Which place is cheaper, Panama City or Mumbai?
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 Mumbai or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Mumbai or Panama City, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Mumbai or Panama City?
Mumbai
Mumbai is the largest city in India and the capital of Maharashtra state. It is still occasionally referred to as Bombay, but most people know it now as Mumbai. It's the commercial capital of the country and is a major port city. It's also famous for Bollywood, which is the movie capital of the country and famous for it's music filled Bollywood flicks that have become popular around the world. Mumbai is arguably the most cosmopolitan city in India and has some of the most liberal views of an otherwise conservative country. Many immigrants and expats live in Mumbai and it's easy to see the blend of cultures.
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 Mumbai, The Best Family-Friendly Tours to India, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Mumbai Prices
India PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMumbai $76Panama City $101
The average daily cost (per person) in Mumbai is $76, while the average daily cost in Panama City is $101. 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 Mumbai and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMumbai $30Panama City $35
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Accommodation Typical double-occupancy roomMumbai $60Panama City $70
Compare Hotels in Mumbai and Panama City
Looking for a hotel in Mumbai 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: Mumbai Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Mumbai $6.46Panama City $11
Hired Cars and Shuttles in Mumbai
Also for Mumbai, here are a few examples of actual transportation services:
- Luxury Mumbai Package with Hotel,Private Airport Transfers and Sightseeing Tour: $270
- Private Arrival Transfer from Mumbai Airport to Hotel Including VIP Assistance: $214
- Private Departure Transfer from Mumbai Hotel to Airport Including VIP Assistance: $214
- Airport Transfer: Mumbai to Mumbai Airport BOM by Van: $111
- Departure Private Transfers: Mumbai City to Mumbai Airport BOM in Luxury Van: $100
- Arrival Transfer: Mumbai Airport BOM to Mumbai by Luxury Van: $100
- Mumbai Private Bollywood Studio Tour with Transfer: $94
- Mumbai Airport (BOM) to Mumbai - Round-Trip Private Transfer: $75
- Airport Transfer: Mumbai Airport BOM to Mumbai by Business Car: $65
- Mumbai Airport Transfers : Mumbai City to Mumbai Airport BOM in Business Car: $65
- Transfer to & fro Airports,Cruise Terminal,Hotels or any whichway, one way/time: $64
- Private Transfer from Mumbai Cruise Port to Mumbai Hotels: $59
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Panama 2 days / 1 night : hotel, transfers and city tour: $278
- Private Transfer from PTY to Playa Blanca resorts: $223
- Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts: $223
- Private Transfer from Panama City or PTY Airport to Beach Resort: $220
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $210
- Panama Airport (PTY) to Coronado/Gorgona - Round-Trip Transfer: $210
- Private Transfer from Panama City Airport to Beach Resorts: $175
- San Blas Day Trip (Transfers & Lunch included): $175
- Miraflores Visitor Center Ticket & Transfer: $155
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $153
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $147
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $147
Is it cheaper to fly into Mumbai or Panama City?
Prices for flights to both Panama City and Mumbai 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 dayMumbai $38Panama City $36
Food Tours and Cooking Classes in Mumbai
For Mumbai, here are some samples of tours and activities related to meals and dining experiences:
- Mumbai Food Tour — 178 Years of Bombay on a Plate: $14
- Mumbai Street Food Tour with Evening Market Walk: $17
- Vegetarian Indian Cuisine Virtual Cooking Class Experience from Mumbai: $20
- Mumbai Food Tour: $20
- Experience Mumbai Street Food Tour: $36
- Flavors of Mumbai Food Tour: $38
- Mumbai Street Food Tour: $39
- Bombay Express Mumbai Food Tour with 15+ Tastings: $45
- Mumbai Best Street Food Tour with Local Guide: $46
- Authentic Indian Cooking Class in Mumbai in a Local Home: $49
- Private Authentic Bengali Cooking Class & Market Tour in Mumbai: $52
- Private Local Market Tour and Local Street Food Tour in Mumbai: $53
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$8.25
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 Food Tour Local Markets Immersion (Tasting tour + Lunch): $50
- Unique Ravioli Fusion Cooking Class with lunch in Panama City: $55
- Panama Evening Food Tour: $60
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $65
- Panama City FOOD Tour: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- E-Tickets Emotions Dinner Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Street Food Tour Panama (25+ tastings) By Paradox Experience: $90
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- 4h Cooking Class in 10 Recipes & Bottomless Drinks: $95
Entertainment
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Entertainment Entrance tickets, shows, etc.Mumbai $2.34Panama City $66
Tours and Activities in Mumbai
Also, here are some specific examples of entertainment, tickets, and activities for Mumbai.
- " Dash Of Mumbai " Sightseeing & Experiences-by Goi Licensed Guide Ragini Doshi: $285
- "Mumbai - Dharavi Slum Tour": $8.59
- "Mumbai City Sightseeing Tour": $43
- 2-Hour Guided Tour of Dharavi: $21
- 3 Days Chatrapati Shambaji Nagar Tour from Mumbai in Pvt Vehicle: $290
- 3 Days Complete Mumbai Tour Inclusive of Bollywood Studio Experience: $277
- 3 Hours Early Morning in South Mumbai Heritage Bicycle Tour: $34
- 3-Day Mumbai to Nashik, Ajanta and Ellora Tour with Car and Guide: $149
- 3-Hour Private Guided Tour in Bollywood from Mumbai: $223
- All in one Combo of City ,Slum,Dhobighat & Dabbawala tour: $77
- All-Inclusive Mumbai to Alibaug Coastal Villages RoPax Ferry Tour: $299
- All-Inclusive Private Full-Day Mumbai Sights & Local Experiences: $163
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour ": $100
- 1- or 2-Night Experience in San Blas Islands: $260
- 2 Days Island Hopping Adventure San Blas Islands - Private Cabin: $265
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 2 Nights in San Blas - Shared Cabin + Meals + Boat Tour: $179
- 2-Day San Blas Adventure from Panama City with WiFi: $260
- 3 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Walking Tour in Casco Antiguo Panama City: $45
- 4-Hour Guided Tour of Panama Canal & Old Town & More: $150
- 4-hour tour in Panama: $105
- 5 Hours Private Panama City Tour: $200
Alcohol
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Alcohol Drinks for one dayMumbai $3.25Panama City $18
Sample the Local Flavors in Mumbai
Some specific costs for nightlife related activities in Mumbai:
- Bombay Party (Bar Crawl): $25
- South Bombay Pub Crawl: $34
- Sula Vineyards Wine Tasting Day Trip from Mumbai by Train or Car: $131
When we compare the travel costs of actual travelers between Mumbai and Panama City, we can see that Panama City is more expensive. And not only is Mumbai much less expensive, but it is actually a significantly cheaper destination. Since Mumbai is in Asia 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 Mumbai would let you spend less money overall. Or, you could decide to spend more money in Mumbai 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 Mumbai.
If you're trying to decide if either of these two destinations are within your price range, also see Is Mumbai Expensive? and Is Panama City Expensive?.
Which is Bigger, Mumbai or Panama City?
Mumbai has a larger population, and is about 30 times larger than the population of Panama City. When comparing the sizes of Mumbai 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.