Which place is cheaper, Panama City or Quito?
These are the overall average travel costs for the two destinations.
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Should you visit Quito or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Quito 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: Quito or Panama City?
Quito
Nestled between two mountain ranges lies the world's highest capital city, Quito, Ecuador. For history lovers, Quito is a very desirable destination as it's home to the Quito Historic Center – one of the largest and best-preserved historic centers in the Americas.
Even though Quito is full of people – in fact, it's the second most populous city in the country – very few of its inhabitants speak English. Luckily, however, the citizens of Quito tend to speak a slower and more clear Spanish than surrounding areas. This is the perfect place to practice what you read in your Intro to Spanish book.
Before visiting Quito, there are a few things to keep in mind. First, give yourself a few days to grow accustomed to the elevation. Staying 9,350 feet above sea level takes some getting used to. Second, don't be fooled into thinking that just because you're visiting a town on the equator that you'll need all your summer clothes. Because of the city's elevation, the area keeps a relatively cool climate year round.
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 Adventure Tours to Ecuador, The Best Eco Tours in Ecuador, 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 dayQuito $52Panama City $86
The average daily cost (per person) in Quito is $52, 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 Quito and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personQuito $22Panama City $35
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Accommodation Typical double-occupancy roomQuito $44Panama City $70
Compare Hotels in Quito and Panama City
Looking for a hotel in Quito 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: Quito Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Quito $6.99Panama City $11
Typical Local Transportation Prices in Quito
Below are a few samples from actual travelers for transportation costs in Quito:
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Taxi from Bus Terminal to Hotel$10
Hired Cars and Shuttles in Quito
Some specific examples of transportation prices in Quito:
- Private Transpor for tours, transfers, visits, etc, for 8 hours: $165
- From Quilotoa Lake Private Tour with Transfer & Lunch: $145
- From Mindo Cloud Forest Day Trip with Transfer: $119
- Transfer In & Out from Quito: $100
- Transfer to Mashpi Reserve one way : $99
- Private City Tour & Intiñam Museum Visit w/ Transfer: $94
- Private Transfer from Quito to Baños or Baños to Quito (one way): $90
- Transfer in and Transfer out: $75
- Private Transfer Hotels in Quito to Mariscal Sucre Int. Airport: $70
- Private Transfers Quito to Tena: $65
- Quito Airport (UIO) to Quito hotels - Round-Trip Private Transfer: $61
- Private Transfer In from International Airport Mariscal Sucre to Quito : $60
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- PTY Tocumen Airport Private Transfer One Way or Round Trip!: $45
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $57
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $127
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- Embera Indian Village Tour w/ Airport Transfer: $290
- Guided Panama Canal & City Tour with Transfers: $65
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Historic District and Canal Tour with Transfer: $65
- One-Way or Round-Trip PTY Airport Transfer: $47
- Shopping at Albrook Mall & Round-Trip Transfer: $36
Is it cheaper to fly into Quito or Panama City?
Prices for flights to both Panama City and Quito 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 dayQuito $20Panama City $21
Food Tours and Cooking Classes in Quito
Also, here are some specific examples of food and dining related activities in Quito.
- Old Town Highlights & Food Tour: $35
- 3 Hours Local Food Tour in Quito: $39
- Guilty Pleasures Walking Food Tours in Quito: $45
- Cooking class In-home space: $75
- Homemade Local Food Tour in Guayaquil: $80
- Cooking Class in Quito with Chef, Market Tour and Transportation: $88
- Jacchigua Show Including Dinner + Transfer: $92
- Ecuadorian Cooking Class and Local Market Tour: $114
- Ecuadorian Cooking Classes Rooftop (English): $120
- Premium Cooking Class Quito Tour: $130
- Quito Private & All Inclusive Cooking Class with Certified Chef: $235
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.Quito $16Panama City $66
Typical Entertainment Prices in Quito
Here are a few typical costs in Quito for activities, ticket prices, and tours that come from previous visitors:
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Entrance to Guyasimine Museum for Two$8.00
Tours and Activities in Quito
Here are a few actual costs in Quito for available activities, ticket prices, and tours:
- Flavors, Colors and History of Quito Private Tour: $185
- Otavalo Market Private Sightseeing and Surroundings: $110
- Tour Full-Day Mercado de Otavalo + Cotacachi, Ecuador.: $130
- 2-Day Private Tour from Quito:Baños and Quilotoa Lagoon: $329
- 2-Day Private Tour to Otavalo Market, Cuicocha Lake, Peguche and Condor´s Park: $295
- 2-Day Tour of Cotopaxi Volcano and Quilotoa Lagoon with hotel: $222
- 2-day Quilotoa Lagoon and the adventure city of Baños: $265
- 3-Day Andes Adventure Visiting Cotopaxi, Quilotoa and Baños: $239
- 3-Days Andes & Amazon | Tour From Quito: $852
- 8 Hours Mindo Cloud Forest Tour from Quito : $100
- Adventure in Quilotoa Lagoon by Lead: $150
- All Included Antisana Reserve Condors Andean Wildlife Day Tour : $198
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Bar tour in El Cangrejo with Bar Hopping Panama: $20
- Tour de bares en El Cangrejo con Bar Hopping Panama: $20
- POIN The Edge Experience: $27
- POIN Glass Viewpoint Experience: $27
- POIN Swing Experience: $27
- Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Panama City Bike Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
Alcohol
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Alcohol Drinks for one dayQuito $17Panama City $18
Typical Alcohol Prices in Quito
Here are a few samples of the prices for alcohol and nightlife in Quito from other travelers:
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Beers for Two$9.00
When we compare the travel costs of actual travelers between Quito and Panama City, we can see that Panama City is more expensive. And not only is Quito much less expensive, but it is actually a significantly cheaper destination. Since Quito 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 Quito would let you spend less money overall. Or, you could decide to spend more money in Quito 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 Quito.
If you're trying to decide if either of these two destinations are within your price range, also see Is Quito Expensive? and Is Panama City Expensive?.
Which is Bigger, Quito or Panama City?
Quito has a larger population, and is about 3 times larger than the population of Panama City. When comparing the sizes of Quito 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.