Which place is cheaper, Panama City or Tokyo?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
Jump to 
Should you visit Tokyo or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Tokyo or Panama City? This is a common question asked by many travelers. By figuring out which city has activities that align with your interests along with knowing which is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the details and the data, which all comes from actual travelers.
Where Should I go: Tokyo or Panama City?
Tokyo
Tokyo, the capital of Japan, is by far the most populous city in the world with a staggering 37 million people. As a worldwide hub for technology and business, it hosts millions of visitors annually. But Tokyo is not just a place for business trips. With its incredible mixture of historical temples and shrines, remarkably beautiful parks, endless shopping malls, and genuinely wonderful people, Tokyo is a terrific place to visit and to explore.
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 in Japan, The Best Bicycle Tours in Japan, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
-
Tokyo Prices
Japan PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayTokyo $190Panama City $101
The average daily cost (per person) in Tokyo is $190, 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 Tokyo and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personTokyo $79Panama City $35
-
Accommodation Typical double-occupancy roomTokyo $158Panama City $70
Compare Hotels in Tokyo and Panama City
Looking for a hotel in Tokyo 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: Tokyo Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Tokyo $18Panama City $11
Hired Cars and Shuttles in Tokyo
Also for Tokyo, here are a few examples of actual transportation services:
- One Way Shuttle Van Transfer, Tokyo ⇔ Nagano: $805
- One Way Shuttle Van Transfer, Tokyo ⇔ Hakone: $426
- Shuttle Van Tour Tokyo for 4 Hours or 6 Hours+Transfer Time: $368
- Yokohama Port: Private Customizable Tour with Transfer: $352
- Private Transfer from Haneda/Narita Airport to Hotel: $308
- Tokyo Haneda Airport (HND) to Tachikawa City - Round-Trip Private Transfer : $296
- Private Transfer: Tokyo to Haneda Airport HND by Sedan Car: $291
- Tokyo Departure Private Transfers from Tokyo City to Tokyo-Narita Airport NRT: $289
- Departure Private Transfer: Tokyo to Haneda Airport HND in Sedan: $286
- Private Transfer: Haneda Airport HND to Tokyo in Sedan Car: $274
- Private Departure Transfer : Tokyo Disney Resort to Narita International Airport: $272
- Tokyo Airport Transfers: Tokyo City to Tokyo-Narita Airport NRT in Luxury Van: $271
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 Tokyo or Panama City?
Prices for flights to both Panama City and Tokyo 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
-
Food Meals for one dayTokyo $67Panama City $36
Typical Food Prices in Tokyo
Here are some examples of typical meal expenses from previous travelers to Tokyo:
-
Late Night Noodles$5.41
-
Conveyor Belt Sushi Snack$5.41
-
Meal at Airport$7.05
Food Tours and Cooking Classes in Tokyo
For Tokyo, here are some samples of tours and activities related to meals and dining experiences:
- Tsukiji Food Tour Explore Markets and Temples in Tokyo: $18
- Hide's Table A Unique Dinner Gathering Every Wednesday Night: $21
- Tokyo : Vintage, Music & Food Tour in Shimokitazawa with a Local: $34
- Guided Tsukiji’s Local Food Tour : $34
- For First Time Visitor：Tsukiji Food Tour with Tokyo Travel Advice: $34
- Authentic Homestyle Japanese Cooking Class near Tokyo with Risa: $39
- Tokyo Bay Yakatabune Dinner/Day Cruise with Japan Show and Drinks: $44
- Weekend Japanese Cooking Demonstration with a Tokyo Mom, Toshiko: $49
- Japanese Sushi Cooking Class: $51
- Tokyo private hidden food tour: $55
- Mastering the Grill A Ninja Yakiniku A5 Wagyu Dinner in Nippori : $56
- Tokyo Retro Backstreet Tokyo Tour Option to Add Dinner: $56
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
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
-
Entertainment Entrance tickets, shows, etc.Tokyo $71Panama City $66
Tours and Activities in Tokyo
Also, here are some specific examples of entertainment, tickets, and activities for Tokyo.
- 4 Hours Shibuya - Shinjuku Night Tour: $102
- Knife Sharpening Experience in Tokyo : $23
- Kyu-Yasuda, Kiyosumi and Hama-Rikyu Tokyo Garden Tour: $159
- Manga Artist Experience with Professional Guidance in Tokyo: $114
- Mount Fuji and Iconic Scenic Spots Day Tour : $99
- Mt. Fuji Roundtrip Tours From Shinjuku, Japan: $84
- Pick the Hours That Suit You In A Flexible Tokyo Guided Tour: $70
- Private Walking Tour Tokyo's Fukagawa Edo Museum: $102
- Shibuya Tokyo Private Photo Tour Activity: $277
- Shinjuku Mini Ramen Tour: Shoyu, Tonkotsu & Miso: $98
- Tokyo Skytree Private Walking Tour Experience With cafe inside: $184
- Akihabara Otaku Tour - 1.5h Guided Shopping: $94
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
-
Alcohol Drinks for one dayTokyo $34Panama City $18
Typical Alcohol Prices in Tokyo
Below are a few samples from actual travelers for alcohol and nightlife costs in Tokyo:
-
Sake$4.06
Sample the Local Flavors in Tokyo
Here are a few nightlife and alcohol tours and activities from local tour providers in Tokyo:
- Low-cost local pub & bar crawling: $34
- Tokyo Pub Crawl: Unique Japanese Drinks in Shimokitazawa: $34
- 3 Hours Pub Crawl Welcome Guided Tour in Shibuya: $35
- Tokyo Pub Crawl: Unique Japanese Drinks in Shimokitazawa: $38
- 3-Hour Tokyo Pub Crawl Weekly Welcome Guided Tour in Shibuya: $46
- Private Shinjuku Nightlife Walking Tour & Golden-Gai Bar Crawl: $114
- Tokyo's Oldest Sake Brewery and jump into historic town: $116
- Private Sake Tasting at 300 Years Old Sake Brewery in Tokyo : $132
- Sake Brewery and Spiritual Nature Tour in Okutama Tokyo: $142
- Cultural Sake Brewery Private Tour & Unlimited Tasting Near Tokyo: $172
- From Tokyo：Mt.fuji /Museum/Sake brewery/ 1DAY BUS TOUR: $201
- Private tour: Tokyo's Oldest Sake Brewery and riverside walk.: $242
When we compare the travel costs of actual travelers between Tokyo and Panama City, we can see that Tokyo is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Tokyo 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 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 Tokyo would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Tokyo 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 Tokyo Expensive? and Is Panama City Expensive?.
Which is Bigger, Tokyo or Panama City?
Tokyo has a larger population, and is about 20 times larger than the population of Panama City. When comparing the sizes of Tokyo 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.