Which place is cheaper, Cabo San Lucas or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Cabo San Lucas?
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 Cabo San Lucas can help you decide which place is right for you.
Where Should I go: Panama City or Cabo San Lucas?
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.
Cabo San Lucas
Cabo San Lucas ("Cabo") is on the far southern end of the Baja Peninsula. It has countless resorts and activities for visitors. There are world class golf courses, fine dining options, and five star resorts. Prior to the 1980s, Cabo was a quiet fishing village but with the construction of a nearby airport in 1977, the city rapidly grew into one of Mexico's most popular resort vacation spots. Today, Cabo has one of the country's most vibrant nightlife scenes. It also has plenty of water sport activities, and a great beach scene.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Family-Friendly Tours to Mexico, and The Best Historical Tours in Mexico.
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Average Daily Cost Per person, per dayPanama City $86Cabo San Lucas $139
The average daily cost (per person) in Panama City is $86, while the average daily cost in Cabo San Lucas is $139. 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 Cabo San Lucas in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Cabo San Lucas $63
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Accommodation Typical double-occupancy roomPanama City $70Cabo San Lucas $126
Compare Hotels in Panama City and Cabo San Lucas
Looking for a hotel in Panama City or Cabo San Lucas? 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 Cabo San Lucas Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Cabo San Lucas $28
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
Hired Cars and Shuttles in Cabo San Lucas
Some specific examples of transportation prices in Cabo San Lucas:
- Los Cabos Airport (SJD): Transfer to Cabo San Lucas Port: $436
- Roundtrip Private Transfer from Airport to Pacific Side: $300
- Transfer from Airport to Cabo San Lucas: $300
- Los Cabos Luxury Private Tesla Transfer from Airport to the Pacifica Area: $293
- Private All Inclusive Diamante Area Roundtrip Airport Transfer: $280
- Los Cabos Luxury Private Tesla Transfer from Airport to Cabo San Lucas Area: $261
- Private All Inclusive Cabo San Lucas Roundtrip Airport Transfer: $250
- Private Transfer from Accommodation to Restaurant in Los Cabos: $250
- Private Transfer from Los Cabos Airport to Cabo San Lucas: $250
- Private Transfer from Cabo San Lucas to La Paz: $240
- Roundtrip Private Transfer from Airport to Cabo San Lucas: $240
- Private Escalade Airport Transfer in Los Cabos: $220
Is it cheaper to fly into Panama City or Cabo San Lucas?
Prices for flights to both Cabo San Lucas 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 $21Cabo San Lucas $51
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
Food Tours and Cooking Classes in Cabo San Lucas
Also, here are some specific examples of food and dining related activities in Cabo San Lucas.
- Sunset Dinner Cruise with Domestic Open Bar: $64
- Tasting Cabo San Lucas Like a Local Food Tour: $70
- Cabo San Lucas Sunset Cruise with Dinner and Open Bar: $75
- Sea to Table Fisherman's Seafood Tour in Cabo San Lucas: $80
- Seafood Galore, Los Cabos Food Tour: $80
- San Jose del Cabo Morning Food Tour: $86
- Parrillada dinner with a Private Chef in your villa/condo in Cabo or San Jose: $86
- Sunset Dinner Cruise at Cabo San Lucas Bay: $89
- Private Mexican Cooking Class in Your Cabo San Lucas Villa or Condo: $90
- Catch of the day dinner in your private villa/condo in Cabo or San Jose del Cabo: $90
- San José del Cabo for Meat Lovers Food Tour: $90
- Cabo Sunset Dinner Cruise: Fajitas, Lands End and Party: $94
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Cabo San Lucas $43
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
Tours and Activities in Cabo San Lucas
Here are a few actual costs in Cabo San Lucas for available activities, ticket prices, and tours:
- Glass Bottom Boat Sightseeing Tour in Cabo San Lucas: $23
- Glass Bottom Boat Tour: $20
- Magical Todos Santos Tour, Camel ranch, Lunch & Tequila: $119
- Platinum Snorkel Tour : $215
- Romantic tour in Cabo San Lucas: $186
- Round Trip to Touristic Corridor : $180
- Traditional Tequila Tasting Experience with Jorge Cuervo: $55
- Your Own Private Luxury Yacht Experience in Cabo, Lunch included: $1.21
- "Exclusive Cabo San Lucas Trimaran Experience with Snorkeling": $180
- 1 Hour Jet Ski Adventure in Billygan's Beach Club: $180
- 2 Hour Whale Watching Tour in Cabo San Lucas Arch: $115
- 2 Hours Horseback Riding Adventure in Cabo: $130
Alcohol
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Alcohol Drinks for one dayPanama City $18Cabo San Lucas $28
Sample the Local Flavors in Cabo San Lucas
Some specific costs for nightlife related activities in Cabo San Lucas:
- Cabo Bar Crawl - The BEST Bar and Clubs in Cabo : $55
- Wine Tasting Sunset Cruise Tour in San Jose del Cabo: $190
When we compare the travel costs of actual travelers between Panama City and Cabo San Lucas, we can see that Cabo San Lucas 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 Cabo San Lucas 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 Cabo San Lucas would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Cabo San Lucas 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 Cabo San Lucas Expensive?.
Which is Bigger, Panama City or Cabo San Lucas?
Panama City has a larger population, and is about 10 times larger than the population of Cabo San Lucas. When comparing the sizes of Panama City and Cabo San Lucas, 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.