Which place is cheaper, Panama City or Chiang Mai?
These are the overall average travel costs for the two destinations.
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Should you visit Chiang Mai or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city should you visit? Read on to compare the activities as well as the prices of travel for Chiang Mai and Panama City. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
Where Should I go: Chiang Mai or Panama City?
Chiang Mai
Chiang Mai is both the cultural center of northern Thailand and a launching point for trips into the rural areas, small towns, and lush jungles of the country's northern regions. Known for great food, historic temples, arts and crafts, and a lively night market, Chiang Mai is a very popular destination for travelers. In some areas, tourists and ex-pats dominate, but it's quite easy to get away from the tourist scene and into the real culture of Thailand, as Chiang Mai (and the surrounding countryside) is quite large.
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 G Adventures Tours to Thailand, The Best 3-Day Tours from Phuket, 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 dayChiang Mai $45Panama City $86
The average daily cost (per person) in Chiang Mai is $45, 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 Chiang Mai and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personChiang Mai $26Panama City $35
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Accommodation Typical double-occupancy roomChiang Mai $52Panama City $70
Compare Hotels in Chiang Mai and Panama City
Looking for a hotel in Chiang Mai 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: Chiang Mai Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Chiang Mai $3.61Panama City $11
Typical Local Transportation Prices in Chiang Mai
Some typical examples of transportation costs in Chiang Mai are as follows:
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Tuk Tuk Ride$1.09
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Moped Rental$4.89
Hired Cars and Shuttles in Chiang Mai
Also for Chiang Mai, here are a few examples of actual transportation services:
- Chiang Mai #1 Way Private Car transfer to/from Bangkok City: $273
- Skyline Jungle Luge Ticket + Lunch with Private Transfer: $250
- Private Transfer to/from Mae Sot: $218
- Private Transfer to/from Mae Sot: $205
- Chiang Mai #Private Car transfer to/from Mae Sot: $196
- Zipline Adventure at Chiang Mai with Return Transfer: $192
- Private Transfer: Chiang Mai Airport Arrival or Departure ride: $155
- Chiang Mai Airport CNX to Pai Resorts Round Trip Private Transfer: $154
- From One-Way Private Transfer to Chiang Rai: $150
- Chiang Mai's Top 2 Activities with Return Airport Transfers: $145
- Chiang Mai Private Transfer to Pai (one way): $145
- Private Airport Transfer to or from Chiang Rai: $128
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 Chiang Mai or Panama City?
Prices for flights to both Panama City and Chiang Mai 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 dayChiang Mai $10Panama City $21
Typical Food Prices in Chiang Mai
Here are some examples of typical meal expenses from previous travelers to Chiang Mai:
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Sit Down Dinner (for One)$5.30
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Roti Snack (Bread)$0.65
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Casual Breakfast$1.09
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Casual Lunch (for Two)$5.43
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Mangoes$0.82
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Coffee$1.36
Food Tours and Cooking Classes in Chiang Mai
For Chiang Mai, here are some samples of tours and activities related to meals and dining experiences:
- Cooking Evening Class Chiang Mai Visit Organic Garden and Market: $11
- Cooking Morning Class Chiang Mai Visit Organic Garden and Market : $11
- Traditional Khantoke Dinner and Show from Chiang Mai: $19
- Khantoke Dinner with Traditional Performance: $22
- Afternoon Cooking Class in Organic Garden in Chiang Mai: $22
- Evening Cooking Class in Organic Garden Chiang Mai: $22
- Half-Day Thai Cooking Class at Organic Farm in Chiang Mai: $22
- Cooking Class, Market and Thai Herbs Garden Tour: $25
- Authentic Easy Thai Recipes for Home-Style Cooking Half Day AM: $25
- Half Day Evening Cooking Class with Yummy Tasty Thai Cooking School: $25
- Half-Day Thai Cuisine Cooking Experience in Chiang Mai : $27
- Thai and Isaan Cooking Class & Local Market Tour: $27
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.Chiang Mai $13Panama City $66
Typical Entertainment Prices in Chiang Mai
For Chiang Mai, here are some examples of average entertainment and activity prices from previous travelers:
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Thai Cooking Class$35
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Doi Suthep Entrance Ticket$1.63
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Kratong Lessons$2.72
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Pedicure$4.08
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Chiang Mai Museum (for Two)$4.89
Tours and Activities in Chiang Mai
Also, here are some specific examples of entertainment, tickets, and activities for Chiang Mai.
- 9 Hours Nature Tour in Inthanon National Park From Chiang Mai: $71
- Chiang Mai Thapae Muay Thai Boxing Stadium Ticket: $28
- One Day Doi Inthanon National Park Small Group Guided Tour: $40
- Private Tour of Sacred Sakyant Tattoo in Lamphun Province.: $79
- 1 Day Doi Inthanon Private tour ( Hiking and Sightseeing ): $96
- 1 Day Private Tour Doi Inthanon And Phachor Canyon: $128
- 1 Day Private Tour White Temple and Renewed Doichang Coffee: $188
- 1 Hr Chiang Mai Buggy Tour (Off-Road): $150
- 1-Day Bike and River Kayak Adventure from Chiang Mai: $64
- 10KM Inflatable Kayaking Adventure: $82
- 10km Rafting with 8Adventures from Chiang Mai Include Pickup & Lunch : $103
- 2 Days 1 Night Non Tourist Trek: $123
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 dayChiang Mai $6.73Panama City $18
Typical Alcohol Prices in Chiang Mai
Some typical examples of the costs for nightlife and alcohol in Chiang Mai are as follows:
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Wine$2.72
Sample the Local Flavors in Chiang Mai
Some specific costs for nightlife related activities in Chiang Mai:
- Chiang Mai Pub Crawl: The Best Bars & Pubs in Chiang Mai!: $9.55
When we compare the travel costs of actual travelers between Chiang Mai and Panama City, we can see that Panama City is more expensive. And not only is Chiang Mai much less expensive, but it is actually a significantly cheaper destination. Since Chiang Mai is in Asia 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 Chiang Mai would let you spend less money overall. Or, you could decide to spend more money in Chiang Mai 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 Chiang Mai.
If you're trying to decide if either of these two destinations are within your price range, also see Is Chiang Mai Expensive? and Is Panama City Expensive?.
Which is Bigger, Chiang Mai or Panama City?
Chiang Mai has a larger population, and is about 2 times larger than the population of Panama City. When comparing the sizes of Chiang Mai 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.