Which place is cheaper, Panama City or Montego Bay?
These are the overall average travel costs for the two destinations.
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Should you visit Montego Bay 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 Montego Bay 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: Montego Bay or Panama City?
Montego Bay
As with most places around the tropical oasis of Jamaica, Montego Bay (or "MoBay") is an ideal place to visit for a Caribbean getaway. It is Jamaica's second largest city and the capital of St. James parish on the northern coast. Montego Bay is considered to be the tourist capital of the country and is where the largest airport is located, bringing in many international travelers.
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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayMontego Bay $203Panama City $86
The average daily cost (per person) in Montego Bay is $203, 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 Montego Bay and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMontego Bay $104Panama City $35
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Accommodation Typical double-occupancy roomMontego Bay $208Panama City $70
Compare Hotels in Montego Bay and Panama City
Looking for a hotel in Montego Bay 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: Montego Bay Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Montego Bay $15Panama City $11
Hired Cars and Shuttles in Montego Bay
Some specific examples of transportation prices in Montego Bay:
- Private Airport OneWay Transfer to Hotel in Montego Bay : $300
- Private Transfer from Montego Bay Airport To Ocho Rios: $267
- Montego Bay Airport Transfer to Kingston Hotels: $245
- Private Transfer to Island Gully Falls: $240
- Black River and YS Falls Adventure with Transfer: $235
- Private Transfer to Kingston: $215
- Kingston Airport Transfer (Montego bay,Negril,Ocho rio): $214
- Negril Hotels / Resort - Airport Transfers: $213
- Iberostar Airport Transfers Montego Bay MBJ (Private Roundtrip): $200
- Montego Bay Airport Transfer to Kingston Hotels: $195
- Jewel Resort Transfer: $192
- Luxury Suburban Private Airport Transfer with Chauffeur : $192
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Private Departure Transfer to Panama City Airport (PTY): $13
- Private transfer from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Private One-way Airport Transfer (Tocumen Airport To/From Panamá): $23
- Private Airport Transfer: $23
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Private Transfer Tocumen Airport - Old Town(Casco Viejo): $25
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
Is it cheaper to fly into Montego Bay or Panama City?
Prices for flights to both Panama City and Montego Bay 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 dayMontego Bay $84Panama City $21
Food Tours and Cooking Classes in Montego Bay
Also, here are some specific examples of food and dining related activities in Montego Bay.
- Private Transportation to DINNER or NIGHT CLUBS: $55
- Lunch or Dinner with Pickup from Montego Bay : $81
- Night cruise and swim the Falmouth Mystic Lagoon, Dinner and Rum Punch Inclusive: $85
- Rick’s Cafe Cliff Diving, Sunset & Dinner Tour with Transportation : $130
- Sunset Boat Ride in the Falmouth Luminous Lagoon swim and Dinner : $165
- Sunset Boat Cruise in Falmouth Luminous Lagoon, Swim and Dinner : $170
- Restaurant Transportation for Breakfast/Lunch/Dinner Montego Bay: $180
- Houseboat Restaurant and Grill for Dinner Private Transportation : $180
- Private Sea-Food Tour & Floyds Pelican Bar from Montego Bay or ..: $185
- [PRIVATE] Premium Jamaican Food Tour of Local Cuisine: $190
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.Montego Bay $32Panama City $66
Typical Entertainment Prices in Montego Bay
Some typical examples of activities, tours, and entrance ticket prices in Montego Bay are as follows:
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Admission to Doctor's Cave Beach$2.74
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Snorkeling Trip$19
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One Tank Dive$38
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1.5 Hr Horseback Ride$44
Tours and Activities in Montego Bay
Some specific costs of activities, tours, and entrance tickets for Montego Bay are as follows:
- ATV Adventure to Seven Mile Beach and Ricks Cafe: $220
- ATV, Bamboo Rafting, and Horseback Ride Tour From Montego Bay: $173
- Appleton Estate Rum Tour and Pelican Bar Customize Tour: $120
- Bioluminescence Lagoon tour from Montego Bay with Pick Up: $105
- Black River Day Adventure Tour: $92
- Blue Hole Adventure Tour : $120
- Dirt Adventure ATV from Montego Bay: $160
- Floyds Pelican Bar Private Tour : $155
- Green Grotto Cave Private Tour: $115
- Horseback Riding and Tour from Montego Bay : $230
- Jetski Experience: $245
- Luminous Lagoon Night Tour from Montego Bay: $118
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 dayMontego Bay $13Panama City $18
Sample the Local Flavors in Montego Bay
Also in Montego Bay, these are the prices for nightlife and alcohol related activities from various tour providers:
- Appleton Estate Admission Ticket & Distillery Tour with Tastings: $39
- Montego Bay Jamaica Rum Distillery Tour Private Driver: $215
When we compare the travel costs of actual travelers between Montego Bay and Panama City, we can see that Montego Bay is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Montego Bay is in Caribbean Islands 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 Montego Bay would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Montego Bay 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 Montego Bay Expensive? and Is Panama City Expensive?.
Which is Bigger, Montego Bay or Panama City?
Panama City has a larger population, and is about 5 times larger than the population of Montego Bay. When comparing the sizes of Montego Bay 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.