Valparaisois 3% cheaper — BDI "Good Deal" (65/10) vs Panama City "Good Deal" (60/10). Dorms avg $15/night vs $13/night.
Quick Verdict
Best For…
Traveler type
🇵🇦 Panama City
🇨🇱 Valparaiso
Solo budget traveler
★★★★★
16 hostels, avg 7.9 rating
★★★★★
16 hostels, avg 8.7 rating
Couple on a budget
★★★★★
Private rooms avg $34/night
★★★★★
Private rooms avg $37/night
Digital nomad
★★★★★
Coffee $4.03, dorms avg $15
★★★★★
Coffee $3.00, dorms avg $13
Nightlife seeker
★★★★★
Beer $2.93, 16 hostels
★★★★★
Beer $4.04, 16 hostels
First-time Europer
★★★★★
25 attractions
★★★★★
24 attractions
Cost Comparison
Daily Budget
| Tier | 🇵🇦 Panama City | 🇨🇱 Valparaiso | You Save / day |
|---|---|---|---|
brokepackr Dorm bed · street food · free activities | $32 | $31 cheaper | $1/day |
backpackr Mix of dorm & private · restaurants | $51 | $49 cheaper | $2/day |
flashpackr Private rooms · dining out · some tours | $89 | $83 cheaper | $6/day |
Price Intelligence
Seasonal Price Curve
Everyday Costs
Cost of Living
| Item | 🇵🇦 Panama City | 🇨🇱 Valparaiso |
|---|---|---|
| 🥙Street food meal Local market, street stall | $10.60 | $10.38 2% less |
| 🍽️Mid-range meal Sit-down restaurant, one person | $22.85 | $20.18 12% less |
| 🍺Beer (local draft) 500ml at a bar | $2.93 27% less | $4.04 |
| ☕Coffee Espresso or flat white | $4.03 | $3 26% less |
| 🚇Single metro / bus Standard single ticket | $0.35 44% less | $0.62 |
Brokepackr Deal Index™
Our Verdict + Hostel Quality
🇵🇦▼
Panama City
Panama
60
BDI: Good Deal
Brokepackr Deal Index™
Higher dorm prices (avg $15/night). Strong hostel scene (16 hostels). Plenty to see (25 attractions).
Hostel Quality
Avg guest rating8.5
Top-rated hostelEden S Garden Hostal (10.0)
Annual dorm avg$15/night
Total hostels16
🇨🇱▼
Valparaiso
Chile
65
BDI: Good Deal
Brokepackr Deal Index™
Higher dorm prices (avg $13/night). Strong hostel scene (16 hostels). Plenty to see (24 attractions).
Hostel Quality
Avg guest rating8.5
Top-rated hostelCasaclub Hostel (10.0)
Annual dorm avg$13/night
Total hostels16
Entry Requirements
Visa & Entry
Passport
🇵🇦 Panama City
🇨🇱 Valparaiso
🇪🇺 EU / EEA
Visa Free (180d)
Visa Free (90d)
🇺🇸 US
Visa Free (180d)
Visa Free (90d)
🇬🇧 UK
Visa Free (180d)
Visa Free (90d)
🇦🇺 Australia
Visa Free (180d)
Visa Free (90d)
🇨🇦 Canada
Visa Free (180d)
Visa Free (90d)
Flights
Getting There
City to City
Getting Between Panama City & Valparaiso
Climate
Weather & Best Time to Visit
°C · mm
🇵🇦 Panama City
31°C
High
/
26°C
Low
🌧 Rainfall: 100mm/month
Best months: Jan, Feb, Mar
🇨🇱 Valparaiso
18°C
High
/
13°C
Low
🌧 Rainfall: 11mm/month
Best months: Jan, Feb, Mar, Apr
Things To Do
Top Attractions
🇵🇦 Panama City
1. Miraflores Visitors Center
2. Panama History Museum
3. 150 años de La Presencia China en Panamá /…
4. Balboa Yatch club
5. Bolivar Palace
🇨🇱 Valparaiso
1. A las Víctimas de la Dictadura en la Regió…
2. Bahía Porteña
3. Bahía Utópica
4. Busto del General San Martín
5. Cristóbal Colón
Common Questions
FAQ
Is Panama City or Valparaiso cheaper for backpackers?+
How many hostels are in Panama City vs Valparaiso?+
Do I need a visa for Panama City or Valparaiso?+
When is the best time to visit Panama City or Valparaiso?+
What's the cheapest month to visit Panama City and Valparaiso?+
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