Which place is cheaper, Panama City or Melbourne?
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 Melbourne or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Melbourne or Panama City? This is a common question asked by many travelers. By figuring out which city has activities that align with your interests along with knowing which is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the details and the data, which all comes from actual travelers.
Where Should I go: Melbourne or Panama City?
Melbourne
Melbourne is the second largest city in Australia, after Sydney. It is also the capital city of the state of Victoria, in southeastern Australia. Melbourne is arguably the best city to experience culture and the arts in Australia. There is a friendly rivalry between Melbourne and Sydney over livability and popularity and Melbourne is definitely the city to visit for its parks, shopping, restaurants, galleries and theaters. Like Sydney, it is situated on the water, at the head of Port Phillip Bay. It's a beautiful city, and although it lacks the major sights that you'll find in Sydney such as the Sydney Opera House or the Harbour Bridge, you will never find yourself lacking for entertainment. It is also a wonderful base for exploring many of the nearby highlights, including Grampians National Park, The Great Ocean Road, and Phillip Island where you can view the penguin parade.
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 Scuba Diving Tours in Australia, The Best Family-Friendly Tours to Australia, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Melbourne Prices
Australia PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMelbourne $195Panama City $101
The average daily cost (per person) in Melbourne is $195, 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 Melbourne and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMelbourne $119Panama City $35
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Accommodation Typical double-occupancy roomMelbourne $238Panama City $70
Compare Hotels in Melbourne and Panama City
Looking for a hotel in Melbourne 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: Melbourne Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Melbourne $20Panama City $11
Typical Local Transportation Prices in Melbourne
Below are a few samples from actual travelers for transportation costs in Melbourne:
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Airport Bus$10
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Tram Ride$2.49
Hired Cars and Shuttles in Melbourne
Also for Melbourne, here are a few examples of actual transportation services:
- Yarra Valley: Hot Air Balloon with Breakfast & CBD Transfers: $376
- Mornington Peninsula - Melbourne Airport Transfers: $201
- MEL Airport Transfer to Melbourne CBD Private Van Hire: $201
- Melbourne Private Transfer to Melbourne Airport MEL in Luxury Car: $196
- Melbourne Airport MEL Private Transfer to Melbourne in Luxury Car: $196
- Melbourne CBD Transfer to MEL Airport Private Van Hire: $195
- Ballarat - Melbourne Airport Transfers: $178
- Airport Private Van Transfer to City: $171
- Melbourne Airport MEL Private Transfer to Melbourne by Luxury Van: $168
- Avalon Airport Transfers: $168
- Private Airport Transfer from Melbourne Airport to City Center: $129
- CBD to Melbourne Airport Private Transfer - 11 traveler's: $129
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 Melbourne or Panama City?
Prices for flights to both Panama City and Melbourne 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 dayMelbourne $53Panama City $36
Typical Food Prices in Melbourne
For Melbourne, here are some examples of average food and meal prices for travelers:
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Coffee$2.62
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Pizza$4.58
Food Tours and Cooking Classes in Melbourne
For Melbourne, here are some samples of tours and activities related to meals and dining experiences:
- Melbourne Flavors: Queen Victoria Market Food Tour: $49
- Multicultural Markets Food Tour – Melbourne’s Global Tastes: $51
- Queen Victoria Market: 'Flavours of Australia' Food Tour: $52
- Queen Victoria Market Early Access Food Tour: $53
- Eynesbury Homestead Dinner and Ghost Tour: $54
- Inner North Street Food Tour: $72
- Sunset Kayak Tour with Dinner: $79
- Melbourne Sunset Kayaking Experience with Dinner: $81
- Melbourne Private Multicultural Markets Food Tour: $86
- Best of Little Italy Dinner Tour: $92
- Carlton a Little Italy Dinner Tour: $93
- Chinese Dumpling Cooking Class with a Drink: $98
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.Melbourne $27Panama City $66
Tours and Activities in Melbourne
For Melbourne, here are a few prices for actual activities, tours, and tickets provided by various companies:
- English Melbourne Walking Tour: $17
- Experience Yarra Valley: A Tailored private Wine Journey: $269
- Melbourne Laneways and Galleries Impressionist Art Walking Tour: $84
- Wilsons Promontory Hiking Day Tour - 8 Person Max Small Group : $147
- 1 day Lake mountain snow tour : $73
- 1 day Puffing Billy Steam Train and Wildlife Tour from Melbourne: $147
- 1.5Hr Yarra River Crown Flames and City Lights Cruise: $316
- 12 Apostles Great Ocean Road Private Smal Group Tour FREE entries: $83
- 12 Apostles, Otways & Great Ocean Road Day Tour - 8 person max: $147
- 2 Day Great Ocean Road Small Group Tour: $841
- 4 Hours Sightseeing Small Group Tour in Melbourne City: $60
- 4D3N Best Bits Victoria Sightseeing Tour: $841
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 dayMelbourne $17Panama City $18
Typical Alcohol Prices in Melbourne
Here are a few samples of the prices for alcohol and nightlife in Melbourne from other travelers:
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Bottle of Wine$5.07
Sample the Local Flavors in Melbourne
Also in Melbourne, these are the prices for nightlife and alcohol related activities from various tour providers:
- Melbourne Christmas Bar Crawl: $15
- Melbourne Pub Crawl (Batmania Tours): $19
- Weekly Bar Crawl: 5 Free shots, Club Entry: $20
- Melbourne Halloween Bar Crawl: $24
- Spirits and Ales Haunted Pub Walking Tour: $26
- MELBOURNE Spirits and Ales Haunted Pub Tour: $26
- Melbourne Music Venue Pub Crawl with History + 2 Free Drinks: $26
- Laid back, Yarra Valley Wine Tour: Wine, Cider, Gin, Beer + Choc: $87
- New Chocolate and wine tasting tour in the Yarra Valley: $89
- Cruise Ship Friendly Yarra Valley Wine Tour with Port Pickup: $114
- Yarra Valley: Bus Wine Tour with Lunch and a Glass of Wine: $115
- Yarra Valley Wine Tour & Lunch & Gin/Beer Option: $128
When we compare the travel costs of actual travelers between Melbourne and Panama City, we can see that Melbourne is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Melbourne is in Pacific 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 Melbourne would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Melbourne 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 Melbourne Expensive? and Is Panama City Expensive?.
Which is Bigger, Melbourne or Panama City?
Melbourne has a larger population, and is about 9 times larger than the population of Panama City. When comparing the sizes of Melbourne 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.