Which place is cheaper, Panama City or Medellin?
These are the overall average travel costs for the two destinations.
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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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayMedellin $23Panama City $86
The average daily cost (per person) in Medellin is $23, 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 Medellin and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMedellin $4.75Panama City $35
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Accommodation Typical double-occupancy roomMedellin $9.50Panama 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
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Local Transportation Taxis, local buses, subway, etc.Medellin $4.14Panama City $11
Typical Local Transportation Prices in Medellin
Below are a few samples from actual travelers for transportation costs in Medellin:
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Taxi$1.65
Hired Cars and Shuttles in Medellin
Some specific examples of transportation prices in Medellin:
- Minibus Departure Transfer from Medellin to Medellin Airport MDE: $182
- Arrival Transfer Medellin Airport MDE to Medellin City by Minivan: $129
- Airport Transfers : $120
- Private Transfer Jose Marie Cordova Airport to Medellin Bello: $100
- Arrival Private Transfer from Medellin Airport to City by MiniSuv: $98
- Transfer from or to Medellin's airport: $55
- Medellin Airport (EOH) to Medellin hotels - Round-Trip Transfer: $55
- Private Arrival Transfer : From Airport to Medellín Hotels : $54
- Private Medellin Airport Transfer with English-Speaking Driver: $50
- Night-time Private transfer service from or to Medellín Airport: $47
- RoundtripTransfer Privatecar Medellin Airport (MDE) Medellin City: $47
- Transfer José María Córdova Airport - Medellin - Private Ride Airport .. !!: $45
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
- PTY Tocumen Airport Private Transfer One Way or Round Trip!: $45
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $57
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- Embera Indian Village Tour w/ Airport Transfer: $290
- Guided Panama Canal & City Tour with Transfers: $65
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Historic District and Canal Tour with Transfer: $65
- One-Way or Round-Trip PTY Airport Transfer: $47
- Shopping at Albrook Mall & Round-Trip Transfer: $36
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
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Food Meals for one dayMedellin $9.61Panama City $21
Typical Food Prices in Medellin
Below are a few samples from actual travelers for food and meal costs in Medellin:
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Lunch$2.10
Food Tours and Cooking Classes in Medellin
Also, here are some specific examples of food and dining related activities in Medellin.
- Homemade Paisa Dinner at a Local's Home in Medellín: $69
- Homemade Paisa Dinner at a Local's Home in Medellín: $71
- Sabor Colombiano Cooking Studio: $100
- Combo Tour: Street Art, Christmas Lights and Food Tour in Medellin: $131
- Comuna 13, Fruit & Street Food Tour: $166
- Private tour: Medellin City – Pablo Escobar and Food Tour: $166
- Combo Tour: Metro System, Christmas Lights and Food Tour of Medellin: $166
- A Night Out in Medellin with Dinner and Drinks Included: $175
- ATV Adventure Including Medellin City and Food Tour: $185
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:
- Panama Evening Food Tour: $60
- 10-Recipe Boozy Panamanian Cooking Class : $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- 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.Medellin $13Panama City $66
Tours and Activities in Medellin
Here are a few actual costs in Medellin for available activities, ticket prices, and tours:
- Comuna 13 + Medellin City Tour: $230
- Medellin City Private Tour: $83
- Private Tour to Explore Comuna 13 in Medellín: $65
- Private tour Guatapé Peñol stone and coffee farm: $139
- 1 Hour ATV Adventure Tour in Medellin : $140
- 4 Hours Private Comuna 13 Graffiti Tour: $60
- 5-Hour Coffee and Pablo Express Mix Tour in Medellín: $110
- 90 Minute Walking Tour of Guatapé: $16
- ATV Private Tour in Medellin: $138
- ATV Quad Tour from Medellin with Transportation : $132
- ATV Tour 3 Mountains Medellin: $170
- ATV Tours from Medellin : $125
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Bar tour in El Cangrejo with Bar Hopping Panama: $20
- Tour de bares en El Cangrejo con Bar Hopping Panama: $20
- POIN The Edge Experience: $27
- POIN Glass Viewpoint Experience: $27
- POIN Swing Experience: $27
- Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Panama City Bike Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
Alcohol
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Alcohol Drinks for one dayMedellin $7.21Panama 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:
- 4 Hours Pub Crawl Nightlife in Medellin: $41
- All-Inclusive Comuna 13 Nightlife Bar Crawl with Locals: $130
- Medellin Pub Crawl Including Food and City Tour: $139
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.