Which place is cheaper, Panama City or Malaga?
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 Malaga 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 Malaga 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: Malaga or Panama City?
Malaga
Malaga is a port city in the southern part of Spain. It is the 6th largest city in Spain and the southernmost large city in Europe. Malaga lies on the Mediterranean on the Costa del Sol, only 62 miles east of the Strait of Gibraltar, and 80 miles north of Africa. Malaga's history dates back about 2,800 years, which makes it one of the oldest cities in the world. The archaeological remains and monuments from the Phoenician, Roman, Arabic and Christian eras make the historic center of the city an "open museum", displaying its history of more than 3,000 years. Because of its important cultural infrastructure and the artistic heritage, Malaga has been nominated for the European Capital of Culture. Malaga's most important economic contributors include tourism, technology, and construction, but transportation and logistics are becoming increasingly important factors as well.
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 10-Day Tours from Madrid, The Best 10-Day Tours from Barcelona, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Malaga Prices
Spain PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMalaga €165Panama City €86
The average daily cost (per person) in Malaga is €165, while the average daily cost in Panama City is €86. 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 Malaga and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMalaga €75Panama City €30
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Accommodation Typical double-occupancy roomMalaga €150Panama City €60
Compare Hotels in Malaga and Panama City
Looking for a hotel in Malaga 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: Malaga Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Malaga €31Panama City €9.09
Hired Cars and Shuttles in Malaga
Some specific examples of transportation prices in Malaga:
- Malaga Airport (AGP): Private Transfer to Granada city: $425
- Transfer from Malaga Airport to Tarifa: $314
- Transfer from Malaga Airport to Granada: $311
- Malaga Airport (AGP) to Cancelada - Arrival Private Transfer: $286
- Malaga Airport (AGP) to Seville - Arrival Private Transfer: $286
- Cancelada to Malaga Airport (AGP) - Departure Private Transfer: $286
- Private Transfer from Malaga Airport AGP to Seville Cruise Port: $286
- Private Transfer from Malaga Airport (AGP) to Mezquitilla: $284
- Private Transfer from Malaga Airport (AGP) to Torreblanca: $276
- Malaga Airport (AGP) to Granada - Round-Trip Private Transfer: $271
- Private Transfer Malaga Airport to Ronda: $270
- Private Transfer from Malaga Airport (AGP) to Torremuelle: $255
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 Malaga or Panama City?
Prices for flights to both Panama City and Malaga 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 dayMalaga €60Panama City €31
Typical Food Prices in Malaga
Some typical examples of dining costs in Malaga are as follows:
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Dinner for 2€30
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Dinner for 2€44
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Breakfast for 2€8.00
Food Tours and Cooking Classes in Malaga
Also, here are some specific examples of food and dining related activities in Malaga.
- Authentic Flamenco Dinner Show at Restaurant VinoMio: $8.81
- Hard Rock Cafe Entrance with Lunch or Dinner: $38
- Málaga: Morning Guided Food Tour: $68
- Malaga Atarazanas Market Guided Food Tour with Tastings: $71
- Dinner and Show at Alegría Flamenco & Restaurant in Malaga: $72
- Paella Cooking Class with English Guide in Malaga: $73
- The Málaga Morning Food Tour By Food Lover Tour: $77
- Málaga: Spanish Cooking Workshop with Paella and Sangria: $78
- Malaga Food Tour with Tapas & Drinks with a Local: $84
- Pedregalejo Food Tour: Explore Malaga's most iconic quarter: $87
- Horse and Flamenco Show in Malaga with Dinner: $87
- Malaga Market Food Tour: Tapas, Drinks, and Local Flavors: $87
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€7.03
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.Malaga €31Panama City €56
Typical Entertainment Prices in Malaga
Some typical examples of activities, tours, and entrance ticket prices in Malaga are as follows:
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Entrance to Castillos€7.10
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Concert€31
Tours and Activities in Malaga
Some specific costs of activities, tours, and entrance tickets for Malaga are as follows:
- Guided tour of Tangier from the Costa del Sol: $185
- Malaga Coffee and City Tour with Real Spanish Tapas: $90
- 1 Hour Guided Adventure at Quads ATV in Mijas Malaga: $102
- 1 Hour Private Flamenco Class Experience in Malaga: $45
- 1.5-Hour Roman Theater and Alcazaba Castle Walking Tour: $32
- 2 Hours Buggy Safari Experience in the Mountains of Mijas with Guide: $161
- 2 Hours Sunset Buggy Tour in Sierra de Mijas : $262
- 2 hours guided Quad tour in Mijas, Malaga. : $144
- 2-Hour French Guided Walking Tour in Malaga: $22
- 2-Hour Ronda Walking Tour: $96
- 2h E-bike tours+1day extra in Malaga: $41
- 3 Hours Guided Buggy Safari Adventure in the Mountains of Mijas: $203
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 dayMalaga €22Panama City €15
Sample the Local Flavors in Malaga
Also in Malaga, these are the prices for nightlife and alcohol related activities from various tour providers:
- Málaga: Pub Crawl Málaga Madness: $14
- Malaga Nightlife Pub Crawl Tour with Drinks and Clubs Entry: $19
- Andalusian Wine Tasting Tapas and DE wine tastings: $47
- RONDA WINE EXPERIENCE Wine Tastings DE Olive Oil and Tapas: $59
- C/Echegaray 5 Málaga center: Malagueño Massage: Massage + Wine Tasting: $65
- Artisan Spanish Wine Tasting of 6 Wines: $66
- Ronda Wine Tasting with Tapas in a Scenic Vineyard: $66
- Frigiliana Small-Group Hike and Wine Tasting Tour from Malaga: $66
- Winederlust Wine Tasting: $72
- Málaga: Traditional Andalusian Tapas and Wine Tour: $77
- White Village, Vineyard, and Wine Tasting Wine Tour: $106
- Málaga Small‑Group Wine Tour – Álora Castle Views & 4 Tastings: $108
When we compare the travel costs of actual travelers between Malaga and Panama City, we can see that Malaga is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Malaga 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 Malaga would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Malaga 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 Malaga Expensive? and Is Panama City Expensive?.
Which is Bigger, Malaga or Panama City?
Malaga has a larger population, and is about 35% larger than the population of Panama City. When comparing the sizes of Malaga 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.