Which place is cheaper, Montreal or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Montreal?
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 Montreal can help you decide which place is right for you.
Where Should I go: Panama City or Montreal?
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.
Montreal
While Quebec City is the political capital of Quebec Province, Montreal is the economic and cultural capital. It's also the second largest city in Canada, with a population of about 1.9 million and 4 million in the metropolitan area. It's the second largest French speaking city in the world behind Paris.
Montreal is a very trendy and vibrant city with an active nightlife and countless activities to enjoy. It's located on an island in the St. Lawrence River and has a humid continental climate. There are four distinct seasons. Summers are warm or hot and humid. Spring and fall are mild and winters are cold and snowy. You can expect about 2 meters of snow every year, but there are also more than 2,000 hours of sunshine annually.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best Train & Rail Tours in Canada, and The Best Sightseeing Tours in Canada.
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Average Daily Cost Per person, per dayPanama City $86Montreal $210
The average daily cost (per person) in Panama City is $86, while the average daily cost in Montreal is $210. 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 Montreal in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Montreal $132
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Accommodation Typical double-occupancy roomPanama City $70Montreal $264
Compare Hotels in Panama City and Montreal
Looking for a hotel in Panama City or Montreal? 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 Montreal Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Montreal $21
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Embera Indian Village Tour w/ Airport Transfer: $290
- Panama Tocumen Airport (PTY): Private Transfer to Coronado: $271
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $267
- Round trip transfer in private Car from Tocumen Airport to Playa Blanca-Farallon: $240
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Private Transfer from Panama Tocumen Airport (PTY) to Playa Blanca resorts : $206
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Skip the Line: Miraflores Visitor Center Ticket with Transfer: $155
- Panama Tocumen Airport(PTY) to Colón Round-Trip Private Transfer: $142
- Round-Trip Transfer in Private Minivan from-to Tocumen Airport in Playa Bonita: $140
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $137
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $137
Hired Cars and Shuttles in Montreal
Also for Montreal, here are a few examples of actual transportation services:
- 8 Passengers Transfer from or to Montreal Airport YUL to Montreal City Center : $223
- Montreal Private Transfer to Montreal Airport YUL in Luxury Van: $170
- Departure Private Transfer: Montreal to Montreal Airport YUL in Luxury SUV: $163
- Montreal Private Transfer to Montreal Airport YUL in Luxury SUV: $163
- Departure Transfer Montreal to Montreal Airport by Limos or Bus: $153
- Departure Private Transfer: Montreal to Montreal Airport YUL in Business Car: $117
- Montreal Private Transfer to Montreal Airport YUL in Business Car: $117
- Private Departure Transfer to Montreal Airport YUL: $116
- Private Transfer: Montreal to Montréal-Pierre Elliott Trudeau Airport (YUL): $87
- One Way Private transfer from Montreal Airport to/ from Montreal: $84
- Montreal Best Private Transfer services : $82
- Downtown Direct: Montreal's Exclusive Airport Transfer: $79
Is it cheaper to fly into Panama City or Montreal?
Prices for flights to both Montreal 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 $21Montreal $36
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 Montreal
Here are some examples of typical meal expenses from previous travelers to Montreal:
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Tim Hortons breakfast and coffee$9.04
Food Tours and Cooking Classes in Montreal
For Montreal, here are some samples of tours and activities related to meals and dining experiences:
- Le Bateau-Mouche À La Carte Menu Dinner Cruise: $59
- No Diet Club: Walking food Tour with many tastings: $59
- Beyond the Market Food Tour by Spade & Palacio: $74
- Montreal Walking Food Tour With Secret Food Tours: $74
- Mile End Montreal Original Food Tour - by Local Montreal Tours: $89
- Old Montreal Food & Drink Tour by Local Montreal Food Tours: $103
- Cooking Class and Tasting Menu with Michelin Chef: $130
- Montréal: 5-Course Dinner Cruise with Music & VIP Option: $160
- Personalized Private Food Tour with a Local Foodie: $207
- Cooking Class in Montreal with a Michelin-Star Trained Chef: $224
- The 10 Tastings of Montreal Private Walking Food Tour : $298
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Montreal $21
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- #1 Walking Tour in Casco Viejo, Panama Canal Museum & Lunch : $77
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1- or 2-Night Experience in San Blas Islands: $260
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 2 Hours Tour to Panama La Vieja for Groups: $170
- 2 Hr Express Tour for Business Travellers & Airport Layovers: $75
- 2-Day San Blas Adventure from Panama City: $270
- 3 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 4-Hour Gatun Lake Boat Tour and Jungle Wildlife: $99
- 5-Hour Tour to Miraflores Locks and Sloth Sanctuary: $140
Typical Entertainment Prices in Montreal
For Montreal, here are some examples of average entertainment and activity prices from previous travelers:
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Botanical Gardens (family of 4)$54
Tours and Activities in Montreal
Also, here are some specific examples of entertainment, tickets, and activities for Montreal.
- 1 Hour Downtown Montreal Tour: $29
- 1 Hour Tour of Old-Montreal in Vintage Convertible Cadillac: $220
- 2 hour Tour of The Montreal Bagel: $44
- 3 Days 2 Nights Tour in New York: $300
- 3 Hour Montreal City Bike Tour with Wine or Beer (AM & PM): $64
- 3-Hour Scooter Sightseeing in Montreal: $79
- 3Hr Montreal Architecture Bike Tour with regular or E-bikes Beer & wine included: $64
- APP Self-Guided Tours Montreal with Audioguide: $8.76
- AURA experience at Notre-Dame Basilica and guided cruise: $73
- All about Montreal's Murals - Saturday Walking Tour: $24
- Awesome Curling Experience : $82
- Best of Montreal Small Group Tour with River Cruise + Notre Dame: $211
Alcohol
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Alcohol Drinks for one dayPanama City $18Montreal $16
Typical Alcohol Prices in Montreal
Below are a few samples from actual travelers for alcohol and nightlife costs in Montreal:
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Vodka$18
Sample the Local Flavors in Montreal
Here are a few nightlife and alcohol tours and activities from local tour providers in Montreal:
- Haunted Montreal Pub Crawl: $22
- Haunted Montreal Pub Crawl: $22
- Guided Bar Crawl with Free Shots and Club Entry: $42
When we compare the travel costs of actual travelers between Panama City and Montreal, we can see that Montreal 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 Montreal 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 Montreal would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Montreal 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 Montreal Expensive?.
Which is Bigger, Panama City or Montreal?
Montreal has a larger population, and is about 8 times larger than the population of Panama City. When comparing the sizes of Panama City and Montreal, 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.