Which place is cheaper, Puerto Varas or Panama City?
These are the overall average travel costs for the two destinations.
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Should you visit Panama City or Puerto Varas?
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 Puerto Varas can help you decide which place is right for you.
Where Should I go: Panama City or Puerto Varas?
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.
Puerto Varas
Puerto Varas is a city in Southern Chile, in the Los Lagos (Lakes) Region, Llanquihue Province. It is a charming town, only 23 km away from Puerto Montt and surrounded by the Osorno and Calbuco volcanoes as well as the impressive Llanquihue lake. In terms of landscape, accommodation and activities, Puerto Varas is well served! Kayak, paddle, canyoning, rock climbing, trekking, ski, fishing, you name it! If you decide to stop in that area, we recommend that you stay in Puerto Varas, as it provides the perfect starting point for many memorable excursions in the area.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best G Adventures Tours to Chile, and The Best One-Week (7-Day) Tours from Santiago.
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Average Daily Cost Per person, per dayPanama City $86Puerto Varas $109
The average daily cost (per person) in Panama City is $86, while the average daily cost in Puerto Varas is $109. 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 Puerto Varas in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Puerto Varas $67
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Accommodation Typical double-occupancy roomPanama City $70Puerto Varas $134
Compare Hotels in Panama City and Puerto Varas
Looking for a hotel in Panama City or Puerto Varas? 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 Puerto Varas Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Puerto Varas $21
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 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 Blanca Round-Trip Private Transfer: $127
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- 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
- One-Way or Round-Trip PTY Airport Transfer: $47
- Shopping at Albrook Mall & Round-Trip Transfer: $36
Hired Cars and Shuttles in Puerto Varas
Some specific examples of transportation prices in Puerto Varas:
- Transfer from Puerto Varas to Puerto Montt Airport: $50
- Transfer from Hotel in Puerto Varas to Puerto Montt Airport: $24
- Transfer to Puerto Montt Airport: $22
- Puerto Varas to Puerto Montt Airport - Departure Private Transfer: $21
Is it cheaper to fly into Panama City or Puerto Varas?
Prices for flights to both Puerto Varas 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 $21Puerto Varas $25
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
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Puerto Varas $19
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 Puerto Varas
Here are a few actual costs in Puerto Varas for available activities, ticket prices, and tours:
- Adventure Fullday Tour Osorno Volcano and Saltos de Petrohue National Park: $150
- From Puerto Varas or Puerto Montt: Chiloé Island Tour: $60
- From Osorno Volcano & Petrohue Falls Day Tour: $49
- Full-Day Osorno Vulcano and Petrohue Falls Small-Group Tour: $80
- Half-Day Small-Group Rafting Experience in Petrohué River: $52
- Lake Llanquihue Bike Tour in Puerto Varas: $129
- Petrohue Falls and Osorno Volcano Bike Tour: $124
- Peulla Full Day Tour from Puerto Varas: $68
- Premium Half Day Shared Tour Sunset at Osorno Volcano: $130
- Premium Small-Group Half day Tour to Frutillar in Puerto Varas: $144
- Private Rock Climbing Experience in Northern Patagonia: $100
- Full-Day Tour Chiloe Island: Castro and Dalcahue : $62
Alcohol
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Alcohol Drinks for one dayPanama City $18Puerto Varas $6.51
When we compare the travel costs of actual travelers between Panama City and Puerto Varas, we can see that Puerto Varas 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 Puerto Varas 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 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 Puerto Varas would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Puerto Varas 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 Puerto Varas Expensive?.
Which is Bigger, Panama City or Puerto Varas?
Panama City has a larger population, and is about 20 times larger than the population of Puerto Varas. When comparing the sizes of Panama City and Puerto Varas, 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.