Which place is cheaper, Boquete or Madrid?
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 Madrid or Boquete?
Which is cheaper to visit? Which is more expensive for vacation?
Trying to figure out where to travel next? This travel comparison between Madrid and Boquete can help. It includes a travel cost comparison in addition to other factors. For many travelers, the cost of a destination is a primary consideration when choosing where to go.
Where Should I go: Madrid or Boquete?
Madrid
Madrid, the capital of Spain, overs visitors countless opportunities to experience Spain's culture, art, cuisine, and nightlife. It is the largest city in Spain, and as such has much to explore. The city is situated on the Iberian Peninsula on the Spanish central Castillian plateau. If you're flying into Spain, you'll likely fly into the Madrid airport as it's one of the largest airports in Europe. Madrid is well connected to the rest of Spain with planes, trains and buses, making it a popular place to visit for many travelers doing a European tour.
Boquete
Boquete is a village located in the pacific west of Panama. This town very recently became an attractive destination for tourists and expatriates. Before the early 2000's, it was a quiet town hidden away in the mountains with very little tourism. After the development of Valle Escondido, which is a largely residential area, many North Americans flocked to this town and an expat community developed. Boquete is known for it's near perfect year round temperature of about seventy degrees Fahrenheit, beautiful untouched nature, and world renowned coffee.
For some great organized tour ideas, see The Best One-Week (7-Day) Tours from Barcelona, The Best 10-Day Tours from Madrid, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Madrid Prices
Spain PricesBoquete Prices
Panama Prices -
Average Daily Cost Per person, per dayMadrid €162Boquete €58
The average daily cost (per person) in Madrid is €162, while the average daily cost in Boquete is €58. 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 Madrid and Boquete in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMadrid €78Boquete €19
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Accommodation Typical double-occupancy roomMadrid €156Boquete €38
Compare Hotels in Madrid and Boquete
Looking for a hotel in Madrid or Boquete? 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: Madrid Hotel Prices and Boquete Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Madrid €18Boquete €4.50
Typical Local Transportation Prices in Madrid
Some typical examples of transportation costs in Madrid are as follows:
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Taxi Ride€26
Hired Cars and Shuttles in Madrid
Also for Madrid, here are a few examples of actual transportation services:
- MAD Airport Private Transfer to/from Madrid City Center: $23
- Private transfer departure from City Centre to Madrid Airport: $29
- Transfer: Barajas Airport (MAD) to Madrid City Center: $31
- Madrid Barajas Airport Private Transfer To Madrid City: $34
- Private Transfer from Madrid Airport (MAD): $39
- Private transfer to Madrid Airport (MAD): $39
- Madrid to Madrid Airport (MAD) - Departure Private Transfer: $42
- Private Transfer From Madrid Barajas Airport to Madrid: $47
- Madrid Airport Private Arrival Transfer: $50
- Private Transfers Madrid Airport to Central Madrid: $50
- Madrid Airport Departure Private Transfer: $51
- One Way Private Transfer to or from Madrid: $57
Hired Cars and Shuttles in Boquete
Some specific examples of transportation prices in Boquete:
- Private transfer from Boquete to Bocas del Toro: $165
Is it cheaper to fly into Madrid or Boquete?
Prices for flights to both Boquete and Madrid 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 dayMadrid €59Boquete €27
Typical Food Prices in Madrid
Here are some examples of typical meal expenses from previous travelers to Madrid:
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Coffee€2.00
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Ice Cream€3.00
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Kebabs (for 2)€16
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Croissant€1.50
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Lunch at Airport (for 2)€16
Food Tours and Cooking Classes in Madrid
For Madrid, here are some samples of tours and activities related to meals and dining experiences:
- Corral de la Moreria Madrid Flamenco Show with Optional Dinner: $59
- Madrid Paella and Churros Cooking Class Ham and Wines Tasting: $70
- Murder Mystery Dinner Experience: $75
- Chocolate & Churros Cooking Class in Madrid: $77
- Madrid : Paella and Churros cooking class, ham and wines tasting: $77
- Traditional Cooking Class of Sardines with Dish Auction in Madrid: $81
- Madrid Tapas & Wine Tasting Food Tour – Small Group Local Bars: $91
- Spanish Cooking Class Paella Tapas and Sangria in Madrid: $100
- Madrid Food Tour in a Neighborhood Market with Churros: $105
- Tapas & Paella Cooking Class in Madrid with a Professional Chef: $105
- Madrid Tapas & Paella Cooking Experience with Local Market Visit: $112
- Madrid Food Tour Tasting the Heart of the City: $138
Entertainment
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Entertainment Entrance tickets, shows, etc.Madrid €33Boquete €15
Tours and Activities in Madrid
Also, here are some specific examples of entertainment, tickets, and activities for Madrid.
