Which place is cheaper, Panama City or Prague?
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 Prague or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city should you visit? Read on to compare the activities as well as the prices of travel for Prague and Panama City. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
Where Should I go: Prague or Panama City?
Prague
Prague is the capital city of the Czech Republic. It is also the largest city in the country and one of the largest cities in Central Europe. Prague has long enticed travelers for its beautiful architecture, impressive bridges, detailed cathedrals, and fascinating history. Prague is unique in that is remained almost completely undamaged during World War II. The medieval city center still feels like you've stepped back in time. Despite this historic atmosphere, there is still a lot of vibrant energy and you'll find many different live music venues, art galleries, modern restaurants, and unique festivals throughout the year.
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.
For some great organized tour ideas, see The Best Budget Tours to Czech Republic, The Best Tours for Seniors to Czech Republic, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Prague Prices
Czech Republic PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayPrague $145Panama City $102
The average daily cost (per person) in Prague is $145, while the average daily cost in Panama City is $102. 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 Prague and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPrague $76Panama City $35
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Accommodation Typical double-occupancy roomPrague $152Panama City $70
Compare Hotels in Prague and Panama City
Looking for a hotel in Prague or Panama 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: Prague Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Prague $9.11Panama City $11
Hired Cars and Shuttles in Prague
Some specific examples of transportation prices in Prague:
- Private Transfer to Budapest with Bratislava 2h Stop: $651
- Private transfer to Berlin or Prague to Berlin: $477
- Private Transfer from Prague to Salzburg with 2h of Sightseeing, Local Driver: $300
- Private Transfer from Prague to Vienna with 2h for Sightseeing: $294
- Prague to Salzburg Private Transfer with 2 hours of Sightseeing: $290
- Prague to Munich Private Transfer with 2 hours of Sightseeing: $290
- Prague to Vienna - Private Transfer with 2 hours of Sightseeing: $288
- Private Transfer from Prague to Pilsen(Plzen): $280
- Private Transfer from Prague to Vienna with 1 hour Stop in Kutna Hora: $270
- Private Transfer from Prague to Nuremberg with 2h stop in Karlovy Vary: $260
- Scenic Private Transfer from Prague to Vienna or Vienna to Prague: $259
- From Prague to Munich Airport - Private Transfer - punctual & friendly Driver: $253
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 to Panama City Airport (PTY): $15
- Private Transfer Airport PTY to/from Panama City: $17
- 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 Panama City - Fort Amador Cruise Terminal: $20
- VIP Transfer Panama: Playa Bonita, Panama City & Pacific Riviera: $20
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $24
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $27
- Panama Private Airport/Port/Hotel Transfer Service: $28
- Safe & Comfortable Panama Airport Transfer by Travel Hop Panamá: $30
Is it cheaper to fly into Prague or Panama City?
Prices for flights to both Panama City and Prague 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 dayPrague $50Panama City $36
Typical Food Prices in Prague
Some typical examples of dining costs in Prague are as follows:
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Fruit$4.76
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Lunch for One$14
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Bananas$0.67
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Cookies$0.38
Food Tours and Cooking Classes in Prague
Also, here are some specific examples of food and dining related activities in Prague.
