A Travel Price Comparison for Families, Couples, and Backpackers Mexico City vs. Panama City for Food, Nightlife, Families, and Couples

Should you visit Mexico City or Panama City?

Which is cheaper to visit? Which is more expensive for vacation?

Should I visit Mexico City 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.

Mexico City

Mexico City is a dynamic, colorful, and cultural city. With plenty of activities and things to do, it's a huge city that draws plenty of visitors. And you can't forget about the shopping, museums, and nightlife. See Mexico City travel costs.

Panama City

Panama City is a cosmopolitan, fun-filled, and active beach town. Panama City offers plenty of beauty for visitors. It's also popular because of the food, beaches, and shopping. See Panama City travel costs.

Mexico City and Panama City: Pros and Cons

Pros
  • Popular museums and historical sights
  • Popular for food and cuisine
  • Active nightlife
  • Scenic old town
  • Fun shopping
  • Family-friendly
  • Good for couples and romance
  • Good for backpackers and budget travelers
  • Good public transit
  • Big city activities
Pros
  • Active nightlife
  • Good music scene
  • Nice resorts
  • Popular beach
  • Known for its beauty
  • Family-friendly
  • Good for couples and romance
Things to Consider
  • Less popular for food
  • Less popular for shopping
  • Public transit not as usable


Is there more to do in Mexico City or Panama City?

Tourists will generally find more to do in Mexico City. Although Mexico City and Panama City are both popular with visitors, Mexico City has more sights, activities, and attractions for travelers. Mexico City is more popular for its museums and attractions, food, nightlife, historical sights, shopping, and big city activities, while Panama City is known for its music, resorts, beaches, and impressive beauty. Panama City is more touristy than Mexico City and is popular for its watersports, sandy beaches, and year-round beach weather. Mexico City is popular for its vibrant street food scene, colorful markets, and historic architecture. It is also home to Zócalo.

How is Mexico City different from Panama City?

Which is Better for a Holiday?

Let's take a look at the differences and similarities between Panama City and Mexico City. Then, you can decide for yourself which place is better for your next trip.

Are the Museums and Historical Sights Better in Mexico City or Panama City?

Mexico City
Panama City

Mexico City is an amazing city to visit for its museums and landmarks. However, Panama City does not have museums and landmarks.

The museums, monuments, and landmarks in Mexico City are among the most recognizable in the world. The city is filled with historic buildings, fascinating museums, and interesting landmarks. At the heart of the city is Zócalo, where the country's constitution was signed. Nearby you'll find the National Palace, the Metropolitan Cathedral, and the Templo Mayor. Other interesting museums in the city include the National Museum of Anthropology, the Palace of Fine Arts, and the National History Museum.

Panama City does not have museums and landmarks.


Is the Food Better in Mexico City or Panama City? Which Destination has the Best Restaurants?

Mexico City
Panama City

Mexico City is an amazing city to visit for its restaurant scene. Also, Panama City is still popular, but not quite as popular for its local flavors and cuisine.

Known for it's food and restaurant scene, Mexico City is always at the top of any foodie's travel list. The city food scene is as diverse as the population itself. There are countless ways to experience the amazing street food, but there are also world class chefs working in award winning restaurants. Make sure you try the chilaquiles, tacos al pastor, and chiles en nogada.

Panama City is becoming an appealing option for foodies. There are many waterfront restaurants that serve freshly caught seafood. Head to town for a charming atmosphere or grab a bite at a casual eatery. Fried seafood is popular when eating out but you'll also find plenty of options for land-lovers. Most restaurants also have kid-friendly menus.

Is Mexico City or Panama City Better for Nightlife?

Mexico City
Panama City

Mexico City is an amazing city to visit for nightlife and partying. Also, Panama City is still popular, but not quite as popular for its evening party scene.

Mexico City has a colorful and one-of-a-kind nightlife scene. It's a huge city, so of course there's no shortage of diverse nightlife activities. Some of the most popular neighborhoods for nightlife include the downtown, La Condesa, and Colonia Juárez. For upscale clubs head to Polanco and for trendy and eclectic venues check out Roma.

