Which place is cheaper, Panama City or Riga?
These are the overall average travel costs for the two destinations.
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Should you visit Riga or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Riga 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: Riga or Panama City?
Riga
Riga is the vibrant capital city of Latvia. It continues to gain popularity as a tourist destination in part because it is the base for the airline Air Baltic. This affordable airline offers discount flights around Europe and most of these flights pass through Riga with a forced overnight layover. This encourages travelers to visit this fascinating city for at least a night or two.
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 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayRiga €104Panama City €80
The average daily cost (per person) in Riga is €104, while the average daily cost in Panama City is €80. 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 Riga and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personRiga €53Panama City €33
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Accommodation Typical double-occupancy roomRiga €106Panama City €66
Compare Hotels in Riga and Panama City
Looking for a hotel in Riga 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: Riga Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Riga €15Panama City €9.94
Hired Cars and Shuttles in Riga
Some specific examples of transportation prices in Riga:
- Riga - Tallin: Transfer and Tour through beautiful landmarks: $490
- From Private Transfer to Tallinn with Sightseeing: $462
- From Private Transfer to Vilnius with Sightseeing: $429
- From Private Transfer to Tallinn: $344
- Transfer from Riga International Airport to Downtown: $269
- From Transfer to Tallinn with Turaida Museum Reserve: $231
- From Vilnius: One-Way Private Transfer to Riga: $183
- From Cesis and Sigulda Day Trip with Hotel Transfers: $151
- Riga Private Mercedes Benz Airport Transfer: $139
- Riga Gun Experience: Roundtrip Transfer and 4 Firearms: $132
- Riga Private Mercedes Benz Airport Transfer: $108
- Private transfer Riga - Hill of Crosses - Riga: $104
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Private transfer from Panama Tocumen Airport (PTY)- Panama City: $15
- Private transfer from airport to hotels in Panama City: $15
- Panama City Private Arrival Transfer: $17
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Private Transfer from Tocumen Airport to Playa Bonita: $30
Is it cheaper to fly into Riga or Panama City?
Prices for flights to both Panama City and Riga 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 dayRiga €33Panama City €19
Typical Food Prices in Riga
Some typical examples of dining costs in Riga are as follows:
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Fast Food Lunch€5.77
Food Tours and Cooking Classes in Riga
Also, here are some specific examples of food and dining related activities in Riga.
- Central Market Latvian Food Tour: $42
- Unique Food Tour: $52
- Medieval Guided Tour & Three-Course Dinner Experience: $97
- Riga Medieval Dinner: $114
- Private Cooking Master Class In The Latvian Family : $131
- Taste Market Tour & Cooking Masterclass: $139
- Cooking Experience with Chef: Learn & Dine: $140
- Latvian Food: Cooking Masterclass with a Chef: $153
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€7.69
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 Dinner and Folkloric Show Ticket with Pickup: $60
- Panama Evening Food Tour: $60
- Panama City FOOD Tour: $65
- Night Out Experience (360 Panoramic Views + Dinner Show): $80
- 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.Riga €21Panama City €61
Tours and Activities in Riga
Some specific costs of activities, tours, and entrance tickets for Riga are as follows:
- The best of Bauska walking tour: $75
- 1 Day Riga Sightseeing Red Bus Grand Tour: $27
- 2 Day Gastronomy Tour In Latgale : $241
- 2.5-Hour Riga Cruiser Bike Tour: $41
- 5 Hour Shared Tour to Hill of Crosses from Riga: $82
- ATV Quad Off Road or City Tour in Riga: $142
- Art Nouveau Walking Tour in Riga: $65
- Baltic Treasures Tour: Hill of Crosses, Rundale & Bauska: $153
- Beer Bike Experience : $36
- Best of Riga Walking Tour: $182
- Best of Riga Walking Tour - Highlights and Hidden Gems: $66
- City:canal:tour: $22
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
- Walking Tour Metropolitan Park Panama City : $25
- POIN Swing Experience: $27
- Poin Glass Observation Deck Ticket with VR Tour: $27
- POIN The Edge Experience: $27
- Panama: Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Get to know the city aboard CitySightseeing Panama: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- walking tour in Casco Antiguo !: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
- Bike tour in Panama City and Old City with locals: $31
Alcohol
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Alcohol Drinks for one dayRiga €20Panama City €17
Sample the Local Flavors in Riga
Also in Riga, these are the prices for nightlife and alcohol related activities from various tour providers:
- Old town pub & bar crawl, hidden gems, and local party: $25
- Pub Crawl in Riga: $33
- Riga Evening Adventure: Pub Crawl & Games Night: $37
- Riga's Old Town Beer Bike Tour & Guided Pub Crawl: $38
- Riga Happy Hour Pub Crawl: $54
- Riga Beer Killer Bar Crawl: $55
- Latvian Wine Tasting & Monk Show: $75
- Old Town Sightseeing & Latvian Wine Tasting with Show: $97
- Riga Wine Tasting Session: $103
- Riga Pub Crawl & Party Bus Tour: $526
- Yacht Tour with Medieval Banquet and Wine Tasting: $3,341
When we compare the travel costs of actual travelers between Riga and Panama City, we can see that Riga is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Riga 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 Riga would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Riga 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 Riga Expensive? and Is Panama City Expensive?.
Which is Bigger, Riga or Panama City?
Riga has a larger population, and is about 82% larger than the population of Panama City. When comparing the sizes of Riga 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.