Travel Budget for Panama City

Provincia de Panama, Panama

How much does it cost to travel to Panama City?

Average Daily Expenses

(Per Person)

This typical travel budget for Panama City 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.

Average Daily Travel Cost:
PAB 58.52
Accommodation1 PAB 22.25
Food2 PAB 15.58
Water2 PAB 2.99
Local Transportation1 PAB 5.90
Entertainment1 PAB 49.81
Tips and Handouts1 PAB 6.52
Souvenirs1 PAB 8.36
Scams, Robberies, and Mishaps1 PAB 4.00
Alcohol2 PAB 14.53
Sample Costs

Below are some expenses from the budgets of actual travelers.

Sandwich PAB 8.25
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.

The city is the most modern in all of Central America. The skyline has a large number of skyscrapers and high rise buildings, and the city continues to grow in wealth and prosperity.

Panama City's climate is tropical wet and dry. The wet season is between May and December and the dry season is from January through April. The temperatures are relatively constant throughout the year with an average temperature of about 81 degrees Fahrenheit.
There are some wonderful, world renowned sights around Panama City, with the most famous being the legendary Panama Canal. The most convenient and cheapest place to see the canal is at the Miraflores locks, where you can watch the boats travel through the canal. There's also a museum, movie theater, and expensive restaurant nearby. You can reach the locks by taxi for about US$6 one way.

Other places worth visiting in Panama City include Mi Pueblitos, Biomusea, Casco Viego, Panama Viejo, and Amador Causeway.
Panama City is a large city with many interesting neighborhoods worth visiting. Amador Causeway is a man-made peninsula on the southern part of the city. It's a great dining and entertainment area with nice views of the skyline.

Balboa, Cerro Ancon, and Albrook are all quiet, residential neighborhoods that are in the former Canal Zone. This is also where you'll find the domestic airport, Albrook.

Calidonia and La Exposicion are experiencing much of the city's growth. There are high rise developments and also budget accommodation, but there are safer and more enjoyable neighborhoods elsewhere in the city so this area is not recommended.

Casco Viejo and San Felipe are nice areas with houses that date back to the 1800s. This area has been made a UNESCO World Heritage Site and is being nicely restored.

Along the coastline in Marbella, Punta Paitilla, and Punta Pacifica where there are many residential towers and shopping malls.

El Cangrejo, Area Bancaria, and Bella Vista make up a compact, upscale area that has a lot of charm. The Financial District is in Area Bancaria and there are many great places to stay in El Cangrejo.

Panama Viejo is the on the eastern edge of the city. This was the first settlement in Panama but it was later burned. It's possible to visit this area as part of a walking tour.
As a large, modern city, there are plenty of activities that you can enjoy while you're in Panama City. There are several Spanish Language schools in the city. This is a great place to learn or improve your Spanish skills in a fun and upbeat setting.

There are also plenty of shopping opportunities throughout the city. You'll find many street markets in the Caledonia area. There are many malls in the city including the Albrook Shopping Mall where you can find affordable clothes and entertainment such as bowling, movie theaters, and arcades. For more traditional Panamanian crafts head to the shops in the Centro de Artesanias. This is in the Balboa neighborhood.
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Food and Dining
There are many traditional Panamanian restaurants throughout the city. The prices range from affordable to expensive and the quality is usually quite good.

If you're looking for a cheap meal, there are many cafes around town that sell sandwiches that are quite good. Also head to the fish market outside of Casco Viejo where you can find some fresh, cheap,and delicious options. If you're looking for something other than traditional food, there are great and affordable Chinese restaurants all over town.
Panama City has a decent bus system and this is the cheapest option for exploring the city. The buses can get very crowded during rush hour, but their festive colors make for a fun experience. In recent years the colorful old buses have slowly been replaced by newer, air conditioned buses. The final destination of the bus is usually written on the top.

Alternatively, the easiest and most convenient way to travel around Panama City is by taxi. Taxis do not have a meter, but the driver should have a table available that will tell you the cost based on your starting and ending locations. Prices are set by the authorities and there will be an additional fee for every extra passenger.

In 2014 Panama City opened it's Metro system. It is a clean and affordable travel option. The Metro goes between the Albrook Mall/International Bus Station, through Panama City to the town of Los Andes. This covers about eight miles but does not go near many of the tourist destinations.
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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