Which place is cheaper, Panama City or Guayaquil?
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 Guayaquil or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Guayaquil 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: Guayaquil or Panama City?
Guayaquil
Guayaquil is Ecuador's largest city and seaport. From a tourist perspective, the city acts primarily as a transportation gateway to the country and the Galapagos Islands. While the city can be skipped altogether, should you have a free day to spend here, there are a few noteworthy things to do, as well as some terrific dining and nightlife options. Guayaquil’s main tourist attraction is Las Penas, a hill with old, colorfully painted buildings at the north end of the Malecon, where you can walk the 400 steps to the lighthouse at the top for good views of the city. The neighborhood is filled with cafes, bars, restaurants, and art galleries and is relatively safe. Other important sights include the Malecon 2000, a massive urban development project that has brought new life to the riverside in the city center and the Parque Seminario, filled with fountains, trees and iguanas, located at 10 de Agosto Ave and Chile Ave.
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 Ecuador, The Best Family-Friendly Tours to Ecuador, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Guayaquil Prices
Ecuador PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayGuayaquil $116Panama City $102
The average daily cost (per person) in Guayaquil is $116, while the average daily cost in Panama City is $102. 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 Guayaquil and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personGuayaquil $32Panama City $35
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Accommodation Typical double-occupancy roomGuayaquil $64Panama City $70
Compare Hotels in Guayaquil and Panama City
Looking for a hotel in Guayaquil 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: Guayaquil Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Guayaquil $15Panama City $11
Hired Cars and Shuttles in Guayaquil
Also for Guayaquil, here are a few examples of actual transportation services:
- Transfers to Cuenca City from Guayaquil: $260
- Private Transfer from Guayaquil Airport(GYE) to Manta Cruise Port: $246
- Private Transfer from Guayaquil hotels to Manta Cruise Port: $246
- Private Transfer from Guayaquil city hotels to Manta Cruise Port: $223
- Private Transfer from Manta Cruise Port to Guayaquil Airport(GYE): $223
- Shared transfer from Hotel to Airport in Guayaquil: $43
- Guayaquil Airport (GYE) to Guayaquil hotels - Round-Trip Private Transfer: $37
- Guayaquil Departure Transfer: $34
- Private Airport Transfer from Guayaquil Airport to Hotel: $20
- Guayaquil PRIVATE Arrival Transfer from the Airport to Hotels: $20
- Guayaquil to Guayaquil Airport GYE Departure Private Transfer: $18
- Transfer from Guayaquil Airport to Hotel or vice versa: $14
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- VIP transfers from the Airport to your Hotel in Panama: $32
- VIP Private Transfer: Tocumen Airport (PTY) to Panama City Hotels: $44
- Travel in Comfort Airport Transfer Pty: $30
- Transfers to Riu Playa Blanca, The Buenaventura Golf, Rio hato: $45
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $27
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from PTY/Panama City to Cruise Terminal or Back: $35
- Transfer Tocumen International Airport - Playa Blanca, Rio Hato, Buena Ventura: $75
- Transfer Panama City to Amador Cruise Port: $35
- Transfer Colon Cruise Port - Panama Airport: $90
- San Blas Day Trip (Transfers & Lunch included): $175
Is it cheaper to fly into Guayaquil or Panama City?
Prices for flights to both Panama City and Guayaquil 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 dayGuayaquil $50Panama City $36
Food Tours and Cooking Classes in Guayaquil
For Guayaquil, here are some samples of tours and activities related to meals and dining experiences:
- Guayaquil Historical Tour Ecuadorian Cooking and Cacao Experience: $97
- Wagyu Cooking Class in Guayaquil: $135
- Cooking Class, Wine & Chocolate Experience: $174
- Half Day of Cooking and Chocolate at Cocoa Farm from Guayaquil: $175
- Stopover tour in Guayaquil with cooking class and accommodation: $175
- Gastronomic workshop tour, live cooking, Learn about the Ecuadorian culinary art: $200
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:
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- Panamanian Dinner and Folkloric Show - All Inclusive Experience: $70
- Panama City by Night: Rooftop Skyline, Dinner & Folklore Show: $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Embera Village Cooking Class Experience in Chagres National Park: $125
- The Real Panamanian Private Food Tour through Panama City: $245
Entertainment
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Entertainment Entrance tickets, shows, etc.Guayaquil $21Panama City $66
Tours and Activities in Guayaquil
For Guayaquil, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Astonishing Mangroves & Dry forest /Chocolate experience trip: $280
- Choco-Culture City Tour & Cacao Museum: $110
- Churute Mangroves and Birdwatching Tour Guayaquil: $245
- Cocoa and Tropical Fruits Farm with Fine Chocolate Experience: $144
- Excursion Day Zhagal Thermal Baths Tour from Guayaquil: $175
- From Cloud Forest/Waterfalls Private Tour & Lunch: $189
- Full Day Churute Howler Monkeys and Chocolate Tour: $276
- Full Day Dolphins Mangroves and Birdwatching Tour from Guayaquil: $231
- Full Day Private Churute Mangroves Reserve and Cocoa Farm Tour: $255
- Full Day Tour Mangroves Dolphins and Cocoa Farm from Guayaquil: $225
- Full-Day Cuenca and Traditional Craft Beer Tasting Tour: $250
- Full-Day Nature and Adventure Private Tour from Guayaquil: $249
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
- 1- or 2-Night Experience in San Blas Islands: $260
- 1st Mysteries and FreeMasons Tour: $38
- 3 1/2 Hour Experience of Lake Gatun in Panama: $95
- 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 hour tour in Panama City: $35
- 5-Hour Tour of Panama City, Panama from Tocumen Airport: $130
- 5-hour tour in Panama by a Local Guide: $39
- 5hour tour of Panama City and Panama Canal - Shared or Private: $65
- 5hrs Panama City and Canal Tour + Amenities: $65
Alcohol
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Alcohol Drinks for one dayGuayaquil $17Panama City $18
Sample the Local Flavors in Guayaquil
Here are a few nightlife and alcohol tours and activities from local tour providers in Guayaquil:
- Wine Tasting Experience with Tasting Menu: $65
- Premium Wine Tasting and 3-Course Pairing Menu in Guayaquil.: $86
- Craft Brewery Tour with Tasting: $428
When comparing the travel costs between Guayaquil and Panama City, we can see that Guayaquil is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Even though Guayaquil is in South America and Panama City is in Central America, both of these destinations have relatively similar prices of travel. Generally, the levels of luxury and expenses are the same for these cities even though they are geographically far apart.
If you're trying to decide if either of these two destinations are within your price range, also see Is Guayaquil Expensive? and Is Panama City Expensive?.
Which is Bigger, Guayaquil or Panama City?
Guayaquil has a larger population, and is about 5 times larger than the population of Panama City. When comparing the sizes of Guayaquil 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.