Which place is cheaper, Panama City or Cozumel?
These are the overall average travel costs for the two destinations.
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Should you visit Cozumel 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 Cozumel and Panama City can help you decide which place is right for you.
Where Should I go: Cozumel or Panama City?
Cozumel
Cozumel is a Caribbean island just off the Yucatan Peninsula. It'as a popular tourist destination because of its beautiful beaches and excellent snorkeling and scuba diving. With crystal clear waters and vibrant colored coral, Cozumel is one of the most popular dive destinations in the area. The island's economy is centered around tourism, and as such, you'll find plenty of amenities for visitors. The prices are comparable to other coastal towns in the area and there is no shortage of activities or attractions nearby.
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 Tours for Outdoor and Nature Lovers in Mexico, The Best Adventure Tours to Mexico, 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 dayCozumel $118Panama City $86
The average daily cost (per person) in Cozumel is $118, 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 Cozumel and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personCozumel $70Panama City $35
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Accommodation Typical double-occupancy roomCozumel $140Panama City $70
Compare Hotels in Cozumel and Panama City
Looking for a hotel in Cozumel 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: Cozumel Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Cozumel $23Panama City $11
Hired Cars and Shuttles in Cozumel
Also for Cozumel, here are a few examples of actual transportation services:
- Cuban Cigar Master Class & Beach Break® with transfer: $153
- Cozumel Private Airport Transfer: $150
- Private Transfer from Cozumel Airport: $110
- ATV Adventure to Jade Cavern with transfer: $93
- Mexico Cozumel Airport (CZM) Cozumel - Roundtrip Private Transfer: $87
- Cozumel Cruise Port to Cozumel Island Hotels - Round-Trip Private Transfer: $87
- Cozumel Airport (CZM) to Cozumel Cruise Port - Round-Trip Private Transfer: $87
- Wild Jade Cavern Private ATV Tour With Transfer: $86
- Cozumel Island Transfers: $70
- Mexico Cozumel Airport (CZM) to Cozumel -Arrival Private Transfer: $44
- Cozumel Cruise Port to Cozumel hotels Arrival Private Transfer: $44
- Cozumel Port to Cozumel Airport CZM Departure Private Transfer: $44
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: $269
- Transfer to Panama City, Hotel and City tour - 1 night: $266
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $265
- 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 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
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $136
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
Is it cheaper to fly into Cozumel or Panama City?
Prices for flights to both Panama City and Cozumel 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 dayCozumel $24Panama City $21
Food Tours and Cooking Classes in Cozumel
For Cozumel, here are some samples of tours and activities related to meals and dining experiences:
- Authentic Mayan Cooking Class in Cozumel: $61
- Cozumel Food Tour: $90
- Cozumel Food Tour: $110
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.Cozumel $44Panama City $66
Tours and Activities in Cozumel
Also, here are some specific examples of entertainment, tickets, and activities for Cozumel.
- Island Tour With Private Driver : $56
- Private Cozumel Jeep Tour & Jade Caverns Cenote: All-Inclusive: $85
- Romantic tour in Cozumel: $127
- 1 Hour and Half Private Tropical Fitness Experience in Cozumel: $6.03
- 15-minute Private Parasailing Experience in Cozumel: $69
- 2 Hour Discover Mermaid Experience : $20
- 2 Hour Diving Experience in San Miguel de Cozumel: $88
- 4 Hour Snorkeling Tour in Cozumel: $65
- 4 Hours Experience the turtle sanctuary on La Chula Catamarán : $78
- 4-Hour Jeep and ATV Tour with Snorkel in Cozumel with Lunch: $99
- A Pirate's Adventure in Cozumel with Captain Draco : $80
- A snorkeling adventure in a glass-bottom boat at Cozumel's reef.: $70
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- City Tour y Canal de Panamá: $35
- #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 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 5 Hours Tour to Monkey Island Embera community Gamboa Panama: $165
- 5-Hour Tour in Agua Clara New Locks: $100
Alcohol
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Alcohol Drinks for one dayCozumel $11Panama City $18
When we compare the travel costs of actual travelers between Cozumel and Panama City, we can see that Cozumel is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Cozumel is in North 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 Panama City would let you spend less money overall. Or, you could decide to spend more money in Panama City 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 Cozumel would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Cozumel than you might in Panama City.
If you're trying to decide if either of these two destinations are within your price range, also see Is Cozumel Expensive? and Is Panama City Expensive?.
Which is Bigger, Cozumel or Panama City?
Panama City has a larger population, and is about 6 times larger than the population of Cozumel. When comparing the sizes of Cozumel 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.