Average cost of trip to Panama

Accommodation, food, transport and entertainment costs in Panama

Updated Feb. 3, 2021

How much money are you going to need for your trip to Panama? You should plan to spend around B/.126.26 ($126.30) per day on your trip to Panama for one person and B/.172.55 ($172.60) for two when traveling. This budget includes accommodation costs for 2 adults in a good 4-star hotel (B/.79.98 $80.00), lunch in a local restaurant, street food and drinks for a day (B/.50.25 $50.26) and some entertainment (B/.42.33 $42.34) for two. Find more about Panama travel budget in 2020 below.

How much will a one-week trip to Panama cost? The average one-week vacaction cost to Panama is around B/.1,895.75 ($1,896.28) for one person and around B/.3,119.69 ($3,120.57) for a couple including flights. March is the cheapest month to go to Panama.

Budget

One Week for Two B/.1,849.38 ≈ $1,849.90
Two Weeks for Two B/.2,661.31 ≈ $2,662.05

Comfort

One Week for Two B/.3,119.69 ≈ $3,120.57
Two Weeks for Two B/.4,259.47 ≈ $4,260.67

High-end

One Week for Two B/.4,468.34 ≈ $4,469.60
Two Weeks for Two B/.6,542.57 ≈ $6,544.40
Panama Travel Budget

Panama

Currency PAB (Balboa)
Exchange Rate 100PAB $
Exchange rates provided by Open Exchange Rates. Last updated 28 Feb 2021, 00:30 UTC.

💰 Is it expensive to visit Panama?

A lot of people want to visit Panama and wonder what the budget would be like. Like with any vacation, the cost depends on where you’re flying from, what kind of accommodations you’re looking for and what you want to see or how you want to spend time. We're colleting all these travel costs from other travellers just like you, so you can make a better estimate of the budget for a trip that matches your own preferences.

✈ Cost of flights to Panama from

How much does it cost to fly to Panama? High season for flights to Panama spans from July to August — prepare to pay $1,016.00 and more for your return flight to Panama. The period from January to June is considered the low season and the average fares for flights are generally cheaper: you can usually get a return flight for about $775.00 on average. And if you're lucky, you can even find a better deal!

🛏 Average prices for accommodation in Panama

How much do hotels charge per night in Panama? High season in Panama runs from June to October. One night in a mid-range hotel during these months costs around $110.00. Low season spans from November to May. You can get a room for a night for as low as $54.00. Some nice bargains are usually also available, especially at the higher end resorts.

AirBnB. Double rooms in AirBnB cost around $85.09 per night, but prices can go up to 29% higher during high season.

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Latest inputs for accommodation prices in Panama
Added Type of Accomodation Month of Stay Price Per Night, $
Feb. 3, 2021 AirBnB February $60.08
Jan. 29, 2021 AirBnB January $62.08
Jan. 24, 2021 AirBnB January $55.17
Jan. 19, 2021 AirBnB January $60.33
Jan. 9, 2021 AirBnB January $56.25
Dec. 30, 2020 AirBnB December $66.08
Dec. 24, 2020 AirBnB December $62.25
Dec. 11, 2020 AirBnB December $61.58
Dec. 6, 2020 AirBnB December $68.50
Dec. 1, 2020 AirBnB December $68.58

🍲 Average prices for food and eating out in Panama

How much does food in Panama cost? The average cost of food and drinks in Panama is B/.0.00 ($0.00) per day for one person. An average street food meal in Panama would cost you around B/.9.98 ($9.98). A sit-in dinner for two people would cost around B/.18.66 ($18.67). Lunch in a mid-range cafe or restaurant would cost you something between the two.

How much do drinks cost? A bottle of water in Panama is around B/.1.82 ($1.82). A soft drink is around B/.1.10 ($1.10) when you buy it in a supermarket. A beer would cost you around B/.2.35 ($2.35) when you buy it in a bar. Alcoholic cocktails in bars and night clubs are B/.5.44 ($5.44) per cocktail.

