Which place is cheaper, Miami or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Miami?
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 Miami can help you decide which place is right for you.
Where Should I go: Panama City or Miami?
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.
Miami
Miami is a popular tourist destination and a modern city in South Florida. It has beautiful white beaches, crystal blue waters, cosmopolitan neighborhoods, impressive shopping, and excellent dining opportunities. It is also a gateway to the Florida Keys, which is another popular destination in South Florida.
Miami is the second most populated city in Florida and the metropolitan area is the most populated in the state with more than 5.4 million people. It's also the 7th largest metro area in the country. The city sits between the Atlantic Ocean to the east and the Everglades to the west. It covers 110 miles north to south but is a narrow 20 miles east to west.
Miami sits at a low latitude, giving it a subtropical savannah climate. There are two seasons; the warm and dry season between November and April and the hot and wet season between May and October. The coldest months are between December and March when highs are in the upper 70 or low 60 degrees Fahrenheit. The summer months have highs in the upper 80s or 90s and lows in the mid 70s with high humidity.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Luxury Tours to United States of America, and The Best Tours for Seniors to United States of America.
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Average Daily Cost Per person, per dayPanama City $86Miami $206
The average daily cost (per person) in Panama City is $86, while the average daily cost in Miami is $206. 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 Miami in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Miami $132
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Accommodation Typical double-occupancy roomPanama City $70Miami $264
Compare Hotels in Panama City and Miami
Looking for a hotel in Panama City or Miami? 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 Miami Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Miami $38
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 Airport Transfer Service To Panama City: $50
- 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 Bonita/Gamboa - Private Transfer: $38
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $77
- Panama City Private Arrival Transfer: $17
- 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
Typical Local Transportation Prices in Miami
Some typical examples of transportation costs in Miami are as follows:
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Car Rental for a Day$18
Hired Cars and Shuttles in Miami
Some specific examples of transportation prices in Miami:
- Transfer to West Palm Beach: $420
- From Miami Beach: Roundtrip Bimini Ferry and Hotel Transfers: $289
- From Miami Airport - Private Transfer to Hotels and Homes: $265
- From Miami - Private Transfer from Miami Hotels to Airport: $265
- Private Transfer from Miami Airport to Hotel and Vice Versa: $255
- Round Trip Motorcoach Transfer to Key West from Miami: $245
- Transfer from Miami Hotel or Miami Port to Fort Lauderdale Airport or Hotel: $210
- Guided Tour with Transfer from Cruise Port to Airport: $184
- Shared Tour in Miami with Transfer: $170
- Private transfer from Miami hotel to Port of Miami: $160
- Transfer from Miami Airport to Miami Hotel or Miami Port: $160
- Transfer from Miami Airport to Hotel or Port Miami.: $160
Is it cheaper to fly into Panama City or Miami?
Prices for flights to both Miami 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 $21Miami $41
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 Miami
Below are a few samples from actual travelers for food and meal costs in Miami:
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Lunch with Drinks (for 2)$45
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David's Cafe Lunch (for 1)$16
Food Tours and Cooking Classes in Miami
Also, here are some specific examples of food and dining related activities in Miami.
- The Ultimate Little Havana Food Tour: $64
- Wynwood Street Art, Culture, Donuts & Walking Food Tour: $65
- South Beach Food Tour: $70
- A Taste of South Beach Food Tour: $70
- Little Havana Walking Food Tour: $75
- South Beach Miami Food & Fun Art Deco Food Tour : $79
- Wynwood Walls Art District Food Tour: $80
- Mango's Tropical Cafe Dinner & Show: $98
- Mango's Dinner and Show Ticket: $98
- Miami Dinner Party w/ Night Club Experience: $100
- Guided Small Group Little Havana Food Tour: $124
- Ukrainian cooking class in Miami: $125
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Miami $31
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
Tours and Activities in Miami
Here are a few actual costs in Miami for available activities, ticket prices, and tours:
- Cultural Brunch Experience in Miami: $125
- Miami's Most Authentic Walking Tour of Little Havana: $39
- South Beach Walking Tour- A Journey through Food and History: $67
- 1 Day Key West Tour from Miami Florida: $175
- 1 Hour Jet Ski Experience in Miami Beach Florida: $95
- 1 Hour Star Island Segway Tour: $74
- 1-Hour Private Miami Photoshoot Experience: $65
- 1HR Boat Tour Around Miami Celebrities Mansion: $65
- 2 HR Miami Lights & Skyline Private Night Tour for up to 6 people: $299
- 2 Hours Private Walking Tour in Miami Beach: $273
- 2 hrs Miami Private Boat Tour with Cooler, Ice, Bluetooth Stereo: $75
- 2-Day Key West and Miami South Beach Tour: $100
Alcohol
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Alcohol Drinks for one dayPanama City $18Miami $22
Typical Alcohol Prices in Miami
Some typical examples of the costs for nightlife and alcohol in Miami are as follows:
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Evening at a Bar$32
Sample the Local Flavors in Miami
Some specific costs for nightlife related activities in Miami:
- Miami Bar Crawl: $25
- Ghosts, Boos and Booze Haunted Pub Crawl: $35
- Small-Group Brewery Golf Cart Tour of Wynwood with a Local Guide: $59
- Wynwood Graffiti Brewery Golf Cart Tour: $63
- Wynwood Party Bike Bar Crawl: $64
- Wynwood Party Bike Bar Crawl: $64
- Wynwood Bar Crawl: $100
When we compare the travel costs of actual travelers between Panama City and Miami, we can see that Miami 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 Miami 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 Miami would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Miami 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 Miami Expensive?.
Which is Bigger, Panama City or Miami?
Panama City has a larger population, and is about 7% larger than the population of Miami. When comparing the sizes of Panama City and Miami, 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.