The nightlife in Panama City has something for everybody. The nightlife is particular crazy during spring break, when the town fills with students. Head to the famous Club La Vela or Spinnaker for music and fun at night.

Is Mexico City or Panama City Better for Music?

Mexico City
Panama City

Panama City is a popular place for its music scene. However, Mexico City is not a live music destination.

The music scene in Panama City is active and vibrant. A popular way to enjoy music in the area is to find a restaurant with a lounge where local musicians perform.

Mexico City is not a live music destination.


Is Mexico City or Panama City Better for Resorts?

Mexico City
Panama City

Panama City is a popular place for its luxury resorts. However, Mexico City is not a resort destination.

Panama City has a few great resort options. Most people stay in condos that are VRBO's or Airbnbs, but there are resorts in the area as well.

Mexico City is not a resort destination.

Is Mexico City or Panama City Better for Beaches?

Mexico City
Panama City

Panama City is an excellent place to visit for the beach. However, Mexico City is not a beach destination.

Panama City is considered a top beach destination. With miles of long white sandy beaches and crystal blue waters, this area's beaches offer a beautiful escape. Head to the area's state parks for the most natural experience. These include St. Andrews State Park and Camp Helen State Park. A day trip to Shell Island is also popular.

Mexico City is not a beach destination.

Is Mexico City or Panama City Better for its Old Town?

Mexico City
Panama City

Mexico City is a nice place to visit for its old town. However, Panama City does not have a historic old town.

Many people head to Mexico City to see the old town. Centro Historico spreads out from Zócalo Plaza, and has many buildings that date back as far as the Aztec period. Many tourists gather here to explore the history and wander down the pedestrian-only Calle Madero.

Panama City does not have a historic old town.


Is the Shopping Better in Mexico City or Panama City?

Mexico City
Panama City

Mexico City is an amazing city to visit for its shopping opportunities. Also, Panama City is still popular, but not quite as popular for its shopping areas.

The abundance of shops in Mexico City make it a world-class shopping destination. The city has everything from open-air bazaars (tianguis) to modern shopping malls. There are international brands as well as local art galleries, handicrafts, and retail outlets.

Panama City has a variety of shopping areas worth visiting. There are a number of malls and shopping centers in the area.

Is Mexico City or Panama City More Beautiful?

Mexico City
Panama City

Panama City is a popular place for its scenery and beauty. However, Mexico City is not a destination known for its beauty.

Panama City offers plenty of beauty for visitors. With beautiful sand and blue water, Panama City is a beautiful spot for people who enjoy city beaches.

Mexico City is not a destination known for its beauty.

Is Mexico City or Panama City Better for Families?

Mexico City
Panama City

Panama City is very popular for its kid-friendly activities. Also, Mexico City is not quite as popular, but is fairly good for its family-friendly activities.

As it has a large number of activities for kids, Panama City is a very family-friendly destination. This area has large sandy beaches, waterparks, amusement parks, and marine parks. Kids will enjoy playing around at WonderWorks, cooling off at Shipwreck Island Waterpark, and learning about marine life at Gulf World Marine Park. There are also many watersports and water activities that are fun for the whole family.

Mexico City is a very family-friendly place to visit. It's a huge city, so there are enough diverse activities to keep everyone entertained. There's even a Six Flags. Popular museums for kids include Papalote Museo del Niño and Museo de Geología. There's also the Acuario Inbursa, and make sure you check out a Lucha Libre show.


Is Mexico City or Panama City Better for Couples?

Mexico City
Panama City

Panama City is an excellent place to visit for couples. Also, Mexico City is not quite as popular, but is fairly good for romance.

Panama City makes for a fun place to visit for a couple. The beautiful beaches and romantic restaurants make for a great romantic getaway. This is the perfect place to take sunset walks along the beach and sample freshly caught local seafood.

