Which place is cheaper, Cabo San Lucas or Panama City?
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 Panama City or Cabo San Lucas?
Which is cheaper to visit? Which is more expensive for vacation?
Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Panama City and Cabo San Lucas can help you decide which place is right for you.
Where Should I go: Panama City or Cabo San Lucas?
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.
Cabo San Lucas
Cabo San Lucas ("Cabo") is on the far southern end of the Baja Peninsula. It has countless resorts and activities for visitors. There are world class golf courses, fine dining options, and five star resorts. Prior to the 1980s, Cabo was a quiet fishing village but with the construction of a nearby airport in 1977, the city rapidly grew into one of Mexico's most popular resort vacation spots. Today, Cabo has one of the country's most vibrant nightlife scenes. It also has plenty of water sport activities, and a great beach scene.
For some great organized tour ideas, see The Best One-Week (7-Day) Tours from Panama City, The Best 2-Week Tours from Panama City, The Best Family-Friendly Tours to Mexico, and The Best Historical Tours in Mexico.
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Panama City Prices
Panama PricesCabo San Lucas Prices
Mexico Prices -
Average Daily Cost Per person, per dayPanama City $101Cabo San Lucas $159
The average daily cost (per person) in Panama City is $101, while the average daily cost in Cabo San Lucas is $159. 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 Panama City and Cabo San Lucas in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Cabo San Lucas $57
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Accommodation Typical double-occupancy roomPanama City $70Cabo San Lucas $114
Compare Hotels in Panama City and Cabo San Lucas
Looking for a hotel in Panama City or Cabo San Lucas? 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: Panama City Hotel Prices and Cabo San Lucas Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Cabo San Lucas $25
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
- 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
- One Way Private transfer Panama City PTY Airport to City: $19
- Panamá Tocumen Airport Hotel or airbnb Transfer: $25
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $34
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $67
- Guided Panama Canal & City Tour with Transfers: $70
Hired Cars and Shuttles in Cabo San Lucas
Some specific examples of transportation prices in Cabo San Lucas:
- Los Cabos Luxury Private Tesla Transfer from Airport to the Pacifica Area: $293
- Airport Transfers to Cabo San Lucas Pacifico Hotels RT: $290
- Cabo San Lucas Port to San Jose Del Cabo hotels - Round-Trip Private Transfer: $287
- Transfer to Cabo San Lucas from Round Trip Airport: $268
- Private Airport Transfers in Los Cabos: $253
- Los Cabos Luxury Private Tesla Transfer from Airport to Tourist Corridor Area: $236
- Los Cabos Luxury Private Tesla Airport Transfer: $236
- Private Escalade Airport Transfer in Los Cabos: $220
- Private Round Trip Transfer to San José del Cabo Art Walk: $215
- Los Cabos Luxury Tesla Transfer from Airport to San José del Cabo Area: $214
- Private Or Shared Airport Transfers: $210
- Private Transfer to Cabo San Lucas from Cabo Airport: $210
Is it cheaper to fly into Panama City or Cabo San Lucas?
Prices for flights to both Cabo San Lucas and Panama 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
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Food Meals for one dayPanama City $36Cabo San Lucas $80
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
Food Tours and Cooking Classes in Cabo San Lucas
Also, here are some specific examples of food and dining related activities in Cabo San Lucas.
- Authentic Mexican Legacy Cooking Class in Cabo San Lucas: $75
- San Jose del Cabo Food Tour & Visit to the Market: $79
- Flavors of Authentic Mexican Food Tour: $79
- San Jose del Cabo Morning Food Tour: $84
- San José del Cabo for Meat Lovers Food Tour: $90
- Sunset Mexican Dinner Cruise and Live Music in Cabo San Lucas: $95
- Parrillada dinner with a Private Chef in your villa/condo in Cabo or San Jose: $95
- Jumbo Shrimp Dinner in Your Private Villa or Condo in Cabo or San Jose del Cabo: $99
- Cabo San Lucas Sunset Dinner Cruise with Open Bar: $99
- Cabo Sunset Dinner Cruise with Live Music & Open Bar on Cabo Wave: $99
- Sunset E-bike Beach Ride with Mexican Dinner and Margaritas: $109
- San Jose del Cabo City Highlights with Tequila Tasting and Dinner: $110
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Cabo San Lucas $39
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Spanish Experience in Panama City: $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 Panama City Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Guided Walking Tour in Panama City: $32
Tours and Activities in Cabo San Lucas
Here are a few actual costs in Cabo San Lucas for available activities, ticket prices, and tours:
- Beach ATV y Camel Ride y Sky Bike Adventure: $140
- Camel Ride, UTV, and The Arch Tour with Lunch & Tequila Tasting!: $249
- OffRoad 4X4 UTV Adventure with unlimited Lunch & Tequila : $199
- Platinum Snorkel Tour : $239
- Traditional Tequila Tasting Experience with Jorge Cuervo: $87
- "Exclusive Cabo San Lucas Trimaran Experience with Snorkeling": $180
- 1 Hour Jet Ski Adventure : $180
- 2 Tank Tour in Cabo San Lucas Reserve, Certified Divers with MANTA: $138
- 2 in 1 Tour | Arc Tour with Beach Drop: $20
- 2-Hour ATV Riding Experience in San Jose del Cabo: $110
- 2-Hour Camel Ride Beach and Desert Adventure Experience: $120
- 2.10 Hour Sunset Tour on Catamaran in Cabo San Lucas : $75
Alcohol
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Alcohol Drinks for one dayPanama City $18Cabo San Lucas $26
Sample the Local Flavors in Cabo San Lucas
Some specific costs for nightlife related activities in Cabo San Lucas:
- Wine Tasting Sunset Cruise Tour in San Jose del Cabo: $280
When we compare the travel costs of actual travelers between Panama City and Cabo San Lucas, we can see that Cabo San Lucas is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Panama City is in Central America and Cabo San Lucas is in North 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 Cabo San Lucas would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Cabo San Lucas 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 Panama City Expensive? and Is Cabo San Lucas Expensive?.
Which is Bigger, Panama City or Cabo San Lucas?
Panama City has a larger population, and is about 10 times larger than the population of Cabo San Lucas. When comparing the sizes of Panama City and Cabo San Lucas, 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.