A Travel Price Comparison for Florida Miami vs. Panama City for Vacations, Tours, and Honeymoons

Should you visit Miami or Panama City?

Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Miami and Panama City can help you decide which place is right for you.

Miami

Miami is a popular tourist destination and a modern city in South Florida. It has beautiful white beaches, crystal blue waters, cosmopolitan neighborhoods, impressive shopping, and excellent dining opportunities. It is also a gateway to the Florida Keys, which is another popular destination in South Florida.

Miami is the second most populated city in Florida and the metropolitan area is the most populated in the state with more than 5.4 million people. It's also the 7th largest metro area in the country. The city sits between the Atlantic Ocean to the east and the Everglades to the west. It covers 110 miles north to south but is a narrow 20 miles east to west.

Miami sits at a low latitude, giving it a subtropical savannah climate. There are two seasons; the warm and dry season between November and April and the hot and wet season between May and October. The coldest months are between December and March when highs are in the upper 70 or low 60 degrees Fahrenheit. The summer months have highs in the upper 80s or 90s and lows in the mid 70s with high humidity.

Panama City

As the tropical breeze kisses your face amidst the never-ending rows of palm trees and high-rise beach condos, you find both pleasure and peace in this popular beach vacation spot. Such a city could be no place else than Panama City, Florida, located on the Florida Panhandle on the Gulf Coast. The entire region is known for it's calm beach with white sand, blue water, and spring break and summer vacation fun. Panama City offers a multitude of hotels, parks, beaches, and restaurants to make it a prime destination to both party and relax. However, as you explore the city, you will find that Panama City acquires its own diverse, vibrant character unique to other beach towns. Bring out the fishing rods and boogie boards and take advantage of one of Florida's most popular destinations! It's a great destination for families, kids, younger travelers, singles, couples, and retirees alike.

Which city is cheaper, Panama City or Miami?

These are the overall average travel costs for the two destinations.

The average daily cost (per person) in Miami is $165, while the average daily cost in Panama City is $179. 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 city. Below is a breakdown of travel costs for Miami and Panama City in more detail.



Accommodation

Miami's average price for two people sharing a typical double-occupancy hotel room is $212. A typical place to stay for one person, per day is $106.

A hotel room in Panama City is about $206 This assumes double occupancy and modest accommodations.


  • Accommodation Hotel or hostel for one person
    Miami $106
    Panama City $103
  • Accommodation Typical double-occupancy room
    Miami $212
    Panama City $206

Local Transportation

The cost of a taxi ride in Miami is significantly more than public transportation. On average, past travelers have spent $32 per person, per day, on local transportation in Miami.

The average price of local transportation around Panama City is $38 per person, per day. As this average includes both taxis and public transport, keep in mind that the prices of private drivers and taxis are significantly more expensive than public transportation.


  • Local Transportation Taxis, local buses, subway, etc.
    Miami $32
    Panama City $38
Typical Local Transportation prices in Miami

Some typical examples of transportation costs in Miami are as follows:


  • Car Rental for a Day
    $18

Hired Cars and Shuttles in Miami

Some specific examples of transportation prices in Miami:

  • 2019 50 Passenger Bus Transport Airport/port Transfers, Miami/broward: $613
  • 56 Passenger Motor Coach Transport Airport/port Transfers, Miami/broward: $669
  • Airport Transfers, Car Service, Executive Transportation: $89
  • Arrival Private Transfer Miami Airport MIA to Miami by Business Car: $78
  • Arrival Private Transfer from Miami Airport MIA to Miami Beach in Business Car: $98
  • Arrival Private Transfer from Miami Airport MIA to Miami Beach in Luxury SUV: $123
  • Cruise Port of Miami to Miami Airport (MIA) - Departure Private Transfer: $62
  • Everglades Airboat Tour with Transfer from Miami: $124
  • Luxury Airport Transfer from Miami International Airport: $33
  • Miami Airport (MIA) to Boca Raton - Arrival Private Transfer: $153
  • Miami Airport (MIA) to Boca Raton - Round-Trip Private Transfer: $306
  • Miami Airport (MIA) to Boynton Beach - Arrival Private Transfer: $180

Hired Cars and Shuttles in Panama City

Some specific examples of transportation prices in Panama City:

  • Airport Private Transfer Tocumen Direct to Panama City: $18
  • Airport Transfer Service: $25
  • Departure Private Business Transfer: Panama City to Panama PTY or PAC Airport: $63
  • Departure Private Transfer Panama City to Panama Airport BLB by SUV: $104
  • Departure Private Transfer Panama City to Panama Airport BLB by Sedan Car: $58
  • Departure Private Transfer Panama City to Panama PTY or PAC Airport by Sedan Car: $40
  • Northwest Florida Beaches International Airport One Way Transfer: $80
  • Panama City Private Arrival Transfer: $43
  • Panama City Private Departure Transfer: $43
  • Private Airport Transfer: Panama City to Tocumen International Airport (PTY): $19
  • Private Airport Transfer: Tocumen International Airport (PTY) to Panama City: $19
  • Private Airport Transfer: from Panama City to Panama Pacifico Airport (BLB): $25

Is it cheaper to fly into Miami or Panama City?

