Which place is cheaper, Panama City or Puerto Iguazu?
These are the overall average travel costs for the two destinations.
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Should you visit Puerto Iguazu or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Puerto Iguazu or Panama City? This is a common question asked by many travelers. By figuring out which city has activities that align with your interests along with knowing which is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the details and the data, which all comes from actual travelers.
Where Should I go: Puerto Iguazu or Panama City?
Puerto Iguazu
Puerto Iguazu is located in the northeastern part of Argentina at the border with Paraguay and Brazil. It is a tourist city and travel destination because of its close proximity to Iguazu Falls, which is only 18 kilometers away. Much of the city's infrastructure has grown to maintain the tourist crowds that come to see the falls. The town itself has a population of slightly over 80,000.
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 Tours for Seniors to Argentina, The Best One Week (7-Day) Tours in Argentina, The Best 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayPuerto Iguazu $8.20Panama City $86
The average daily cost (per person) in Puerto Iguazu is $8.20, while the average daily cost in Panama City is $86. 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 Puerto Iguazu and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personPuerto Iguazu $3.26Panama City $35
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Accommodation Typical double-occupancy roomPuerto Iguazu $6.52Panama City $70
Compare Hotels in Puerto Iguazu and Panama City
Looking for a hotel in Puerto Iguazu 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: Puerto Iguazu Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Puerto Iguazu $2.52Panama City $11
Hired Cars and Shuttles in Puerto Iguazu
Also for Puerto Iguazu, here are a few examples of actual transportation services:
- Transfer In + Transfer Out IGR Airport Puerto Iguazú Hotels Selva de Iryapu: $145
- Puerto Iguazú Combo: Iguazu Falls 2 Day Tours + transfers: $98
- Iguazu Falls Saver Package! Both sides excursions & transfers : $79
- Argentine and Brazilian Falls with transfers: $57
- Iguazú Falls Brazil & Argentina 3-Day In-Out Transfers: $52
- Transfer from Iguazú Airport to hotels on the Argentine side: $15
- Iguazu Falls Argentina Airport Roundtrip Transfer to Hotels: $13
- One-Way or Round Trip Airport Transfer: $11
- Puerto Iguazu Airport Shuttle Transfer: $8.34
- One-Way or Round Trip Airport Transfer: $8.00
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfers Airport - Hotels Riu Playa Blanca, Decameron, Bijao, Playa Blanca: $70
- Transfers: $37
- Transfer to Panama City, Hotel and City tour - 1 night: $266
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private minivan from Playa Bonita to Panama Tocumen Airport: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Bonita: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from PTY Airport or Panama City to Playa Blanca and Back: $77
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Transfer Panama Airport- Colon Cruise Terminal: $90
Is it cheaper to fly into Puerto Iguazu or Panama City?
Prices for flights to both Panama City and Puerto Iguazu 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 dayPuerto Iguazu $3.01Panama City $21
Food Tours and Cooking Classes in Puerto Iguazu
For Puerto Iguazu, here are some samples of tours and activities related to meals and dining experiences:
- Iguazu Falls: The Argentine Experience Interactive Dinner: $59
- Argentine Experience: Immersive Dinner & Wine Pairing in Iguazú: $60
- Puerto Iguazú: Madero Tango Show with Optional Dinner: $76
- Experience Guamini Mision Dinner and Tango Show Selva Iriapu Hotels Exclusive: $110
- Rafain Steakhouse Dinner & Show: $117
- Dinner Show Rafain Steakhouse Gran Meliá Hotel Exclusive - Private Tour: $120
- Dinner Show Rafain Steakhouse from Puerto Iguazú Hotels Private Tour: $120
- From Foz do Iguaçu: Madero Tango with dinner: $123
- Foz do Iguaçu: Argentinean Cooking Class: $135
- Experience Guamini Mision Dinner and Tango Show Gran Meliá Iguazú Exclusive: $145
- Dinner Tango Show in Iguazú Falls: $145
- Churrascaria Rafain - Show and Dinner : $150
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.Puerto Iguazu $2.69Panama City $66
Tours and Activities in Puerto Iguazu
For Puerto Iguazu, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 3hr Experience Learning to Make an Argentine Asado: $150
- Adventure at the Iguazú Fly Park: $80
- Argentina Iguazu Falls Bus Tour: $93
- Argentina: Full-Day Iguazu Falls and Great Adventure Tour: $144
- Argentine Falls Full-Day Guided Tour One of the 7 Wonders of the World: $31
- Argentinean Falls with Gran Aventura Boat Tour: $227
- Argentinian Iguazu Falls Full Day Tour: $31
- Bird Park & Iguassu Brazilian Side From Puerto Iguazú Hotels - Private Tour: $120
- Brazilian Side of Iguazu Falls Half-Day Sightseeing Tour : $41
- Brazilian Side of Iguazu Falls Tour from Puerto Iguazu: $55
- Brazilian Side of the Falls - All Tickets Included: $67
- City Tour Puerto Iguazú Gran Meliá Iguazú Exclusivo: $135
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
Alcohol
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Alcohol Drinks for one dayPuerto Iguazu $1.29Panama City $18
When we compare the travel costs of actual travelers between Puerto Iguazu and Panama City, we can see that Panama City is more expensive. And not only is Puerto Iguazu much less expensive, but it is actually a significantly cheaper destination. Since Puerto Iguazu is in South America 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 Puerto Iguazu would let you spend less money overall. Or, you could decide to spend more money in Puerto Iguazu 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 Puerto Iguazu.
If you're trying to decide if either of these two destinations are within your price range, also see Is Puerto Iguazu Expensive? and Is Panama City Expensive?.
Which is Bigger, Puerto Iguazu or Panama City?
Panama City has a larger population, and is about 10 times larger than the population of Puerto Iguazu. When comparing the sizes of Puerto Iguazu 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.