Which place is cheaper, Lake Titicaca (Puno) or Panama City?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Panama City or Lake Titicaca (Puno)?
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 Lake Titicaca (Puno) can help you decide which place is right for you.
Where Should I go: Panama City or Lake Titicaca (Puno)?
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.
Lake Titicaca (Puno)
Lake Titicaca, which directly translates to "puma stone" in Quechua, is located high in the Andes Mountains straddling Peru and Bolivia, with about 60% of the lake in Peru and 40% in Bolivia. Among the lake are three main islands, the most popular of which are the Uros Islands, also known as the floating islands, where the Uros people live on totora reeds that grow in the lake.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Photography Tours in Peru, and The Best Jungle Trekking Tours in Peru.
-
Average Daily Cost Per person, per dayPanama City $86Lake Titicaca (Puno) $55
The average daily cost (per person) in Panama City is $86, while the average daily cost in Lake Titicaca (Puno) is $55. 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 Lake Titicaca (Puno) in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personPanama City $35Lake Titicaca (Puno) $26
-
Accommodation Typical double-occupancy roomPanama City $70Lake Titicaca (Puno) $52
Compare Hotels in Panama City and Lake Titicaca (Puno)
Looking for a hotel in Panama City or Lake Titicaca (Puno)? 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 Lake Titicaca (Puno) Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Panama City $11Lake Titicaca (Puno) $11
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Private Departure Transfer to Panama City Airport (PTY): $13
- Private transfer from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Private One-way Airport Transfer (Tocumen Airport To/From Panamá): $23
- Private Airport Transfer: $23
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Private Transfer Tocumen Airport - Old Town(Casco Viejo): $25
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
Typical Local Transportation Prices in Lake Titicaca (Puno)
Below are a few samples from actual travelers for transportation costs in Lake Titicaca (Puno):
-
Taxi$0.81
Hired Cars and Shuttles in Lake Titicaca (Puno)
Some specific examples of transportation prices in Lake Titicaca (Puno):
- Private Transfer From Puno to Chivay With a 2 Hour Stop: $296
- Private Transfer From Puno to Oruro With a Stop in Lake Titicaca: $285
- Private Transfer From Puno to Cusco With 2 Stops: $249
- Private Transfer From Puno to Chivay, English Speaking Driver: $209
- Direct Private Transfer From Puno to Cusco, English Local Speaking Driver: $205
- Private Transfer from Puno to Frontera Kasani: $202
- Private Transfer from Puno to Desaguadero: $193
- Puno Airport Private Transfer: $44
- Private Transfer from Hotel Puno to Puerto de Puno: $21
- Private Transfer from Puerto de Puno to Hotel Puno: $21
- Puno Airport Shared Transfer: $20
Is it cheaper to fly into Panama City or Lake Titicaca (Puno)?
Prices for flights to both Lake Titicaca (Puno) 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
-
Food Meals for one dayPanama City $21Lake Titicaca (Puno) $15
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
-
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 Lake Titicaca (Puno)
Some typical examples of dining costs in Lake Titicaca (Puno) are as follows:
-
Tamales$1.49
Entertainment
-
Entertainment Entrance tickets, shows, etc.Panama City $66Lake Titicaca (Puno) $29
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 Lake Titicaca (Puno)
Some specific costs of activities, tours, and entrance tickets for Lake Titicaca (Puno) are as follows:
- 2-Day Lake Titicaca Tour with Stay in a Local Family Home: $109
- 2-Day Tour Lake Titicaca: Uros, Amantani & Taquile Islands: $98
- 2-Day Tour Uros Islands with Stay in a Local Family House from Puno: $109
- 2-Day Tour to Uros, Amantani and Taquile From Puno: $85
- 2-Hour Crop Circles Private Tour on Lake Titicaca from Puno: $130
- 2-day Tour: Puno To Chivay And Canyon Of Colca: $195
- 3 Days Tour to Ruta del Sol in Puno: $120
- 3h Boat Tour to Uros Island from Puno: $38
- Bus Day Tour along the Ruta del Sol from Puno to Cusco: $62
- Bus Ticket from Puno to Cusco with Stop.: $108
- Chucuito Bike Tour: $194
- Cultural Tour to Uros Floating Island: $60
Alcohol
-
Alcohol Drinks for one dayPanama City $18Lake Titicaca (Puno) $13
When we compare the travel costs of actual travelers between Panama City and Lake Titicaca (Puno), we can see that Panama City is more expensive. And not only is Lake Titicaca (Puno) much less expensive, but it is actually a significantly cheaper destination. Since Panama City is in Central America and Lake Titicaca (Puno) 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 Lake Titicaca (Puno) would let you spend less money overall. Or, you could decide to spend more money in Lake Titicaca (Puno) 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 Lake Titicaca (Puno).
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 Lake Titicaca (Puno) Expensive?.
Which is Bigger, Panama City or Lake Titicaca (Puno)?
Panama City has a larger population, and is about 4 times larger than the population of Lake Titicaca (Puno). When comparing the sizes of Panama City and Lake Titicaca (Puno), 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.