Which place is cheaper, Lima or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Lima?
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 Lima can help you decide which place is right for you.
Where Should I go: Panama City or Lima?
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.
Lima
Lima, the capital city of Peru, is likely to be your point of entry for the country. Lima was founded in 1535 and was the seat of the Spanish rule for 300 years. It's a surprisingly modern city despite its rich history, but many beautiful churches and colonial architecture remain today. There are also large slum areas that highlight the poverty that exists in the city. The city and its surrounding metropolitan area have a population of about 8.5 million people, many of whom came from the Andes Mountains in search of work. Unfortunately the work opportunities are limited and the poverty is obvious as you arrive in Lima.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, Tours for Outdoor and Nature Lovers in Peru, and The Best Adventure Tours to Peru.
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Average Daily Cost Per person, per dayPanama City $86Lima $77
The average daily cost (per person) in Panama City is $86, while the average daily cost in Lima is $77. 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 Lima in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Lima $49
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Accommodation Typical double-occupancy roomPanama City $70Lima $98
Compare Hotels in Panama City and Lima
Looking for a hotel in Panama City or Lima? 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 Lima Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Lima $5.73
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 Lima
Some typical examples of transportation costs in Lima are as follows:
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Taxi Ride$5.43
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Taxi Ride$5.43
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Short Taxi Ride$4.07
Hired Cars and Shuttles in Lima
Some specific examples of transportation prices in Lima:
- Private Transfer From Lima To Paracas With 2 Stops : $176
- Premium Peruvian Horse Show with Lunch & Transfers: $150
- Round-Trip Transfer in Private Minivan from-to Lima Airport (LIM) in Lima City: $122
- Palomino Islands Excursion & Swimming with Sea Lions with Hotel Transfers: $119
- Airport Transfer Service in Lima: $95
- Lima round trip transfers airport - hotel - airport + City Tour: $89
- Private Transfer from Callao Cruise Port to Lima city hotels: $87
- Private Transfer from Jorge Chavez Airport (LIM) to Pisco Port: $87
- Lima Airport Arrival Transfer for small groups: $79
- Private Transfer from Jorge Chavez Airport (LIM) to Pisco Port : $79
- Private Largevan Transfer - Arrival Lima Airport to Hotel: $70
- Lima J Chavez Airport to Lima Hotels Round-Trip Private Transfer: $61
Is it cheaper to fly into Panama City or Lima?
Prices for flights to both Lima 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 $21Lima $18
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 Lima
Some typical examples of dining costs in Lima are as follows:
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Lunch for Two$4.34
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Ice cream$3.53
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Coffee$2.99
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Donut$0.95
Food Tours and Cooking Classes in Lima
Also, here are some specific examples of food and dining related activities in Lima.
- Lima Market Food Tour: $33
- Lima Market Food Tour: $34
- Lima Street Food Tour: $40
- Lima Food Tour: $45
- Cooking Workshop and Water Circuit Tour: $45
- Lima Street Food Tour: $45
- Street Food Tour in Miraflores District: $45
- Barranco Tour with Dinner: $47
- Bohemian tour of Barranco with Dinner: $47
- Private Cooking Class With a Local Family in Lima: $48
- Lima Night Food Tour: $48
- Lima Market Food Tour: $52
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Lima $8.66
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 Lima
Some typical examples of activities, tours, and entrance ticket prices in Lima are as follows:
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Entrance to Museo Larco (for 2)$16
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Movie Tickets$2.31
Tours and Activities in Lima
Some specific costs of activities, tours, and entrance tickets for Lima are as follows:
- Lima bike and 5 Step Food Tasting Experience: $92
- Lima in 1 Day! - City Tour + Miraflores, Barranco & San Isidro: $85
- Tour to Historical Places in Lima: $30
- Cultural Tour of the city of Lima & Gastronomic: $62
- 2 Day Tour from Nazca Lines Flight, Paracas, and Huacachina: $279
- 2 Day Tour from Paracas, Ballestas Island and Huacachina: $149
- 2 Day Tour from Paracas, Huacachina, and Pisco Vineyard: $149
- 2d/1n Tour: Flight to the Nazca, Paracas and Huacachina Lines: $289
- 3 Day Tour from Nazca Lines Flight, Paracas, and Huacachina: $289
- 3 Day Tour to Paracas, Huacachina, and Pisco Vineyard: $159
- 3-Day Trip to Lima Tour Package: $150
- 3-Hour Private Custom Walking Tour with a Local Guide in Lima: $51
Alcohol
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Alcohol Drinks for one dayPanama City $18Lima $5.63
Typical Alcohol Prices in Lima
Some typical examples of the costs for nightlife and alcohol in Lima are as follows:
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Bottle of Wine$7.30
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Beer$4.07
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Cocktail$3.26
Sample the Local Flavors in Lima
Some specific costs for nightlife related activities in Lima:
- Gin and Rum Distillery Tour: $12
- Exclusive Pub Crawl with 10+ benefits: $18
- Party Tour in Miraflores with Bar Crawl and Drinks: $18
- Party tour in Miraflores with Bar Crawl Lima: $20
- Pub Crawl in Lima: $25
- Local Wine Tour: $50
- Ballestas Islands + Huacachina Oasis + Wine Tour !! The best price: $226
When comparing the travel costs between Panama City and Lima, we can see that Panama City is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Even though Panama City is in Central America and Lima is in South America, both of these destinations have relatively similar prices of travel. Generally, the levels of luxury and expenses are the same for these cities even though they are geographically far apart.
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 Lima Expensive?.
Which is Bigger, Panama City or Lima?
Lima has a larger population, and is about 20 times larger than the population of Panama City. When comparing the sizes of Panama City and Lima, 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.