Which place is cheaper, Panama City or Montevideo?
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 Montevideo or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Trying to figure out where to travel next? This travel comparison between Montevideo and Panama City can help. It includes a travel cost comparison in addition to other factors. For many travelers, the cost of a destination is a primary consideration when choosing where to go.
Where Should I go: Montevideo or Panama City?
Montevideo
As the morning sun tinges the calm waters of the Rio de la Plata with a golden hue, the Rambla and its city awakens to life with new adventures for those near and far. From tanning on the luxurious beaches to peering into Uruguayan history at local museums, one can be far from bored while staying in Montevideo. Combining the quaintness of the countryside with the excitement of urban life, this city holds a unique trait that cannot easily be replicated.
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 Cultural Tours in Uruguay, The Best Adventure Tours to Uruguay, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Montevideo Prices
Uruguay PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMontevideo $70Panama City $101
The average daily cost (per person) in Montevideo is $70, 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 Montevideo and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMontevideo $38Panama City $35
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Accommodation Typical double-occupancy roomMontevideo $76Panama City $70
Compare Hotels in Montevideo and Panama City
Looking for a hotel in Montevideo 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: Montevideo Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Montevideo $7.06Panama City $11
Hired Cars and Shuttles in Montevideo
Also for Montevideo, here are a few examples of actual transportation services:
- Transfer from Montevideo to Colonia del Sacramento: $438
- Transfer from Montevideo to Punta del Este: $328
- Private Transfer from Montevideo hotels to Punta Del Este Port: $275
- Roundtrip Transfer Montevideo Airport (MVD) - Punta del Este: $210
- Private Transfer from or to Carrasco Airport in Montevideo: $120
- Transfer to Punta del Este from Montevideo / Punta to Montevideo: $112
- TRANSFER FROM OR TO THE AIRPORT (4 to 12 paxs): $90
- Private Transfer from Carrasco Airport (MVD) to Montevideo Port: $86
- Private Transfer from Montevideo Port to Carrasco Airport (MVD): $86
- Shared 1-Way or Round Trip MVD Airport Transfer: $85
- Private Transfer from Montevideo Cruise Port to Montevideo city: $81
- Transfer from the Hotel in Montevideo to Montevideo airport: $60
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
- Transfer Airport or Hotel To Playa Venao Panama or vice versa: $260
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Private Transfer from Panama City Hotels to Colón Cruise Port: $158
- Miraflores Visitor Center Ticket & Transfer: $155
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $150
- Roundtrip Private Transfer Panama Airport (PTY) - Playa Blanca : $142
- Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $107
Is it cheaper to fly into Montevideo or Panama City?
Prices for flights to both Panama City and Montevideo 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 dayMontevideo $22Panama City $36
Food Tours and Cooking Classes in Montevideo
For Montevideo, here are some samples of tours and activities related to meals and dining experiences:
- Show + Dinner - El Milongon (No Transport): $93
- The best Montevideo Dinner Show. Tango and Candombe. El Milongon.: $98
- Montevideo Private Best Street Food Tour With A Local Guide: $107
- El Milongon Dinner & Show: Candombe, Tango and Folklore: $108
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.Montevideo $20Panama City $66
Tours and Activities in Montevideo
Also, here are some specific examples of entertainment, tickets, and activities for Montevideo.
- Colonia del Sacramento - Regular Tour: $60
- Punta del Este, City Tour from Montevideo: $140
- Afternoon Tea Experience at Sofitel Montevideo Carrasco & Spa: $29
- Audio Guided Tour in Montevideo City for Cruisers: $26
- Best City Shared Tour for Cruisers: $65
- Best Private Tour of Montevideo for cruise-ship passengers: $450
- Bodega Santa Rosa: Famiglia Passadore Tour Tasting with Lunch: $86
- Bouza Winery Full Experience (Tasting and Lunch): $180
- City Tour of Montevideo: $40
- City Tour, the best option for small groups: $120
- City tour Montevideo: $27
- Colonia & Montevideo from Buenos Aires - Private 2 Day Tour: $1,560
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 dayMontevideo -Panama City $18
Sample the Local Flavors in Montevideo
Here are a few nightlife and alcohol tours and activities from local tour providers in Montevideo:
- Pizzorno Winery with Lunch and Wine Tasting: $116
- The best wine tour: $140
- Wine tour - Lunch & Tasting with Wine Explorers: $198
- Wine Tasting & Countryside Lunch Experience: $225
- Montevideo Wine Tour with Tasting and Lunch: $226
- Wine Tasting Tour for Cruise Passengers: $450
When we compare the travel costs of actual travelers between Montevideo and Panama City, we can see that Panama City is more expensive. And not only is Montevideo much less expensive, but it is actually a significantly cheaper destination. Since Montevideo is in South America 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 Montevideo would let you spend less money overall. Or, you could decide to spend more money in Montevideo 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 Montevideo.
If you're trying to decide if either of these two destinations are within your price range, also see Is Montevideo Expensive? and Is Panama City Expensive?.
Which is Bigger, Montevideo or Panama City?
Montevideo has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Montevideo 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.