Which place is cheaper, Panama City or Milan?
These are the overall average travel costs for the two destinations.
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Should you visit Milan or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Trying to figure out where to travel next? This travel comparison between Milan and Panama City 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: Milan or Panama City?
Milan
Milan, known to most of the world as the capital of fashion and style, is also the heart of Italian industry and economics. Between the stock exchange, cathedrals and boutiques, this metropolis is a city-lover's dream come true. It is an escape from the stresses of the real world, and provides a playground for all the world's most lavish luxuries.
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 Sightseeing Tours in Italy, The Best Vineyard & Wine Tours in Italy, 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 dayMilan €166Panama City €80
The average daily cost (per person) in Milan is €166, while the average daily cost in Panama City is €80. 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 Milan and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMilan €96Panama City €33
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Accommodation Typical double-occupancy roomMilan €192Panama City €66
Compare Hotels in Milan and Panama City
Looking for a hotel in Milan 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: Milan Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Milan €35Panama City €9.94
Typical Local Transportation Prices in Milan
Here are some examples of typical transportation prices from actual travelers in Milan:
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Train to Airport€7.00
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Malpensa Airport Train (for Two)€22
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Taxi From Airport€90
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Public Transit Day Pass€4.50
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Short Taxi Ride€7.13
Hired Cars and Shuttles in Milan
Also for Milan, here are a few examples of actual transportation services:
- Malpensa Airport (MXP):1-Way Transfer to Trieste Cruise Port: $2,125
- Private 1-Way Transfer to/from Venice: $1,539
- Private Transfer to/from Siena and Center of Milan: $1,318
- Nyon: Private Transfer to/from Malpensa Airport: $1,022
- Basel : Private Transfer to/from Milan Malpensa Airport: $1,022
- Interlaken : Private transfer to/from Malpensa Airport: $969
- SUV LUXURY TRANSFER FROM TÄSCH/ZERMATT TO AIRPORT MALPENSA: $875
- Zurich : Private Transfer to/from Malpensa Airport: $861
- Montreux : Private Transfer to/from Malpensa Airport: $807
- Grindelwald: Private Transfer to/from Malpensa Airport: $807
- Lousanne : Private transfer to/from Malpensa Airport: $786
- Bern : Private Transfer to/from Malpensa Airport: $743
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Embera Indian Village Tour w/ Airport Transfer: $290
- Panama Tocumen Airport (PTY): Private Transfer to Coronado: $271
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $267
- Round trip transfer in private Car from Tocumen Airport to Playa Blanca-Farallon: $240
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts : $206
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Skip the Line: Miraflores Visitor Center Ticket with Transfer: $155
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $142
- Round-Trip Transfer in Private Minivan from-to Tocumen Airport in Playa Bonita: $140
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $137
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $137
Is it cheaper to fly into Milan or Panama City?
Prices for flights to both Panama City and Milan 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 dayMilan €39Panama City €19
Typical Food Prices in Milan
Here are some examples of typical meal expenses from previous travelers to Milan:
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Snack at Train Station€8.60
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Restaurant Pizza€6.60
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Casual Cafe Lunch (for Two)€27
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Three Course Dinner (for Two)€64
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Cappuccino€1.63
Food Tours and Cooking Classes in Milan
For Milan, here are some samples of tours and activities related to meals and dining experiences:
- PYT Milano Dinner Show with Live Music and DJ Set: $22
- Hard Rock Cafe with Set Menu for Lunch or Dinner: $29
- Milan Gourmet Food Tour and Sightseeing with Local Guide: $38
- Gourmet Street Food Tour with Sightseeing and Tasting: $45
- Eating Milan Street Food Tour with Guided Tasting and Sightseeing: $46
- Tasty Milan Street Food Tour with Local Guide: $46
- Delicious Milan Street Food Tour Tasting and Sightseeing with Local Guide: $46
- Devour Milan Street Food Tour and Sightseeing: $46
- NO DIET CLUB - Best Food Tour in Milan !: $59
- 2-Hour Cooking Course of Delicious Desserts for Families in Milan: $65
- Mamma Mia - Make Your own Italian Pizza: $69
- Local Market and Cooking Class with an Italian Chef: $70
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€7.69
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
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Entertainment Entrance tickets, shows, etc.Milan €31Panama City €61
Typical Entertainment Prices in Milan
For Milan, here are some examples of average entertainment and activity prices from previous travelers:
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Stairs to Duomo Rooftop€7.00
Tours and Activities in Milan
Also, here are some specific examples of entertainment, tickets, and activities for Milan.
- Lake Como trekking private guided tour, from Milan or Como: $176
- Milan Highlights semi-Private Walking Tour: $43
- Gallery Tour, Terraces of the Duomo & Cathedral: $36
- Skip-the-Line Duomo Cathedral Tour : $54
- Private Audio Guided Walking Tour in Milan: $6.57
- 1 hour Italian Food Experiences in Milan: $39
- 2 Hours Guided La Scala Theatre Tour in Milan: $126
- 2-Hour Milan by Night Walking Tour: $157
- 2-Hour Private Guided Tour of Milan by Electric Scooter: $133
- 2-hours Duomo of Milan guided experience with entrance tickets: $71
- 24 h in Personalized Highlights Tour: $183
- 3 Hours Private Walking Tour in Milan: $5.48
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
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Alcohol Drinks for one dayMilan €24Panama City €17
Typical Alcohol Prices in Milan
Below are a few samples from actual travelers for alcohol and nightlife costs in Milan:
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Cocktail at a Bar€8.40
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Beer€3.35
Sample the Local Flavors in Milan
Here are a few nightlife and alcohol tours and activities from local tour providers in Milan:
- Wine Tasting Experience in the City Centre: $43
- Wine Tasting Experience in Milan city centre: $44
- Milan Wine Tasting Experience: $53
- Italian Wine Tasting in Milan: $54
- Milan Wine Tasting Aperitivo: $56
- Milan Wine Tasting with Italian Sommelier: $86
- Private Food and Wine Tasting Experience in the Center of Milan: $87
- Wine Tasting with an Italian Sommelier: $94
- Best of Guided Tour with Duomo, Food & Wine Tasting: $160
- Food and Wine Tasting enjoying the New Milan: $165
- Brescia & Franciacorta Guided Tour with Wine Tasting: $182
- Brescia and Franciacorta winery area. Cultural and wine tasting small group tour: $185
When we compare the travel costs of actual travelers between Milan and Panama City, we can see that Milan is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Milan is in Europe 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 Milan would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Milan 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 Milan Expensive? and Is Panama City Expensive?.
Which is Bigger, Milan or Panama City?
Milan has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Milan 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.