Glass towers above a colonial seafront.
Ranks #37 of 68 cities — roughly pricier than 54% of the destinations we track.
Sits in the "Cheap" affordability tier ($130–200/day mid-range) — comfortably inside our 68-city index.
Prices are settled in USD; Spanish is the working language for most on-the-ground pricing.
Panama City tracks close to the global median — $300/day mid-range against a $279/day baseline (+8%). Inside Central America it's ranked #3 of 4 on daily cost, 8% above the regional average of $279/day. Individual cost lines all track close to the regional norm, so Panama City's daily figure is a fair proxy for the region as a whole. Season effect is roughly 47% between low and peak, in line with the global average (~47%), which is why timing the trip to dec–apr shows up on nearly every itinerary that hits the numbers on this page.
On a shoulder-season day in Panama City, a budget traveller spends about $132, a mid-range traveller about $300, and a luxury traveller about $840 — per person, covering accommodation, food, local transport, activities, and miscellaneous costs. At $300/day mid-range, Panama City is roughly mid-pack against the 68 cities we track (global median $279/day).
Time your visit for Dec–Apr and the daily figure stays near the baseline; shift into peak and you'll see roughly a 47% swing between low and peak season for the same mid-range trip ($255 → $375 per day).
Compared with nearby Central America destinations, Mexico City is the cheaper neighbour ($236/day), while Cancún trends pricier ($342/day).
| Category | Budget | Mid-range | Luxury |
|---|---|---|---|
| accommodation | $70 | $154 | $455 |
| food | $25 | $63 | $168 |
| transport | $8 | $20 | $49 |
| activities | $18 | $42 | $112 |
| Misc & fees | $11 | $21 | $56 |
| Total per day | $132 | $300 | $840 |
Per person · USD · shoulder-season baseline
| Season | Budget / day | Mid / day | Luxury / day |
|---|---|---|---|
| low | $112 | $255 | $714 |
| shoulder | $132 | $300 | $840 |
| peak | $165 | $375 | $1050 |
Best-value window: Dec–Apr
| Length | Budget | Mid-range | Luxury |
|---|---|---|---|
| 3 days | $396 | $900 | $2,520 |
| 7 days | $924 | $2,100 | $5,880 |
| 14 days | $1,848 | $4,200 | $11,760 |
On-the-ground totals · shoulder season · excludes flights and visas