Which place is cheaper, Panama City or Ulaanbaatar?
These are the overall average travel costs for the two destinations.
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Should you visit Ulaanbaatar or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Ulaanbaatar 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: Ulaanbaatar or Panama City?
Ulaanbaatar
Ulaanbaatar is Mongolia's capital city. It has a population of slightly over two million people, or about sixty percent of the country's entire population. You are likely to arrive in Ulaanbaatar either by train, coming from China or Russia, or by plane. Many people use Ulaanbaatar as a stop off while doing the Transsiberian Railway. The city is a great place to organize a tour of the surrounding countryside. It's also good city to relax, so make sure you allow yourself a few days to recover from your tour, enjoy some of the great food options, and see some of the fascinating cultural sights around town.
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 Tours for Outdoor and Nature Lovers in Mongolia, The Best Adventure Tours to Mongolia, 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 dayUlaanbaatar $25Panama City $86
The average daily cost (per person) in Ulaanbaatar is $25, 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 Ulaanbaatar and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personUlaanbaatar $12Panama City $35
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Accommodation Typical double-occupancy roomUlaanbaatar $24Panama City $70
Compare Hotels in Ulaanbaatar and Panama City
Looking for a hotel in Ulaanbaatar 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: Ulaanbaatar Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Ulaanbaatar $2.91Panama City $11
Hired Cars and Shuttles in Ulaanbaatar
Some specific examples of transportation prices in Ulaanbaatar:
- Private Transfer from Ulaanbaatar to or from Terelj National Park: $60
- Airport transfer service: $50
- New Ulaanbaatar International Airport Transfer Service: $45
- Private Departure Transfer: Ulaanbaatar Airport: $40
- Airport - Ulaanbaatar transfer service: $40
- Private Transfer from Chinggis Khaan Airport to Ulaanbaatar: $37
- Private Transfer to Ulaanbaatar Airport ULN by Business Vehicle: $28
- Private Transfer Ulaanbaatar Airport ULN to Ulaanbaatar City : $28
- 2024 Ulaanbaatar Airport Transfer & Taxi Shuttle Service - Best!: $18
- Mongolia Airport Transfer & Taxi Service -BEST!: $18
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Airport TRANSFER 1 way Tocumen Howard BLB Albrook Rio Hato Colon: $28
- PTY Airport Transfer Service To Panama City: $50
- PTY Tocumen Airport Private Transfer One Way or Round Trip!: $45
- Panama Airport (PTY) to Panama city - Arrival Private Transfer: $28
- Panama Airport (PTY) to Panama city - Round-Trip Private Transfer: $57
- Panama Airport (PTY) to Playa Bonita/Gamboa - Private Transfer: $38
- Panama Airport (PTY) to Playa Bonita/Gamboa - Round-Trip Transfer: $77
- Panama City Private Arrival Transfer: $17
- Embera Indian Village Tour w/ Airport Transfer: $290
- Guided Panama Canal & City Tour with Transfers: $65
- Half-Day City & Canal Tour w/ Airport Transfer: $215
- Historic District and Canal Tour with Transfer: $65
Is it cheaper to fly into Ulaanbaatar or Panama City?
Prices for flights to both Panama City and Ulaanbaatar 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 dayUlaanbaatar $8.94Panama City $21
Food Tours and Cooking Classes in Ulaanbaatar
Also, here are some specific examples of food and dining related activities in Ulaanbaatar.
- Cooking Class in a Traditional Ger Home in Ulaanbaatar Suburbs: $100
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.Ulaanbaatar $4.42Panama City $66
Tours and Activities in Ulaanbaatar
Here are a few actual costs in Ulaanbaatar for available activities, ticket prices, and tours:
- 1 Day Chinggis Khaan Statue & Terelj National Park Private tour: $180
- 1 Day Coach Tour of Genghis Khan Statue Complex and Terelj National Park Including Lunch: $83
- 1 Day Coach Tour of Terelj National Park Including Lunch And Free Camel Ride: $83
- 1 Day Semi-Gobi All-included tour : $141
- 1 Day Semi-Gobi Tour Including Lunch And Free Camel +Bonus Khustai National Park: $169
- 1 Day Semi-Gobi Tour Including Lunch And Free Camel or Horseback Ride: $145
- 1 Day Tour: Terelj National Park And Chinggis Statue: $193
- 1 Session with Shaman and know your future tour: $149
- 1 day tour Chinggis khan statue, Terelj national park: $95
- 12 day Great Gobi and Central Mongolia full adventure: $1,950
- 2 Day Horse ride and Terelj national park tour: $350
- 2 Day Local experience by train visit Tunkhel town: $340
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 dayUlaanbaatar $3.83Panama City $18
When we compare the travel costs of actual travelers between Ulaanbaatar and Panama City, we can see that Panama City is more expensive. And not only is Ulaanbaatar much less expensive, but it is actually a significantly cheaper destination. Since Ulaanbaatar 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 Ulaanbaatar would let you spend less money overall. Or, you could decide to spend more money in Ulaanbaatar 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 Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Ulaanbaatar.
If you're trying to decide if either of these two destinations are within your price range, also see Is Ulaanbaatar Expensive? and Is Panama City Expensive?.
Which is Bigger, Ulaanbaatar or Panama City?
Ulaanbaatar has a larger population, and is about 2 times larger than the population of Panama City. When comparing the sizes of Ulaanbaatar 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.