Which place is cheaper, Anchorage or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Anchorage?
Which is cheaper to visit? Which is more expensive for vacation?
Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Panama City and Anchorage can help you decide which place is right for you.
Where Should I go: Panama City or Anchorage?
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.
Anchorage
Anchorage, Alaska's largest city, is in the south-central part of the state on the Cook Inlet. It's known for its cultural sites and also as a gateway to nearby wilderness areas and mountains. From the sparkling waters of Cook Inlet to the tallest peaks of the Chugach Mountains, Anchorage encompasses incredible adventures and metropolitan appeals that are larger than life. With 1,500 moose, incredible national parks nearby and 60 glaciers a short drive away, it's a dream destination in Alaska.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Romantic Tours for Couples in United States of America, and The Best Polar Tours & Cruises in United States of America.
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Average Daily Cost Per person, per dayPanama City $86Anchorage $191
The average daily cost (per person) in Panama City is $86, while the average daily cost in Anchorage is $191. 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 Panama City and Anchorage in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Anchorage $117
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Accommodation Typical double-occupancy roomPanama City $70Anchorage $234
Compare Hotels in Panama City and Anchorage
Looking for a hotel in Panama City or Anchorage? 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: Panama City Hotel Prices and Anchorage Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Anchorage $27
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Private transfer from Panama Tocumen Airport (PTY)- Panama City: $15
- Private transfer from airport to hotels in Panama City: $15
- Panama City Private Arrival Transfer: $17
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Private Transfer from Tocumen Airport to Playa Bonita: $30
Hired Cars and Shuttles in Anchorage
Some specific examples of transportation prices in Anchorage:
- SUV-Private Transfer, Whittier Cruise ship to Anchorage: $299
- SUV-Private Transfer, Anchorage to Seward Cruise Ship Terminal: $299
- SUV-Private Transfer, Anchorage to Whittier Cruise Ship Terminal: $299
- Private Transfer Anchorage Airport (ANC) to Whittier Cruise Port: $232
- Anchorage to Seward- Pre-Cruise Curated Wildlife Tour +Transfer: $219
- Seward to Anchorage- Post Cruise Curated Wildlife Tour +Transfer: $197
- Private Departure Transfer - to Anchorage Airport (ANC): $62
- Private Arrival Transfer from Anchorage Airport ANC: $62
Is it cheaper to fly into Panama City or Anchorage?
Prices for flights to both Anchorage and Panama City 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 dayPanama City $21Anchorage $50
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$8.27
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:
- 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
Typical Food Prices in Anchorage
Some typical examples of dining costs in Anchorage are as follows:
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Bread$4.25
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Breakfast for Two$17
Food Tours and Cooking Classes in Anchorage
Also, here are some specific examples of food and dining related activities in Anchorage.
- City of Anchorage SIGHTSEEING & FOOD Tour: $177
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Anchorage $30
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
Typical Entertainment Prices in Anchorage
Some typical examples of activities, tours, and entrance ticket prices in Anchorage are as follows:
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1 Day Bike Rental$33
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1/2 Day Rafting Trip$105
Tours and Activities in Anchorage
Some specific costs of activities, tours, and entrance tickets for Anchorage are as follows:
- Private Mat-Su Valley, Hatcher Pass & Local Wildlife Tour: $199
- Spenard Neighborhood FOOD & TRUE CRIME Walking Tour: $150
- 26 Glacier Tour, Self-Drive from Anchorage, AK: $226
- 3 Hour Ladies Only Kayak Tour in Knik River: $130
- Advanced Snowshoeing Adventure: $238
- Alaska 9 Day Ocean Wildlife to Interior Wilderness Adventure: $6,999
- Alaska Wildlife Day Tour with Free Hotel Pickup: $115
- Alaska Wildlife Tour: $110
- Alaska's Most Scenic E-Bike Adventure: $224
- Anchorage Brews Tour: $169
- Anchorage City Tour w/ Taste of Wild Smoked Salmon & Reindeer Sausage: $69
- Anchorage City Tour w/ Wild Smoked Salmon & Reindeer Sausage: $73
Alcohol
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Alcohol Drinks for one dayPanama City $18Anchorage $20
Sample the Local Flavors in Anchorage
Some specific costs for nightlife related activities in Anchorage:
- Chocolate and Wine Tasting Tour: $109
- Half-Day Anchorage Craft Brewery Tour and Tastings: $179
- Guided Tour on Matanuska Glacier w/Alaska Honey & Wine Tasting: $285
When we compare the travel costs of actual travelers between Panama City and Anchorage, we can see that Anchorage is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Panama City is in Central America and Anchorage is in North 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 Anchorage would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Anchorage 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 Panama City Expensive? and Is Anchorage Expensive?.
Which is Bigger, Panama City or Anchorage?
Panama City has a larger population, and is about 57% larger than the population of Anchorage. When comparing the sizes of Panama City and Anchorage, 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.