Which place is cheaper, Panama City or Palma de Mallorca?
These are the overall average travel costs for the two destinations.
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Should you visit Palma de Mallorca or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Palma de Mallorca 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: Palma de Mallorca or Panama City?
Palma de Mallorca
Palma de Mallorca is a resort city and capital of the Spanish island, Mallorca, in the western Mediterranean. It is home to landmarks like Gothic cathedrals and medieval fortresses, but is also host to sandy beaches where the city meets the sea in a backdrop of surrounding mountains. Amidst the city itself you will find it easy to get lost in the charm of cobbled lanes, busy markets, boutiques, and historic courtyards.
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 in Spain, The Best 3-Week Tours in Spain, 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 dayPalma de Mallorca €139Panama City €80
The average daily cost (per person) in Palma de Mallorca is €139, 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 Palma de Mallorca and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPalma de Mallorca €69Panama City €33
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Accommodation Typical double-occupancy roomPalma de Mallorca €138Panama City €66
Compare Hotels in Palma de Mallorca and Panama City
Looking for a hotel in Palma de Mallorca 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: Palma de Mallorca Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Palma de Mallorca €25Panama City €9.94
Typical Local Transportation Prices in Palma de Mallorca
Some typical examples of transportation costs in Palma de Mallorca are as follows:
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Taxi Ride€6.80
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Bus Ride€1.25
Hired Cars and Shuttles in Palma de Mallorca
Also for Palma de Mallorca, here are a few examples of actual transportation services:
- Mallorca Airport (PMI): Private Transfer to Port de Polença: $213
- Private Transfer from Mallorca airport (PMI) to Cala Mesquida : $213
- Majorca Airport (PMI) Departure Transfer (Cala Ratjada to PMI Airport): $212
- Private Transfer to/from Mallorca Airport: $184
- Private transfer from Alcúdia to Mallorca Airport: $175
- Arrival Private Transfers : Mallorca Airport PMI to Palma in Luxury Car: $147
- Private Transfer from Mallorca airport (PMI) to Can Picafort : $144
- Private Transfer from Mallorca airport (PMI) to Pollensa: $144
- Private Transfer from Alcudia to Mallorca airport (PMI): $144
- Private Transfer from Mallorca airport (PMI) to Alcudia: $144
- Private Transfer from Mallorca airport (PMI) to Calas de Mallorca: $142
- Private Transfer from Cala Millor to Mallorca airport (PMI): $142
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $33
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private vehicle from Panamá Tocumen Airport to Playa Bonita: $48
- Transfer in private minivan from Panama Tocumen Airport to Playa Bonita: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from PTY Airport or Panama City to Playa Blanca and Back: $77
- Transfer from PTY Airport or Panama City to Cruise Terminal: $30
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen Airport to Panama City Hotels.: $25
Is it cheaper to fly into Palma de Mallorca or Panama City?
Prices for flights to both Panama City and Palma de Mallorca 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 dayPalma de Mallorca €45Panama City €19
Typical Food Prices in Palma de Mallorca
For Palma de Mallorca, here are some examples of average food and meal prices for travelers:
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Soda€2.50
Food Tours and Cooking Classes in Palma de Mallorca
For Palma de Mallorca, here are some samples of tours and activities related to meals and dining experiences:
- Spanish Cooking Class Experience in Palma with 5+ Tastings: $21
- Spanish Cooking Experience in Mallorca: $109
- The Award-Winning PRIVATE Food Tour of Mallorca: The 10 Tastings: $130
- Mediterranean cooking experience in nature: $131
- 4-Hour Market Visit and Traditional Cooking Workshop in Palma: $147
- Sailboat Dinner and Movie Night: $650
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.Palma de Mallorca €34Panama City €61
Tours and Activities in Palma de Mallorca
For Palma de Mallorca, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 2 Hour Deluxe Segway Tour from Palma: $83
- 1.5 H Electric Kick-Scooter Tour: $49
- 1H Self-Guided Electric Scooter Tour around Palma de Mallorca: $22
- 2 Hours sightseeing E-Bike Tour in Palma de Mallorca: $44
- 2hrs Snorkeling Experience in Sa Foradada: $47
- 3 Hour Slingshot Sunset Tour from Paguera: $129
- 3 hours quad tour from Paguera: $163
- 4-hour tour on a sailing ship in the Bay of Palma: $104
- 5-hours Tour: Mallorca Inland Charming Villages: $71
- 90 Minute Jet Ski Tour Cave of Sea Lions in Mallorca: $218
- 90' Stand Up Paddle tour in a small group in Cala Ratjada: $49
- AbenteuerDate Alcudia, Interactive Fun Tour in German Language: $9.83
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- #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 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 4-Hour Gatun Lake Boat Tour and Jungle Wildlife: $99
- 5-Hour Tour to Miraflores Locks and Sloth Sanctuary: $140
Alcohol
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Alcohol Drinks for one dayPalma de Mallorca €29Panama City €17
Typical Alcohol Prices in Palma de Mallorca
Some typical examples of the costs for nightlife and alcohol in Palma de Mallorca are as follows:
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Coffee€3.10
Sample the Local Flavors in Palma de Mallorca
Some specific costs for nightlife related activities in Palma de Mallorca:
- Wine tasting with wines from the smallest wineries in Mallorca: $43
- Gourmet Tapas and Wine Tour in Alcudia Old Town: $43
- Guided tour of the Winery with wine tasting, Vineyard and much more!: $49
- Gourmet Tapas and Wine Tour: $53
- Gourmet Tapas and Wine Tour in Palma de Mallorca : $54
- Gastronomic Mallorquin Wine Tasting & local delicacies: $71
- Wine Tasting Experience with Mallorcan Delights in Alcudia: $87
- Sa Clasta Mallorca Wine Tours: $158
- Sa Clasta Wine Tours, Mallorca: $158
- Mallorca Bodega & Olive Tour with Wine Tasting (full day): $163
When we compare the travel costs of actual travelers between Palma de Mallorca and Panama City, we can see that Palma de Mallorca is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Palma de Mallorca 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 Palma de Mallorca would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Palma de Mallorca 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 Palma de Mallorca Expensive? and Is Panama City Expensive?.
Which is Bigger, Palma de Mallorca or Panama City?
Panama City has a larger population, and is about 9% larger than the population of Palma de Mallorca. When comparing the sizes of Palma de Mallorca 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.