Which place is cheaper, Panama City or Belgrade?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Belgrade 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 Belgrade 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: Belgrade or Panama City?
Belgrade
Belgrade is the capital city of the Republic of Serbia. Dating back to the 4th Century BC, is has seen many changes from Celtic tribes at its earliest beginnings to Roman rule, the Ottoman Empire, and Serbian independence. Relics of its past can be seen today in Belgrade's architecture and museums, while there are also a host of contemporary activities like nightlife, clubs, cafes, and concerts.
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 Budget Tours to Serbia, The Best One-Week (7-Day) Tours from Belgrade, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
-
Average Daily Cost Per person, per dayBelgrade $47Panama City $86
The average daily cost (per person) in Belgrade is $47, while the average daily cost in Panama City is $86. 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 Belgrade and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personBelgrade $32Panama City $35
-
Accommodation Typical double-occupancy roomBelgrade $64Panama City $70
Compare Hotels in Belgrade and Panama City
Looking for a hotel in Belgrade 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: Belgrade Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Belgrade $5.81Panama City $11
Hired Cars and Shuttles in Belgrade
Some specific examples of transportation prices in Belgrade:
- Sarajevo: Belgrade transfer: $335
- Private Transfer from Belgrade Airport (BEG) to Tuzla: $283
- Belgrade to Zlatibor private transfer by car: $262
- Sarajevo: One-Way Private Transfer to Belgrade: $257
- Private Transfer from Belgrade Airport (BEG) to Subotica: $252
- Belgrade Panorama - Private Arrival Transfer and City Tour Combined: $249
- Belgrade Layover tour with E Scooter and airport transfers: $223
- Private Transfer from Belgrade Airport (BEG) to Kragujevac: $213
- From Belgrade to Timisoara Private Transfer Tour: $201
- Transfer service to Kopaonik from Belgrade Airport or hotel: $179
- Private transfer from Belgrade or Belgrade Airport to Novi Sad: $176
- Belgrade Nikola Tesla Airport (BEG): Transfer to Belgrade: $151
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Private transfer from airport to hotels in Panama City: $15
- Panama City Private Arrival Transfer: $17
- Panama: Private Transfer from Tocumen Airport: $20
- Transfer Airport - City / Min 2 pax: $20
- Private transfer Panama City - Fort Amador Cruise Terminal: $20
- Panama: Private transfer to Tocumen Airport: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Private Airport Transfer: $23
- Airport or Hotel Private Transfer: $28
- Roundtrip Transfer Private Vehicle Panama City Tocumen Airport (PTY)-Panama City: $29
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $30
- Panama city to Panama Tocumen Airport (PTY)- Private Transfer: $30
Is it cheaper to fly into Belgrade or Panama City?
Prices for flights to both Panama City and Belgrade 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 dayBelgrade $9.64Panama City $21
Food Tours and Cooking Classes in Belgrade
Also, here are some specific examples of food and dining related activities in Belgrade.
- E-Scooter Serbian Food Tour: $68
- E-Scooter Serbian Food Tour: $78
- Private Walking and Food Tour in Belgrade: $78
- Private Serbian Food Cooking Experience in Belgrade with Meal: $80
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
Sandwich$8.25
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:
- Night Out Experience (360 Panoramic Views + Dinner Show): $60
- 3-hour Afropanamanian Cooking Experience in Panama: $60
- Panama Evening Food Tour: $60
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- 10-Recipe Boozy Panamanian Cooking Class : $85
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $85
- E-Tickets Emotions Dinner Theater Live Show Admission: $99
- Folkloric Dance & Typical Dinner at Sabroso Panamá: $125
- Caribbean Flavors Colon Food Tour All Included Eat Like a Local: $132
- The 'Real' Panamanian Private Food Tour: $200
Entertainment
-
Entertainment Entrance tickets, shows, etc.Belgrade $4.68Panama City $66
Tours and Activities in Belgrade
Some specific costs of activities, tours, and entrance tickets for Belgrade are as follows:
- 1h Private photo sessions tour in Belgrade: $151
- 2000 years of highlights tour across the old city: $32
- 3-Hour Belgrade Zemun Neighborhood Tour: $85
- 4h Private photo sessions tour in Belgrade: $181
- Ada Lake E Scooter tour: $45
- Avala & Kosmaj Bike Tour: $101
- Avala & Kosmaj Tour: $140
- Avala Mountain Private Tour: $79
- BELGRADE BUS AND WALKING TOUR, Experience daily life: $115
- Belgrade 20th century tour: $45
- Belgrade : Must-See Attractions Private Walking Tour: $32
- Belgrade : Old Town Walking Tour With A Guide: $30
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $24
- Panama : Must-See Sites Walking Tour With A Guide: $26
- Poin Glass Observation Deck Ticket with VR Tour: $27
- Walking tour in Casco Viejo with locals: $27
- Best Bike tour to Old Town with locals: $27
- walking tour in Casco Antiguo !: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Walking tour through the Hidden treasures of Casco Viejo: $30
- Bike tour in Old City and Panama City by local guide: $31
- POIN Swing Experience: $32
- Explore Casco Antiguo & experience Panama Viejo ruins museum: $33
Alcohol
-
Alcohol Drinks for one dayBelgrade $22Panama City $18
Sample the Local Flavors in Belgrade
Here are a few nightlife and alcohol tours and activities from local tour providers in Belgrade:
- Belgrade Chuggalong - Pub Crawl: $14
- Belgrade Chuggalong - A unique Pub Crawl experience!: $17
- Play Pub Crawl Belgrade: $51
- RePlay Pub Crawl in Belgrade: $55
- E-Scooter CRAFT BEER and BREWERY Tour: $56
- Natural wine tasting with great views: $57
- Urban Rakija Distillery Tour in Belgrade: $57
- Tour of the MONASTERIES at Fruška Gora NP and Sremski Karlovci with wine tasting: $57
- Belgrade Pub Crawl Bingo: $57
- Novi Sad and Sremski Karlovci private tour with wine tasting: $78
- 3-Hour Walking Local Wine Tasting Tour: $84
- Northern Serbia: Sremski Karlovci & Novi Sad with Wine Tasting in a cellar : $85
When we compare the travel costs of actual travelers between Belgrade and Panama City, we can see that Panama City is more expensive. And not only is Belgrade much less expensive, but it is actually a significantly cheaper destination. Since Belgrade is in Europe 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 Belgrade would let you spend less money overall. Or, you could decide to spend more money in Belgrade 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Belgrade.
If you're trying to decide if either of these two destinations are within your price range, also see Is Belgrade Expensive? and Is Panama City Expensive?.
Which is Bigger, Belgrade or Panama City?
Belgrade has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Belgrade 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.