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 €89
The average daily cost (per person) in Florence is €180, while the average daily cost in Panama City is €89. 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 €31
-
Accommodation Typical double-occupancy roomFlorence €174Panama City €62
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 €9.33
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
- Accomodation to Meeting Point Pickup and Transfer Service: $295
- Private Transfer from Firenze (FLR) Airport to Greve in Chianti: $281
- Florence Airport Hotel transfer private driver English speaking: $268
- Private Transfer from Florence Airport (FLR) to Livorno Port: $258
- Private Transfer from Florence to Livorno Port: $239
- Florence to Bologna - Arrival Private Transfer: $236
- Florence–Siena Luxury Transfer via Chianti Wine Country: $233
- Livorno Private Departure Transfer: Central Florence to Cruise Port: $226
- Florence to Bologna Airport (BLQ) - Departure Private Transfer: $225
- Taste of Tuscany San Gimignano Winery with Transfer from Florence: $222
- Transfer Florence to Pisa: $222
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 Panama City or PTY Airport to Beach Resort: $220
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $208
- Private Transfer from Panama City Airport to Beach Resorts: $175
- San Blas Day Trip (Transfers & Lunch included): $175
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $152
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $146
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $146
- Panama Tocumen Airport PTY to Decameron -Arrival Private Transfer: $104
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $104
- Private Transfer Tocumen Airport - Linton Bay Marina: $90
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: $28
- Pasta Cooking Class with Unlimited Wine: $29
- Florence Pasta & Tiramisu Cooking Class with Unlimited Wine: $35
- Food Tour of Traditional Eateries and Wine Pairings: $35
- Fresh Pasta & Tiramisu Cooking Class +Lots of Good Wine: $46
- Florence's Food Tour with Authentic Local Tastigs and Sightseeing: $49
- Florence Street Food Tour and sightseeing with Central Market: $49
- Florence Street Food Tour with Walking Sightseeing and Local Guide: $49
- Eating Florence Street Food Tour Guided Tasting and Sightseeing: $49
- 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€7.21
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
- Italian-Panamanian Ravioli Cooking Class + meal in Panama City: $55
- Panama City FOOD Tour: $65
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- Street Food Tour Panama (25+ tastings) By Paradox Experience: $90
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.
- 1-Hour Mythological Tour in Piazza della Signoria: Experience for Children: $53
- 2 hours sunset walking tour: $222
- 2-Hour Private Evening Walking Guided Tour of Florence Culture: $187
- 2-Hour Private Walking Tour with Local Guides in Florence: $127
- 2-Hours Walking Tour in Florence: $175
- 3 Hours Private Tour with Personal Photographer in Florence: $162
- 4 Wines & 2 Olive Oils Tasting in Chianti Winery with Tour: $42
- 7 days Self Guided AI Audio Tours to Florence and all Italy: $12
- 90 min Footbike tour in Florence: $29
- A Walking Tour in Florence Unveiled + Ebook: $128
- A day in the life of Florence - Private tour with a local: $260
- Academia Gallery VIP Private Guided Tour with 5 Star EXPERT: $175
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour ": $100
- 2 Days Island Hopping Adventure San Blas Islands - Private Cabin: $265
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 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
- 5-Star Embera Village Tour | Waterfall, Lunch & River: $75
- 5hour tour of Panama City and Panama Canal - Shared or Private: $65
- 5hrs Panama City and Canal Tour + Amenities: $65
- 7 hour Miraflores Locks + Sloth Sancturay in Gamboa Tour: $150
- ALL INCLUSIVE San Blas Islands Day Tour on Sailboat: $240
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
- Florence Nightlife Pub Crawl 3 Bars and 1 Club with Games: $29
- Wine Tasting Experience near Florence: $29
- Super Tuscan Wine Tour by Carus Vini: $29
- Classic Wine Tasting in Montalcino: $35
- Cellar Wine Tour: $35
- Wine Tasting in an Authentic Tuscan Cellar in Radda in Chianti: $37
- Wine Tasting Experience in Ponte Vecchio: Best Tuscany selection!: $40
- Biodynamic Wine Tasting with Producer in Vinci: $40
- Montefioralle Winery - Tour and Wine Tasting in Chianti: $41
- Wine Tasting with Cured Meats and Cheeses in Florence: $42
- Wine Tasting of Brunello with Tuscan Cold Cuts and Cheese: $45
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.