Which place is cheaper, Panama City or Budapest?
These are the overall average travel costs for the two destinations.
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Should you visit Budapest or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Budapest and Panama City can help you decide which place is right for you.
Where Should I go: Budapest or Panama City?
Budapest
Budapest is the capital city of Hungary. It has been called the "Paris of the East" because of its impressive architecture and general beauty. It was listed as a UNESCO World Heritage List in 1987 because of its cultural importance, its location on the Banks of the Danube, the Buda Castle Quarter and Andrassy Avenue. In addition to its rich history, Budapest still has a young vibe with a lot of energy. There's an active night life, an impressive music scene, and a good reputation with European youth.
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 10-Day Tours from Budapest, The Best 2-Week Tours from Budapest, The Best 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayBudapest $91Panama City $86
The average daily cost (per person) in Budapest is $91, 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 Budapest and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personBudapest $50Panama City $35
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Accommodation Typical double-occupancy roomBudapest $100Panama City $70
Compare Hotels in Budapest and Panama City
Looking for a hotel in Budapest 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: Budapest Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Budapest $11Panama City $11
Typical Local Transportation Prices in Budapest
Below are a few samples from actual travelers for transportation costs in Budapest:
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Short Taxi Ride$7.05
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Metro Pass$3.87
Hired Cars and Shuttles in Budapest
Also for Budapest, here are a few examples of actual transportation services:
- T72 Tank Driving with Hummer Transfer: $1,603
- Budapest - Hungary to Bucharest - Romania /Private Transfer: $1,298
- Bucharest - Romania to Budapest - Hungary /Private Transfer: $1,190
- Private transfer from Budapest to Prague: $1,066
- Private transfer from Budapest to Zagreb: $936
- Transfer from Vienna to Budapest: $710
- From Bucharest: One-way Private Fast Transfer to Budapest: $646
- Budapest-Vienna Private Transfer by Luxury Vehicle: $646
- Private transfer from Budapest to Vienna: $592
- Private transfer between Budapest and Vienna: $474
- Budapest-Vienna One-Way Sightseeing Transfer: $295
- Budapest-Bratislava One-Way Sightseeing Transfer: $295
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Embera Indian Village Tour w/ Airport Transfer: $290
- Panama Tocumen Airport (PTY): Private Transfer to Coronado: $271
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $267
- Round trip transfer in private Car from Tocumen Airport to Playa Blanca-Farallon: $240
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts : $206
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Skip the Line: Miraflores Visitor Center Ticket with Transfer: $155
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $142
- Round-Trip Transfer in Private Minivan from-to Tocumen Airport in Playa Bonita: $140
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $137
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $137
Is it cheaper to fly into Budapest or Panama City?
Prices for flights to both Panama City and Budapest 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 dayBudapest $23Panama City $21
Typical Food Prices in Budapest
Here are some examples of typical meal expenses from previous travelers to Budapest:
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Lunch$3.44
Food Tours and Cooking Classes in Budapest
For Budapest, here are some samples of tours and activities related to meals and dining experiences:
- Downtown Budapest Cruise with Pizza and Beer: $45
- Pizza & Beer Downtown Budapest Cruise: $46
- Vegan Hungarian Food Tour (full meals): $52
- Medieval Dinner Show with Drinks: $53
- Vegan Hungarian Food Tour / Local delights: $57
- Private Street Food Tour: $59
- Danube Cruise with Hungarian Dinner and Live Music: $74
- Budapest Danube Cruise with Buffet Dinner, Performances and Music: $75
- Chefparade Cooking School_ Hungarian menu: $79
- Evening Cruise and Dinner with Champagne: $86
- Lángos (Hungary’s nr1 streetfood) cooking class: $87
- Candlelit Dinner River Cruise with Live Music: $91
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$8.27
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
- Night Out Experience (360 Panoramic Views + Dinner Show): $80
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $85
- The 'Real' Panamanian Private Food Tour: $200
Entertainment
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Entertainment Entrance tickets, shows, etc.Budapest $22Panama City $66
Typical Entertainment Prices in Budapest
For Budapest, here are some examples of average entertainment and activity prices from previous travelers:
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Entrance to the Baths for Two$6.91
Tours and Activities in Budapest
Also, here are some specific examples of entertainment, tickets, and activities for Budapest.
- Danube Bend Private All Day Tour with Lunch, with entrance fees and cruise: $164
- Private Budapest city tour with a daytime Danube river cruise: $240
- 101 things you have to see in Budapest - Full Day Tour with Lunch & Dessert: $186
- 10PM Budapest Danube Cruise with Live Music & Food or Drinks : $20
- 2 Hour Budapest Market and Tasting Tour: $57
- 2 Hours Buda Castle Walking Tour - Walk with a Historian: $39
- 2 Hours Budapest Walking Tour with A Private Guide: $130
- 2 Hours Jewish Heritage Walking Tour - Walk with a Historian: $50
- 2-Hour Private Budapest Castle Walking Tour: $127
- 22 Dog-statues in Budapest - an unusual tour: $25
- 3 Hours Budapest Segway Grand City Tour Buda, Margaret and Pest: $93
- 3-Hour Jewish Quarter Walking Tour in Budapest with Historian: $55
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- #1 Walking Tour in Casco Viejo, Panama Canal Museum & Lunch : $77
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1- or 2-Night Experience in San Blas Islands: $260
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 2 Hours Tour to Panama La Vieja for Groups: $170
- 2 Hr Express Tour for Business Travellers & Airport Layovers: $75
- 2-Day San Blas Adventure from Panama City: $270
- 3 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 4-Hour Gatun Lake Boat Tour and Jungle Wildlife: $99
- 5-Hour Tour to Miraflores Locks and Sloth Sanctuary: $140
Alcohol
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Alcohol Drinks for one dayBudapest $18Panama City $18
Sample the Local Flavors in Budapest
Also in Budapest, these are the prices for nightlife and alcohol related activities from various tour providers:
- 5-Hour Pub Crawl through Ruin Bars: $22
- The Original Budapest Pub Crawl - One Hour Open Bar + Free Shots: $22
- Ultimate Budapest Pub Crawl: $23
- Ultimate Budapest Pub Crawl: $23
- Bingo Bar Crawl: $25
- Ruin Bar Pub Crawl with Entry Tickets: $29
- Detective Pub Crawl Game by App: $38
- 8-Tier Hungarian Wine Tasting in a Cozy Downtown Wine Bar: $39
- Tipsy Tour Fun Bar Crawl with a Local Guide: $42
- Drunken History Bar Crawl Tour with Local Drinks: $42
- Private Wine Tasting in Budapest: $50
- Hungarian Wine Tasting (with Cheese and Charcuterie) in Budapest: $50
When comparing the travel costs between Budapest and Panama City, we can see that Budapest 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 Budapest is in Europe 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 Budapest Expensive? and Is Panama City Expensive?.
Which is Bigger, Budapest or Panama City?
Budapest has a larger population, and is about 4 times larger than the population of Panama City. When comparing the sizes of Budapest 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.