Which place is cheaper, Panama City or Rio de Janeiro?
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 Rio de Janeiro or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Trying to figure out where to travel next? This travel comparison between Rio de Janeiro and Panama City can help. It includes a travel cost comparison in addition to other factors. For many travelers, the cost of a destination is a primary consideration when choosing where to go.
Where Should I go: Rio de Janeiro or Panama City?
Rio de Janeiro
Rio de Janeiro is the most popular travel destination in Brazil. It is the second largest city in Brazil and the sixth largest in the Americas. A portion of the city has been designated a World Heritage Site. It's also famous for Carnival, it's gorgeous beaches, and world-famous landmarks. Rio's appeal as a travel destination is apparent year round due to the great weather and plenty of fun activities. The city has a wonderful natural harbor that is surrounded by Sugar Loaf Mountain, Corcovado Peak, and the hills of Tijuca, creating an absolutely breathtaking and awe-inspiring setting.
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 Jungle Trekking Tours in Brazil, The Best Luxury Tours to Brazil, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Rio de Janeiro Prices
Brazil PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayRio de Janeiro $118Panama City $102
The average daily cost (per person) in Rio de Janeiro is $118, 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 Rio de Janeiro and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personRio de Janeiro $65Panama City $35
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Accommodation Typical double-occupancy roomRio de Janeiro $130Panama City $70
Compare Hotels in Rio de Janeiro and Panama City
Looking for a hotel in Rio de Janeiro 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: Rio de Janeiro Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Rio de Janeiro $7.83Panama City $11
Typical Local Transportation Prices in Rio de Janeiro
Here are some examples of typical transportation prices from actual travelers in Rio de Janeiro:
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Taxi Ride$2.88
Hired Cars and Shuttles in Rio de Janeiro
Some specific examples of transportation prices in Rio de Janeiro:
- Private Departure Transfer from Rio de Janeiro to RIOgaleão - Tom Jobim Airport: $294
- TRANSFER ISLAND GRANDE Ground Transportation + Fast Boat: $292
- Private Transfer | Round Trip: $250
- Museum of Tomorrow - | Round Trip Transfer + 2 Tickets: $250
- Rio Art Museum | Round Trip Transfer + 2 Tickets: $250
- Transfer service from / to Rio de Janeiro / Paraty: $248
- Private transfer from Rio de Janeiro x Angra dos Reis (4 max): $246
- Transfer Airports RJ x Hotel Fasano Angra: $246
- TRANSFER - CLUB MED Rio: $244
- Original Historic Coffee Farm Guided Tour with Transfer: $220
- Private Transfer Bilingual Rio X Armor of Búzios: $204
- Buzios Private Transfer to and from Rio de Janeiro: $200
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $75
- Arrival Private Transfer Panama PTY Airport to Playa Bonita: $84
- Panama 2 days / 1 night : hotel, transfers and city tour: $278
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $23
- Panama Airport (PTY) to Playa Blanca Round-Trip Private Transfer: $153
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $64
- Panama City Private Departure Transfer: $42
- Panama One Way Transfer: Van from Tocumen Airport to Panama City: $83
- Panama Private Airport/Port/Hotel Transfer Service: $28
- Panama Tocumen Airport (PTY) to Colón - Arrival Private Transfer: $74
- Panama Tocumen Airport (PTY) to Playa Blanca - Private Transfer: $77
- Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $102
Is it cheaper to fly into Rio de Janeiro or Panama City?
Prices for flights to both Panama City and Rio de Janeiro 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 dayRio de Janeiro $34Panama City $36
Typical Food Prices in Rio de Janeiro
Below are a few samples from actual travelers for food and meal costs in Rio de Janeiro:
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Popcorn$0.58
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Corn on the Cob$0.77
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Hamburger$0.96
Food Tours and Cooking Classes in Rio de Janeiro
Also, here are some specific examples of food and dining related activities in Rio de Janeiro.
