Which place is cheaper, Panama City or Rio de Janeiro?
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 Rio de Janeiro 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 Rio de Janeiro 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: Rio de Janeiro or Panama City?
Rio de Janeiro
Rio de Janeiro is the most popular travel destination in Brazil. It is the second largest city in Brazil and the sixth largest in the Americas. A portion of the city has been designated a World Heritage Site. It's also famous for Carnival, it's gorgeous beaches, and world-famous landmarks. Rio's appeal as a travel destination is apparent year round due to the great weather and plenty of fun activities. The city has a wonderful natural harbor that is surrounded by Sugar Loaf Mountain, Corcovado Peak, and the hills of Tijuca, creating an absolutely breathtaking and awe-inspiring setting.
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 G Adventures Tours to Brazil, The Best One-Week (7-Day) Tours from Rio de Janeiro, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Rio de Janeiro Prices
Brazil PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayRio de Janeiro $115Panama City $101
The average daily cost (per person) in Rio de Janeiro is $115, 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 Rio de Janeiro and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personRio de Janeiro $64Panama City $35
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Accommodation Typical double-occupancy roomRio de Janeiro $128Panama City $70
Compare Hotels in Rio de Janeiro and Panama City
Looking for a hotel in Rio de Janeiro 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: Rio de Janeiro Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Rio de Janeiro $7.65Panama City $11
Typical Local Transportation Prices in Rio de Janeiro
Here are some examples of typical transportation prices from actual travelers in Rio de Janeiro:
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Taxi Ride$2.82
Hired Cars and Shuttles in Rio de Janeiro
Some specific examples of transportation prices in Rio de Janeiro:
- TRANSFER VAN Rio de Janeiro x Búzios/Arraial do Cabo/Cabo Frio: $282
- Private Transfer From Rio De Janeiro to Buzios: $249
- Private Bilingual Transfer Angra dos Reis, Búzios or Paraty: $242
- TRANSFER - CLUB MED Rio: $225
- Private transfer Rio de Janeiro x Nova Friburgo: $222
- Buzios Private Transfer to and from Rio de Janeiro: $200
- TRANSFER 4 Passengers: Búzios/Angra dos Reis/Arraial do Cabo/Cabo Frio.: $200
- Transfers Rio X Buzios : $184
- Private Rio de Janeiro Layover Transfer & Tour from Airport: $180
- Private Transfer from Rio de Janeiro cruise port to Rio de Janeiro city: $172
- Rio to Buzios Private Transfer - by Alan Denis: $170
- Private Transfer from Cabo Frio Port to Rio de Janeiro hotels: $166
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
Is it cheaper to fly into Rio de Janeiro or Panama City?
Prices for flights to both Panama City and Rio de Janeiro 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 dayRio de Janeiro $34Panama City $36
Typical Food Prices in Rio de Janeiro
Below are a few samples from actual travelers for food and meal costs in Rio de Janeiro:
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Popcorn$0.56
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Corn on the Cob$0.75
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Hamburger$0.94
Food Tours and Cooking Classes in Rio de Janeiro
Also, here are some specific examples of food and dining related activities in Rio de Janeiro.
- Waterfront Dinner and Live Music in Rio de Janeiro: $46
- Hands-On Cooking Class in Rio: Iconic Street Foods & Caipirinhas: $75
- Authentic Brazilian BBQ & Wine: A Guided Dinner Experience in Rio: $79
- Roxy Show - Brazilian Rhythms with optional Barbecue Dinner: $85
- Food Tour Rio de Janeiro - The Best Typical Brazilian Dishes: $92
- Family Cooking Class in Rio Make 9 Brazilian Dishes Together: $95
- LGBTQ+ Cooking Class in Rio: Cook, Toast & Celebrate Together: $95
- Brazilian BBQ Cooking & Drinks Class + Patio Party in Copacabana: $95
- Dinner and Show at the Official Roxy Dinner Show - Rio de Janeiro: $122
- Brazilian Dinner Show: Cultural Experience in Rio de Janeiro: $126
- Samba Show Admission & Transfer with Dinner Option: $130
- Flavors of Cooking Class and Caipirinhas: $130
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.Rio de Janeiro $21Panama City $66
Tours and Activities in Rio de Janeiro
Here are a few actual costs in Rio de Janeiro for available activities, ticket prices, and tours:
- 2 Day Tour from Rio de Janeiro, Corcovado and Arraial do Cabo: $180
- A Day in Arraial do Cabo Guided Tour: $77
- Favelas do Vidigal or Rocinha's experience: $23
- Ilha Grande Tour Full day - Rio de Janeiro by Rio Eco Trip: $105
- One Day Guided Tour in Rio de Janeiro: $165
- Samba Backstage Tour: Go Behind-the-Scenes of Carnival: $159
- 1 Day Discovery Tour NO Rio DE Janeiro: $192
- 1 day tour Rio de Janeiro to Christ and Cable car and much more: $115
- 10 Hours Private City Tour in Rio de Janeiro - Chartered Tour: $300
- 2 Days Tour in City Tour Express and Arraial do Cabo: $168
- 2 Days in Rio: Cultural & Ecologic Tours: $290
- 3 Hour Rocinha Favela Walking Tour with a Local Guide : $42
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
Alcohol
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Alcohol Drinks for one dayRio de Janeiro $12Panama City $18
Sample the Local Flavors in Rio de Janeiro
Here are a few nightlife and alcohol tours and activities from local tour providers in Rio de Janeiro:
- Petropolis City Tour with Imperial Museum and Optional Lunch & Bohemia Brewery: $40
- Rio de Janeiro Pub Crawl (Lapa district): $40
- Rio Pub Crawl: Taste Caipirinhas & Local Bar Snacks: $95
- Petrópolis City and Brewery Bohemia Tour - Best of Rio's Mountains: $110
When comparing the travel costs between Rio de Janeiro and Panama City, we can see that Rio de Janeiro is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Even though Rio de Janeiro is in South America and Panama City is in Central America, both of these destinations have relatively similar prices of travel. Generally, the levels of luxury and expenses are the same for these cities even though they are geographically far apart.
If you're trying to decide if either of these two destinations are within your price range, also see Is Rio de Janeiro Expensive? and Is Panama City Expensive?.
Which is Bigger, Rio de Janeiro or Panama City?
Rio de Janeiro has a larger population, and is about 10 times larger than the population of Panama City. When comparing the sizes of Rio de Janeiro 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.