Which place is cheaper, New York City or Panama City?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
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Should you visit Panama City or New York City?
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 New York City can help you decide which place is right for you.
Where Should I go: Panama City or New York City?
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.
New York City
The most populated city in the United States, New York City, sits at the mouth of the Hudson River and encompasses both the island of Manhattan as well as the surrounding land on Long Island, most of which is known as Brooklyn. It's a cultural, culinary, theatrical, and art center that has much to offer domestic and international travelers alike. The city covers an area of 305 square miles and has a population of about 8.2 million people in the city proper with 18.7 million in the metropolitan area.
For some great organized tour ideas, see The Best One-Week (7-Day) Tours from Panama City, The Best 2-Week Tours from Panama City, The Best 2-Week Tours from New York City, and The Best 2-Week Tours from Anchorage.
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Panama City Prices
Panama PricesNew York City Prices
USA Prices -
Average Daily Cost Per person, per dayPanama City $101New York City $363
The average daily cost (per person) in Panama City is $101, while the average daily cost in New York City is $363. 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 New York City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35New York City $175
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Accommodation Typical double-occupancy roomPanama City $70New York City $350
Compare Hotels in Panama City and New York City
Looking for a hotel in Panama City or New York City? 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 New York City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11New York City $49
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Travel in Comfort Airport Transfer Pty : $12
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $20
- Transfers from Airport to Panama City: $40
- Transfer from Tocumen Airport to hotels in Gamboa or Viceversa: $30
- Transfer from Tocumen Airport to Panama City Hotels : $25
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Transfer from PTY/Panama City to Cruise Terminal or to the Marina: $32
- Transfer Tocumen International Airport - Playa Blanca, Rio Hato, Buena Ventura: $75
- Transfer Panama City to Amador Cruise Port : $30
Typical Local Transportation Prices in New York City
Some typical examples of transportation costs in New York City are as follows:
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Subway$4.50
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Taxi Ride$8.00
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Subway$2.50
Hired Cars and Shuttles in New York City
Also for New York City, here are a few examples of actual transportation services:
- Empire State Building NYC Tour, Pre-booked Tickets, Transfer: $300
- New York J.F. Kennedy Airport (JFK) to Baltimore City - Arrival Private Transfer: $300
- Skip the line One World Observatory Private Tour with Transfers : $296
- Central Park Zoo Skip-the-line Tickets & Private Transfers: $291
- Private Transfer from New York Airport (JFK) to New York Hotels : $287
- Private Transfer from or to New York to EWR Airport or vice versa: $280
- Airport Limousine Transfer one-way - LaGuardia Airport - Lincoln MKT: $275
- New York City Airport Arrival Transfer by Sprinter LGA JFK EWR: $260
- EWR, LGA, JFK Private Airport Transfer in NYC with SUV or Sedan: $252
- JFK/LGA/EWR to Manhattan Private Transfer - Up to 14 Pax: $250
- New York City Airport Departure Transfer by Sprinter LGA JFK EWR: $250
- Private SUV New York City Airport Departure Transfer : $235
Is it cheaper to fly into Panama City or New York City?
Prices for flights to both New York City 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 $36New York City $87
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$8.24
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
- E-Tickets Emotions Dinner Theater Live Show Admission: $75
- Afro-Panamanian Cooking Class with Meal: $75
- Street Food Tour with 24 Tastings: $75
- Cooking Class in Panama City with 10 Recipes & Bottomless Drinks: $95
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $95
- Folkloric Dance & Typical Dinner at Sabroso Panamá: $110
- The Real Panamanian Private Food Tour through Panama City: $205
- Street Food Tour in Panama with a Local Guide: $263
Typical Food Prices in New York City
For New York City, here are some examples of average food and meal prices for travelers:
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Gelato$7.50
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Snacks for Two at Yankees Game$34
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Coffee$6.53
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Smoothie$6.95
Food Tours and Cooking Classes in New York City
For New York City, here are some samples of tours and activities related to meals and dining experiences:
- East Village Noho Food Tour: $32
- The Chinatown, Little Italy, Food Tour: $35
- The Lower East Side Food Tour: $35
- Sweets and Slices Greenwich Village Walking Food Tour: $49
- New York City's Best Pizza tour: $59
- Made in Brooklyn Food Tour: $65
- Greenwich Village Pizza Walk: $75
- Brooklyn Pizza Walk: $75
- New York's Classic Eats West Village Food Tour: $75
- New York's Classic Eats Lower East Side Food Tour: $75
- Union Square Donut Adventure and Walking Food Tour: $75
- East Village Pizza Walk: $75
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66New York City $180
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Gatun Lake Panamá Wildlife Adventure Guided Experience: $159
- Horseback riding and Agri-Tour in Colon Private tour: $75
- Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
- Panama Viejo and Casco Antiguo Tour: $115
- Panama a quick and memorable tour: $68
- San Blas Islands, 4-Island Tour All-Inclusive Welcome Cocktail: $149
- #1 Walking Tour of Casco Viejo Panama with Lunch included : $70
- “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
- “Panama at Your Rhythm: Private Tour with Canal, Old Town and More”: $67
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1st Mysteries and FreeMasons Tour: $38
- 2 Days 1 Night San Blas Adventure in Pamana: $260
Typical Entertainment Prices in New York City
Below are a few sample prices from actual travelers for New York City's activities, tours, and tickets:
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Comedy Show Tickets$56
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City Map$8.00
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Broadway Musical$111
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Broadway Show Program$10
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Magazine$6.99
Tours and Activities in New York City
For New York City, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 3 Hour Session at Williamsburg's Adventure Park Area 53: $42
- 9/11 Memorial Tour with Skip-the-Line Museum Ticket: $65
- Central Park Pedicab Tours - History and Movie Locations: $50
- Godfather Movie Locations New York Tour with Private Guide: $195
- Grand Central Terminal Walking Tour: $35
- Harlem Bronx Brooklyn Queens Tour in 7 Hours: $65
- New York City Ghost Tour of Greenwich Village: $39
- Official Central Park Pedicab Tours: $50
- VIP Central Park Experience Tour with photos 50min~Skip the line: $280
- & Juliet on Broadway Ticket : $94
- & Juliet on Broadway Ticket with VIP Experience and Lunch: $299
- "The Met" Metropolitan Museum of Art Exclusive Guided Tour: $133
For more ideas for your next trip, check out The Best Things to do in New York City with Kids, Things to Do in Central Park in NYC, and The Best Museums in New York City.
Alcohol
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Alcohol Drinks for one dayPanama City $18New York City $29
Sample the Local Flavors in New York City
Some specific costs for nightlife related activities in New York City:
- Brooklyn Distillery Tour : $22
- NYC Pub Crawl Experience: $24
- Distillery Tour and Tasting: $25
- NYC Pub Crawl Tour: $30
- NYC Pub Crawl with Rooftop Clubbing Experience: $33
- Top Shelf Distillery Tour: $33
- New York Ghosts Boos and Booze Haunted Pub Crawl: $36
- Cheers to Chinatown Tour and Bar Crawl: $40
- Brooklyn Literary Pub Crawl: $49
- Greenwich Village Piano Bar Crawl: $50
- Broadway Prohibition Pub Crawl: $64
- Little Italy Prohibition Pub Crawl: $64
When we compare the travel costs of actual travelers between Panama City and New York City, we can see that New York City 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 New York City 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 New York City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in New York City 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 New York City Expensive?.
Which is Bigger, Panama City or New York City?
New York City has a larger population, and is about 20 times larger than the population of Panama City. When comparing the sizes of Panama City and New York City, 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.