: $172
- Istanbul NEW Airport Private Transfer: $165
- Istanbul Airport to Sabiha Airport Private Transfer or Vice Versa (1-6pax): $162
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
- Private Departure Transfer to Panama City Airport (PTY): $13
- Private transfer from airport to hotels in Panama City: $15
- Private Transfer from Panama City Airport (PTY): $16
- Private Transfer to Panama City Airport (PTY): $16
- One Way Private transfer Panama City PTY Airport to City: $19
- Private One-way Airport Transfer from Panamá to Tocumen Airport : $19
- Private One-way Airport Transfer from Tocumen Airport to Panamá: $19
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $20
- Transfer Airport - City / Min 2 pax: $20
- Private transfer Panama City - Fort Amador Cruise Terminal: $20
- Panama Private Airport/Port/Hotel Transfer Service: $20
Is it cheaper to fly into Istanbul or Panama City?
Prices for flights to both Panama City and Istanbul 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 dayIstanbul $66Panama City $36
Food Tours and Cooking Classes in Istanbul
Also, here are some specific examples of food and dining related activities in Istanbul.
- Istanbul Bosphorus Dinner Cruise with Turkish Night Show: $24
- Bosphorus Dinner Cruise with Show and Private Table: $30
- Bosphorus Night Cruise with Dinner, Shows and Party : $30
- Budget Evening Cruise: Dinner, Live Shows & Party: $30
- Bosphorus Dinner Cruise & Turkish Dance Shows with Private Table: $31
- Istanbul Bosphorus Cruise Dinner, Drinks & Show with Pickup: $32
- Dinner Cruise On The Bosphorus with Turkish night show: $34
- Bosphorus Dinner Cruise & Entertaintment & Private Table & Wi-Fi: $36
- Bosphorus Evening Cruise: Dinner, Live Shows & Private Table: $36
- Luxury Bosphorus Dinner Cruise & Shows Private Table & Free Wi-Fi: $36
- Istanbul Bosphorus Dinner Cruise with Drinks and Shows: $41
- Bosphorus Dinner Cruise with Folk Dance and Live Performances: $42
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.Istanbul $43Panama City $66
Tours and Activities in Istanbul
Some specific costs of activities, tours, and entrance tickets for Istanbul are as follows:
- All in One Day Istanbul - Historical Tour of Istanbul with Bosphorus Cruise: $180
- Bosphorus Cruise And Asia Minor Tour: $220
- Bosphorus Morning or Sunset Guided Cruise Tour: $26
- Digital Experience Museum Skip the Line Entry: $35
- Discover the Magic of Old City – A Walking Tour Through Time: $60
- Full day old city tour (LT1): $179
- Istanbul Half Day City Tour (Ottoman Relics): $95
- Istanbul Self Guided Walking Tour : $5.00
- Istanbul Wonders FullDay Skipping Lines Private Guided City Tour: $128
- Istanbul's Hidden Gems Private Walking City Tour: $144
- Private Guided Istanbul Walking Tour: $170
- "Classic Wonders" Tour: $120
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Spanish Experience in Panama City: $25
- Panama Casco Viejo: Walking Tour Must See Treasures!!!: $25
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $26
- Panama : Must-See Sites Walking Tour With A Guide: $27
- Get to know the city aboard CitySightseeing Panama: $29
- Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
- Causeway and Old Town Night Tour: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Guided Walking Tour in Panama City: $32
Alcohol
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Alcohol Drinks for one dayIstanbul $12Panama City $18
Sample the Local Flavors in Istanbul
Some specific costs for nightlife related activities in Istanbul:
- Famous Istanbul Pub Crawl #1 Nightlife Experience: $28
- Istanbul Nightlife Pub Crawl Pub and İstanbul Club Adventure: $30
- Pub Crawl Istanbul / Rooftop Clubs & Party Bus: $30
- Istanbul Pub Crawl: Adults-Only Nightlife Adventure: $31
- Istanbul Wine Tasting at Home with Local Family: $78
- Istanbul Private Wine Tasting Tour Through 3 City Wineries : $210
When we compare the travel costs of actual travelers between Istanbul and Panama City, we can see that Istanbul is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Istanbul is in Europe 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 Istanbul would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Istanbul 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 Istanbul Expensive? and Is Panama City Expensive?.
Which is Bigger, Istanbul or Panama City?
Istanbul has a larger population, and is about 30 times larger than the population of Panama City. When comparing the sizes of Istanbul 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.