Which place is cheaper, Panama City or Lisbon?
These are the overall average travel costs for the two destinations.
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Should you visit Lisbon or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Lisbon or Panama City? This is a common question asked by many travelers. By figuring out which city has activities that align with your interests along with knowing which is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the details and the data, which all comes from actual travelers.
Where Should I go: Lisbon or Panama City?
Lisbon
Portugal's capital city of Lisbon continues to grow in popularity as a travel destination. The cultural scene has come to life in recent years and the city itself is stunningly beautiful. It sits on the edge of the Atlantic Ocean and is made up of hills that create a dramatic and scenic layout. The city has many white-bleached limestone buildings, narrow alleyways, and a laidback charm that appeals to visitors.
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 One Week (7-Day) Tours in Portugal, The Best 2-Week Tours in Portugal, 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 dayLisbon €131Panama City €80
The average daily cost (per person) in Lisbon is €131, while the average daily cost in Panama City is €80. 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 Lisbon and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personLisbon €58Panama City €33
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Accommodation Typical double-occupancy roomLisbon €116Panama City €66
Compare Hotels in Lisbon and Panama City
Looking for a hotel in Lisbon 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: Lisbon Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Lisbon €24Panama City €9.94
Typical Local Transportation Prices in Lisbon
Here are some examples of typical transportation prices from actual travelers in Lisbon:
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Taxi Ride€6.50
Hired Cars and Shuttles in Lisbon
Also for Lisbon, here are a few examples of actual transportation services:
- Lisbon to Seville private transfer one way max 6 persons: $743
- Full Day Tour - Transfer to Porto from Lisbon with Stops: $727
- Full Day Tour - Transfer to Algarve from Lisbon with Stops: $673
- Lisboa - Porto Private Transfer, with 2 visits on the way: $635
- One-way Private Transfer to/from Lisbon Airport - Faro: $592
- Lisbon Private transfer to Porto 1-Way Transfer max 6 person: $573
- From the Algarve to Lisbon; Guided transfer with extra Wow!: $560
- To/From the Lisbon Airport: Faro Private Transfer: $538
- One-way Private Transfer to/from Lisbon Airport - Lagos: $538
- One-way Private Transfer to/from Lisbon Airport and Portimão: $538
- One-way Private Transfer to/from Lisbon Airport - Albufeira: $538
- Porto: Private Transfer Between Porto City and Lisbon City: $537
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 Lisbon or Panama City?
Prices for flights to both Panama City and Lisbon 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 dayLisbon €42Panama City €19
Typical Food Prices in Lisbon
For Lisbon, here are some examples of average food and meal prices for travelers:
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Coffee€2.50
Food Tours and Cooking Classes in Lisbon
For Lisbon, here are some samples of tours and activities related to meals and dining experiences:
- Soirée Rivage - Sunset cruise with dinner and Party: $25
- Hard Rock Cafe Lisbon with Set Lunch or Dinner : $28
- Tapas Food Tour: $38
- Fado Show and Portuguese Dinner: $48
- Lisbon Food Tour: $53
- Alfama Tour and Live Fado with Traditional Dinner: $54
- 2-Hour Pastel de Nata Cooking Class: $54
- Cooking Pastel de Nata with a glass of wine !: $54
- Legendary Beer Dinner: $54
- Pastel de Nata Cooking Class in Lisbon: $55
- No Diet Club - Unique food tour in Lisbon with many Tastings: $62
- Original Morning Food Tour: $64
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€7.69
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.Lisbon €24Panama City €61
Tours and Activities in Lisbon
For Lisbon, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Óbidos - Nazaré - Mafra (National Palace of Mafra)Private tour from Lisbon: $217
- 2-Hour Night Sailing Tour in Lisbon with a Drink: $49
- Private Walking Tour - Wandering Around Lisbon: $93
- Private day tour Serra da Estrela cheese factory bread museum: $210
- Saint George Castle Guided Tour from Lisbon: $34
- Sintra or Cascais Half-day Private Tour - The real portuguese essence!: $120
- Street Art Walking Tour in Lisbon - Parque das Nações: $16
- The Heart of Lisbon- History & coffee experience: $66
- Évora & Arroiolos Small-Group Full Day Tour : $109
- Évora Tour: $164
- Évora Tour - Évora Town and Surroundings Private Tour: $244
- Évora Unveiled: A Half-Day Discovery| Premium Private Experience : $109
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 dayLisbon €18Panama City €17
Sample the Local Flavors in Lisbon
Here are a few nightlife and alcohol tours and activities from local tour providers in Lisbon:
- Pub Crawl with Open Bar, Shots, & VIP Club Entry: $17
- Pub Crawl with Unlimited Drinks and VIP Club Entry: $18
- Pub Crawl Lisbon - 1 Hour of Unlimited Beer and Sangria and more!: $19
- 1-Hour Portuguese Wine Tasting Session: $20
- Lisbon Pub Crawl: $21
- Pub Crawl with Open Bar and VIP Club Entry: $21
- Lisbon Pub Crawl: $22
- Lisbon Wild Pub Crawl : $22
- Private Bar Crawl in Lisbon: $22
- Pub Crawl Walking Tour with Shots and Drinking Games: $22
- Beer Tasting in a Classic Brewery: $27
- Pub Crawl Lisbon: $27
When we compare the travel costs of actual travelers between Lisbon and Panama City, we can see that Lisbon is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Lisbon 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 Lisbon would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Lisbon 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 Lisbon Expensive? and Is Panama City Expensive?.
Which is Bigger, Lisbon or Panama City?
Lisbon has a larger population, and is about 27% larger than the population of Panama City. When comparing the sizes of Lisbon 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.