Which place is cheaper, Panama City or Munich?
These are the overall average travel costs for the two destinations.
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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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayMunich €148Panama City €80
The average daily cost (per person) in Munich is €148, while the average daily cost in Panama City is €80. 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 €33
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Accommodation Typical double-occupancy roomMunich €178Panama City €66
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 €9.94
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:
- Private transfer from Munich to Vienna: $936
- Private transfer from Munich to Prague: $710
- Private arrival OR departure transfer from/to Munich airport: $292
- Private Transfer from Munich to Salzburg with 3h on Eagle's Nest: $284
- Private Car from Munich to Prague: Transfer with 2h Sightseeing: $284
- Private Transfer from Munich to Prague with 2h of Sightseeing with Local Driver: $278
- Private Scenic Transfer from Munich to Salzburg with 4h of Sightseeing: $272
- Private Transfer > Munich to Prague with 3h Stop in Karlovy Vary: $272
- Salzburg to Munich Transfer: $269
- Private Scenic Transfer from Munich to Nuremberg with 4h of Sightseeing: $268
- Munich to Prague - Private Door-to-Door Transfer, Local English-speaking Driver: $263
- Transfer Munich to Kaprun,Zell am See,Flachau,Stubai,Kitzbuhel,Innsbruck & Other: $259
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
- PTY Airport Transfer Service To Panama City: $50
- PTY Tocumen Airport Private Transfer One Way or Round Trip!: $45
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $57
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $77
- Panama City Private Arrival Transfer: $17
- Embera Indian Village Tour w/ Airport Transfer: $290
- Guided Panama Canal & City Tour with Transfers: $65
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- 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 €27Panama City €19
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.
- Hard Rock Cafe with Set Menu for Lunch or Dinner: $27
- Food Tour Beer- 3 small beers & "Brotzeit" in GERMAN: $80
- 6 gears dinner show menu: $100
- Original Munich Christmas Market Food Tour - all tastings included: $137
- Lunch Like a Local: Munich's ORIGINAL Viktualienmarkt Food Tour: $141
- Private Full Day Bavarian Beer and Food Tour in Munich: $210
- Munich Food Tour & Food Market with German Delicacies: $265
- Salzburg Semi-Private Guided Day Tour from Munich with Dinner : $273
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€7.69
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
- Night Out Experience (360 Panoramic Views + Dinner Show): $80
- 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.Munich €29Panama City €61
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:
- 2 Hours VIP Private Segway Tour: $91
- 2-hour Private Walking Tour in Munich: $214
- 2-hour city tour by bike in Munich to the hotspots of the Isar metropolis: $35
- 5 Top Churches in Munich Private Walking Tour : $211
- 5 Top Churches in Munich Private Walking Tour : $211
- A Tour inside Munich's Justizpalast: $24
- Albert Einstein Private Walking Tour in Old Town Munich: $207
- Albert Einstein Private Walking Tour in Old Town Munich: $204
- Andechs Monastery Beer Hike Food Experience Private Tour (departs Munich): $208
- Art & Heritage: Private Walking Tour of Bavarian National Museum: $202
- Art & Heritage: Walking Tour of Bavarian National Museum: $397
- Bad Tölz Private Guided Walking Tour: $220
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
- Walking Tour Metropolitan Park Panama City : $25
- POIN Swing Experience: $27
- Poin Glass Observation Deck Ticket with VR Tour: $27
- POIN The Edge Experience: $27
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Get to know the city aboard CitySightseeing Panama: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- walking tour in Casco Antiguo !: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
- Bike tour in Panama City and Old City with locals: $31
Alcohol
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Alcohol Drinks for one dayMunich €37Panama City €17
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:
- Exclusive Brewery Tour & Tasting of 4 Organic Beers: $29
- Munich's Original Pub Crawl: $31
- English Guided Brewery Tour in Munich beertasting 4 beers: $38
- Interactive Wine Tasting Experience @ Max & Moritz: $38
- Cheese & Wine tasting: $96
- The ORIGINAL Munich Christmas Market Festive Wine Tour -with food: $141
- Private Wine Tasting Tour in Munich with a Wine Expert: $290
- Private Wine Tasting Tour in Munich with a Wine Expert: $294
- Bachelor(ette) Party with Pub Crawl: $404
- Bachelor(ette) Party with Pub Crawl: $404
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.