Which place is cheaper, Panama City or Milan?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
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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 One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Milan Prices
Italy PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMilan €195Panama City €86
The average daily cost (per person) in Milan is €195, 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 Milan and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMilan €96Panama City €30
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Accommodation Typical double-occupancy roomMilan €192Panama City €60
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 €9.09
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:
- Private 1-Way Transfer to/from Venice: $1,668
- Zurich : Private Transfer to/from Malpensa Airport: $940
- transfers: $933
- Milano: Transfer from Milan to St. Moritz: $840
- Saas Fee : Private Transfer to/from Malpensa Airport: $552
- Cervinia: Private Transfer to/from Malpensa Airport: $552
- Champoluc: Private Transfer to/from Malpensa Airport: $529
- From Linate airport : Private 1-Way Transfer to Bellagio: $400
- Serravalle Outlet : Private Transfer to/from Milan: $327
- Milan to Genoa Airport (GOA) - Departure Private Transfer: $298
- From Milan to Verona hotels - Private Transfer: $293
- Luxury private transfer Linate airport to Malpensa airport: $292
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- 2 Days 1 Night Tour in Panama : Hotel and Transfers: $278
- Transfer Airport or Hotel To Playa Venao Panama or vice versa: $260
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Private Transfer from Panama City Hotels to Colón Cruise Port: $158
- Miraflores Visitor Center Ticket & Transfer: $155
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $150
- Roundtrip Private Transfer Panama Airport (PTY) - Playa Blanca : $142
- Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $107
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 €67Panama City €31
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:
- Hard Rock Cafe with Set Menu for Lunch or Dinner: $32
- Milan Gourmet Food Tour and Sightseeing with Local Guide: $42
- Milan Street Food Tour and City Sightseeing with Local Guide: $42
- Delicious Food Tour and City Center Sightseeing: $46
- International aperitif + cooking class in Italian: $48
- only in ITALIAN - International aperitif + cooking class in Italian: $49
- Street Food Tour with Tastings and Local Guide: $49
- Gourmet Street Food Tour with Sightseeing and Tasting: $49
- Tasty Milan Street Food Tour with Local Guide: $50
- Delicious Milan Street Food Tour Tasting and Sightseeing with Local Guide: $51
- Eating Milan Street Food Tour with Guided Tasting and Sightseeing: $54
- Pasta and Tiramisu Small Group Cooking Class with Wine: $66
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€7.03
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
- E-Tickets Emotions Dinner Theater Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Cooking Class in Panama City with 10 Recipes & Bottomless Drinks: $95
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $95
- Folkloric Dance & Typical Dinner at Sabroso Panamá: $110
- The Real Panamanian Private Food Tour through Panama City: $205
- Street Food Tour in Panama with a Local Guide: $263
Entertainment
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Entertainment Entrance tickets, shows, etc.Milan €31Panama City €56
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.
- Gallery Art and Culture Guided Walking Tour in Brera: $149
- Milan Highlights semi-Private Walking Tour: $47
- Milan's Opera Gem and La Scala Guided Walking Tour : $138
- Private Audio Guided Walking Tour in Milan: $7.20
- Self Guided Tours In Milan With 100 Captivating Audio Stories: $3.57
- Small-Group Lake Como Experience with boat and van, from Milan: $149
- "Walking Tour" - 2h: $84
- "Walking Tour" - 4h: $150
- 1 Hour Vintage Fiat 500 Slow Tour in Milan: $143
- 1 Hours Guided La Scala Theatre Tour in Milan: $137
- 1 hour Italian Food Experiences in Milan: $43
- 2 Hour Vintage Fiat 500 Canals Tour in Milan: $239
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Gatun Lake Panamá Wildlife Adventure Guided Experience: $159
- Horseback riding and Agri-Tour in Colon Private tour: $75
- Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
- Panama Viejo and Casco Antiguo Tour: $115
- Panama a quick and memorable tour: $68
- San Blas Islands, 4-Island Tour All-Inclusive Welcome Cocktail: $149
- #1 Walking Tour of Casco Viejo Panama with Lunch included : $70
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- “Panama at Your Rhythm: Private Tour with Canal, Old Town and More”: $67
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1st Mysteries and FreeMasons Tour: $38
- 2 Days 1 Night San Blas Adventure in Pamana: $260
Alcohol
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Alcohol Drinks for one dayMilan €24Panama City €15
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:
- Milan Pub Crawl Party with Free Shots and Drink Deals by Riviera: $30
- Guided Riviera Bar Crawl with Free Shots: $37
- Wine Tasting Experience with Platter at Winelovers: $44
- Wine Tasting Experience: $48
- Wine Tasting Experience in the City Centre: $52
- Wine Tasting Experience in Milan City Center: $54
- Milan Wine Tasting Experience: $57
- Italian Wine Tasting in Milan: $58
- Wine Tasting Experience - Urban Cellar: $60
- Fun Wine Tasting with an Italian Sommelier: $76
- Fun Wine Tasting with the most italian Sommelier in Milan: $82
- Private Food and Wine Tasting Experience in the Center of Milan: $95
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.