A Travel Price Comparison for Families, Couples, and Backpackers Budapest vs. Panama City for Vacations, Tours, and Honeymoons

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 Sightseeing Tours in Hungary, and The Best Romantic Tours for Couples in Hungary.


Which place is cheaper, Panama City or Budapest?

These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.

The average daily cost (per person) in Budapest is $97, 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 Budapest and Panama City in more detail.



Accommodation
  • Accommodation Hotel or hostel for one person
    Budapest $45
    Panama City $35
  • Accommodation Typical double-occupancy room
    Budapest $90
    Panama 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.

Hotels in Budapest


Hotels in Panama City


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
  • Local Transportation Taxis, local buses, subway, etc.
    Budapest $9.57
    Panama City $11
Typical Local Transportation Prices in Budapest

Below are a few samples from actual travelers for transportation costs in Budapest:


  • Short Taxi Ride
    $6.32
  • Metro Pass
    $3.47

Hired Cars and Shuttles in Budapest

Also for Budapest, here are a few examples of actual transportation services:

  • Private transfer from Budapest to Prague: $1,015
  • Private transfer to Ljubljana or Ljubljana to BUD: $502
  • Budapest-Vienna-Budapest Transfer: $359
  • Budapest-Vienna One-Way Sightseeing Transfer: $282
  • Private Transfer from Budapest to Zadar, Hotel-to-hotel, English-speaking driver: $270
  • Vienna: Private transfer to Budapest or Budapest to Vienna: $256
  • Private Transfer from Budapest to Zagreb with 2 hours for sightseeing: $256
  • Private Scenic Transfer from Budapest to Vienna with 4h of Sightseeing: $256
  • Budapest all in one: private 6 hours city tour& cruise, private airport transfer: $251
  • Budapest Private Transfer from or to Bratislava: $230
  • Private Transfer from Budapest to Vienna with 2h of Sightseeing, Local Driver: $224
  • Private Transfer from Budapest to Vienna with 2h of Sightseeing: $224

Hired Cars and Shuttles in Panama City

Also for Panama City, here are a few examples of actual transportation services:

  • Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $261
  • Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts : $197
  • Panama Tocumen Airport (PTY) to Playa Blanca - Private Transfer: $197
  • Miraflores Visitor Center Ticket & Transfer: $155
  • Skip the Line: Miraflores Visitor Center Ticket with Transfer: $155
  • Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
  • Panama Tocumen Airport to Decameron - Arrival Private Transfer: $150
  • Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $147
  • Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $131
  • Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
  • Private Transfer from Panama City Hotels to Panama Cruise Port: $120
  • Private Transfer from Panama Cruise Port to Panama City Hotels: $120

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
  • Food Meals for one day
    Budapest $36
    Panama City $36
Typical Food Prices in Budapest

Here are some examples of typical meal expenses from previous travelers to Budapest:


  • Lunch
    $3.09

Food Tours and Cooking Classes in Budapest

For Budapest, here are some samples of tours and activities related to meals and dining experiences:

  • Dinner + Party + City Tour of Budapest : $6.00
  • Central Market Hall Guided Food Tour with Tastings: $13
  • Downtown Budapest Cruise with Pizza and Beer: $36
  • Budapest Guided Food Tour with Drinks Included: $36
  • Traditional Hungarian Dinner with Live Gypsy Music: $47
  • Pizza & Beer Downtown Budapest Cruise: $48
  • Vegan Hungarian Food Tour / Local delights: $54
  • Guided Food Tour with Wine, Beer, and Shots: $54
  • Budapest Tipsy Food Tour with Drinks: $54
  • Food Tour with Wine tasting By Foodapest 2024: $59
  • Guided Tipsy Food Tour with Drinks Included in Budapest: $62
  • Guided Tipsy Food Tour with Drinks Included in Budapest: $64

Typical Food Prices in Panama City

Here are some examples of typical meal expenses from previous travelers to Panama City:


  • Sandwich
    $8.21

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
  • 3-hour Afropanamanian Cooking Experience in Panama: $70
  • 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
  • Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $85
  • Embera Village Cooking Class with Gatun Lake Boat Safari: $105
  • Folkloric Dance & Typical Dinner at Sabroso Panamá: $125
  • The 'Real' Panamanian Private Food Tour: $200

Entertainment
  • Entertainment Entrance tickets, shows, etc.
    Budapest $20
    Panama City $65
Typical Entertainment Prices in Budapest

For Budapest, here are some examples of average entertainment and activity prices from previous travelers:


  • Entrance to the Baths for Two
    $6.20

Tours and Activities in Budapest

Also, here are some specific examples of entertainment, tickets, and activities for Budapest.

  • Budapest Downtown 90-Minute River Segway Tour : $47
  • City Segway Tour Budapest / Group Tours ( Buda + Pest ) : $37
  • 1 Hour Budapest Segway Tour - Parliament Hightails: $41
  • 1 Hour Sightseeing Cruise in Budapest: $10
  • 1 Hour/Downtown - City Segway Tour Budapest: $41
  • 1.5 Hour/ Heroes Square - City Segway Tours: $56
  • 101 things you have to see in Budapest - Full Day Tour with Lunch & Dessert: $167
  • 2 Hour Budapest Market and Tasting Tour: $54
  • 2 Hours Buda Castle Walking Tour - Walk with a Historian: $40
  • 2 Hours Private Scenic Photo Tour Around Budapest: $209
  • 2-Hour Jewish Quarter Walking Tour in Budapest with Historian: $42
  • 2-Hour Private Budapest Castle Walking Tour: $121

Tours and Activities in Panama City

Also, here are some specific examples of entertainment, tickets, and activities for Panama City.

  • Canopy-ziplining Adventures in Anton Valley: $195
  • City Tour y Canal de Panamá: $35
  • Horseback riding Agri-Tour and adventures in Colon Private tour: $128
  • Panama a quick and memorable tour: $80
  • Private tour of Panama City and the Panama Canal.: $50
  • "Panama Tour: Canal, Old Town, Amador, and Americas Lookout": $145
  • 1- or 2-Night Experience in San Blas Islands: $260
  • 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
  • 3 1/2 Hour Experience of Lake Gatun in Panama: $95
  • 3 Hour Airport Tour from Tocumen: $125
  • 4-hour tour in Panama: $105
  • 5 Hours Tour to Monkey Island Embera community Gamboa Panama: $164

Alcohol
  • Alcohol Drinks for one day
    Budapest $16
    Panama 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:

  • Private, Personalized Pub Crawl, 5 drinks included: $18
  • 5-Hour Pub Crawl through Ruin Bars: $21
  • Guided Bar Crawl through the Party District: $22
  • Ultimate Budapest Pub Crawl: $22
  • Ruin Bar Pub Crawl with Entry Tickets: $23
  • Bingo Bar Crawl: $24
  • Private Pub Crawl Tour with Local Guide in Budapest: $27
  • Hungarian pálinka distillery visit and tasting: $31
  • Detective Pub Crawl Game by App: $34
  • Drunken History Bar Crawl Tour with Local Drinks: $36
  • Budapest - Opera Gin Distillery Tour: $37
  • Tipsy Tour Fun Bar Crawl with a Local Guide: $38


When comparing the travel costs between Budapest and Panama City, we can see that Panama City 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.