Mexico City is a nice destination for couples. The city is filled with parks where you can enjoy a picnic, museums that are fascinating to walk through, and cultural activities that are one-of-a-kind. You can ride on a gondola in Xochimilco or spend the day exploring the amazing food scene.

Is Mexico City or Panama City Better for Backpackers and Budget Travelers?

Mexico City
Panama City

Mexico City is a great destination for backpackers. However, Panama City is not a backpacker-friendly destination.

Mexico City is a great city to visit for backpackers. It's a big city with a wonderful atmosphere and many hostels. Backpackers who want to experience the culture, food, and personality of Mexico will love a visit here.

Panama City is not a backpacker-friendly destination.

Is Mexico City or Panama City Better for Students?

Mexico City
Panama City

Both Mexico City and Panama City are very good destinations for students.

Mexico City is a very popular city for students and younger travelers. International students love the art, architecture, food, and culture that this colorful city has to offer.

Panama City is very popular with students. It's not the spring break destination that it once was, but you'll still find students hanging out around the spring holidays.


Is Mexico City or Panama City Better for Public Transit? Which Is Easier to Get Around Without a Car?

Mexico City
Panama City

Mexico City is a great destination for its public transit. However, Panama City is a beach town with minimal options for times when you don't have a car.

The public transit in Mexico City can get you around easily. The city has a complex and comprehensive public transit system that includes a metro, metrobus, and local buses.

Public transit is mostly limited in Panama City. Most people need a car in Panama City but there is a trolley service that connects major tourist areas.

Is Mexico City or Panama City a more walkable city?

Mexico City
Panama City

Mexico City is a city with a few options for its high level of walkability. However, Panama City is a beach town with minimal options for its ease of walking around.

Mexico City is generally not very walkable. While you can walk within many neighborhoods, such as the historic city center, it's impossible to walk between neighborhoods and in many parts of the city.

Panama City is not a very walkable city. There's often construction and the streets aren't designed for pedestrians.

For even more information, also check out Is Mexico City Worth Visiting? and Is Panama City Worth Visiting?.

Should I spend more time in Panama City or Mexico City?

How long in Mexico City or Panama City?

Both Mexico City and Panama City have a number of activities to choose from. With generally more activities and things to do, visitors tend to spend more time in Panama City than in Mexico City. Usually, 3-5 days is a good amount of time for Mexico City, and 3-7 days is enough time in Panama City.

Families should spend more time in Panama City than Mexico City. Because of the many family-friendly attractions and fun things to do for kids in Panama City, it's a great place to visit with the whole family.

Backpackers and budget travelers should spend more time in Mexico City than Panama City if your budget allows for it. With a larger number of budget-friendly sights, good nightlife, and active things to do, anyone traveling on a budget would have a good time in Mexico City.


  • How many days in Mexico City or Panama City? Ideal Length of Stay
    Mexico City 3-5 
    Panama City 3-7

One day in Mexico City or Panama City?

Mexico City is a colorful city where you can fill many days. One day is usually not enough time for a trip here as there is plenty to do. The entire region has so many activities, and you'll want time to do everything.

Visitors enjoy the nightlife and live music when visiting the cosmopolitan beach town of Panama City. It's also a great beach destination, too. One day is usually not enough time for a trip here as there is plenty to do. The entire region has so many activities, and you'll want time to do everything.


A weekend in Mexico City or Panama City?

Mexico City is a colorful big city where you can fill many days. This city offers something for everyone. Since there is so much to do in the area, a weekend is probably not enough for all of it.

Visitors enjoy the live music and food when visiting the cosmopolitan destination of Panama City. It's a great spot for a beach vacation. This beach town offers something for everyone. Since there is so much to do in the area, a weekend is probably not enough for all of it.

Five days in Mexico City or Panama City?

Mexico City is a dynamic city where you can fill many days. Many people spend five days here.If you enjoy all that's offered here, then five days is just the right amount of time to spend here. The length of your trip often depends on your style of travel.

