Which place is cheaper, Punta Arenas 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 Punta Arenas?
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 Punta Arenas can help you decide which place is right for you.
Where Should I go: Panama City or Punta Arenas?
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.
Punta Arenas
Punta Arenas is in the far south of Chile and has a long history of maritime commerce, oil extraction, and sheep farming. It's the most populated city on the Strait of Magellan and has all the facilities you might need as a traveler, including banks, markets, drugstores and equipment shops. With a population of about 130,000, the city is a comfortable place to spend time. It serves as a base for Antarctic expeditions, although many expeditions also start in Ushuaia, Argentina, and Christchurch New Zealand.
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 Romantic Tours for Couples in Chile, and The Best Luxury Tours to Chile.
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Panama City Prices
Panama PricesPunta Arenas Prices
Chile Prices -
Average Daily Cost Per person, per dayPanama City $101Punta Arenas $79
The average daily cost (per person) in Panama City is $101, while the average daily cost in Punta Arenas is $79. 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 Punta Arenas in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Punta Arenas $32
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Accommodation Typical double-occupancy roomPanama City $70Punta Arenas $64
Compare Hotels in Panama City and Punta Arenas
Looking for a hotel in Panama City or Punta Arenas? 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 Punta Arenas Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Punta Arenas $1.80
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- 2 Days 1 Night Tour in Panama : Hotel and Transfers: $278
- Transfer Airport or Hotel To Playa Venao Panama or vice versa: $260
- Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Private Transfer from Panama City Hotels to Colón Cruise Port: $158
- Miraflores Visitor Center Ticket & Transfer: $155
- Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
- Private Transfer from Panama Airport (PTY) to Colón Resorts: $150
- Roundtrip Private Transfer Panama Airport (PTY) - Playa Blanca : $142
- Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
- Transfer from Panama Airport to Colon Cruise Terminal: $110
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $107
Hired Cars and Shuttles in Punta Arenas
Also for Punta Arenas, here are a few examples of actual transportation services:
- Transfer from Punta Arenas to Puerto Natales: $267
- Oneway Private Transfer from Punta Arenas Airport to Punta Arenas: $37
- Transfer Airport Punta Arenas : $30
Is it cheaper to fly into Panama City or Punta Arenas?
Prices for flights to both Punta Arenas 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 $36Punta Arenas $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$8.24
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 Punta Arenas
Here are some examples of typical meal expenses from previous travelers to Punta Arenas:
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Donut$1.05
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Dinner$25
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Punta Arenas $6.44
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
Tours and Activities in Punta Arenas
Also, here are some specific examples of entertainment, tickets, and activities for Punta Arenas.
- Bike Tour in Punta Arenas, 100% local tour.: $70
- Cruises Shore Excursions : City tour Cruises Regular: $70
- For Cruise-ship passengers: Magdalena Island (Penguins): $200
- Fuerte Bulnes Shore Tour for Cruisers in Punta Arenas: $80
- Full day Torres del Paine from Punta Arenas ,Regular tours: $180
- Guided Tour of Punta Arenas and Fort Bulnes: $300
- King Penguin & Tierra del Fuego Tour: $154
- King Penguin & Tierra del Fuego Tour: $154
- Magallanes National Reserve and Punta Arenas City Tour: $165
- Magdalena Island Penguin Boat Tour and Marta Island: $165
- Magdalena Island Penguin Tour by Boat from Punta Arenas: $160
- Magdalena Island Penguin Tour by Boat from Punta Arenas: $160
Alcohol
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Alcohol Drinks for one dayPanama City $18Punta Arenas $4.86
Typical Alcohol Prices in Punta Arenas
Below are a few samples from actual travelers for alcohol and nightlife costs in Punta Arenas:
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Alcohol$7.33
When we compare the travel costs of actual travelers between Panama City and Punta Arenas, we can see that Panama City is more expensive. And not only is Punta Arenas much less expensive, but it is actually a significantly cheaper destination. Since Panama City is in Central America and Punta Arenas 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 Punta Arenas would let you spend less money overall. Or, you could decide to spend more money in Punta Arenas 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Punta Arenas.
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 Punta Arenas Expensive?.
Which is Bigger, Panama City or Punta Arenas?
Panama City has a larger population, and is about 3 times larger than the population of Punta Arenas. When comparing the sizes of Panama City and Punta Arenas, 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.