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.
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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 One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Florence Prices
Italy PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayFlorence €180Panama City €86
The average daily cost (per person) in Florence is €180, 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 Florence and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personFlorence €87Panama City €30
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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
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Local Transportation Taxis, local buses, subway, etc.Florence €22Panama City €9.09
Typical Local Transportation Prices in Florence
Below are a few samples from actual travelers for transportation costs in Florence:
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Taxi Ride Within City€8.00
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Taxi from Airport€25
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In City Parking (Full Day)€30
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Bus Pass (Full Day)€5.00
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Bus From Airport€5.00
Hired Cars and Shuttles in Florence
Also for Florence, here are a few examples of actual transportation services:
- Transfer from Livorno Port to Accommodation: $421
- Private Transfer from Firenze (FLR) Airport to Greve in Chianti: $290
- Florence Airport (FLR) to Chianciano - Arrival Private Transfer: $287
- Private transfer: $282
- PRIVATE TRANSFER from Florence to Roma with private chauffeur: $277
- PRIVATE TRANSFER from Florence to Cinque Terre with stops in Lucca & Pisa: $277
- Private Transfer Florence Peretola Airport from/to Livorno Port: $273
- Private transfer Florence Peretola Airport from or to Pisa City: $273
- Bologna Airport Private Transfer from your Hotel in Florence: $241
- Private Transfer Florence to Siena with a Chianti Wine Tasting : $240
- Florence to Bologna Airport (BLQ) - Departure Private Transfer: $232
- Taste of Tuscany San Gimignano Winery with Transfer from Florence: $228
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- 2 Days 1 Night Tour in Panama : Hotel and Transfers: $278
- Transfer Airport or Hotel To Playa Venao Panama or vice versa: $260
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Private Transfer from Panama City Hotels to Colón Cruise Port: $158
- Miraflores Visitor Center Ticket & Transfer: $155
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $150
- Roundtrip Private Transfer Panama Airport (PTY) - Playa Blanca : $142
- Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $107
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
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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:
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Panini Sandwich€6.50
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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:
- Florence Old City Street Food Tour and Guided Sightseeing: $35
- Hard Rock Cafe Florence with Set Lunch or Dinner: $35
- Food Tour of Traditional Eateries and Wine Pairings: $36
- Street Food Tour and Sightseeing with Local Expert Guide in 2.5 hours : $46
- Cooking Class and Lunch at a Tuscan Farmhouse with Local Market Tour from Florence: $48
- Florence Street Food Tour and sightseeing with Central Market: $51
- Florence's Food Tour with Authentic Local Tastigs and Sightseeing: $51
- Florence Street Food Tour with Walking Sightseeing and Local Guide: $51
- Pasta Cooking Class with Unlimited Wine: $53
- Hands-On Pasta & Tiramisu Cooking Class: $53
- Cooking Class in Florence Pasta & Tiramisu Making Unlimited Wine: $54
- Pasta & Tiramisu Cooking Class with Unlimited Wine: $57
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€7.03
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
- E-Tickets Emotions Dinner Theater Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Cooking Class in Panama City with 10 Recipes & Bottomless Drinks: $95
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $95
- Folkloric Dance & Typical Dinner at Sabroso Panamá: $110
- The Real Panamanian Private Food Tour through Panama City: $205
- Street Food Tour in Panama with a Local Guide: $263
Entertainment
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Entertainment Entrance tickets, shows, etc.Florence €30Panama City €56
Typical Entertainment Prices in Florence
For Florence, here are some examples of average entertainment and activity prices from previous travelers:
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Admission to Uffizi€11
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Phone Booking Fee for Uffizi€4.00
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Firenze Card (for Two)€100
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Audioguides at Uffizi (for Two)€20
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Giotto's Tower Entrance Fee€6.00
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Boboli Gardens Entrance Fee€7.00
Tours and Activities in Florence
Also, here are some specific examples of entertainment, tickets, and activities for Florence.
- Accademia Gallery Skip the line Tickets : $41
- Best of Florence walking tour & Accademia Gallery- monolingual small group tour: $76
- Medici Walking Tour -Small Group : $35
- Uffizi & Accademia Highlights: Skip The Line Combo Guided Tour: $108
- 1-Hour Mythological Tour in Piazza della Signoria: Experience for Children: $54
- 2-Hours Walking Tour in Florence: $180
- 3 Hours Private Tour with Personal Photographer in Florence: $167
- 3-Hour Private Photographic Tour in Chianti and Val d'Orcia Florence: $60
- 4 Wines & 2 Olive Oils Tasting in Chianti Winery with Tour : $42
- 4-hour Accademia and Uffizi Small-group Guided Tour: $167
- A Food Lover Tour in Florence: $101
- Academia Gallery Skip-the-Line Priority Entrance Tickets: $43
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Gatun Lake Panamá Wildlife Adventure Guided Experience: $159
- Horseback riding and Agri-Tour in Colon Private tour: $75
- Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
- Panama Viejo and Casco Antiguo Tour: $115
- Panama a quick and memorable tour: $68
- San Blas Islands, 4-Island Tour All-Inclusive Welcome Cocktail: $149
- #1 Walking Tour of Casco Viejo Panama with Lunch included : $70
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- “Panama at Your Rhythm: Private Tour with Canal, Old Town and More”: $67
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1st Mysteries and FreeMasons Tour: $38
- 2 Days 1 Night San Blas Adventure in Pamana: $260
Alcohol
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Alcohol Drinks for one dayFlorence €18Panama City €15
Typical Alcohol Prices in Florence
Here are a few samples of the prices for alcohol and nightlife in Florence from other travelers:
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Glass of Chianti€4.20
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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:
- Wine Tasting by CarusVini in San Casciano in val di Pesa: $18
- Winery tour and wine tasting of organic Chianti wines and extra virgin oil: $24
- Wine Tasting Activity at Chianti Rufina: $25
- Great wine tasting at Tenuta Moriano: $27
- Wine Tasting Experience near Florence: $30
- Classic Wine Tasting in Montalcino: $36
- Private Wine Tasting Experience in the heart of Tuscany: $36
- Wine Tasting in an Authentic Tuscan Cellar in Radda in Chianti: $38
- Montefioralle Winery - Tour and Wine Tasting in Chianti: $42
- Chianti Half Day Wine Tour from Florence: $42
- Wine Tasting of Brunello with Tuscan Cold Cuts and Cheese: $47
- Winery tour & wine tasting in Montalcino: $48
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.