Which place is cheaper, Panama City or Montevideo?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Montevideo 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 Montevideo 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: Montevideo or Panama City?
Montevideo
As the morning sun tinges the calm waters of the Rio de la Plata with a golden hue, the Rambla and its city awakens to life with new adventures for those near and far. From tanning on the luxurious beaches to peering into Uruguayan history at local museums, one can be far from bored while staying in Montevideo. Combining the quaintness of the countryside with the excitement of urban life, this city holds a unique trait that cannot easily be replicated.
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 Cultural Tours in Uruguay, The Best Adventure Tours to Uruguay, The Best 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
-
Average Daily Cost Per person, per dayMontevideo $63Panama City $86
The average daily cost (per person) in Montevideo is $63, 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 Montevideo and Panama City in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personMontevideo $39Panama City $35
-
Accommodation Typical double-occupancy roomMontevideo $78Panama City $70
Compare Hotels in Montevideo and Panama City
Looking for a hotel in Montevideo 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: Montevideo Hotel Prices and Panama City Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Montevideo $7.32Panama City $11
Hired Cars and Shuttles in Montevideo
Also for Montevideo, here are a few examples of actual transportation services:
- Private Transfer from or to Carrasco Airport in Montevideo: $120
- Carrasco Airport MVD to Montevideo Hotels Round Trip Transfer: $98
- Carrasco International Airport (MVD) to Montevideo hotels - Round-Trip Transfer: $98
- Private Transfer - Carrasco Airport (MVD) to Punta Del Este Port: $85
- TRANSFER FROM OR TO THE AIRPORT (4 to 12 paxs): $80
- Private Transfer from Carrasco Airport MVD to Punta Del Este Port: $72
- Private Transfer from Punta Del Este Port to Carrasco Airport MVD: $72
- 1 - way - Transfer from Carrasco Interational Airport to Montevideo: $51
- Carrasco Airport (MVD) to Montevideo - Arrival Private Transfer: $49
- Transfer from Montevideo to Carrasco Airport: $45
- Private 1-Way or Round Trip MVD Airport Transfer: $45
- Airport-Hotel or Hotel-Airport Transfers: $36
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: $269
- Transfer to Panama City, Hotel and City tour - 1 night: $266
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $265
- 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 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
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $136
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
Is it cheaper to fly into Montevideo or Panama City?
Prices for flights to both Panama City and Montevideo 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 dayMontevideo $13Panama City $21
Food Tours and Cooking Classes in Montevideo
For Montevideo, here are some samples of tours and activities related to meals and dining experiences:
- The best Montevideo Dinner Show. Tango and Candombe. El Milongon.: $85
- El Milongon Dinner & Show: Candombe, Tango & Folklore in Montevideo: $98
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:
- 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
-
Entertainment Entrance tickets, shows, etc.Montevideo $21Panama City $66
Tours and Activities in Montevideo
Also, here are some specific examples of entertainment, tickets, and activities for Montevideo.
- Colonia del Sacramento - Regular Tour: $65
- Private Tour to Tourist Places in Montevideo: $260
- Best Private & Personalized Tour of Montevideo: $200
- Best Private Montevideo Shore Excursion: City Tour. Optional WineTasting Tour.: $165
- Best Private Tour of Montevideo for Cruise Passengers: $250
- Best Shared Tour of Montevideo for Cruise Passengers: $110
- Best Shared Tour of Montevideo for Cruise Passengers : $110
- Best custom Montevideo Private Tour in Electric SUV! (BMW Option): $120
- City Tour of Montevideo: $40
- City Tour, the best option for small groups: $160
- Discover Mix of Sightseeing & City Attractions!: $140
- From Cabo Polonio - Full Day Private Tour: $950
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- City Tour y Canal de Panamá: $35
- #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 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 5 Hours Tour to Monkey Island Embera community Gamboa Panama: $165
- 5-Hour Tour in Agua Clara New Locks: $100
Alcohol
-
Alcohol Drinks for one dayMontevideo -Panama City $18
Sample the Local Flavors in Montevideo
Here are a few nightlife and alcohol tours and activities from local tour providers in Montevideo:
- Half Day Tour at Pizzorno Winery with Lunch and Wine Tasting: $120
- Juanico Wine Tour Lunch: $132
- Wine tour - Lunch & Tasting with Wine Explorers: $198
- Wine Tasting & Countryside Lunch Experience: $210
When we compare the travel costs of actual travelers between Montevideo and Panama City, we can see that Panama City is more expensive. And not only is Montevideo much less expensive, but it is actually a significantly cheaper destination. Since Montevideo is in South America 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 Montevideo would let you spend less money overall. Or, you could decide to spend more money in Montevideo 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Montevideo.
If you're trying to decide if either of these two destinations are within your price range, also see Is Montevideo Expensive? and Is Panama City Expensive?.
Which is Bigger, Montevideo or Panama City?
Montevideo has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Montevideo 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.