Travel Budget for Panama City Visit Panama City on a Budget or Travel in Style

Panama City, Florida, United States of America

How much does it cost to travel to Panama City?

You should plan to spend around $224 per day on your vacation in Panama City. This is the average daily price based on the expenses of other visitors.

Past travelers have spent, on average for one day:

  • $66 on meals
  • $48 on local transportation
  • $257 on hotels

A one week trip to Panama City for two people costs, on average, $3,130. This includes accommodation, food, local transportation, and sightseeing.

All of these average travel prices have been collected from other travelers to help you plan your own travel budget.

  • Average Daily Cost Per person, per day
  • One Week Per person
  • 2 Weeks Per person
  • One Month Per person
  • One Week For a couple
  • 2 Weeks For a couple
  • One Month For a couple
This data comes from the travel budgets of real travelers - How it works. Put these numbers on your website.

How much does a one week, two week, or one month trip to Panama City cost?

A one week trip to Panama City usually costs around $1,565 for one person and $3,130 for two people. This includes accommodation, food, local transportation, and sightseeing.

A two week trip to Panama City on average costs around $3,130 for one person and $6,259 for two people. This cost includes accommodation, food, local transportation, and sightseeing.

Please note, prices can vary based on your travel style, speed, and other variables. If you're traveling as a family of three or four people, the price per person often goes down because kid's tickets are cheaper and hotel rooms can be shared. If you travel slower over a longer period of time then your daily budget will also go down. Two people traveling together for one month in Panama City will often have a lower daily budget per person than one person traveling alone for one week.

A one month trip to Panama City on average costs around $6,706 for one person and $13,413 for two people. The more places you visit, the higher the daily price will become due to increased transportation costs.

Independent Travel

Traveling Independently to Panama City has many benefits including affordabilty, freedom, flexibility, and the opportunity to control your own experiences.

All of the travel costs below are based on the experiences of other independent travelers.

Is Panama City expensive to visit?

Prices in Panama City are reasonable and comparable to your average travel destination. Hotels, food, and sightseeing are generally within normal price ranges.

Within North America, which is known to be an expensive region, Panama City is a moderately priced destination compared to other places. The overall cost of travel here is fair for the region and comparable to The Hamptons or North Conway.

For more details, and to find out if it's within your travel budget, see Is Panama City Expensive?

How much money do I need for a trip to Panama City?

The average Panama City trip cost is broken down by category here for independent travelers. All of these Panama City travel prices are calculated from the budgets of real travelers.

Category Cost
Accommodation 1 (Double Occupancy) $257
Local Transportation 1 $48
Food 2 $66
Entertainment 1 $19
Alcohol 2 $28 - 84
Accommodation Budget in Panama City
Average Daily Costs

Calculated from travelers like you

The average price paid for one person for accommodation in Panama City is $128. For two people sharing a typical double-occupancy hotel room, the average price paid for a hotel room in Panama City is $257. This cost is from the reported spending of actual travelers.

  • Accommodation1 Hotel or hostel for one person
  • Accommodation1 Typical double-occupancy room

Hotel Prices in Panama City

Looking for a hotel in Panama City? Prices vary by location, date, season, and the level of luxury. See below for options.

Find the best hotel for your travel style.


Actual Hotel Prices
The average hotel room price in Panama City based on data provided by Kayak for actual hotel rooms is $148. (Prices in U.S. Dollars, before taxes & fees.)

Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world.

Recommended Properties

Transportation Budget in Panama City
Average Daily Costs

Calculated from travelers like you

  • The cost of a taxi ride in Panama City is significantly more than public transportation. On average, past travelers have spent $48 per person, per day, on local transportation in Panama City.

  • Transportation1 Taxis, local buses, subway, etc.

Flights to Panama City
How much does it cost to go to Panama City? Naturally, it depends on the dates. We recommend Kayak because they can find the best deals across all airlines.

Rental Cars in Panama City
The price of renting a car in Panama City will depends on dates, the type of car, the location, and your age. We recommend Kayak because they can find the best deals across all car rental companies.

Food Budget in Panama City
Average Daily Costs

Calculated from travelers like you

  • While meal prices in Panama City can vary, the average cost of food in Panama City is $66 per day. Based on the spending habits of previous travelers, when dining out an average meal in Panama City should cost around $27 per person. Breakfast prices are usually a little cheaper than lunch or dinner. The price of food in sit-down restaurants in Panama City is often higher than fast food prices or street food prices.

  • Food2 Meals for one day

Entertainment Budget in Panama City
Average Daily Costs

Calculated from travelers like you

  • Entertainment and activities in Panama City typically cost an average of $19 per person, per day based on the spending of previous travelers. This includes fees paid for admission tickets to museums and attractions, day tours, and other sightseeing expenses.

  • Entertainment1 Entrance tickets, shows, etc.

Recommended Activities

Alcohol Budget in Panama City
Average Daily Costs

Calculated from travelers like you

  • The average person spends about $56 on alcoholic beverages in Panama City per day. The more you spend on alcohol, the more fun you might be having despite your higher budget.

