Which place is cheaper, Panama City or Tulum?
These are the overall average travel costs for the two destinations.
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Should you visit Tulum 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 Tulum 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: Tulum or Panama City?
Tulum
When you think of ancient ruins you probably picture dusty archaeological digs surrounded by sand and professors in khaki shorts. What if I told you there is a way to see ancient ruins and visit a tropical beach? That's exactly what you find in Tulum, Mexico.
Built near the end of Mayan era, the ruins of Tulum served as a port before the arrival of the Spanish. It may have been called Zama, meaning City of Dawn, given that these ruins face the sunrise. Because of Tulum's access to both land and sea routes, this spot was an important hub for the trade industry. It may have had another claim to fame, too. According to some murals and other works around the site, it seems this spot was an important site for the worship of the Diving or Descending God. Today, the area is the third most visited archaeological site in all of Mexico with daily tour buses dropping off visitors.
This area is usually packed with people looking to get a glimpse of the seaside ruins. To avoid crowds and capture the best view of the day, try to arrive as early as possible.
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 Family-Friendly Tours to Mexico, The Best Historical Tours in Mexico, 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 dayTulum $122Panama City $86
The average daily cost (per person) in Tulum is $122, 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 Tulum and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personTulum $60Panama City $35
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Accommodation Typical double-occupancy roomTulum $120Panama City $70
Compare Hotels in Tulum and Panama City
Looking for a hotel in Tulum 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: Tulum Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Tulum $28Panama City $11
Typical Local Transportation Prices in Tulum
Some typical examples of transportation costs in Tulum are as follows:
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Scooter Rental$18
Hired Cars and Shuttles in Tulum
Some specific examples of transportation prices in Tulum:
- Round-trip Private Transfer Cancun Airport to TULUM - up to 9 pax: $299
- Roundtrip Transfer from Cancun Airport to Tulum: $269
- Roundtrip Private Transfer from Cancun Airport to Tulum: $254
- Transfer from Tulum airport to Bacalar: $233
- Private Luxury Transfer Tulum to Cancun Airport: $220
- Private Transfer Tulum-Bacalar with optional 2h in Sian Ka'an Biosphere Reserve: $210
- Private Transfer From Cancun Airport - Tulum: $208
- Cancun Airport Departure transfer from Akumal, Tulum: $191
- Tulum to Chetumal - Private Transfer with Optional Sightseeing: $182
- Private Transfer Tulum Zone - Cancun International Airport: $160
- One Way Private Tulum Transfers to or from Cancun Airport: $160
- Tulum to Mahahual - Private Transfer with Optional Sightseeing: $160
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Private Departure Transfer to Panama City Airport (PTY): $13
- Private transfer from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Private Transfer Tocumen Airport to Panama City or Beach: $20
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Private One-way Airport Transfer (Tocumen Airport To/From Panamá): $23
- Private Airport Transfer: $23
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Private Transfer Tocumen Airport - Old Town(Casco Viejo): $25
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
Is it cheaper to fly into Tulum or Panama City?
Prices for flights to both Panama City and Tulum 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 dayTulum $34Panama City $21
Typical Food Prices in Tulum
Some typical examples of dining costs in Tulum are as follows:
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Lunch$3.00
Food Tours and Cooking Classes in Tulum
Also, here are some specific examples of food and dining related activities in Tulum.
- Tulum Local Walking Food Tour: $86
- Vegan Walking Food Tour with Tasting: $87
- Mexican Cooking from Scratch and Mezcal Tasting in a Local Home in Tulum: $87
- Mayan Night Guided Tour, Cenote Swim and Mayan Dinner: $209
- Private transfer for 5 hours (go dinner,cenotes, shopping and more) : $299
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:
- Panama Evening Food Tour: $60
- 10-Recipe Boozy Panamanian Cooking Class : $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- 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.Tulum $32Panama City $66
Tours and Activities in Tulum
Some specific costs of activities, tours, and entrance tickets for Tulum are as follows:
- Private Tour - The best Cenotes in Yucatan - Suytun & Oxman: $195
- Romantic tour in Tulum: $169
- 4-Hour Cenotes Tour with Hotel Pickup in Riviera Maya: $109
- 5 Hours Mayan Snorkeling Experience in Tulum: $90
- 5x1 Deluxe Tour Tulum, Coba, Cenote Transportation from Tulum: $88
- 5x1: Tulum, Coba, Cenote and Mayan Village Full Day Tour: $99
- ATV Cenote and Zipline Adventure from Tulum: $119
- ATV Extreme Adventure Single with Ziplines and Cenote Swim: $137
- ATV Jungle Adventure with Ziplines, Cenote & Tulum Pickup: $75
- ATV Tour with Ziplines and Cenote Swim Experience in Quintana Roo: $59
- Adventure Tulum: $105
- Adventure in the Mayan Jungle with ATV and Zip Line in Tulum: $90
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
- Tour de bares en El Cangrejo con Bar Hopping Panama: $20
- POIN The Edge Experience: $27
- POIN Glass Viewpoint Experience: $27
- POIN Swing Experience: $27
- Highlights Bike Tour in Casco Viejo & Cinta Costera: $28
- Panama City Bike Tour: $30
- City Sightseeing Hop-On Hop-Off Bus Tour: $30
- walking tour in Casco Antiguo !: $30
- Sunset Walking Tour at Casco Viejo El Chorrillo and the fish market: $30
- City Sightseeing Panama City Hop-On Hop-Off Bus Tour: $30
- Bike tour in Panama City and Old Quarter with local guided: $31
Alcohol
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Alcohol Drinks for one dayTulum $25Panama City $18
Sample the Local Flavors in Tulum
Some specific costs for nightlife related activities in Tulum:
- 30 Minutes Brewery Tour in Tulum: $39
- Wine Tasting at Pan y Vino Tulum: $58
- Beer Tasting and Brewery Tour: $69
When we compare the travel costs of actual travelers between Tulum and Panama City, we can see that Tulum is more expensive. And not only is Panama City much less expensive, but it is actually a significantly cheaper destination. Since Tulum is in North 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 Tulum would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Tulum 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 Tulum Expensive? and Is Panama City Expensive?.
Which is Bigger, Tulum or Panama City?
Panama City has a larger population, and is about 50 times larger than the population of Tulum. When comparing the sizes of Tulum 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.