Which place is cheaper, Arequipa or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Arequipa?
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 Arequipa can help you decide which place is right for you.
Where Should I go: Panama City or Arequipa?
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.
Arequipa
Sitting in the middle of the Misti, Chachani and PichuPichu volcanoes of Peru is the enchanting city of Arequipa. With 468 years of history, the city is full of Spanish colonial architecture. Known to locals as the "white city," the city center, Plaza de Armas, is quite the sight with buildings of sillar white stone made from the rocks of the surrounding volcanoes.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Sightseeing Tours in Peru, and The Best Cultural Tours in Peru.
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Average Daily Cost Per person, per dayPanama City $86Arequipa $47
The average daily cost (per person) in Panama City is $86, while the average daily cost in Arequipa is $47. 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 Arequipa in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Arequipa $23
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Accommodation Typical double-occupancy roomPanama City $70Arequipa $46
Compare Hotels in Panama City and Arequipa
Looking for a hotel in Panama City or Arequipa? 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 Arequipa Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Arequipa $6.02
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 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 Blanca Round-Trip Private Transfer: $127
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- 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
- One-Way or Round-Trip PTY Airport Transfer: $47
- Shopping at Albrook Mall & Round-Trip Transfer: $36
Typical Local Transportation Prices in Arequipa
Some typical examples of transportation costs in Arequipa are as follows:
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Taxi Ride$1.36
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Bus Ride$0.43
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Taxi Ride$0.95
Hired Cars and Shuttles in Arequipa
Some specific examples of transportation prices in Arequipa:
- Private Transfer From Arequipa to Puno, English Speaking Driver: $262
- Private Transfer From Arequipa To Puno With a 2 Hour Stop: $241
- Colca Canyon Sightseeing Tour 2D1N and Transfer to Puno: $120
- Colca Canyon 2 days from Arequipa with final transfer to Puno: $110
- From 2-Day Colca Canyon Tour with Transfer to Puno: $103
- From 2-Day Colca Canyon Tour with Transfer to Puno: $98
- Koh Lanta any hotel to Krabi airport Private transfer: $71
- Transfer Between Arequipa's Airport and Hotels: $35
- Private Transfer from Arequipa to Alfredo Rodríguez Ballón (AQP) Airport : $35
- Sihanouk Ville Airport Pickup or Transfer Private Car: $32
- 1-Way Airport Private Transfer: $31
- Airport private transfer to/from the city center: $26
Is it cheaper to fly into Panama City or Arequipa?
Prices for flights to both Arequipa 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 $21Arequipa $14
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:
- Panama Evening Food Tour: $60
- 10-Recipe Boozy Panamanian Cooking Class : $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $85
- The 'Real' Panamanian Private Food Tour: $200
Typical Food Prices in Arequipa
Below are a few samples from actual travelers for food and meal costs in Arequipa:
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Coke$0.41
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Lunch$2.85
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Ice Cream$1.09
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Fruit$0.81
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Ice Cream$0.95
Food Tours and Cooking Classes in Arequipa
Also, here are some specific examples of food and dining related activities in Arequipa.
- Skip the Line: Dinner and Typical Dances Show Ticket: $25
- Peruvian Cooking Experience in Arequipa: $34
- Peruvian Cooking Class: $48
- Peruvian Cooking Class: $48
- Peruvian Cooking Class in arequipa: $50
- Guided Food Tour in Arequipa City: $69
- 3-hour guided food tour / 5 iconic restaurants of Arequipa: $72
- A 3-hour Guided Food Tour with 4 Iconic Restaurants of Arequipa: $79
- Arequipa Food Tour: Ancestral Cuisine & City Tour: $85
- Peruvian cooking experience, pisco sour and visit local market: $95
- Peruvian cooking class + PiscoSour class + visit the local market: $95
- Food Tour Experience: $115
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Arequipa $18
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
- Tour de bares en El Cangrejo con Bar Hopping Panama: $20
- POIN The Edge Experience: $27
- POIN Glass Viewpoint Experience: $27
- POIN Swing Experience: $27
- Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Panama City Bike Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
Typical Entertainment Prices in Arequipa
Here are a few typical costs in Arequipa for activities, ticket prices, and tours that come from previous visitors:
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Monastery Entry$2.71
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Salsa Class$2.71
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Movie Ticket$2.96
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Hot Springs$2.71
Tours and Activities in Arequipa
Here are a few actual costs in Arequipa for available activities, ticket prices, and tours:
- 2 Day - Colca Canyon and Condor Tour from Arequipa, Peru - Group Service : $288
- 2-Day Misti Volcano Tour: $117
- 2-Day Tour to the Magical Colca Canyon: $68
- 2-Day || Adventure From Arequipa to Chachani Volcano ||: $143
- 2-day tour to the Colca Valley and the Cruz del Condor: $99
- 3 Hour Congata Rover Biking Ride Tour in Arequipa: $45
- 3-Day Cotahuasi Canyon Tour: $350
- 3-Hour Tour by Mountain Bike in Arequipa: $69
- 3-day tour of the Valley of the Volcanoes: $350
- 4-hour tour to the Sillar Route in Arequipa: $10
- 8-Hours Tour in Arequipa Laguna de Salinas with Pick-up: $25
- AREQUIPA BIKING CITY TOUR: $29
Alcohol
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Alcohol Drinks for one dayPanama City $18Arequipa $16
Typical Alcohol Prices in Arequipa
Some typical examples of the costs for nightlife and alcohol in Arequipa are as follows:
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Beer$2.44
Sample the Local Flavors in Arequipa
Some specific costs for nightlife related activities in Arequipa:
- Pub Crawl Tour in Arequipa with VIP Access.: $25
- From Pisco and wine tour through the Majes Valley: $50
- Pub Crawl Tour in Arequipa with Drinks and VIP Access.: $60
When we compare the travel costs of actual travelers between Panama City and Arequipa, we can see that Panama City is more expensive. And not only is Arequipa much less expensive, but it is actually a significantly cheaper destination. Since Panama City is in Central America and Arequipa is in South 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 Arequipa would let you spend less money overall. Or, you could decide to spend more money in Arequipa 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 Arequipa.
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 Arequipa Expensive?.
Which is Bigger, Panama City or Arequipa?
Arequipa has a larger population, and is about 2 times larger than the population of Panama City. When comparing the sizes of Panama City and Arequipa, 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.