Which place is cheaper, Panama City or Munich?
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 Munich or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Munich 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: Munich or Panama City?
Munich
Munich is the capital city of Bavaria and a top travel destination within Germany. It has stunning architecture and a cultural scene that rivals Berlin. It has some of the country's top museums, festivals, and concerts. Munich is most famous for its Oktoberfest, which is easily the busiest time of year in the city. The architecture is what surprises most travelers. It's quite impressive and truly adds to the character of the city. Although much of Munich was destroyed during World War II, the city has successfully rebuilt most of the buildings in their previous style. Much of the city remains as it was in the 1800s. There are two major research universities in Munich, helping to make it a center for engineering, business, and the sciences.
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 Romantic Tours for Couples in Germany, The Best Walking Tours in Germany, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Munich Prices
Germany PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayMunich €168Panama City €87
The average daily cost (per person) in Munich is €168, while the average daily cost in Panama City is €87. 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 Munich and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personMunich €89Panama City €30
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Accommodation Typical double-occupancy roomMunich €178Panama City €60
Compare Hotels in Munich and Panama City
Looking for a hotel in Munich 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: Munich Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Munich €19Panama City €9.20
Typical Local Transportation Prices in Munich
Here are some examples of typical transportation prices from actual travelers in Munich:
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Single Zone Trip on Subway€2.30
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Inner District Subway Day Pass€5.20
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City transport day ticket€11
Hired Cars and Shuttles in Munich
Some specific examples of transportation prices in Munich:
- Budapest: Private transfer to Munich or Munich to Budapest: $640
- Private Transfer to Neuschwanstein Castle: $489
- Private Transfer from Munich to Salzburg With 2h of Sightseeing: $284
- Private direct transfer from Munich Airport to Salzburg: $283
- Munich to Prague - Private Door-to-Door Transfer, Local English-speaking Driver: $283
- Private Transfer from Munich to Nuremberg with 2 hours for sightseeing: $283
- Transfer Munich to Kaprun,Zell am See,Flachau,Stubai,Kitzbuhel,Innsbruck & Other: $279
- Private Transfer from Munich to Passau, 2 Hour Stop in Dachau: $277
- Private Transfer from Munich to Linz, Hotel-to-hotel, English-speaking driver: $265
- Private Transfer from Munich to Passau with 2 hours for sightseeing: $264
- Munich Airport(MUC) to Oberstdorf/Alpsee Grünten-Arrival Transfer: $264
- Munich to Vilshofen Port Private Transfer With 2hr Sightseeing: $263
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Airport To City Hotel transfer: $50
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $75
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $84
- Panama 2 days / 1 night : hotel, transfers and city tour: $278
- Panama Airport (PTY) to Coronado/Gorgona - Round-Trip Transfer: $210
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $210
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $47
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $66
- Panama City Private Departure Transfer: $42
- Guided Panama Canal & City Tour with Transfers: $70
- Historic District and Canal Tour with Transfer: $65
Is it cheaper to fly into Munich or Panama City?
Prices for flights to both Panama City and Munich 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 dayMunich €47Panama City €31
Typical Food Prices in Munich
Below are a few samples from actual travelers for food and meal costs in Munich:
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Bratwurst€5.00
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Leberkässemmeln (Veal & Pork Sandwich)€1.95
Food Tours and Cooking Classes in Munich
Also, here are some specific examples of food and dining related activities in Munich.
- Flavors of Bavaria: A Self Guided Food Tour in Munich: $20
- Christmas Day Dinner & Beer Cellar Tour: $21
- Hard Rock Cafe Munich with Set Lunch or Dinner: $35
- Viktualienmarkt Gourmet Food Tour: $50
- Glockenbachviertel culinary - the food tour: $51
- Culinary Haidhausen - The Food Tour: $51
- 3-Hour Food Tour Through Schwabing in German: $63
- 3-Hour Food Tour Through Haidhausen in GERMAN: $63
- Christmas Markets Food Tour in Munich: $65
- Street Food Tour in Munich: $70
- Munich Food Tour: The Ultimate Bavarian Full Meal & Drinks: $80
- Munich Food Tour with Full Meal & Drinks by Do Eat Better: $84
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€7.11
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.Munich €29Panama City €57
Typical Entertainment Prices in Munich
Here are a few typical costs in Munich for activities, ticket prices, and tours that come from previous visitors:
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Schack Gallery Entrance€4.00
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Munich Zoo Entrance€9.00
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Pub Crawl Munich Tour€14
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Neuschwanstein Castle (2)€24
Tours and Activities in Munich
Here are a few actual costs in Munich for available activities, ticket prices, and tours:
- "How to Beergarden" Tour Beer garden tradition with Peter (max. 6 people): $57
- 1896: Self Guided True Crime Sightseeing Tour in Munich: $35
- 2 Hours Best of München Sightseeings Tour: $80
- 2 Hours VIP Private Segway Tour: $99
- 2 hour Sights Guided Fat Tire E-Scooter Tour in Munich: $77
- 2-H Munich on E-Scooter Tour: $81
- 2-Hour Segway Discovery Munich Night Tour: $100
- 2-Hour Segway Discovery Tour Munich: $81
- 3 Hour Munich Third Reich and WWII Segway Tour: $112
- 3h-Beer Testing Segway Tour in Munich: $112
- 5 Top Churches in Munich Private Walking Tour: $227
- A Full-Day Walking Tour of Munich: $465
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Spanish Experience in Panama City: $25
- Panama Casco Viejo: Walking Tour Must See Treasures!!!: $25
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $26
- Panama : Must-See Sites Walking Tour With A Guide: $27
- Panama City Must-see Attractions Walking Tour with a Guide: $27
- Casco Viejo a Panama's Hidden Treasures Walking Tour: $28
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Monkey and Sloth Jungle Habitat Panama Tour: $30
- Half-Day Tour to Miraflores Locks & Casco Viejo: $32
- POIN Panama City Climb Experience: $32
Alcohol
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Alcohol Drinks for one dayMunich €37Panama City €16
Typical Alcohol Prices in Munich
Below are a few samples from actual travelers for alcohol and nightlife costs in Munich:
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Hofbrauhaus€12
Sample the Local Flavors in Munich
Here are a few nightlife and alcohol tours and activities from local tour providers in Munich:
- Munich Beer History Quest: Self-Guided Brewery Walking Adventure: $8.24
- Exclusive Brewery Tour & Tasting of 4 Organic Beers: $31
- Private Pub Crawl with Free Beer and Shots: $35
- Munich Private Pub Crawl Beer Halls with a Local Guide: $35
- Guided tour and beer tasting in the middle of the Hadern brewery: $41
- Brewery Experience with Beer & Regional Food: $52
- Beer and Brewery Tour in Munich: $55
- South Tyrolean specialties and wine tasting: $57
- Old Town Beer and Pub Tour (4 beers): $64
- Munich Alcohol-Free: Pub tour with 4 different beers: $64
- Beer and Pub Tour with Tasting Portions: $69
- Aschheim: Distillery Tour with Tasting and Buffet: $80
When we compare the travel costs of actual travelers between Munich and Panama City, we can see that Munich is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Munich 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 Munich would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Munich 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 Munich Expensive? and Is Panama City Expensive?.
Which is Bigger, Munich or Panama City?
Munich has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Munich 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.