Visitors enjoy the food and shopping when visiting the active beach town of Panama City. You'll find plenty of activities on the beach. Many people spend five days here.If you enjoy all that's offered here, then five days is just the right amount of time to spend here. The length of your trip often depends on your style of travel.

A week in Mexico City or Panama City?

Many people enjoy the museums and nightlife when visiting Mexico City. Anyone can find something fun to do here. Most people find that one week is more than enough time to see everything.

Visitors enjoy the shopping and nightlife when visiting the destination of Panama City. Anyone can find something fun to do here. This is a popular place to visit for one week. Most people come for the beaches. In one week, you should have a good grasp of this beach town.


For some great organized tour ideas, see The Best 2-Week Tours in Mexico, Tours for Outdoor and Nature Lovers in Mexico, The Best 2-Week Tours from Los Angeles, and The Best Family-Friendly Tours to United States of America.


Which place is cheaper, Panama City or Mexico City?

These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.

  • Mexico City Prices
    Mexico Prices
    Panama City Prices
    USA Prices
  • Average Daily Cost Per person, per day
    Mexico City $212
    Panama City $272

The average daily cost (per person) in Mexico City is $212, while the average daily cost in Panama City is $272. 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 Mexico City and Panama City in more detail.



Accommodation
  • Accommodation Hotel or hostel for one person
    Mexico City $38
    Panama City $128
  • Accommodation Typical double-occupancy room
    Mexico City $76
    Panama City $256
Compare Hotels in Mexico City and Panama City

Looking for a hotel in Mexico City 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.

Hotels in Mexico City


Hotels in Panama City


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: Mexico City Hotel Prices and Panama City Hotel Prices.

Local Transportation
  • Local Transportation Taxis, local buses, subway, etc.
    Mexico City $12
    Panama City $48
Typical Local Transportation Prices in Mexico City

Here are some examples of typical transportation prices from actual travelers in Mexico City:


  • Metro
    $1.09
  • Uber Ride
    $3.80

Hired Cars and Shuttles in Mexico City

Also for Mexico City, here are a few examples of actual transportation services:

  • Airport Transfer: Mexico Airport MEX to Mexico by Business Car: $90
  • Airport Transfer: Mexico Airport MEX to Mexico by Luxury SUV: $101
  • Airport Transfer: Mexico to Mexico Airport MEX by Business Car: $90
  • Airport Transfer: Mexico to Mexico Airport MEX by Luxury SUV: $101
  • Airport Transfer: Mexico to Mexico Airport NLU by Luxury SUV: $203
  • Arrival Transfer: Mexico Airport MEX to Mexico by Luxury SUV: $107
  • CDMX: Fly over Teotihuacan in a hot air balloon, with transfers and breakfast included.: $219
  • Departure Transfer: Mexico to Mexico Airport MEX by Luxury SUV: $101
  • Mexico Airport (MEX) Tecozautla - Round-Trip Private Transfer: $252
  • Mexico Airport (MEX) to Chignahuapan - Arrival Private Transfer: $118
  • Mexico Airport (MEX) to Tecozautla - Arrival Private Transfer: $126
  • Mexico Airport(MEX) to Chignahuapan - Round-Trip Private Transfer: $236

Is it cheaper to fly into Mexico City or Panama City?

Prices for flights to both Panama City and Mexico City 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
  • Food Meals for one day
    Mexico City $43
    Panama City $115
Typical Food Prices in Mexico City

For Mexico City, here are some examples of average food and meal prices for travelers:


  • Lunch for Two
    $12
  • Coffee and Snacks
    $4.24
  • Dinner for 2
    $25

Food Tours and Cooking Classes in Mexico City

For Mexico City, here are some samples of tours and activities related to meals and dining experiences:

