Spain · tool
How much does Madrid cost?
Daily budget breakdown across three tiers — so you can realistically plan your Madrid trip before you book anything.
Madrid, Spain travel budget
Realistic daily cost per person across three spending tiers. All figures in USD.
Budget
Hostels, street food, public transit
Hostel dorm bed or a very basic shared apartment.
Street food, market snacks, 'menu del día' (set lunch menus).
Madrid Metro pass, occasional bus rides.
Free walking tours, park visits, affordable museum entry.
Souvenirs, extra snacks, small incidentals.
Mid-range
3-star hotels, mix of restaurants, some taxis
Comfortable 3-star hotel or a well-located Airbnb apartment.
Mix of casual tapas bars, mid-range restaurants, and some cafe stops.
Occasional taxis or ride-sharing, plus public transport.
Entry to major museums (Prado, Reina Sofía), flamenco shows, guided tours.
Shopping, drinks, moderate incidentals.
Luxury
4-5 star hotels, premium dining, private transfers
Boutique 4-5 star hotel or a high-end serviced apartment.
Fine dining, tasting menus, premium wine experiences.
Private transfers, premium taxis, chauffeured services.
Private guided tours, exclusive experiences, opera or high-end theatre tickets.
High-end shopping, spa treatments, premium drinks.
Destination-specific money tips
- •Most major credit cards (Visa, Mastercard) are accepted widely, but smaller establishments might prefer cash.
- •Avoid using standalone ATMs in tourist areas; opt for those attached to banks for better rates and lower fees.
- •Tipping is not customary like in the US. A small tip (rounding up or 5-10%) for exceptional service in restaurants or for guides is appreciated but not expected.
- •The 'menu del día' (lunchtime set menu) is an excellent value for budget and mid-range travelers.
- •While many attractions have fixed prices, look for free entry times at museums like the Prado and Reina Sofía.
Plan the rest of your Madrid trip
Trip budgets elsewhere