Which place is cheaper, Santiago 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 Santiago?
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 Santiago can help you decide which place is right for you.
Where Should I go: Panama City or Santiago?
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.
Santiago
Santiago is the capital city of Chile. It is centrally located in the long and narrow country, making it a good jumping off point to explore everywhere else. It's convenient location means that you can go skiing in the Andes one day, and hang out at the beach the next.
Santiago has a cool semi-arid climate that is similar to Mediterranean climates. The summers, which are between November and March, are warm and dry. The temperatures climb to around 95 degrees Fahrenheit. The winters, between June and August, are humid with cold mornings. The daily highs are around 55 degrees Fahrenheit and the lows stay a few degrees above freezing. Rain is more common in the winter months and the dry season is between December and March.
For some great organized tour ideas, see The Best Budget Tours to Panama, The Best One-Week (7-Day) Tours from Panama City, The Best One Week (7-Day) Tours in Chile, and The Best 2-Week Tours in Chile.
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Panama City Prices
Panama PricesSantiago Prices
Chile Prices -
Average Daily Cost Per person, per dayPanama City $101Santiago $155
The average daily cost (per person) in Panama City is $101, while the average daily cost in Santiago is $155. 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 Santiago in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPanama City $35Santiago $113
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Accommodation Typical double-occupancy roomPanama City $70Santiago $226
Compare Hotels in Panama City and Santiago
Looking for a hotel in Panama City or Santiago? 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 Santiago Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Panama City $11Santiago $5.59
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Private Departure Transfer to Panama City Airport (PTY): $13
- Private transfer from airport to hotels in Panama City: $15
- Private Transfer to Panama City Airport (PTY): $15
- Private Transfer Airport PTY to/from Panama City: $17
- Private Airport Transfer PTY to Panama City or Playa Blanca: $18
- Private Transfer from Tocumen Airport to Panama City: $19
- Private One-way Airport Transfer from Panamá to Tocumen Airport: $19
- Private One-way Airport Transfer from Tocumen Airport to Panamá: $19
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Private transfer Panama City - Fort Amador Cruise Terminal: $20
- VIP Transfer Panama: Playa Bonita, Panama City & Pacific Riviera: $20
- Private Airport Transfer: $23
Typical Local Transportation Prices in Santiago
Below are a few samples from actual travelers for transportation costs in Santiago:
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Metro Ride$1.17
Hired Cars and Shuttles in Santiago
Some specific examples of transportation prices in Santiago:
- Private Scenic Transfer to Mendoza.: $467
- Airport Transfer and Halfday City tour Santiago de Chile: $362
- Private Santiago, Visit Santa Rita Winery and Transfer to Hotel: $300
- Clos Apalta Winery - Tour with Private Transfer: $300
- Private Transfer to Ski Centers: $299
- Transfer Private hotel to Cruise ship in Puerto San Antonio or Valparaiso: $270
- Santiago de Chile: Private Transfer to San Antonio / Port: $270
- Private Transfer to Sewell UNESCO Andes Town Tour with Lunch: $269
- Maipo Valley Wine Tour, Concha y Toro, Private Transfer from Santiago: $262
- Private cruise transfer: Puerto San Antonio or Valparaíso ↔ Santiago: $260
- Private Transfer from Arturo Merino Benítez (SCL) Airport to San Antonio: $259
- Private Transfer San Antonio Cruise from Santiago to Valparaiso: $250
Is it cheaper to fly into Panama City or Santiago?
Prices for flights to both Santiago 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 $36Santiago $23
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 Ravioli Masterclass + Dinner in Panama City center: $55
- Panama City FOOD Tour: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- Street Food Tour Panama City (28+ tastings) By Paradox Experience: $95
- 4h Cooking Class in 10 Recipes & Bottomless Drinks: $95
- Embera Village Cooking Class Experience in Chagres National Park: $125
- The Real Panamanian Private Food Tour through Panama City: $245
Typical Food Prices in Santiago
Some typical examples of dining costs in Santiago are as follows:
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Empanada$1.95
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Hamburger$2.59
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Dinner$27
Food Tours and Cooking Classes in Santiago
Also, here are some specific examples of food and dining related activities in Santiago.
