Which place is cheaper, Panama City or Florence?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
Jump to 
Should you visit Florence or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Florence or Panama City, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Florence or Panama City?
Florence
Florence is the capital of Tuscany and one of the most well known cities in Italy for its art and cultural scenes. The city is rooted in history and you can see this in the architecture, statues, gardens, and art that are everywhere around town. This city truly is a living museum. You should allow yourself at least a couple of days to explore Florence and if you can afford more, it is well worth the time. In particular, if art history is your passion then you will need a week or more to satisfy your interest as the museums and architecturally impressive buildings throughout the city are endless.
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 Luxury Tours to Italy, The Best Budget Tours to Italy, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
-
Florence Prices
Italy PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayFlorence €180Panama City €87
The average daily cost (per person) in Florence is €180, while the average daily cost in Panama City is €87. 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 Florence and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personFlorence €87Panama City €30
-
Accommodation Typical double-occupancy roomFlorence €174Panama City €60
Compare Hotels in Florence and Panama City
Looking for a hotel in Florence 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: Florence Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Florence €22Panama City €9.20
Typical Local Transportation Prices in Florence
Below are a few samples from actual travelers for transportation costs in Florence:
-
Taxi Ride Within City€8.00
-
Taxi from Airport€25
-
In City Parking (Full Day)€30
-
Bus Pass (Full Day)€5.00
-
Bus From Airport€5.00
Hired Cars and Shuttles in Florence
Also for Florence, here are a few examples of actual transportation services:
- Milan to Private Transfer with Bologna Stop: $1,061
- Private transfer from Florence to Massa with private driver: $277
- PRIVATE TRANSFER from Florence to Roma with private chauffeur: $271
- Private Transfer from San Casciano in Val di Pesa to Firenze (FLR) Airport: $246
- Florence to Bologna - Arrival Private Transfer: $238
- PRIVATE TRANSFER from Florence to Venice with private chauffeur: $236
- Florence–Siena Luxury Transfer via Chianti Wine Country: $236
- Livorno Private Departure Transfer: Central Florence to Cruise Port: $229
- Transfer Florence to Pisa: $224
- Private Transfer from Hotels in Florence to the Pisa Airport: $218
- Arrival Transfer: Airport FLR to Florence by Luxury Van: $218
- Airport Transfer: Florence to Airport FLR by Luxury Van: $218
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Panama 2 days / 1 night : hotel, transfers and city tour: $278
- Private Transfer from PTY to Playa Blanca resorts: $223
- Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts: $223
- Private Transfer from Panama City or PTY Airport to Beach Resort: $220
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $210
- Panama Airport (PTY) to Coronado/Gorgona - Round-Trip Transfer: $210
- Private Transfer from Panama City Airport to Beach Resorts: $175
- San Blas Day Trip (Transfers & Lunch included): $175
- Miraflores Visitor Center Ticket & Transfer: $155
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $153
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $147
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $147
Is it cheaper to fly into Florence or Panama City?
Prices for flights to both Panama City and Florence 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 dayFlorence €62Panama City €31
Typical Food Prices in Florence
Here are some examples of typical meal expenses from previous travelers to Florence:
-
Panini Sandwich€6.50
-
Casual Lunch (for Two)€17
Food Tours and Cooking Classes in Florence
For Florence, here are some samples of tours and activities related to meals and dining experiences:
- Italian Cooking Class Fresh Pasta and Traditional Tiramisu: $22
- Pasta Cooking Class with Unlimited Wine: $29
- Florence Old City Street Food Tour and Guided Sightseeing: $34
- Pasta Cooking Class for Families & Wine and Soft Drinks: $34
- Hard Rock Cafe Florence with Set Lunch or Dinner: $35
- Florence Pasta & Tiramisu Cooking Class with Unlimited Wine: $35
- The Italian Way: Pizza and Gelato Class with Unlimited Wine: $44
- Street Food Tour and Sightseeing with Local Expert Guide in 2.5 hours: $45
- Florence's Food Tour with Authentic Local Tastigs and Sightseeing: $50
- Florence Street Food Tour with Walking Sightseeing and Local Guide: $50
- Florence Pasta and Tiramisu Cooking Class with Wine: $53
- Florence Food Tour with Local Guide and City Highlights: $53
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
Sandwich€7.11
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 Food Tour Local Markets Immersion (Tasting tour + Lunch): $50
- Unique Ravioli Fusion Cooking Class with lunch in Panama City: $55
- Panama Evening Food Tour: $60
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $65
- Panama City FOOD Tour: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- E-Tickets Emotions Dinner Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Street Food Tour Panama (25+ tastings) By Paradox Experience: $90
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- 4h Cooking Class in 10 Recipes & Bottomless Drinks: $95
Entertainment
-
Entertainment Entrance tickets, shows, etc.Florence €30Panama City €57
Typical Entertainment Prices in Florence
For Florence, here are some examples of average entertainment and activity prices from previous travelers:
-
Admission to Uffizi€11
-
Phone Booking Fee for Uffizi€4.00
-
Firenze Card (for Two)€100
-
Audioguides at Uffizi (for Two)€20
-
Giotto's Tower Entrance Fee€6.00
-
Boboli Gardens Entrance Fee€7.00
Tours and Activities in Florence
Also, here are some specific examples of entertainment, tickets, and activities for Florence.
