Which place is cheaper, Panama City or Taipei?
These are the overall average travel costs for the two destinations.
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Should you visit Taipei or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Which city should you visit? Read on to compare the activities as well as the prices of travel for Taipei and Panama City. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.
Where Should I go: Taipei or Panama City?
Taipei
Few cities in the world are full of more diverse opportunities than the cultural crosshairs city of Taipei. As the capital of Taiwan, this 300-year-old city is the financial, cultural and governmental center of Taiwan. Located in the northern part of the island between the Yangming Mountains and Central Mountains, this city of 2.6 million people is always ready to welcome more visitors.
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 Cultural Tours in Taiwan, The Best Tours for Seniors to Taiwan, 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 dayTaipei $182Panama City $86
The average daily cost (per person) in Taipei is $182, 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 Taipei and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personTaipei $146Panama City $35
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Accommodation Typical double-occupancy roomTaipei $292Panama City $70
Compare Hotels in Taipei and Panama City
Looking for a hotel in Taipei 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: Taipei Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Taipei $10Panama City $11
Typical Local Transportation Prices in Taipei
Here are some examples of typical transportation prices from actual travelers in Taipei:
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Easycard$2.01
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Easycard$9.29
Hired Cars and Shuttles in Taipei
Also for Taipei, here are a few examples of actual transportation services:
- Bruns 9 seater, charter tour, business transfer, airport transfer, round-the-island charter tour: $299
- Modern nine-seater, Taiwan chartered tour, chartered day trip, round-the-island chartered car, airport transfer, hotel pick-up service: $254
- Luxury Chartered Private Transfer Taoyuan Airport to Taipei City: $140
- Private Transfer from Taoyuan Intl Airport to Taoyuan or Taipei city: $126
- Taiwan Taoyuan Airport (TPE) to Keelung Cruise Port - RoundTrip Private Transfer: $116
- Taoyuan airport to Yilan Private Transfer: $115
- Private Transfer from Taipei Taoyuan Airport(TPE) to Hualien Port: $103
- Taipei Private Transfer: Keelung Cruise Port to Hotel: $85
- Taipei Taoyuan Airport TPE to Beitou New Taipei Arrival Transfer: $77
- Private Transfer from Taipei Taoyuan Airport TPE to Taichung Port: $63
- Taipei Arrival Private Transfer: Taoyuan International Airport to Hotel: $55
- Taipei Departure Private Transfer: Hotel to Taoyuan International Airport: $55
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfers from PTY Airport to Playa Bonita or Gamboa and Back: $33
- 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 vehicle from Panamá Tocumen Airport to Playa Bonita: $48
- 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 Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from PTY Airport or Panama City to Playa Blanca and Back: $77
- Transfer from PTY Airport or Panama City to Cruise Terminal: $30
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen Airport to Panama City Hotels.: $25
Is it cheaper to fly into Taipei or Panama City?
Prices for flights to both Panama City and Taipei 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 dayTaipei $16Panama City $21
Typical Food Prices in Taipei
For Taipei, here are some examples of average food and meal prices for travelers:
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EasyCard$15
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Lunch at The Can$6.81
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EasyCard$31
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Lunch$2.94
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Lunch$1.86
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Dinner$6.19
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Lunch$3.56
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Lunch$4.65
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Louisa coffee$2.94
Food Tours and Cooking Classes in Taipei
For Taipei, here are some samples of tours and activities related to meals and dining experiences:
- Historic Night Market Food Tour with Tastings: $45
- Ximending Vegan Food Tour Snack, Dessert & Main!: $46
- Taipei Food Tour: Yongkang Street for Foodies: $58
- Yansan Night Market Food Tour: $62
- Turnip cake, Pork thick soup, Tofu pudding. Taiwan Traditional Light Meals Experience-C (Taipei Cooking Class): $65
- Taipei Food Tour and Colorful Bubble Tea Making: $65
- Xiao Long Bao, Pork thick soup, Bubble milk tea. Taiwan Traditional Light Meals Experience-B (Taipei Cooking Class): $65
- Taipei Food Tour and Colorful Bubble Tea Making: $70
- Pineapple Pastry with Egg Yolk, Longan Cake, High Mountain Oolong Tea. Taiwan Traditional Dessert Experience-D (Taipei Cooking Class): $70
- Private Food Tour – 10 Tastings with Locals: $74
- Backstreet Food Tour: Food, Culture, and Fun: $75
- Xiao Long Bao, Chicken vermicelli with mushroom and sesame oil, Tofu strips salad, Bubble milk tea. Taiwan Traditional Delicacies Experience-A (Taipei Cooking Class): $77
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:
- 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.Taipei $17Panama City $66
Tours and Activities in Taipei
For Taipei, here are a few prices for actual activities, tours, and tickets provided by various companies:
- 9 Hour Northeast Coast Bay View Tour in Yilan : $58
- One-Day Historical and Heritage Tour in Taipei : $47
- 1 Day Tour Northern Taiwan Coast Tour: $200
- 1-day Tour to Sun Moon Lake from Taipei by High Speed Rail : $250
- 2 Days Sun Moon Lake & Lukang Historic Area Tour: $232
- 2-Day Private Tour to Sun Moon Lake and Mount Hehuan: $195
- 2-Hour Private Walking Tour in Beitou, Taiwan: $55
- 2-Hour Private Ximending Area Walking Tour: $35
- 2-Hour Vegetarian Private Walking Tour - S.Y.S. Memorial Hall & 44 South Village: $58
- 2-Hour Vegetarian Private Walking Tour - Xingtian Temple: $55
- 3-hour Vegetarian Private Walking Tour - Songshan distric & taste lotus hot pot: $77
- 3.5 hours Taipei City Tour (morning or afternoon ) : $44
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- #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 Hour Airport Tour from Tocumen: $125
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 4-Hour Gatun Lake Boat Tour and Jungle Wildlife: $99
- 5-Hour Tour to Miraflores Locks and Sloth Sanctuary: $140
Alcohol
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Alcohol Drinks for one dayTaipei $18Panama City $18
Sample the Local Flavors in Taipei
Here are a few nightlife and alcohol tours and activities from local tour providers in Taipei:
- Taipei Nightlife: Taipei Pub Crawls (2 Different Routes): $30
- Private Tour to Yilan Kavalan Whisky Distillery: $130
- Private Tour Yilan Kavalan Whisky Distillery from Taipei : $207
When we compare the travel costs of actual travelers between Taipei and Panama City, we can see that Taipei is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Taipei is in Asia 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 Taipei would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Taipei 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 Taipei Expensive? and Is Panama City Expensive?.
Which is Bigger, Taipei or Panama City?
Taipei has a larger population, and is about 20 times larger than the population of Panama City. When comparing the sizes of Taipei 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.