Which place is cheaper, Panama City or Medellin?
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 Medellin or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Medellin 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: Medellin or Panama City?
Medellin
In addition to big improvements in public safety, Medellin has witnessed a huge surge in urban development projects, including Colombia's first metro system and cable cars to service poorer neighborhoods located high on the mountain sides. There is an abundance of parks, libraries, museums and public spaces with many cultural events taking place. Many travelers also enjoy visiting the surrounding villages, where life is simple and landscapes and nature reserves are wonderful. Medellin has now become one of the "it" cities in the world, with tons of tourists visiting and foreigners settling and retiring here. Beautiful mountains, warm weather, friendly locals, and a vibrant culture are just a few of the reasons why you should visit Medellin.
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 Adventure Tours to Colombia, The Best Eco Tours in Colombia, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
-
Medellin Prices
Colombia PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMedellin $31Panama City $101
The average daily cost (per person) in Medellin is $31, while the average daily cost in Panama City is $101. 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 Medellin and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personMedellin $4.91Panama City $35
-
Accommodation Typical double-occupancy roomMedellin $9.82Panama City $70
Compare Hotels in Medellin and Panama City
Looking for a hotel in Medellin 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: Medellin Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Medellin $4.28Panama City $11
Typical Local Transportation Prices in Medellin
Below are a few samples from actual travelers for transportation costs in Medellin:
-
Taxi$1.71
Hired Cars and Shuttles in Medellin
Some specific examples of transportation prices in Medellin:
- Seamless Transfer: JMC (MDE) Airport ↔ El Peñol & Guatapé: $289
- Private Round Transfer to Guatape lakes and Penol rock!: $239
- Medellin Tour Privado x3 horas con Transfers: $182
- Sedan Departure Transfer from Medellin City to Medellin Airport: $151
- Private Shooting Experience with Transfers: $145
- Medellín Highlights: with local guide and transfers from hotel: $132
- Guatapé and Piedra del Penol, Lunch Transfers and Guide: $127
- Private Transfer Jose Marie Cordova Airport to Medellin Bello: $100
- Medellín: Santa Elena Coffee Farm Tour w/Lunch & Transfer: $95
- Medellín: Guatapé and Medellín City Door-to-Door Transfer: $93
- Private Tejo Sport Experience with Transfer & Beer: $92
- Medellín to or from Guatapé Private Transfer: $78
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Airport To City Hotel transfer: $50
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $84
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $75
- Panama 2 days / 1 night : hotel, transfers and city tour: $278
- Panama Airport (PTY) to Coronado/Gorgona - Round-Trip Transfer: $210
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $210
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $47
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $66
- Panama City Private Departure Transfer: $42
- Guided Panama Canal & City Tour with Transfers: $70
- Historic District and Canal Tour with Transfer: $65
Is it cheaper to fly into Medellin or Panama City?
Prices for flights to both Panama City and Medellin 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 dayMedellin $17Panama City $36
Typical Food Prices in Medellin
Below are a few samples from actual travelers for food and meal costs in Medellin:
-
Lunch$2.17
Food Tours and Cooking Classes in Medellin
Also, here are some specific examples of food and dining related activities in Medellin.
- Medellín: Comuna 13 True Story and Street Food Tour: $11
- Medellín: Empanada Cooking Class by Local Chef in Comuna 13: $19
- A night in Medellín: food tour and bars in El Poblado!: $32
- Medellín: Comuna 13 Street Art and Street Food Tour: $38
- Food tour with 12 tastings in the best area of Medellin: $40
- Private Empanada Cooking Class in Guatape: $45
- 4hr Cooking Class in Medellín with Traditional Recipes and Drinks: $55
- Medellín: Guided Street Food Tour with Tastings (El Poblado): $56
- Cooking Class Preparing Colombian Empanadas: $56
- Colombia Inspired Food Tour: $59
- Private Night City Tour on Electric Bicycle + Gourmet Dinner: $59
- Gastronomy and Street Food Tour in Sabaneta Colombia Experience: $60
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
Sandwich$8.25
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
- Unique Ravioli Fusion Cooking Class with lunch in Panama City: $55
- Panama Evening Food Tour: $60
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $65
- Panama City FOOD Tour: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- E-Tickets Emotions Dinner Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Street Food Tour Panama (25+ tastings) By Paradox Experience: $90
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- 4h Cooking Class in 10 Recipes & Bottomless Drinks: $95
Entertainment
-
Entertainment Entrance tickets, shows, etc.Medellin $13Panama City $66
Tours and Activities in Medellin
Here are a few actual costs in Medellin for available activities, ticket prices, and tours:
- “Exclusive Mountain Escape : ATV Tour from Medellin with lunch: $130
- 2 Day Shared Tour in Medellin Guatapé and Commune 13: $93
- 2 Days Medellin autentic Coffee Farm Experience: $265
- 2 Hour Medellin Off Road ATV Experiences: $160
- 2-Hours Street Art Walking Tour in Medellin Comuna 13: $24
- 3 Towns Colonial Private Tour Leaving from Medellin: $130
- 4 Hours Private Comuna 13 Graffiti Tour: $60
- 4-Hour Medellin, Envigado & Sabaneta Three County Tour: $79
- 5-Hour Coffee and Pablo Express Mix Tour in Medellín: $140
- 90 Minute Walking Tour of Guatapé: $16
- A Taste of Colombia Medellin Market Tour and Lunch: $49
- ATV Adventure in Medellin's Mountains: $96
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Spanish Experience in Panama City: $25
- Panama Casco Viejo: Walking Tour Must See Treasures!!!: $25
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $26
- Panama : Must-See Sites Walking Tour With A Guide: $27
- Panama City Must-see Attractions Walking Tour with a Guide: $27
- Casco Viejo a Panama's Hidden Treasures Walking Tour: $28
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Monkey and Sloth Jungle Habitat Panama Tour: $30
- Half-Day Tour to Miraflores Locks & Casco Viejo: $32
- POIN Panama City Climb Experience: $32
Alcohol
-
Alcohol Drinks for one dayMedellin $7.46Panama City $18
Sample the Local Flavors in Medellin
Also in Medellin, these are the prices for nightlife and alcohol related activities from various tour providers:
- Pub Crawl in El Poblado with Drinks, Games and VIP: $7.50
- Guided Medellin Pub Crawl: $18
- Rooftop Bar Crawl with VIP Access & Hidden Clubs: $27
- Medellín Nightlife: Rooftop Bar Crawl: $85
- Medellin Private Bar Crawl: $145
- NightOUT Medellin Gay Bar Crawl: $150
- Medellin LGBTQ Rooftop Bar Crawl: $150
- Medellin Pub Crawl Including Food and City Tour: $175
- Medellín Pub Crawl Tour with Drinks: $175
When we compare the travel costs of actual travelers between Medellin and Panama City, we can see that Panama City is more expensive. And not only is Medellin much less expensive, but it is actually a significantly cheaper destination. Since Medellin is in South America 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 Medellin would let you spend less money overall. Or, you could decide to spend more money in Medellin 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Medellin.
If you're trying to decide if either of these two destinations are within your price range, also see Is Medellin Expensive? and Is Panama City Expensive?.
Which is Bigger, Medellin or Panama City?
Medellin has a larger population, and is about 5 times larger than the population of Panama City. When comparing the sizes of Medellin 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.