Which place is cheaper, Panama City or Munich?
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 Munich or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Munich 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: Munich or Panama City?
Munich
Munich is the capital city of Bavaria and a top travel destination within Germany. It has stunning architecture and a cultural scene that rivals Berlin. It has some of the country's top museums, festivals, and concerts. Munich is most famous for its Oktoberfest, which is easily the busiest time of year in the city. The architecture is what surprises most travelers. It's quite impressive and truly adds to the character of the city. Although much of Munich was destroyed during World War II, the city has successfully rebuilt most of the buildings in their previous style. Much of the city remains as it was in the 1800s. There are two major research universities in Munich, helping to make it a center for engineering, business, and the sciences.
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 Romantic Tours for Couples in Germany, The Best Walking Tours in Germany, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Munich Prices
Germany PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMunich €168Panama City €86
The average daily cost (per person) in Munich is €168, 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 Munich and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMunich €89Panama City €30
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Accommodation Typical double-occupancy roomMunich €178Panama City €60
Compare Hotels in Munich and Panama City
Looking for a hotel in Munich 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: Munich Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Munich €19Panama City €9.09
Typical Local Transportation Prices in Munich
Here are some examples of typical transportation prices from actual travelers in Munich:
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Single Zone Trip on Subway€2.30
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Inner District Subway Day Pass€5.20
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City transport day ticket€11
Hired Cars and Shuttles in Munich
Some specific examples of transportation prices in Munich:
- Private transfer from Munich to Prague: $846
- Budapest: Private transfer to Munich or Munich to Budapest: $547
- Private Transfer from Munich to Nuremberg with 2 hours for sightseeing: $287
- Munich to Prague - Private Door-to-Door Transfer, Local English-speaking Driver: $287
- Private transfer from Munich to Vilshofen or Vilshofen to Munich: $275
- Private Transfer from Munich to Linz, Hotel-to-hotel, English-speaking driver: $269
- Departure Transfer: Munich to Munich Airport MUC by Luxury Car: $265
- Arrival Transfer: Munich Airport MUC to Munich by Luxury Car: $265
- Private transfer from Munich to Salzburg or Salzburg to Munich: $251
- Private Door-to-Door Transfer from Munich to Passau, Local Driver: $249
- Private Transfer from Munich to Salzburg, English-speaking driver: $245
- Skip-the-line Nymphenburg Palace Guided Tour with Transfers: $244
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport To City Hotel transfer: $50
- Arrival Private Transfer Panama PTY Airport to City by Luxury SUV: $84
- Arrival Private Transfer Panama PTY Airport to Panama City by SUV: $75
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Luxury SUV Private Transfer Panama City to Panama PTY Airport: $84
- PTY Airport Transfer Service To Panama City: $25
- Panamá Tocumen Airport Hotel or airbnb Transfer: $25
- Panama Airport (PTY) to Coronado/Gorgona - Round-Trip Transfer: $213
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $33
- Guided Panama Canal & City Tour with Transfers: $70
- Historic District and Canal Tour with Transfer: $65
Is it cheaper to fly into Munich or Panama City?
Prices for flights to both Panama City and Munich 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 dayMunich €47Panama City €31
Typical Food Prices in Munich
Below are a few samples from actual travelers for food and meal costs in Munich:
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Bratwurst€5.00
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Leberkässemmeln (Veal & Pork Sandwich)€1.95
Food Tours and Cooking Classes in Munich
Also, here are some specific examples of food and dining related activities in Munich.
- Flavors of Bavaria: A Self Guided Food Tour in Munich: $20
- Hard Rock Cafe with Set Menu for Lunch or Dinner: $32
- Hard Rock Cafe Munich with Set Lunch or Dinner : $35
- Viktualienmarkt Gourmet Food Tour: $51
- Culinary Haidhausen - The Food Tour: $52
- 3-Hour Food Tour Through Schwabing in German: $63
- 3-Hour Food Tour Through Haidhausen in GERMAN: $63
- Christmas Markets Food Tour in Munich: $66
- Munich Food Tour : True Bavarian Full Meal with Drinks: $70
- Beer and Food Tour with Dinner & Oktoberfest Museum: $85
- Food Tour Beer- 3 small beers & "Brotzeit" in GERMAN: $87
- Munich Old Town Food Tour with 10+ Bavarian Specialties: $110
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:
- Panama Evening Food Tour: $60
- Street Food Tour in Panama City with 24 samples and secret drinks: $69
- 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
- Embera Village Cooking Class Experience in Chagres National Park: $125
- 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.Munich €29Panama City €56
Typical Entertainment Prices in Munich
Here are a few typical costs in Munich for activities, ticket prices, and tours that come from previous visitors:
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Schack Gallery Entrance€4.00
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Munich Zoo Entrance€9.00
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Pub Crawl Munich Tour€14
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Neuschwanstein Castle (2)€24
Tours and Activities in Munich
Here are a few actual costs in Munich for available activities, ticket prices, and tours:
- Access A tour for blind and partially sighted people: $179
- Ride Through Munich on Shared Scooter Tour: $72
- 11 places on the trail of the Nazi era - self-guided tour: $12
- 2 Hours Best of München Sightseeings Tour: $81
- 2 Hours VIP Private Segway Tour: $100
- 2 hour Sights Guided E-Scooter Tour in Munich: $72
- 2-Hour Segway Discovery Munich Night Tour: $102
- 2-Hour Segway Discovery Tour Munich: $72
- A Full-Day Walking Tour of Munich: $470
- A Self-Guided Bavarian Tour of Munich's Hidden Wonders: $3.57
- A delicacy tour through Munich's old town: $53
- Alte Pinakothek Munich Guided Tour: $116
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- The Hull Experience Colonial Tour: $14
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Experience of Salsa in Panama: $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 Hop-On Hop-Off Bus Tour: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
Alcohol
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Alcohol Drinks for one dayMunich €37Panama City €15
Typical Alcohol Prices in Munich
Below are a few samples from actual travelers for alcohol and nightlife costs in Munich:
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Hofbrauhaus€12
Sample the Local Flavors in Munich
Here are a few nightlife and alcohol tours and activities from local tour providers in Munich:
- Exclusive Brewery Tour & Tasting of 4 Organic Beers: $31
- Munich's Original Pub Crawl: $34
- Private Pub Crawl with Free Beer and Shots: $35
- English Guided Brewery Tour in Munich beertasting 4 beers: $41
- Guided tour and beer tasting in the middle of the Hadern brewery: $42
- South Tyrolean specialties and wine tasting: $46
- Beer and Brewery Tour in Munich: $56
- Old Town Beer and Pub Tour (4 beers): $65
- Beer and Pub Tour with Tasting Portions: $69
- Aschheim: Distillery Tour with Tasting and Buffet: $81
- Private Wine Tasting Tour in Munich with a Wine Expert: $316
- Private pub crawl with insider-guide & free shots: $317
When we compare the travel costs of actual travelers between Munich and Panama City, we can see that Munich is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Munich 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 Munich would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Munich 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 Munich Expensive? and Is Panama City Expensive?.
Which is Bigger, Munich or Panama City?
Munich has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Munich 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.