Valladolidis 26% cheaper Dorms avg $15/night vs $13/night.
Quick Verdict
Best For…
Traveler type
🇵🇦 Panama City
🇲🇽 Valladolid
Solo budget traveler
★★★★★
16 hostels, avg 7.9 rating
—
Couple on a budget
★★★★★
Private rooms avg $34/night
—
Digital nomad
★★★★★
Coffee $4.03, dorms avg $15
—
Nightlife seeker
★★★★★
Beer $2.93, 16 hostels
—
First-time Europer
★★★★★
25 attractions
—
Cost Comparison
Daily Budget
| Tier | 🇵🇦 Panama City | 🇲🇽 Valladolid | You Save / day |
|---|---|---|---|
brokepackr Dorm bed · street food · free activities | $32 | $24 cheaper | $8/day |
backpackr Mix of dorm & private · restaurants | $51 | $36 cheaper | $16/day |
flashpackr Private rooms · dining out · some tours | $89 | $60 cheaper | $29/day |
Price Intelligence
Seasonal Price Curve
Everyday Costs
Cost of Living
| Item | 🇵🇦 Panama City | 🇲🇽 Valladolid |
|---|---|---|
| 🥙Street food meal Local market, street stall | $10.60 | $7.14 33% less |
| 🍽️Mid-range meal Sit-down restaurant, one person | $22.85 | $14.07 38% less |
| 🍺Beer (local draft) 500ml at a bar | $2.93 | $2.23 24% less |
| ☕Coffee Espresso or flat white | $4.03 | $2.73 32% less |
| 🚇Single metro / bus Standard single ticket | $0.35 24% less | $0.46 |
| 🎫24-hour day pass Unlimited public transport | — | $1.50 |
Brokepackr Deal Index™
Our Verdict + Hostel Quality
🇵🇦▼
Panama City
Panama
48
BDI: Fair
Brokepackr Deal Index™
Moderate dorm prices (avg $15/night).
Hostel Quality
Avg guest rating8.5
Top-rated hostelEden S Garden Hostal (10.0)
Annual dorm avg$15/night
Total hostels16
🇲🇽
Valladolid
Mexico
Hostel Quality
Avg guest rating8.5
Top-rated hostelCasa Xtakay (9.8)
Annual dorm avg$13/night
Total hostels18
Entry Requirements
Visa & Entry
Passport
🇵🇦 Panama City
🇲🇽 Valladolid
🇪🇺 EU / EEA
Visa Free (180d)
Visa Free (180d)
🇺🇸 US
Visa Free (180d)
Visa Free (180d)
🇬🇧 UK
Visa Free (180d)
Visa Free (180d)
🇦🇺 Australia
Visa Free (180d)
Visa Free (180d)
🇨🇦 Canada
Visa Free (180d)
Visa Free (180d)
Flights
Getting There
City to City
Getting Between Panama City & Valladolid
Climate
Weather & Best Time to Visit
°C · mm
🇵🇦 Panama City
31°C
High
/
25°C
Low
🌧 Rainfall: 38mm/month
Best months: Jan, Feb, Mar
🇲🇽 Valladolid
33°C
High
/
22°C
Low
🌧 Rainfall: 42mm/month
Best months: Jan, Feb, Nov, Dec
Things To Do
Top Attractions
🇵🇦 Panama City
1. Miraflores LocksFree
2. Miraflores Visitors CenterFree
3. Bolivar PalaceFree
4. Cabeza de EinsteinFree
5. CabildoFree
🇲🇽 Valladolid
1. Casa de la culturaFree
2. Casa de los VenadosFree
3. Ex-Convent of San Bernardino de Siena
4. Handicraft MarketFree
5. José María Iturralde y TraconisFree
Common Questions
FAQ
Is Panama City or Valladolid cheaper for backpackers?+
How many hostels are in Panama City vs Valladolid?+
Do I need a visa for Panama City or Valladolid?+
When is the best time to visit Panama City or Valladolid?+
What's the cheapest month to visit Panama City and Valladolid?+
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