  • Alcohol2 Drinks for one day

Panama City On a Budget
Panama City Panama City Beach, Florida
As the tropical breeze kisses your face amidst the never-ending rows of palm trees and high-rise beach condos, you find both pleasure and peace in this popular beach vacation spot. Such a city could be no place else than Panama City, Florida, located on the Florida Panhandle on the Gulf Coast. The entire region is known for it's calm beach with white sand, blue water, and spring break and summer vacation fun. Panama City offers a multitude of hotels, parks, beaches, and restaurants to make it a prime destination to both party and relax. However, as you explore the city, you will find that Panama City acquires its own diverse, vibrant character unique to other beach towns. Bring out the fishing rods and boogie boards and take advantage of one of Florida's most popular destinations! It's a great destination for families, kids, younger travelers, singles, couples, and retirees alike.
Enjoy one of the top reasons travelers from across the globe stop in this tropical city: the beach. St. Andrews State Park offers one-and-a-half miles of beaches on the Gulf of Mexico and Grand Lagoon. Originally a military reservation, these pristine beaches are now open to the general public for swimming, snorkeling, scuba diving, kayaking, canoeing, and much more. Fishing hobbyists will find that St. Andrews provides all amenities needed for a great fishing venture, including two fishing piers, a jetty, and a boat ramp. For nature-lovers, St. Andrews also offers two hiking trails where one can find a sense of serenity when immersed in the Floridian wilderness. If you love St. Andrews so heartily, the park offers camping grounds for both tent campers and RVers. If you thought that wasn't enough, St. Andrews compliments all its oceanic features with concessions for snacks, souvenirs and fishing amenities.

If you are looking to shop until you drop, take a stop at Panama City's largest mall, Pier Park. With over 124 stores, you will find your shopping possibilities to be nearly endless. Among these stores include Target, Forever 21, Dillards, JCPenneys and Marshalls. Pierk Park also contains a wide variety of restaurants including Dave and Buster's, Dick's Last Resort, Hana Japan, and Hofbrau Beer Garden. What's more, Pier Park boasts a variety of live entertainment, such as the dueling pianos at Rum Runners Tropical Grill or live music at Tootsies. If you find yourself getting tired from all that shopping, an IMAX Theater is located within Pier Park, where you can unwind with a tub of popcorn and Coca-cola.

If you find St. Andrews' trail and camping ground to not be satisfactory for your adventurous palate, interact with marine wildlife at Gulf World Marine Park. Meet and greet with the local dolphins of Panama City, all while learning about these intelligent, fun-loving creatures as well as other marine life like manatees and sea lions. With 24 parks worldwide, Gulf World seeks to educate and fascinate visitors of all ages about the astounding wonders beneath the sea. At Gulf World, you also have an opportunity to do more than just swim with the dolphins! From riding on their bellies to receiving their hugs and kisses, a remarkable, unforgettable experience is bound to occur at Gulf World. The park opens at 9:30 AM and closes at 4 PM, with exception to holidays.

Nevertheless, you might want to cool off after being under the Florida sun for so long. Relax and have fun at the Shipwreck Island Waterpark. Founded in 1983, Shipwreck Island is fulled with waterslides, pools, rivers, and parks, so you can make the most out of the tropical paradise that is Panama City. The twenty-acre park features lush landscaping, a professionally trained aquatics staff, and concessions for food and drink from cheesy pizza to delicious soft-serve. Be sure to get there early in order to fully enjoy this amazing park!
Food and Dining
If admiring the scenic ocean beauty of Panama City is not enough for you, why not taste this paradise by visiting one of its local restaurants? Hunt's Oyster Bar is located right on the shores of Panama City, offering local and fresh seafood for all its patrons. The menu offers a hefty selection of seafood delicacies, including red snapper, mahi-mahi, oysters, shrimp, snow crab, and clam strips. Keep it casual at Hunt's and prop your sandy feet up to enjoy the beach paradise that is Panama City.

Though friendly to pedestrians, you may find that you want some wheels under you as you explore this city. Panama City offers a reasonably priced trolley system that has scheduled route through unique neighborhoods and regions. One can easily purchase a day pass at Bay Town Trolley office who is open from 8 AM to 5 PM. The trolley itself runs from 6 AM to 8 PM. Besides the trolley, Panama City also offers rental cars, taxis, and segways to ensure you explore the lengths of this bayside town.


Looking for a party hostel in Hawaii or Miami? Traveling alone to LA or New Orleans? Want a budget hostel in NYC?

We've been gathering travel cost data from tens of thousands of actual travelers since 2010. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of destinations around the world.

1 Categories averaged on a per-item basis.
2 Categories averaged on a per-day basis.
For example, the Food2 daily average is for all meals for an entire day, while Entertainment1 is for each individual purchase. Thus, the overall daily average cost is not a summation of the individual categories.

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.

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