- Legacy Family Tour Lunch or Dinner Pairing 4 Strokes: $40
- Best Street Food Tour With A Local Guide: $56
- Lastarria Food Tour with 5 Tastings and Pisco Sour: $57
- Best Santiago Street Food Tour with 4+ Tastings and Drink: $58
- Mercado Meals Santiago Food Tour with 12+ Tastings: $59
- Mercado Meals Food Tour with 12+ Tastings: $60
- 4h Cooking Class in 8 Recipes & Bottomless Drinks: $77
- 4h Cooking Class in Santiago : 8 Recipes & Bottomless Drinks: $85
- Local Food Tour with Tastings & Drinks: $99
- Food Tour STGO, Eat like Locals!: $99
- Small-Group Tour: Night City Tour with Santa Lucia Hill and Dinner Show: $116
- Barrio Italia Food Tour with Tastings & Drinks: $119
Entertainment
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Entertainment Entrance tickets, shows, etc.Panama City $66Santiago $49
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Casco Viejo Golden Hour Rooftop Sunset Social Experience: $21
- Sunset Bike Tour/ Cinta Costera Casco Viejo by Paradox Experience: $22
- Spanish Experience in Panama City: $25
- Casco Viejo Walking Tour: History, Culture & Local Tasting: $25
- Panama City Must-see Attractions Walking Tour with a Guide: $27
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Get to know the city on board CitySightseeing Panama (24 Hours): $30
- City Tour guiado en Panamá con Canal y Casco Antiguo: $35
- Bike tour in Old City and Cinta costera with local markets: $35
- Half-Day Casco Viejo The Real City Guided with a Local Touch Tour: $35
- Panama City : Custom Walking Tour with A Guide (Private Tour): $36
- Walking tour through the Hidden treasures and gems of Casco Viejo: $36
Tours and Activities in Santiago
Some specific costs of activities, tours, and entrance tickets for Santiago are as follows:
- "Tour Tradicional" Viña Cousiño Macul Oficial portugués: $27
- 1 Day Tour of Viña Concha y Toro from Santiago: $120
- 1 Day Undurraga Vineyard Tour from Santiago: $120
- 1 Day Valparaiso and Vina del Mar Tour from Santiago: $51
- 3 Hours Santiago Blend Walking Tour: $30
- 6 Hour Tour of Culture, History and Flavors from Santiago: $75
- A Fabulous Walking tour by the Old Santiago of Chile -: $25
- A full Private Tour of Valparaiso from Santiago (Standard): $280
- Adega Montes Guided Tour with Private Transportation: $300
- Adventure in Portillo: Laguna del Inca and Mountain Picnic: $100
- An Architect's Tour of Downtown Santiago: $60
- Andean Adventure: Cajón del Maipo & El Morado Lodge and Spa: $147
Alcohol
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Alcohol Drinks for one dayPanama City $18Santiago $8.68
Sample the Local Flavors in Santiago
Also in Santiago, these are the prices for nightlife and alcohol related activities from various tour providers:
- "Chile in Your Glass" Wine Tasting.: $22
- Cousiño Macul Heritage Wine Tour with Tastings: $25
- Pub Crawl with Unlimited Beer and Welcome Shots: $25
- "Premium Wine Tour" Viña Cousiño Macul Oficial portugués: $45
- Viña del Mar, Valparaiso, with Casablanca Wine Tasting: $55
- Valparaiso, Viña del Mar & Casablanca Wine Tour: $61
- Valparaiso, Viña del Mar & Casablanca Wine Tour: $62
- Valparaíso and Vineyard of the Sea with Casablanca Wine Tasting: $68
- Undurraga Winery Tour with Entry and Wine Tasting: $70
- Viña del Mar, Valparaiso, with Wine Tasting: $75
- Valparaiso Port and Viña del Mar with Casablanca Wine Tasting: $75
- Undurraga Wine Tasting Tour from Santiago: $75
When we compare the travel costs of actual travelers between Panama City and Santiago, we can see that Santiago 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 Santiago 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 Santiago would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Santiago 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 Santiago Expensive?.
Which is Bigger, Panama City or Santiago?
Santiago has a larger population, and is about 10 times larger than the population of Panama City. When comparing the sizes of Panama City and Santiago, 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.