- Rio de Janeiro Market Food Tour and Local Tasting Experience: $69
- Guided Dinner in Rio at a Restaurant of Your Choice: $70
- Rio de Janeiro Street Food Tour With A Local Guide: $79
- Rio: Copacabana Food Tour with 7 Tastings and Local Flavors: $81
- Roxy Dinner Show: That Embrace Show: $81
- Hands-On Cooking Class in Rio: Iconic Street Foods & Caipirinhas: $85
- Rio Roots Food Tour with 12+ Tastings: $89
- Food Tour Rio de Janeiro - The Best Typical Brazilian Dishes: $92
- Cooking Class in Rio with 9 Recipes & Unlimited Caipirinhas: $95
- Roxy Show - Brazilian Rhythms with optional Barbecue Dinner: $105
- Ginga Tropical Folklore Show with Optional Dinner and Transfers: $107
- Brazilian Dinner Show: Cultural Experience in Rio de Janeiro: $115
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:
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- Panamanian Dinner and Folkloric Show - All Inclusive Experience: $70
- Panama City by Night: Rooftop Skyline, Dinner & Folklore Show: $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
- Embera Village Cooking Class Experience in Chagres National Park: $125
- The Real Panamanian Private Food Tour through Panama City: $245
Entertainment
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Entertainment Entrance tickets, shows, etc.Rio de Janeiro $21Panama City $66
Tours and Activities in Rio de Janeiro
Here are a few actual costs in Rio de Janeiro for available activities, ticket prices, and tours:
- 1 Day Discovery Tour NO Rio DE Janeiro: $69
- 1 day tour Rio de Janeiro to Christ and Cable car and much more: $123
- 2 Day Tour from Rio de Janeiro, Corcovado and Arraial do Cabo: $206
- 2 Days Tour in City Tour Express and Arraial do Cabo: $194
- 3 Hour Rocinha Favela Walking Tour with a Local Guide: $48
- 4-Hour Guided Kayak Experience in Rio de Janeiro: $75
- 4-Hour Private Guided Tour in Rio de Janeiro: $95
- 4-hour Sum-up Of Rio de Janeiro "Private Tour" – Optional Airport & Port Pick-up: $149
- 4x4 Jeep Jungle Tour Rio de Janeiro: $52
- 5-Hour Rio's Essential Sights: Private Tour – Optional Airport & Port Pick-ups: $154
- 8 Hour Private Tour by Car in Rio de Janeiro: $276
- 8-hour Rio Overview Private Tour optional Airport, Port Pickups: $231
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- Archaeological Site. Admission ticket to Panama La Vieja: $15
- Private Historic Tour of the Old Town: $15
- Panama Chocolate Factory Experience and Tasting: $19
- Sunset Bike Tour/ Cinta Costera Casco Viejo by Paradox Experience: $22
- Casco Viejo a Panama's Hidden Treasures Walking Tour: $24
- Spanish Experience in Panama City: $25
- Panama City Must-see Attractions Walking Tour with a Guide: $26
- Rum & Chocolate Pairing: The Casa Baru Experience Casco Viejo: $28
- Monkey and Sloth Jungle Habitat Panama Tour: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Panama City : Custom Walking Tour with A Guide (Private Tour): $34
- Panama Viejo UNESCO Ruins Tour | The Original Panama City: $35
Alcohol
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Alcohol Drinks for one dayRio de Janeiro $12Panama City $18
Sample the Local Flavors in Rio de Janeiro
Here are a few nightlife and alcohol tours and activities from local tour providers in Rio de Janeiro:
- Lapa by Night: Samba, Cachaça & The Ultimate Rio Pub Crawl: $30
- Petropolis City Tour with Imperial Museum and Optional Lunch & Bohemia Brewery: $47
- Rio Pub Crawl with Caipirinhas & Bar Bites: $95
- Petrópolis City and Brewery Bohemia Tour - Best of Rio's Mountains: $110
- Rio: Sitio Burle Marx and Cachaça Distillery Private Tour: $182
When we compare the travel costs of actual travelers between Rio de Janeiro and Panama City, we can see that Rio de Janeiro is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Rio de Janeiro 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 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 Rio de Janeiro would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Rio de Janeiro 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 Rio de Janeiro Expensive? and Is Panama City Expensive?.
Which is Bigger, Rio de Janeiro or Panama City?
Rio de Janeiro has a larger population, and is about 10 times larger than the population of Panama City. When comparing the sizes of Rio de Janeiro 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.