- Self Guided Walking City Tour in Madrid: $3.53
- Tuk Tuk Tour of the Best of Madrid (booking only): $3.53
- Malasaña and Chueca A Tour That Shouts Freedom: $3.53
- Madrid Historical Walking Tour: $3.53
- "Prado Museum" Tour A Treasure of World Art: $3.54
- Madrid - Medieval to Modern Walking Tour (English): $3.54
- Madrid City Highlights Walking Tour: $4.72
- Madrid Scavenger Hunt and Sights Self-Guided Tour: $5.12
- Madrid Essential : Self-Guided Tour created by local Official Guide: $5.90
- Manzanares River’s Story: A Self-Guided Audio Tour in Madrid: $5.99
- Madrid Self-Guided Audio Tour: $6.00
- Madrid Mystery Quest: Self-Guided Surreal Adventure Game: $7.00
Tours and Activities in Boquete
Some specific costs of activities, tours, and entrance tickets for Boquete are as follows:
- Ancestral Coffee Experience in Boquete: $55
- Boquete Adventure - E-Bike Tour (2 hrs.) (2 Person Min.): $55
- Boquete Panoramic Tour: $200
- Boquete Rock climbing tour: $80
- Cangilones Mini Canyons Tour: $38
- Cloud Forest Wildlife Hike Tour: $36
- Family Tour (Experiences in caldera): $85
- Guided E-Bike Panoramic Tour: $75
- Guided Hike and Coffee Farm Tour with Tasting: $99
- Hands-On Coffee Experience with Tasting: $40
- Chasing Waterfalls Adventure in Boquete: $100
- Coffee Tasting Experience-Los Molinos Hotel-Panama's Top Product: $25
Alcohol
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Alcohol Drinks for one dayMadrid €19Boquete €3.84
Typical Alcohol Prices in Madrid
Some typical examples of the costs for nightlife and alcohol in Madrid are as follows:
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Beer€5.00
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Drinks and Tapas (for 2)€13
Sample the Local Flavors in Madrid
Some specific costs for nightlife related activities in Madrid:
- Visit to the Winery with Wine Tasting and Appetizers in Navarra: $12
- Madrid Pub Crawl: Open Bar, Shots & VIP Entry (Shoko & Fitz): $14
- Pub Crawl Madrid by Mad Party Crew: Bars, Shots and Club Entry: $20
- Wine Tour with tasting in the Natural Park of La Mata: $38
- Hypno Tasting Wine Tasting under Hypnosis in Madrid: $58
- New Year Eve Madrid Pub Crawl: $81
- Spanish Wine Tasting : $90
- Old Madrid Tapas & Wine Tasting Tour - Real Small Groups 8 Max: $99
- Madrid Tapas & Wine Tour: Local Bars & Spanish Wine Tasting: $112
- Eating Not Just Another Tapas and Wine Tour: $114
- Madrid Tapas & Wine Tour with Rooftop Views and Local Guide: $116
- Toledo Tour & Vineyard Experience with Wine Tasting from Madrid: $130
When we compare the travel costs of actual travelers between Madrid and Boquete, we can see that Madrid is more expensive. And not only is Boquete much less expensive, but it is actually a significantly cheaper destination. Since Madrid is in Europe and Boquete 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 Boquete would let you spend less money overall. Or, you could decide to spend more money in Boquete 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 Madrid would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Madrid than you might in Boquete.
If you're trying to decide if either of these two destinations are within your price range, also see Is Madrid Expensive? and Is Boquete Expensive?.
Which is Bigger, Madrid or Boquete?
Madrid has a larger population, and is about 510 times larger than the population of Boquete. When comparing the sizes of Madrid and Boquete, 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.