Which place is cheaper, Panama City or Melbourne?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Melbourne or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Melbourne 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: Melbourne or Panama City?
Melbourne
Melbourne is the second largest city in Australia, after Sydney. It is also the capital city of the state of Victoria, in southeastern Australia. Melbourne is arguably the best city to experience culture and the arts in Australia. There is a friendly rivalry between Melbourne and Sydney over livability and popularity and Melbourne is definitely the city to visit for its parks, shopping, restaurants, galleries and theaters. Like Sydney, it is situated on the water, at the head of Port Phillip Bay. It's a beautiful city, and although it lacks the major sights that you'll find in Sydney such as the Sydney Opera House or the Harbour Bridge, you will never find yourself lacking for entertainment. It is also a wonderful base for exploring many of the nearby highlights, including Grampians National Park, The Great Ocean Road, and Phillip Island where you can view the penguin parade.
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 Water Sports Tour Packages in Australia, The Best Food and Culinary Tours in Australia, The Best 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
-
Average Daily Cost Per person, per dayMelbourne $179Panama City $86
The average daily cost (per person) in Melbourne is $179, 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 Melbourne and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personMelbourne $120Panama City $35
-
Accommodation Typical double-occupancy roomMelbourne $240Panama City $70
Compare Hotels in Melbourne and Panama City
Looking for a hotel in Melbourne 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: Melbourne Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Melbourne $20Panama City $11
Typical Local Transportation Prices in Melbourne
Below are a few samples from actual travelers for transportation costs in Melbourne:
-
Airport Bus$11
-
Tram Ride$2.51
Hired Cars and Shuttles in Melbourne
Also for Melbourne, here are a few examples of actual transportation services:
- From Lake Mountain Ski Resort Tour with Transfers: $958
- Yarra Valley: Hot Air Balloon with Breakfast & CBD Transfers: $377
- Melbourne Airport (MEL): Private Transfer to Melbourne: $321
- MEL Airport: Minibus Private Transfer to Southbank: $215
- MEL Airport: Minibus Private Transfer to Melbourne CBD: $208
- Mornington Peninsula - Melbourne Airport Transfers: $198
- Melbourne Private Transfer to Melbourne Airport MEL in Luxury Car: $188
- Melbourne Airport MEL Private Transfer to Melbourne in Luxury Car: $188
- Ballarat - Melbourne Airport Transfers: $179
- Avalon Airport Transfers: $165
- Melbourne Private Transfer to Melbourne Airport MEL in Luxury Van: $163
- Departure Transfer from Melbourne to Melbourne Airport MEL in Van: $163
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 Melbourne or Panama City?
Prices for flights to both Panama City and Melbourne 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 dayMelbourne $31Panama City $21
Typical Food Prices in Melbourne
For Melbourne, here are some examples of average food and meal prices for travelers:
-
Coffee$2.64
-
Pizza$4.62
Food Tours and Cooking Classes in Melbourne
For Melbourne, here are some samples of tours and activities related to meals and dining experiences:
- Queen Victoria Market: 'Flavours of Australia' Food Tour: $52
- Eynesbury Homestead Dinner and Ghost Tour: $53
- Melbourne Sunset Kayaking Experience with Dinner: $79
- Sunset Kayak Tour with Dinner: $79
- Melbourne Private Multicultural Markets Food Tour: $86
- Pizza Making Party: $89
- Chinese Dumpling Cooking Class with a Drink: $98
- Secret Food Tour: $109
- Chinese Cooking Class Master: $118
- Spirit of Melbourne Dinner Cruise: $122
- Street Food of Asia Cooking Class: $130
- Choose Your Asian Cuisine Cooking Masterclass: $130
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
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
-
Entertainment Entrance tickets, shows, etc.Melbourne $28Panama City $66
Tours and Activities in Melbourne
For Melbourne, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 1 Day Penguin Island Tour from Melbourne Penguins express: $79
- 1 day Puffing Billy Steam Train and Wildlife Tour from Melbourne: $125
- 1.5Hr Yarra River Crown Flames and City Lights Cruise: $317
- 12 Apostles Great Ocean Road Eco Tour with lunch from Melbourne: $109
- 2 Day Great Ocean Road Small Group Tour: $810
- 2-Hour Farm Experience in Gateway Yarra Valley: $66
- 2024 Mt Buller, Melbourne Snow and Sightseeing Day Tour: $92
- 3 Hour Rainforest Walking Tour in Badger Creek: $40
- 3-Day Great Ocean Road and Grampians Small-Group Tour: $1,504
- 3.5 Hours Group tour Melbourne trouble-makers tour: $44
- 3/4 Day Sports Lovers Bus Tour of Melbourne with Tour Options: $178
- 4 Hours Sightseeing Small Group Tour in Melbourne City: $40
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
-
Alcohol Drinks for one dayMelbourne $17Panama City $18
Typical Alcohol Prices in Melbourne
Here are a few samples of the prices for alcohol and nightlife in Melbourne from other travelers:
-
Bottle of Wine$5.12
Sample the Local Flavors in Melbourne
Also in Melbourne, these are the prices for nightlife and alcohol related activities from various tour providers:
- Melbourne Pub Crawl: $17
- Weekly Bar Crawl: 5 Free shots, Club Entry: $19
- Spirits and Ales Haunted Pub Walking Tour: $26
- Melbourne Halloween Bar Crawl: $33
- Laid back,Small-Group Yarra Valley Wine Tour :Wine,Gin,Cider+more: $86
- Yarra Valley Day Trip with Local Wine Tastings from Melbourne: $102
- Yarra Valley Wine Tour inc lunch with a glass of wine, tastings and chocolate: $116
- Yarra Valley Gourmet Food & Wine Tasting Tour: $129
- Southern Gippsland boutique Wine Tour with Tapas from Melbourne : $139
- Wine Tour Yarra Valley, Vic - inc. 2 course lunch + glass of wine: $165
- Mornington Peninsula Premium Tour with Wine Tasting at Yabby Lake : $172
- Yarra Valley Premium Tour Lunch and Sparkling Wine Tasting at Domaine Chandon: $178
When we compare the travel costs of actual travelers between Melbourne and Panama City, we can see that Melbourne is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Melbourne is in Pacific 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 Melbourne would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Melbourne 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 Melbourne Expensive? and Is Panama City Expensive?.
Which is Bigger, Melbourne or Panama City?
Melbourne has a larger population, and is about 9 times larger than the population of Panama City. When comparing the sizes of Melbourne 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.