- "Chianti Segreto: Winter Tour Wines and Tuscan Lunch.": $195
- 1-Hour Mythological Tour in Piazza della Signoria: Experience for Children: $53
- 2 hours sunset walking tour: $224
- 2-Hour Private Evening Walking Guided Tour of Florence Culture: $189
- 2-Hour Private Walking Tour with Local Guides in Florence: $128
- 2-Hours Walking Tour in Florence: $177
- 4 WINES TASTING in a Chianti Classico Farm (Visit/tour at the winery included): $33
- 4 Wines Tasting with 2 Tuscan Cheeses & Tour at the winery: $44
- A Walking Tour in Florence Unveiled + Ebook: $130
- A day in the life of Florence - Private tour with a local: $262
- Academia Gallery Skip-the-Line Priority Entrance Tickets: $50
- Academia Gallery VIP Private Guided Tour with 5 Star EXPERT: $177
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour ": $100
- 1- or 2-Night Experience in San Blas Islands: $260
- 2 Days Island Hopping Adventure San Blas Islands - Private Cabin: $265
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 2 Nights in San Blas - Shared Cabin + Meals + Boat Tour: $179
- 2-Day San Blas Adventure from Panama City with WiFi: $260
- 3 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Walking Tour in Casco Antiguo Panama City: $45
- 4-Hour Guided Tour of Panama Canal & Old Town & More: $150
- 4-hour tour in Panama: $105
- 5 Hours Private Panama City Tour: $200
Alcohol
-
Alcohol Drinks for one dayFlorence €18Panama City €16
Typical Alcohol Prices in Florence
Here are a few samples of the prices for alcohol and nightlife in Florence from other travelers:
-
Glass of Chianti€4.20
-
Bottle of Wine€7.50
Sample the Local Flavors in Florence
Also in Florence, these are the prices for nightlife and alcohol related activities from various tour providers:
- Authentic Tuscan Wine Tasting Experience: $18
- Classic Wine Tasting by Carus Wines: $24
- Wine Tasting Experience near Florence: $29
- Florence Nightlife Pub Crawl 3 Bars and 1 Club with Games: $29
- Super Tuscan Wine Tour by Carus Vini: $29
- Classic Wine Tasting in Montalcino: $35
- Wine Tasting in an Authentic Tuscan Cellar in Radda in Chianti: $38
- Montefioralle Winery - Tour and Wine Tasting in Chianti: $41
- Wine Tasting with Cured Meats and Cheeses in Florence: $42
- Sip & Savor Italian Wine Tasting in the Heart of Florence: $46
- Wine Tasting of Brunello with Tuscan Cold Cuts and Cheese: $46
- Private Wine Tasting Experience in the heart of Tuscany: $47
When we compare the travel costs of actual travelers between Florence and Panama City, we can see that Florence is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Florence is in Europe 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 Florence would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Florence 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 Florence Expensive? and Is Panama City Expensive?.
Which is Bigger, Florence or Panama City?
Panama City has a larger population, and is about 10% larger than the population of Florence. When comparing the sizes of Florence 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.