Which place is cheaper, Panama City or Hong Kong?
These are the overall average travel costs for the two destinations.
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Should you visit Hong Kong or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Hong Kong 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: Hong Kong or Panama City?
Hong Kong
In Hong Kong you will find a predominantly Cantonese population that has long been influenced by British occupation. Most residents speak English and you can see the obvious effects of years of capitalism. Shopping malls are everywhere and most are thriving. Along the waterfront every night the buildings light up in a dramatic and festive light show that highlights such businesses as Sony and Canon, which are fixtures in the city. The city is a major financial hub, and is very international in nature. The city itself is very densely packed and there are narrow high rises that look vulnerable due to their height. There are two main areas to the city, Hong Kong Island and Kowloon. Hong Kong Island is the location of the original British settlement. Today it is where you will find the highest skyscrapers, the most modern buildings, and the most popular shopping areas. Kowloon is located on a peninsula that is to the north of Hong Kong Island. The tip of the peninsula is a popular destination for backpackers as it has many of the city's hostels. This area is referred to as Tsim Sha Tsui. There are also a few high end hotels in the area. It is possible to head outside of the city so that you can escape into some rural regions where you can take a break from the crowds.
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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayHong Kong $160Panama City $86
The average daily cost (per person) in Hong Kong is $160, 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 Hong Kong and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personHong Kong $75Panama City $35
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Accommodation Typical double-occupancy roomHong Kong $150Panama City $70
Compare Hotels in Hong Kong and Panama City
Looking for a hotel in Hong Kong 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: Hong Kong Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Hong Kong $8.73Panama City $11
Typical Local Transportation Prices in Hong Kong
Below are a few samples from actual travelers for transportation costs in Hong Kong:
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MTR (for 2)$2.82
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Local Bus$2.82
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Ferry Ticket$0.26
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Hong Kong Airport Express Train Ticket$15
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $33
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private vehicle from Panamá Tocumen Airport to Playa Bonita: $48
- Transfer in private minivan from Panama Tocumen Airport to Playa Bonita: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from PTY Airport or Panama City to Playa Blanca and Back: $77
- Transfer from PTY Airport or Panama City to Cruise Terminal: $30
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen Airport to Panama City Hotels.: $25
Is it cheaper to fly into Hong Kong or Panama City?
Prices for flights to both Panama City and Hong Kong 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 dayHong Kong $33Panama City $21
Typical Food Prices in Hong Kong
For Hong Kong, here are some examples of average food and meal prices for travelers:
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Dinner for 2$12
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:
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $60
- Panama Evening Food Tour: $60
- Panama City FOOD Tour: $65
- Night Out Experience (360 Panoramic Views + Dinner Show): $80
- 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.Hong Kong $95Panama City $66
Typical Entertainment Prices in Hong Kong
Below are a few sample prices from actual travelers for Hong Kong's activities, tours, and tickets:
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Peak Tram$7.68
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Madame Tussauds Hong Kong$24
Tours and Activities in Hong Kong
For Hong Kong, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Ma On Shan Climbing Adventure: $115
- Plover Cove Bicycling and Hiking Adventure: $110
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- #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 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 4-Hour Gatun Lake Boat Tour and Jungle Wildlife: $99
- 5-Hour Tour to Miraflores Locks and Sloth Sanctuary: $140
Alcohol
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Alcohol Drinks for one dayHong Kong $21Panama City $18
When we compare the travel costs of actual travelers between Hong Kong and Panama City, we can see that Hong Kong is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Hong Kong is in Asia 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 Hong Kong would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Hong Kong 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 Hong Kong Expensive? and Is Panama City Expensive?.
Which is Bigger, Hong Kong or Panama City?
Hong Kong has a larger population, and is about 20 times larger than the population of Panama City. When comparing the sizes of Hong Kong 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.