Which place is cheaper, Panama City or Mumbai?
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 Mumbai or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Mumbai or Panama City, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Mumbai or Panama City?
Mumbai
Mumbai is the largest city in India and the capital of Maharashtra state. It is still occasionally referred to as Bombay, but most people know it now as Mumbai. It's the commercial capital of the country and is a major port city. It's also famous for Bollywood, which is the movie capital of the country and famous for it's music filled Bollywood flicks that have become popular around the world. Mumbai is arguably the most cosmopolitan city in India and has some of the most liberal views of an otherwise conservative country. Many immigrants and expats live in Mumbai and it's easy to see the blend of cultures.
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 2-Week Tours from Mumbai, The Best Family-Friendly Tours to India, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Mumbai Prices
India PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMumbai $83Panama City $101
The average daily cost (per person) in Mumbai is $83, 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 Mumbai and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMumbai $32Panama City $35
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Accommodation Typical double-occupancy roomMumbai $64Panama City $70
Compare Hotels in Mumbai and Panama City
Looking for a hotel in Mumbai 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: Mumbai Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Mumbai $7.37Panama City $11
Hired Cars and Shuttles in Mumbai
Also for Mumbai, here are a few examples of actual transportation services:
- Luxury Mumbai Package with Hotel,Private Airport Transfers and Sightseeing Tour: $270
- Private Transfer from Mumbai Cruise Port to Mumbai Hotels: $168
- Private Transfer from Mumbai hotels to Mumbai Cruise Port: $168
- Private Transfer from Mumbai Int Airport (BOM) to Mumbai Port: $162
- Mumbai Airport Transfers : Mumbai Airport BOM to Mumbai City in Luxury Van: $114
- Arrival Private Transfers: Mumbai Airport BOM to Mumbai City in Luxury Van: $102
- Create Your Own: Custom Private Tour of Mumbai with transfers: $97
- Private Transfer from Mumbai Cruise Port to Mumbai Hotels: $81
- Transfer to & fro Airports,Cruise Terminal,Hotels or any whichway, one way/time: $69
- Airport Transfer: Mumbai Airport BOM to Mumbai by Business Car: $66
- Arrival Private Transfers: Mumbai Airport BOM to Mumbai City in Business Car: $66
- Mumbai - private arrival transfer from Airport to Hotel : $64
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 Mumbai or Panama City?
Prices for flights to both Panama City and Mumbai 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 dayMumbai $42Panama City $36
Food Tours and Cooking Classes in Mumbai
For Mumbai, here are some samples of tours and activities related to meals and dining experiences:
- Private Street Food Tour with Mumbai Sightseeing Tour including AC vehicles: $19
- Vegetarian Indian Cuisine Virtual Cooking Class Experience from Mumbai: $20
- Mumbai Food Tour: $20
- Small Group Authentic Mumbai Virtual Cooking Class with Dessert: $20
- Mumbai Street Food Tour with Evening Bazaar Walk: $29
- Indian cusine demonstration cum hands on with Hi Tea / Dinner at a Family home: $31
- Bombay Express Mumbai Food Tour with 15+ Tastings: $39
- Mumbai Street Food Tour: $42
- Daily Mumbai Street Food Tour : $52
- Private Mumbai Market Tour and Cooking Class With an Expert: $52
- Private Vegetarian Indian Cooking Class in Mumbai: $53
- Private Market Tour and Vegetarian Cooking Class in Mumbai: $64
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.Mumbai $2.52Panama City $66
Tours and Activities in Mumbai
Also, here are some specific examples of entertainment, tickets, and activities for Mumbai.
- Dharavi Authentic Slum Tour: $120
- Kanheri Caves Heritage Tour: $45
- Mumbai by Night Guided Tour : $50
- Private Full-Day Mumbai Sightseeing Tour with Dharavi Slums: $41
- "Private Mumbai City Sightseeing Tour": $46
- "Private Mumbai Dharavi Slum Tour": $9.24
- "Private Mumbai Kanheri Caves Tour : A Buddhist Settlement": $46
- 3 Day Private Tour in Aurangabad: $290
- 3 Hours Early Morning in South Mumbai Heritage Bicycle Tour : $46
- 3-Hour Private Guided Tour in Bollywood from Mumbai: $226
- 7 Hour Mumbai City Sightseeing Tour By Navv Om Namaha Shivaya: $116
- All In One Combo Tour of Mumbai City, Dabbawalas, Dhobhi Ghat, Slums & Bollywood: $150
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 dayMumbai $3.50Panama City $18
Sample the Local Flavors in Mumbai
Some specific costs for nightlife related activities in Mumbai:
- Bombay Party (Bar Crawl): $25
- South Bombay Pub Crawl: $37
When we compare the travel costs of actual travelers between Mumbai and Panama City, we can see that Panama City is more expensive. And not only is Mumbai much less expensive, but it is actually a significantly cheaper destination. Since Mumbai is in Asia 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 Mumbai would let you spend less money overall. Or, you could decide to spend more money in Mumbai 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 Mumbai.
If you're trying to decide if either of these two destinations are within your price range, also see Is Mumbai Expensive? and Is Panama City Expensive?.
Which is Bigger, Mumbai or Panama City?
Mumbai has a larger population, and is about 30 times larger than the population of Panama City. When comparing the sizes of Mumbai 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.