Which place is cheaper, Boquete or Reykjavik?
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 Reykjavik or Boquete?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Reykjavik or Boquete, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Reykjavik or Boquete?
Reykjavik
Reykjavik is the capital and largest city in the country of Iceland. The city is where the vast majority of the country's population resides and the urban area has about 200,000 residents. The city is sprawling, with a large area covered in suburbs. The the city center is quite compact, with many interesting and colorful houses. There are a lot of things that attract tourists to this city, including an interesting culture and history as well as plenty of shopping and dining opportunities.
Boquete
Boquete is a village located in the pacific west of Panama. This town very recently became an attractive destination for tourists and expatriates. Before the early 2000's, it was a quiet town hidden away in the mountains with very little tourism. After the development of Valle Escondido, which is a largely residential area, many North Americans flocked to this town and an expat community developed. Boquete is known for it's near perfect year round temperature of about seventy degrees Fahrenheit, beautiful untouched nature, and world renowned coffee.
For some great organized tour ideas, see The Best Budget Tours to Iceland, The Best Tours for Seniors to Iceland, The Best One-Week (7-Day) Tours from Panama City, and The Best 2-Week Tours from Panama City.
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Reykjavik Prices
Iceland PricesBoquete Prices
Panama Prices -
Average Daily Cost Per person, per dayReykjavik $304Boquete $67
The average daily cost (per person) in Reykjavik is $304, while the average daily cost in Boquete is $67. 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 Reykjavik and Boquete in more detail.
Accommodation
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Accommodation Hotel or hostel for one personReykjavik $158Boquete $22
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Accommodation Typical double-occupancy roomReykjavik $316Boquete $44
Compare Hotels in Reykjavik and Boquete
Looking for a hotel in Reykjavik or Boquete? 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: Reykjavik Hotel Prices and Boquete Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Reykjavik $52Boquete $5.22
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- From Reykjavik/Keflavik Airport: 1-Way Blue Lagoon Transfer: $31
- Keflavik Airport (KEF): Bus Transfer to/from Reykjavik: $38
- Reykjavik/Keflavik: Sky Lagoon Private Transfer: $47
- Airport Transfer: Keflavik Airport (KEF) to Reykjavik Hotels: $52
- Iceland Airport Transfer from Reykjavík Hotels to KEF Airport: $52
- From Reykjavík: Private Transfer From OR To Blue Lagoon: $59
- Roundtrip Bus Transfer to the Blue Lagoon: $59
- Reykjavik - Westman Islands (Bus transfer to Landeyjahöfn): $60
- Blue Lagoon Return Bus Transfer from Reykjavik: $60
- Reykjavik Airport (RKV) to Skálafell - Arrival Private Transfer: $62
- Reykjavik Airport (RKV) to Bláfjöll - Arrival Private Transfer: $62
- Reykjavik - Westman Islands (Bus transfer to Landeyjahöfn): $70
Hired Cars and Shuttles in Boquete
Some specific examples of transportation prices in Boquete:
- Private transfer from Boquete to Bocas del Toro: $165
Is it cheaper to fly into Reykjavik or Boquete?
Prices for flights to both Boquete and Reykjavik 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 dayReykjavik $59Boquete $32
Typical Food Prices in Reykjavik
For Reykjavik, here are some examples of average food and meal prices for travelers:
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Dinner (Fish Market)$202
Food Tours and Cooking Classes in Reykjavik
For Reykjavik, here are some samples of tours and activities related to meals and dining experiences:
- Harbor Cruise with 3-Course Dinner: $137
- Harbor Cruise with Three Course Dinner from Reykjavik: $139
- Food Tour by locals: $140
- Authentic Reykjavik Food Tour with Flea Market Delights: $146
- Icelandic Food Tour: $147
- The Reykjavik Harbor Food Tour: $147
- 3-Hour Shared Christmas Food Tour with Guide in Reykjavik: $149
- Food Tour with 6+ Tastings of Icelandic Classics: $154
- The Reykjavik Christmas Food Tour: $171
- Christmas Food Tour with Tastings and Drinks: $171
- Private Reykjavik Christmas Food Tour: $241
- Private Vegetarian Reykjavik Food Tour: $241
Entertainment
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Entertainment Entrance tickets, shows, etc.Reykjavik $82Boquete $17
Typical Entertainment Prices in Reykjavik
Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:
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Art Museum$12
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Wine and Spa$33
Tours and Activities in Reykjavik
For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Reykjavík Interactive City Tour: $8.29
- A Self-Guided Thingvellir National Park Walking Tour: $8.99
- Viking Reykjavik GPS App Walking Tour Mobile Game: $11
- Reykjavik History and Sightseeing Walking Tour: $16
- Caves of Laugarvatn Standard Tour: $17
- Reykjavík: National Museum of Iceland Entry Ticket: $21
- Reykjavik Art Museum Entry Ticket: $21
- Volcano Express Entry Ticket at Harpa: $24
- Mosfellsbæ: Authentic Icelandic Wool Yarn Factory Tour: $26
- Icelandic Phallological Museum Entry Ticket: $29
- Private audio guide of the island for self-exploration tour: $30
- Saga Museum - Entrance ticket: $32
Tours and Activities in Boquete
Some specific costs of activities, tours, and entrance tickets for Boquete are as follows:
- Ancestral Coffee Experience in Boquete: $55
- Boquete Adventure - E-Bike Tour (2 hrs.) (2 Person Min.): $55
- Boquete Panoramic Tour: $200
- Boquete Rock climbing tour: $80
- Cangilones Mini Canyons Tour: $38
- Cloud Forest Wildlife Hike Tour: $36
- Family Tour (Experiences in caldera): $85
- Guided E-Bike Panoramic Tour: $75
- Guided Hike and Coffee Farm Tour with Tasting: $99
- Hands-On Coffee Experience with Tasting: $40
- Chasing Waterfalls Adventure in Boquete: $100
- Coffee Tasting Experience-Los Molinos Hotel-Panama's Top Product: $25
Alcohol
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Alcohol Drinks for one dayReykjavik $32Boquete $4.45
Typical Alcohol Prices in Reykjavik
Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:
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Beer$9.98
Sample the Local Flavors in Reykjavik
Some specific costs for nightlife related activities in Reykjavik:
- Eimverk Distillery Guided Tour with Tasting: $48
- Craft Beer and Brewery Tour in Iceland: $49
- Icelandic Bar Crawl Experience: $162
When we compare the travel costs of actual travelers between Reykjavik and Boquete, we can see that Reykjavik is more expensive. And not only is Boquete much less expensive, but it is actually a significantly cheaper destination. Since Reykjavik is in Europe and Boquete 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 Boquete would let you spend less money overall. Or, you could decide to spend more money in Boquete 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 Reykjavik would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Reykjavik than you might in Boquete.
If you're trying to decide if either of these two destinations are within your price range, also see Is Reykjavik Expensive? and Is Boquete Expensive?.
Which is Bigger, Reykjavik or Boquete?
Reykjavik has a larger population, and is about 20 times larger than the population of Boquete. When comparing the sizes of Reykjavik and Boquete, 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.