Which place is cheaper, Panama City or Izmir?
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 Izmir or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city should you visit? Read on to compare the activities as well as the prices of travel for Izmir and Panama City. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
Where Should I go: Izmir or Panama City?
Izmir
Izmir is a metropolitan city of Turkey and the second most populous city on the Aegean Sea after Athens, Greece. Known as Smyrna in antiquity, it was founded by the Greeks, taken over by the Romans, and rebuilt by Alexander the Great before becoming part of the Ottoman Empire in the 15th century. Most remnants of this past are gone; however, there are a few archaeological sites in addition to beaches, bustling city streets, and colorful markets.
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 G Adventures Tours to Turkey, The Best 3-Day Tours from Istanbul, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Izmir Prices
Turkey PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayIzmir $96Panama City $101
The average daily cost (per person) in Izmir is $96, 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 Izmir and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personIzmir $47Panama City $35
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Accommodation Typical double-occupancy roomIzmir $94Panama City $70
Compare Hotels in Izmir and Panama City
Looking for a hotel in Izmir 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: Izmir Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Izmir $23Panama City $11
Hired Cars and Shuttles in Izmir
Some specific examples of transportation prices in Izmir:
- Transfer from Izmir to Didim: $287
- Antalya Airport AYT Transfers to Fethiye-Oludeniz Hotels: $251
- Fethiye-Oludeniz Hotels to Antalya Airport AYT Transfers: $251
- Private Transfers İzmir City or Adnan Menderes Apt to/from Ayvalik Resort: $242
- Izmir Airport ADB Transfers to Yalikoy (Didim) Hotels: $209
- Bodrum Akyaka Hotels to Bodrum Airport BJV Transfers: $161
- Izmir Airport to Cesme/Alacati, Kusadasi, and Foca Transfers: $144
- Izmir Airport ADB Transfers to Kusadasi International Golf Hotels: $143
- Izmir Airport ADB Transfers to Cesme Hotels: $131
- Private Transfer from Izmir Airport to Selcuk: $131
- Private Transfers İzmir City or Adnan Menderes Apt to/from Gümüldür, Seferihisar: $131
- Ephesus Guided Tour From Izmir With Lunch & Hotel Transfer: $130
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- 2 Days 1 Night Tour in Panama : Hotel and Transfers: $278
- Airport To City Hotel transfer: $50
- Arrival Private Transfer Panama PTY Airport to City by Luxury SUV: $84
- Arrival Private Transfer Panama PTY Airport to Panama City by SUV: $75
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Luxury SUV Private Transfer Panama City to Panama PTY Airport: $84
- One Way Private transfer Panama City PTY Airport to City: $19
- Panamá Tocumen Airport Hotel or airbnb Transfer: $25
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $34
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $67
- Guided Panama Canal & City Tour with Transfers: $70
Is it cheaper to fly into Izmir or Panama City?
Prices for flights to both Panama City and Izmir 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 dayIzmir $33Panama City $36
Food Tours and Cooking Classes in Izmir
Also, here are some specific examples of food and dining related activities in Izmir.
- Authentic Turkish Home Cooking Class with Locals: $76
- Izmir to Aphrodisias: Cooking & Ceramics Class: $251
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.Izmir $16Panama City $66
Tours and Activities in Izmir
Here are a few actual costs in Izmir for available activities, ticket prices, and tours:
- Small Group Ephesus Tour From Izmir Hotels: $171
- 2-Hour Private Guided The best of Izmir Walking Tour: $185
- Alaçatı & Çeşme Chill Tour: Vibes, Streets & Snapshots: $120
- Best of Private Walking Tour with a Local: $66
- Budget - Friendly Ephesus Tour from Izmir: $42
- Daily Ephesus & Virgin Mary House Tour from Izmir: $161
- Day Tour to Pamukkale from-to Izmir: $240
- Ephesus & Sirince Village Tour from İzmir: $145
- Ephesus Ancient City with Best Guides Only For Cruise Guests: $59
- Ephesus Day Tour from Izmir with Lunch: $131
- Ephesus Excursion For Cruisers: $586
- Ephesus Full Day Tour From Izmir: $149
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 dayIzmir $6.94Panama City $18
Sample the Local Flavors in Izmir
Some specific costs for nightlife related activities in Izmir:
- Wine Tasting Tour at Two Wineries in Urla Turkey: $131
When comparing the travel costs between Izmir and Panama City, we can see that Panama City is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Even though Izmir is in Europe and Panama City is in Central America, both of these destinations have relatively similar prices of travel. Generally, the levels of luxury and expenses are the same for these cities even though they are geographically far apart.
If you're trying to decide if either of these two destinations are within your price range, also see Is Izmir Expensive? and Is Panama City Expensive?.
Which is Bigger, Izmir or Panama City?
Izmir has a larger population, and is about 6 times larger than the population of Panama City. When comparing the sizes of Izmir 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.