Which place is cheaper, Panama City or Tenerife?
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 Tenerife or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Tenerife or Panama City, 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: Tenerife or Panama City?
Tenerife
European tourists have long known Tenerife as a top vacation destination. Amazing beaches and a booming nightlife bring in visitors to the largest of the Canary Islands all the way from England, Germany and Spain - particularly during the Easter holiday. Now the rest of the world is catching up. It's not just a spot for spring breakers looking for a party - it is full of mountains, volcanoes and forests ready for exploring.
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 Budget Tours to Spain, The Best Tours for Seniors to Spain, The Best Budget Tours to Panama, and The Best One-Week (7-Day) Tours from Panama City.
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Tenerife Prices
Spain PricesPanama City Prices
Panama Prices -
Average Daily Cost Per person, per dayTenerife €156Panama City €89
The average daily cost (per person) in Tenerife is €156, while the average daily cost in Panama City is €89. 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 Tenerife and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personTenerife €53Panama City €31
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Accommodation Typical double-occupancy roomTenerife €106Panama City €62
Compare Hotels in Tenerife and Panama City
Looking for a hotel in Tenerife 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: Tenerife Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Tenerife €60Panama City €9.33
Hired Cars and Shuttles in Tenerife
Also for Tenerife, here are a few examples of actual transportation services:
- Tenerife South Airport (TFS): Transfer to Santa Cruz Port: $410
- Tenerife Airport (TFN) to Tenerife - Round-Trip Private Transfer: $264
- Tenerife South Airport(TFS)to Tenerife-RoundTrip Private Transfer: $264
- Santa Cruz Tenerife Cruise Port to Tenerife hotels - Round-Trip Private Transfer: $226
- Private Transfer South Tenerife Airport to Guia de Isora Area: $194
- Arrival Private Transfer from Tenerife South Airport TFS to Tenerife by Minibus: $152
- Private South Tenerife Airport Transfer to South Hotels: $146
- Private arrival OR departure transfer in Tenerife (hotel OR airport pick-up): $140
- Tenerife North Airport(TFN) to Tenerife -Arrival Private Transfer: $132
- Tenerife South Airport(TFS) to Tenerife -Arrival Private Transfer: $132
- Tenerife to Tenerife North Airport TFN Departure Private Transfer: $132
- Dives Packages with Transfers in Tenerife: $128
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Travel in Comfort Airport Transfer Pty: $30
- Transfer to or from the airport / Min 2 pax: $20
- Transfer from Tocumen Airport to Playa Blanca Hotels: $85
- Transfer from Tocumen Airport to Panama City Hotels: $25
- Transfer from Tocumen Airport to Colon Cruise Port: $160
- Transfer from Playa Bonita or Gamboa to PTY Airport: $35
- Transfer from PTY/Panama City to Cruise Terminal or Back: $32
- Transfer from Downtown Panama City to PTY Airport: $24
- Transfer Tocumen International Airport - Playa Blanca, Rio Hato, Buena Ventura: $75
- Transfer Tocumen Airport to Hotel Westin or Dreams Playa Bonita: $55
- Transfer Tocumen Airport (PTY) to Playa Bonita (Westin and Dreams): $38
- Transfer Panama City to Amador Cruise Port: $35
Is it cheaper to fly into Tenerife or Panama City?
Prices for flights to both Panama City and Tenerife 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 dayTenerife €67Panama City €31
Food Tours and Cooking Classes in Tenerife
For Tenerife, here are some samples of tours and activities related to meals and dining experiences:
- Hard Rock Cafe Set Menu Lunch or Dinner & Drink: $39
- Canarian Cooking Class in Ancient Tenerife Village: $39
- Canarian Cooking Class in Ancient Tenerife Village: $40
- MHT Comedy Drag Dinner Show: $56
- Medieval San Miguel Castle Dinner and Show in South Tenerife: $61
- Medieval Castle with dinner from Puerto de la Cruz in TenerifeSur: $61
- Self-Drive Teide National Park Sunset & Stargazing - No Dinner: $64
- Self-Drive Teide National Park, Dinner, Sunset & Stargazing Tour: $64
- Teide National Park - Dinner, Sunset & Stargazing Experience: $74
- Teide National Park, Dinner, Sunset & Stargazing Coach Tour: $76
- Teide National Park, Sunset & Stargazing Coach Tour - no Dinner: $76
- Canarian Cooking Class with Iconic Local Dishes: $79
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€7.21
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 Food Tour Local Markets Immersion (Tasting tour + Lunch): $50
- Italian-Panamanian Ravioli Cooking Class + meal in Panama City: $55
- Panama City FOOD Tour: $65
- Panamanian Dinner and Folkloric Show Ticket with Pickup: $65
- 3.5 -hour Afropanamanian Cooking Experience in Panama: $70
- Street Food Tour Panama (25+ tastings) By Paradox Experience: $90
Entertainment
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Entertainment Entrance tickets, shows, etc.Tenerife €27Panama City €57
Tours and Activities in Tenerife
For Tenerife, here are a few prices for actual activities, tours, and tickets provided by various companies:
- "Boat Cruise & Photos: Your Photographic Adventure at Sea": $341
- 2 hour Buggy Tour in Tenerife with 40 minutes Off-Road: $187
- 2-Hour whale & dolphin watching mini cruise from Puerto Colón: $39
- 3-Hours Shared Tour to Accessible Boat en Canary Island: $70
- 3h Viking Cruise with Drinks, Whale Watching and Swimming Time: $44
- 3h Whale Watching Share Tour Beneteau Oceanis 440: $64
- 3h Whale watching Share Tour Costa Adeje Lina7 Mizendoha: $64
- 5D Flying Theater Cinema Experience: $34
- Adeje: 3.5–Hour Professional Fishing Experience: $93
- Adeje: Aqua Club Thermal Spa Entry Ticket: $46
- Adeje: Paratrike Flying Tour with Hotel Pickup and Photos: $159
- Adeje: Whale and Dolphin Watching Cruise with Lunch and Swim: $57
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour ": $100
- 2 Days Island Hopping Adventure San Blas Islands - Private Cabin: $265
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 3 Hours Private Walking Tour in Casco Antiguo Panama City: $45
- 4-Hour Guided Tour of Panama Canal & Old Town & More: $150
- 4-hour tour in Panama: $105
- 5 Hours Private Panama City Tour: $200
- 5-Star Embera Village Tour | Waterfall, Lunch & River: $75
- 5hour tour of Panama City and Panama Canal - Shared or Private: $65
- 5hrs Panama City and Canal Tour + Amenities: $65
- 7 hour Miraflores Locks + Sloth Sancturay in Gamboa Tour: $150
- ALL INCLUSIVE San Blas Islands Day Tour on Sailboat: $240
Alcohol
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Alcohol Drinks for one dayTenerife €6.43Panama City €16
Sample the Local Flavors in Tenerife
Some specific costs for nightlife related activities in Tenerife:
- Volcanic Wine Tour: Heritage Vineyards & Tasting at Tenerife: $34
- Guided Tour Montesdeoca Cheese Factory - Cheese and Wine Tasting: $35
- Gourmet Tapas and Wine Tour in Santa Cruz de Tenerife: $53
- Full-Day Gastronomy and Wine Tour: $93
- Wine tasting "Tenerife grape varieties": $175
- Volcano Teide Buggy Tour with Wine Tasting & Tapas: $239
When we compare the travel costs of actual travelers between Tenerife and Panama City, we can see that Tenerife is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Tenerife 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 Tenerife would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Tenerife 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 Tenerife Expensive? and Is Panama City Expensive?.
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.