Average prices for meals and drinks in Panama
Type Average Price Add Your Input!
Supermarket Drinks
🥤 Soft Drink B/.1.10 ≈$1.10
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🍺 Beer
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💧 Bottle of Water B/.1.82 ≈$1.82
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Bar Drinks
🥤 Soft Drink
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🍺 Beer B/.2.35 ≈$2.35
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🍹 Alcoholic Cocktail B/.5.44 ≈$5.44
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Meals
🍽 Dinner for Two B/.18.66 ≈$18.67
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🌯 Street Food B/.9.98 ≈$9.98
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🍿 Local Snack
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Latest inputs for food and drinks prices in Panama
Added Type Price, PAB
April 23, 2020 🥤 Soft Drink B/.1.00 $1.00
April 23, 2020 🍺 Beer B/.1.25 $1.25
April 23, 2020 🍽 Dinner for Two B/.16.25 $16.25
April 23, 2020 🌯 Street Food B/.16.25 $16.25
April 23, 2020 🍹 Alcoholic Cocktail B/.5.50 $5.50
April 23, 2020 💧 Bottle of Water B/.2.61 $2.61
April 23, 2020 🍽 Dinner for Two B/.18.00 $18.01
April 23, 2020 🌯 Street Food B/.7.50 $7.50
April 23, 2020 🍽 Dinner for Two B/.8.00 $8.00
April 23, 2020 🍽 Dinner for Two B/.39.99 $40.00

🏛 Average prices for entertainment in Panama

What are the prices for entertainment and activities in Panama? Guided group tours are approximately B/.24.73 ($24.74) per person. If you want to go on a guided tour and save some cash, try looking for free walking tours in Panama on Tripadvisor.

Average prices for entertainemnt and activities in Panama
Type Average Price
🏰 Group Tour B/.24.73 ≈$24.74
🏛 Museum
🤹 Show or Theatre B/.14.34 ≈$14.34
🕺 Night Club
🏄 Experience
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Latest inputs for entertainment and activities prices in Panama
Added Type of Entertainment of Activity Price, PAB
April 23, 2020 🤹 Show or Theatre B/.23.00 $23.01
April 23, 2020 🏰 Group Tour B/.25.00 $25.01
April 23, 2020 🤹 Show or Theatre B/.6.00 $6.00
April 20, 2020 🤹 Show or Theatre B/.23.00 $23.01
April 20, 2020 🏰 Group Tour B/.25.00 $25.01

🚌 Average prices for transport and car rentals in Panama

How much does airport transfer cost in Panama? The average cost of a 20-minute taxi ride is approximately B/.6.66 ($6.66).

Average prices for transport and car rentals in Panama
Type Average Price Add Your Input!
Transfers
🚍 Airport Transfer
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Taxi
🚖 Taxi B/.6.66 ≈$6.66
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Public Transport
🚉 Public Transport B/.5.40 ≈$5.40
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Transport Rentals
🚉 Regular Car Rental, per day
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🏍 Motorbike Rental, per day
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Latest inputs for transportation prices in Panama
Added Type of Transport Price, PAB
April 23, 2020 🚉 Public Transport B/.1.82 $1.82
April 23, 2020 🚖 Taxi B/.9.09 $9.09
April 23, 2020 🚖 Taxi B/.2.00 $2.00
April 23, 2020 🚉 Public Transport B/.0.25 $0.25
April 20, 2020 🚉 Public Transport B/.9.09 $9.09
April 20, 2020 🚖 Taxi B/.9.09 $9.09

☀ Weather in Panama

The hottest season in Panama runs from April to November. The average temperature is around 30 °C. The rainy season is from June to August with average rainfall of 116mm.

🤑 Calculate your Panama travel budget

Trip Month
Travel From
Travel With
Stay For
Stay At
Eating Out
Entertainment
Transport
Local prices are converted to $ USD
Destination in Panama Total Flight Accomodation Eating Out Entertainment Transport Pocket Cash
Panama 1896.3 767 560 175.9 148.2 57 188.2

All Popular Destinations in Panama