Prices for flights to both Panama City and Miami 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

On average, meal and food prices in Miami cost around $33 per person, per day. While this price can vary widely by location, the type of restaurant, and the amount of food ordered, a typical meal often costs around $13.

On average, meal and food prices in Panama City cost around $53 per person, per day. While this price can vary widely by location, the type of restaurant, and the amount of food ordered, a typical meal often costs around $21.


  • Food Meals for one day
    Miami $33
    Panama City $53
Typical Food prices in Miami

Below are a few samples from actual travelers for food and meal costs in Miami:


  • Lunch with Drinks (for 2)
    $45
  • David's Cafe Lunch (for 1)
    $16

Food Tours and Cooking Classes in Miami

Also, here are some specific examples of food and dining related activities in Miami.

  • Little Havana Street Food Tours: $61
  • Haitian Cooking Experience: $85
  • Private Little Havana Cuban Food Tour: $99
  • Private VIP Historical Citywide Food Tour: $159

Food Tours and Cooking Classes in Panama City

Also, here are some specific examples of food and dining related activities in Panama City.

  • Food Tour - Panama Gastronomy: $102
  • Casco Antiguo Sunset Walking Tour with Dinner: $170
  • The 'Real' Panamanian Private Food Tour: $200
  • Whale Watching + Beach + Seafood Dinner - BEST VALUE IN PANAMA: $205

Entertainment

Entertainment and activities in Miami typically cost an average of $25 per person, per day. This includes fees paid for admission tickets to museums and attractions, day tours, and other sightseeing expenses.

Panama City's costs for entertainment, tickets, attractions, and tours will often cost around $15 per person, per day. This cost can vary widely by the type of activity, however, as this includes admission tickets, day tours, museums, and other things to do.


  • Entertainment Entrance tickets, shows, etc.
    Miami $25
    Panama City $15

Tours and Activities in Miami

Here are a few actual costs in Miami for available activities, ticket prices, and tours:

  • 1/2 Hour Jet Ski Island Adventure: $5.00
  • Haunted Themed Smartphone Audio Driving Tour: $7.84
  • Miami Dance Cruise: $11
  • Little Havana: Beyond Cuba Tour: $20
  • La Perle de Little Haiti Tour: $20
  • La Perle De Little Haiti Tour: $20
  • Pirates Adventures Sightseeing Tour from Miami: $23
  • Miami Skyline View Cruise: $23
  • Skip the Line: Zoo Miami Ticket with Optional Upgrade: $25
  • Biscayne Bay Boat Tour in Miami: $25
  • Best of Little Havana Miami Tour: $25
  • Sightseeing Cruise of Biscayne Bay: $27

Tours and Activities in Panama City

Here are a few actual costs in Panama City for available activities, ticket prices, and tours:

  • Casco Antiguo Virtual Live Tour: $12
  • Skip the Line: Panama La Vieja Admission Ticket: $15
  • Dolphin Sightseeing Tour on The Footloose Catamaran from Panama City Beach: $25
  • Sea Breeze Champagne Adventure: $28
  • Panama City and Canal Tour ( Centro de Visitante de Miraflores): $31
  • Panama City Beach: Gulf World Marine Park Entrance Ticket: $36
  • Private Panama Canal Tour: $41
  • Shopping Tour in Panama: $42
  • Tour Colonial Panama: $42
  • Panama Viejo Ruins Sightseeing Tour: $43
  • Panama City Tour highlight: $45
  • Panama City Sunset E-Bike Adventure: $48

Alcohol

While the amount that someone spends on alcohol while visiting Miami may vary from person to person, on average a person spends $18 per day on alcoholic beverages.

While the amount that someone spends on alcohol while visiting Panama City may vary from person to person, on average a person spends $45 per day on alcoholic beverages.


  • Alcohol Drinks for one day
    Miami $18
    Panama City $45
Typical Alcohol prices in Miami

Some typical examples of the costs for nightlife and alcohol in Miami are as follows:


  • Evening at a Bar
    $32

Sample the Local Flavors in Miami

Some specific costs for nightlife related activities in Miami:

  • Making Your Own Gin Distillery Tour and Tasting Experience: $190

Sample the Local Flavors in Panama City

Also in Panama City, these are the prices for nightlife and alcohol related activities from various tour providers:

  • Panama Bar Crawl (private): $33


When comparing the travel costs between Miami and Panama City, we can see that Panama City is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Since both cities are in North America, it's no surprise that their costs are relatively close, as many destinations here have somewhat similar travel prices overall.

Budget Your Trip

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Miami vs. Panama City Travel Comparison

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