Which place is cheaper, Punta Arenas or Panama City?
These are the overall average travel costs for the two destinations.
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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 2-Week Tours from Panama City, The Best Adventure Tours to Panama, The Best One-Week (7-Day) Tours from Santiago, and The Best Family-Friendly Tours to Chile.
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Average Daily Cost Per person, per dayPanama City $86Punta Arenas $63
The average daily cost (per person) in Panama City is $86, while the average daily cost in Punta Arenas is $63. 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:
- Embera Indian Village Tour w/ Airport Transfer: $290
- Panama Tocumen Airport (PTY): Private Transfer to Coronado: $269
- Transfer to Panama City, Hotel and City tour - 1 night: $266
- Panama Tocumen Airport (PTY): Transfer to Decameron hotels: $265
- 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 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
- Private Transfer from Panama Tocumen Airport (PTY) to Colón resorts: $136
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
Hired Cars and Shuttles in Punta Arenas
Also for Punta Arenas, here are a few examples of actual transportation services:
- Transfer from Punta Arenas (city or airport) to Puerto Natales: $267
- Private Transfer from Punta Arenas Port to Punta Arenas hotels: $64
- Punta Arenas Airport (PUQ) to Punta Arenas - Arrival Transfer: $49
- Private Transfer Punta Arenas Airport to/from Punta Arenas: $33
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 $21Punta Arenas $21
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
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.
- City Tour y Canal de Panamá: $35
- #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 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 5 Hours Tour to Monkey Island Embera community Gamboa Panama: $165
- 5-Hour Tour in Agua Clara New Locks: $100
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
- Fort Bulnes cruises: $70
- Full day Torres del Paine from Punta Arenas ,Regular tours: $180
- King Penguin & Tierra del Fuego Tour: $145
- King Penguin & Tierra del Fuego Tour: $145
- Magallanes Forest and Club Andino Tour from Punta Arenas: $290
- Magallanes Reserva and City Tour. Private Shore Excursion.: $158
- Magdalena Island Penguin Tour by Boat from Punta Arenas: $153
- Mountain Bike Adventure in Punta Arenas: $192
- Pali Aike Full-Day Adventure from Punta Arenas: $300
- Private City Cruise Tour: $225
- Private Half Day Punta Arenas City Tour From the Hotel only: $250
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$7.34
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.