Panama City Mid-Range Budget — Low Season
Season-adjusted mid-range daily travel budget for Panama City during low season.
Mid-Range daily budget during low season
$93 – $106
per person per day in Panama City (USD)
| lodging | $33 – $37 |
| food | $23 – $27 |
| transport | $14 – $16 |
| activities | $14 – $16 |
| misc | $9 – $11 |
Estimates based on synthetic model. Use the calculator below for personalized results.
Visiting Panama City in Low Season
Low season in Panama City means prices drop roughly 13% below shoulder season. You'll benefit from lighter crowds and better deals on accommodation, with daily costs around $93–$106. Trade-offs may include less ideal weather in the Central America region, but the savings and quieter atmosphere often make up for it.
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How Low Season Affects Costs
During low season, prices in Panama City are approximately 13% lower compared to shoulder season. This affects accommodation, tours, and some dining prices.
Mid-Range Travel Tips for Panama City
- Mid-range hotels and apartments offer the best comfort-to-value ratio
- Mix casual and upscale dining experiences throughout your trip
- Use ride-hailing apps for convenient city transport
- Book popular attractions in advance to avoid surge pricing
- Consider guided day tours for key experiences
- Shoulder season offers pleasant weather and lower prices
- Look for hotel packages that include breakfast
- A city transit pass may save money over individual tickets
Frequently Asked Questions
How much does it cost per day in Panama City during low season?
A mid-range traveler can expect to spend approximately $93 to $106 per person per day in Panama City during low season. This covers accommodation, food, local transport, activities, and miscellaneous expenses. These are estimates — your actual costs depend on your choices and travel style.
Is Panama City expensive for tourists?
Panama City is relatively expensive for tourists. Daily costs range from $34 (budget) to $370 (luxury) per person. The Central America region has a range of price levels, and Panama City sits at about a 11 out of 10 on a global cost scale.
How does season affect prices in Panama City?
Prices in Panama City vary by season. During low season, costs are roughly -13% lower than shoulder season. Peak season sees prices increase by roughly 18%. Booking during shoulder or low season can lead to meaningful savings.
What is included in the daily budget estimate?
Our daily budget estimates for Panama City include five categories: lodging, food, local transport, activities/sightseeing, and miscellaneous expenses (tips, SIM cards, etc.). Flights and international transport are not included. Use the calculator on this page to adjust estimates for your specific situation.
What is a comfortable daily budget for Panama City?
A mid-range traveler can expect to spend approximately $107 to $122 per day in Panama City. This includes accommodation, food, transport, activities, and miscellaneous costs. Adjust for season — peak can add 18% to these figures.
What are the best mid-range restaurants in Panama City?
Food in Panama City ranges widely. Mid-range restaurants are the norm for mid-range travelers. Expect to spend roughly $27–$31 per day on meals.
How much does a mid-range hotel cost in Panama City?
Accommodation in Panama City for mid-range travelers typically costs $37–$43 per night. Mid-range hotels and boutique stays are the most common choices.
Assumptions & Notes
- All figures are estimates based on a synthetic cost model — not exact prices.
- Daily budgets are per person and include: lodging, food, local transport, activities, and miscellaneous.
- International flights and intercity transport are not included.
- Season multipliers reflect typical demand patterns — actual seasonal variation depends on events and weather.
- Currency conversions use approximate fixed rates. Check current rates before traveling.
- Budget a 10–20% buffer above these estimates for unexpected expenses.
Model version: v1.0 · Dataset generated at build time