Panama Travel Budget

How much does it cost to travel to Panama?

Average Daily Expenses

(Per Person)

This typical travel budget for Panama is an aggregation of travel expenses from real travelers. This will give you an idea of how much money you will need during your visit.

Daily Cost PAB 55.97
Accommodation1 PAB 24.50
Food2 PAB 17.29
Water2 PAB 2.48
Local Transportation1 PAB 7.30
Entertainment1 PAB 19.29
Communication2 PAB 4.78
Tips and Handouts1 PAB 3.35
Intercity Transportation1 PAB 15.72
Souvenirs1 PAB 8.36
Scams, Robberies, and Mishaps1 PAB 47.57
Alcohol2 PAB 11.06
Last Updated: Dec 1, 2016
Sample Costs

Below are some expenses from the budgets of actual travelers.

Sandwich PAB 8.25
Yoga Class PAB 5.00
Starfish Island Boat Trip PAB 20.00
Water Taxi PAB 3.00
Breakfast PAB 14.00
Lunch PAB 15.00
Island Boat Tour PAB 25.00
Panama is a wonderful country that is easy to navigate and makes for a great introduction to Central America. When people think of this country, they most often think of Panama City, but there is so much more to this country. In addition to its cosmopolitan and cultural capital city, this area has wonderful rainforests and national parks. It also has beautiful beaches, world renowned scuba diving, and countless trekking opportunities. The country is quite diverse, but offers an excellent internal transportation system in the form of intercity buses, frequent flights, and a large number of privatized tourist transportation companies. Whatever your budget and travel style, you'll likely be surprised at how easy it is to travel around this beautiful country. Because of its ease of transportation, many expats have chosen to make their home in Panama, and you can see the international influence throughout the country.

The weather is pleasant in Panama year around and the temperatures generally stay consistent with highs around 90 degrees Fahrenheit and evening temperatures in the seventies. There is a rainy season that runs from May to November, and a dry season that runs between December and April. Even in the rainy season, do not expect it to rain all day. Most of the day is still pleasant and enjoyable.

English is prevalent throughout the country, and the currency is locked to the US dollar, making it a convenient place to experience this part of the world. Prices here may be slightly higher than some other Central American countries, but you can still find some good deals. There are some tricks to staying on budget in this country. In particular, spend a few days in Panama City and then move on. Other destinations are just as interesting at a fraction of the cost. Also avoid taxis if at all possible, as the prices are unreasonably high and the drivers typically refuse to negotiate. If you're on a particularly tight budget, look for hotels and hostels that don't have hot water, then ask for a discount. The weather is so hot most of the year, you're unlikely to miss the hot water anyway.
At A Glance
  • Panama is probably one of the easiest countries in Central America to travel around. For this reason many people pick it as their first destination in the region. It has a cosmopolitan feel in its cities and an exotic feel in its jungles. It also has a large expat community because of its low cost of living and the ease at which you can get around. With English being a common language, it is easy to communicate and navigate through this country.

  • It's very easy to cross from Costa Rica into Panama. There are great roads and public transportation is readily available. Generally the border crossing are smooth and efficient with few delays. If you have your own private vehicle it is also possible to take it across the border. It is very difficult to cross from Panama into Columbia because of the presence of the Darien Gap. There are no roads in this area and public transportation does not connect the two countries.

  • Panama has used the U.S. Dollar as its currency since 1904, although it is referred to as the Balboa. There is some difference in the coin currency, but the value and size remains the same. You can even use Panama coins in the US in parking meters, payphones or vending machines.

  • There is no shortage of outdoor adventure sports activities in this country. You can participate in anything from whitewater rafting to kayaking or zip lining. There is also some excellent scuba diving, snorkeling and hiking.

  • Public transportation here is superb and you are unlikely to need any form of private transportation to get around. The buses are usually of a high quality and the prices for intercity trips are quite low. The roads are generally paved and in good condition as well.
Top Tourist Attractions
Coiba National Marine Park: This is a great place to see rare land and sea animals and is sometimes referred to as the Galapagos of Central America. Located about thirty miles off the coast of Panama in the Gulf of Chiriqui, Coiba National Marine Park has many islands, the largest of which is called Coiba.

Islas Secas: This is a series of islands located in the Chiriqui Gulf that is famous and world class for its sport fishing. The islands are privately owned by an American and you will find a nice eco-resort that you can visit.

Volcan Baru National Park: Here you will find Panama's tallest peak, standing high at over 11,000 feet. This park offers wonderful opportunities for hiking and wildlife spotting. It's near the town of Boquete and at the top you can see both oceans on a clear day. You'll also see crops of the famous geisha coffee growing along the edge of the volcano.
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Popular Foods
Food in Panama is heavily influenced by the Afro-Caribbean, French and Spanish cultures. In the city you can find almost any type of food, but once you're in the countryside you'll find predominantly seafood and beef options. Plantains are common in many dishes, and rice and beans are common staples.

Patacones: A traditional dish of fried green plantains, patacones are included as a side dish with most meals. They are comparable to potato chips or fries, but are typically served with a garlic dipping sauce. This side dish reflects the Caribbean influence on cuisine in the area.

Chichas: This is a delicious fruit, water, and sugar drink that is often made with mangoes, tamarindo, papaya, or passionfruit. The drinks can be either alcoholic or nonalcoholic.

Empanadas: A quick snack dish, empanadas are a pastry that is filled with either meat, cheese, and sometimes vegetables. They can be quite large and are made with dough folded into a semicircle. They are a wonderful, affordable lunch option that are available at a lot of street stalls and many different restaurants.

Quick Facts
  • 5% - 15%
  • Yes
US Embassy Information
Building 783
Demetrio Basilio Lakas Avenue
(507) 207-7000
panamaweb@state.gov
http://panama.usembassy.gov/index.html
1 Categories averaged on a per-item basis.
2 Categories averaged on a per-day basis.
For example, the Food2 daily average is for all meals for an entire day, while Entertainment1 is for each individual purchase.
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