  • Private Street Food Tour Mexico City - Best rated : $35
  • Virtual Mexican Cooking Class (private and personalized): $50
  • San Juan Market Food Tour Exotic Bites & Flavors: $52
  • Coyoacán Market Food Tour Urban Eats & Local Legends: $52
  • Local Markets & Food Tour in Mexico City: $53
  • Art and Food Tour with Lunch: $54
  • Tortilla Crawl: Food Tour in Mexico City: $55
  • Mexico City Vegan & Veggie Market Explorer plus Cooking Lesson: $55
  • Private Half-Day Traditional Markets Street Food Tour in Mexico City: $57
  • 3 Hours Food Tour Best Vegan Tacos in Mexico City: $61
  • Old Town Food Tour of 7 Tastings & Secret Dish: $66
  • Frida Kahlo Museum & Coyoacan Tacos & Food Tour: $69

Entertainment
  • Entertainment Entrance tickets, shows, etc.
    Mexico City $14
    Panama City $19

Tours and Activities in Mexico City

For Mexico City, here are a few prices for actual activities, tours, and tickets provided by various companies:

  • CDMX: Museum of Memory and Tolerance - Children in Silence (Admission ticket): $1.36
  • Museum Memory and Tolerance-Children in Silence ticket entry: $1.45
  • MUCHO Museum of Chocolate Entrance Ticket: $4.36
  • Mexico City (Historic Centre) Scavenger Hunt and Self-Guided Tour: $5.13
  • Mexico City (Coyoacan) Scavenger Hunt and Sights Self-Guided Tour: $5.16
  • Flavors of the past: A Pre-Hispanic drink tour in Mexico city. : $5.59
  • Free Mexico City Centre Tour: $5.59
  • CDMX: Museum of Memory and Tolerance - Anne Frank (Entrance ticket): $6.81
  • Hidden Gems of Exploration Game and Tour: $7.51
  • La Roma's Famous Sights and Local Lore: A Self-Guided Audio Tour: $7.99
  • Double Decker Bus Night Tour: $8.17
  • Guided tour POR the Basilica DE Guadalupe with architect: $8.34

Tours and Activities in Panama City

Here are a few actual costs in Panama City for available activities, ticket prices, and tours:

  • Big Kahuna Sunset Dolphin Cruise Experience: $55
  • 2 Hour Private Dolphin and Sightseeing Tour Shell Island: $70
  • 2 Hour Shell Island Jet Ski Dolphin Tour: $149
  • 2 Hours Shell Island Jet Ski Tour: $159
  • 3 Hour Tiki Boat Adventure: $55
  • 90 Minute Sunset Tiki Boat Tour: $45
  • Adventure Tour to Shell Island on the Privateer Catamaran: $65
  • Cruisin Tikis Shell Island Big Kahuna Beach and Snorkel Cruise: $70
  • Cypress Springs Eco Adventure: $130
  • Dolphin Sightseeing Tour on The Footloose Catamaran from Panama City Beach: $40
  • Footloose Catamaran Snorkel and Dolphin Watch Tour: $50
  • Original CRUISIN TIKIS 3 Hour Cruise, Snorkel, Swim/float Sandbar: $80

Alcohol
  • Alcohol Drinks for one day
    Mexico City $19
    Panama City $56

Sample the Local Flavors in Mexico City

Here are a few nightlife and alcohol tours and activities from local tour providers in Mexico City:

  • Guided Pub Crawl with Party Games: $23
  • Mexico City Pub Crawl: $23
  • Zona Rosa Pub Crawl Experience: $94
  • Teotihuacan´s Best Balloon Flight: Pyramids and Brewery tours : $120
  • Cavas Freixenet Wine Tour from Mexico City: $222
  • Private Cheese and Wine Tour to Queretaro: $479


When we compare the travel costs of actual travelers between Mexico City and Panama City, we can see that Panama City is more expensive. And not only is Mexico City much less expensive, but it is actually a significantly cheaper destination. So, traveling to Mexico City would let you spend less money overall. Or, you could decide to spend more money in Mexico 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Mexico City.

If you're trying to decide if either of these two destinations are within your price range, also see Is Mexico City Expensive? and Is Panama City Expensive?.


Which is Bigger, Mexico City or Panama City?

Mexico City has a larger population, and is about 300 times larger than the population of Panama City. When comparing the sizes of Mexico City 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.