How Much Does It Cost to Vacation in Panama?

By Alice Nichols

Are you planning to vacation in Panama, but unsure about the cost? Don’t worry, we’ve got you covered! In this article, we’ll break down the various expenses associated with traveling to Panama and give you an idea of how much you can expect to spend.

Accommodation Costs:

Panama offers a wide range of accommodation options, from budget-friendly hostels to luxurious resorts. The cost of accommodation largely depends on your preferences and the location.

  • Hostels: Hostels are the cheapest option and can cost anywhere between $10-20 per night.
  • Hotels: Mid-range hotels start at around $40-80 per night, while luxury hotels can go up to $200 or more per night.
  • Airbnb: Renting an apartment or a room through Airbnb is also a popular option. Prices vary depending on the location and amenities offered.

Transportation Costs:

Transportation in Panama can be both affordable and convenient. Public transportation is widely available and includes buses, taxis, and Uber.

  • Buses: Local buses are cheap and cost around $0.25-$1 for a one-way trip depending on the distance.
  • Taxis: Taxis are widely available but tend to be more expensive than buses. A short ride in town could cost up to $5-10 depending on the location.
  • Uber: Uber is available in major cities like Panama City and offers competitive prices compared to traditional taxis.

Food Costs:

One of the best things about Panama is its delicious cuisine! From local street food to high-end restaurants, there’s something for everyone.

  • Street food: Street food is cheap and can cost anywhere from $1-5 per meal.
  • Local restaurants: Local restaurants offer a variety of dishes for around $5-10 per meal depending on the location.
  • High-end restaurants: High-end restaurants can be expensive and cost upwards of $50 per meal.

Activity Costs:

Panama is known for its natural beauty and outdoor activities. Here are some popular activities and their associated costs:

  • Panama Canal Tour: A tour of the Panama Canal costs around $20-30.
  • Hiking: Hiking tours in national parks can range from $30-100 depending on the duration and level of difficulty.
  • Beach Activities: Beach activities like surfing, kayaking, and snorkeling can cost anywhere from $10-50 depending on the activity and location.

Total Cost:

Overall, a budget traveler could expect to spend around $30-50 per day, while a mid-range traveler could spend up to $100 per day. Luxury travelers could expect to spend more than $200 per day.

In conclusion, Panama offers a wide range of options for travelers with varying budgets. With affordable accommodation, transportation, food, and activities, it’s an excellent destination for those looking to explore Central America without breaking the bank.