- Hard Rock Cafe Prague with Set Lunch or Dinner: $33
- Prague Sightseeing Boat Cruise with Buffet Dinner: $58
- Velvet Revolution Food Tour and History of Socialism: $65
- Sinatra Tribute Show and Optional Dinner with Audio Guide: $66
- Folklore Dinner with Unlimited Drinks 4course Menu: $67
- 3-Hour Prague by Night Dinner Cruise: $71
- Prague 5 Courses Medieval Dinner and Live Performances: $75
- Prague Old Town And Beer Walking Tour Including Dinner: $81
- Folkloric Dinner with Transfer: $82
- Alternative bar tour with dinner in the art district: $87
- Folklore Evening with Music and Dinner: $88
- Prague Night Tour and River Vltava Dinner Cruise: $90
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:
- 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 (25+ tastings) By Paradox Experience: $95
- 4h Cooking Class in 10 Recipes & Bottomless Drinks: $95
Entertainment
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Entertainment Entrance tickets, shows, etc.Prague $18Panama City $66
Typical Entertainment Prices in Prague
Some typical examples of activities, tours, and entrance ticket prices in Prague are as follows:
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Opera Tickets$4.76
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Two Tickets for Charles Bridge Tower$6.66
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Image Theatre for Two$46
Tours and Activities in Prague
Some specific costs of activities, tours, and entrance tickets for Prague are as follows:
- 1,5 hour oldtimer convertible Prague sightseeing tour: $235
- 2 Countries Bohemian and Saxon Switzerland tour from Prague: $135
- 2026 Best Reviews: Prague Monster Bike Tour with a Live Guide: $65
- 2hrs Unlimited Beer Pong Experience in Prague Sports Bar: $28
- 3-Hour Private Romantic Walking Tour in Prague: $176
- 3-hour Complete Prague Bike Tour: $46
- 3-hour Prague by Night Walking Tour: $71
- 3-hour Private Prague Castle Walking Tour: $165
- 3-in-one Day Tour in Prague + Ebook: $145
- 4-Hour Prague Segway & E-scooter Tour with A Local Guide: $88
- 7 BEST VIEWS - PRAGUE eBIKE TOUR: $59
- Admission Ticket to Museum of Senses in Prague: $19
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Sunset Bike Tour/ Cinta Costera Casco Viejo by Paradox Experience: $22
- Casco Viejo Walking Tour: History, Culture & Local Tasting: $25
- Spanish Experience in Panama City: $25
- Panama City Must-see Attractions Walking Tour with a Guide: $27
- 5-hour tour in Panama by a Local Guide: $29
- Private Walking Tour of Casco Antiguo: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Get to know the city on board CitySightseeing Panama (24 Hours): $30
- Panama City Walking Tour: Explore Top Sights & Hidden Gems: $30
- Half-Day Casco Viejo The Real City Guided with a Local Touch Tour: $35
- Bike tour in Old City and Cinta costera with local markets: $35
- Panama Viejo UNESCO Ruins Tour | The Original Panama City: $35
Alcohol
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Alcohol Drinks for one dayPrague $12Panama City $18
Typical Alcohol Prices in Prague
Here are a few samples of the prices for alcohol and nightlife in Prague from other travelers:
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A Bottle of Wine$7.57
Sample the Local Flavors in Prague
Also in Prague, these are the prices for nightlife and alcohol related activities from various tour providers:
- 2 Hours Wine Tasting in a Historical Cellar in Krizikova: $47
- Drunken Monkey Pub Crawl with 2hr Open Bar & Duplex Club Entry: $48
- Drunken Monkey Prague Boat Party Pub Crawl: Open Bar & Club Entry: $55
- Wine Tasting and Walking Tour of Prague: $58
- Craft Beer Tour: Try 8 Czech Beers, Brewery and Beer Garden: $61
- Prague Historic Pub Tour with Drinks Included: $64
- COUNTRY BIKE TOUR TO UNETICE BREWERY. Bike / e-Bike tour: $76
- Czech Local Wine Tasting in Grape & Sour: $82
- Bohemian Paradise Day Tour from nature, castles, brewery: $141
- Full Day Private Tour to Kutná Hora with Wine Tasting: $176
- Private Pilsen City Tour Culture History and Brewery Experience: $181
- From Private Bohemian Wine Tour & Local Delicacies: $223
When we compare the travel costs of actual travelers between Prague and Panama City, we can see that Prague is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Prague is in Europe and Panama City is in Central 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 Prague would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Prague 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 Prague Expensive? and Is Panama City Expensive?.
Which is Bigger, Prague or Panama City?
Prague has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Prague and Panama 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.