Which place is cheaper, Panama City or Caracas?
These are the overall average travel costs for the two destinations.
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Should you visit Caracas 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 Caracas and Panama City can help you decide which place is right for you.
Where Should I go: Caracas or Panama City?
Caracas
Caracas is the capital city of Venezuela, and also the country's largest city. It's in the northern portion of the country and is close to the Caribbean. While Caracas may not be a major travel destination in Venezuela, it can offer interesting insight into the country's urban character. It has a great art, culinary, and music culture that truly bring the city to life. The beautiful Mount Avila overlooks the city and separates the city from the Caribbean Sea. Many locals and visitors alike head to the mountain as a quick escape. You can reach it by taking a cable car that carries you up to the SWaraira Repano Park at the very top.
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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayCaracas $0.00Panama City $86
The average daily cost (per person) in Caracas is $0.00, 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 Caracas and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personCaracas -Panama City $35
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Accommodation Typical double-occupancy roomCaracas $0.00Panama City $70
Compare Hotels in Caracas and Panama City
Looking for a hotel in Caracas 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: Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Caracas -Panama City $11
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- PTY Tocumen Airport Private Transfer One Way or Round Trip!: $45
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $57
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $76
- Embera Indian Village Tour w/ Airport Transfer: $290
- Guided Panama Canal & City Tour with Transfers: $65
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Historic District and Canal Tour with Transfer: $65
- One-Way or Round-Trip PTY Airport Transfer: $47
Is it cheaper to fly into Caracas or Panama City?
Prices for flights to both Panama City and Caracas 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 dayCaracas -Panama City $21
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:
- Panama Evening Food Tour: $60
- 10-Recipe Boozy Panamanian Cooking Class : $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- 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.Caracas -Panama City $66
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Bar tour in El Cangrejo with Bar Hopping Panama: $20
- Tour de bares en El Cangrejo con Bar Hopping Panama: $20
- POIN The Edge Experience: $27
- POIN Glass Viewpoint Experience: $27
- POIN Swing Experience: $27
- Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Panama City Bike Tour: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- Bike tour in Panama City and Old City with locals: $31
Alcohol
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Alcohol Drinks for one dayCaracas -Panama City $18
When we compare the travel costs of actual travelers between Caracas and Panama City, we can see that Panama City is more expensive. And not only is Caracas much less expensive, but it is actually a significantly cheaper destination. Since Caracas is in South America 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 Caracas would let you spend less money overall. Or, you could decide to spend more money in Caracas 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 Caracas.
If you're trying to decide if either of these two destinations are within your price range, also see Is Caracas Expensive? and Is Panama City Expensive?.
Which is Bigger, Caracas or Panama City?
Caracas has a larger population, and is about 4 times larger than the population of Panama City. When comparing the sizes of Caracas 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.