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, and simple tapas bars.
Primarily using the efficient Metro system and walking.
Free walking tours, exploring parks, and affordable museum entry on specific days.
Small souvenirs, a coffee, or an extra snack.
Mid-range
3-star hotels, mix of restaurants, some taxis
Comfortable 3-star hotel or a well-located Airbnb apartment.
Mix of casual restaurants, tapas hopping, and a few nicer meals.
Metro, occasional taxi or ride-sharing services.
Entry to major museums, a flamenco show, or guided tours.
Shopping, drinks, or incidentals.
Luxury
4-5 star hotels, premium dining, private transfers
4-5 star hotel or a premium suite in a boutique hotel.
Fine dining, tasting menus, and high-end cocktail bars.
Private airport transfers, taxis, and possibly chauffeured services.
Private tours, exclusive experiences, opera, or high-end shopping.
Spa treatments, high-end souvenirs, or premium beverages.
Destination-specific money tips
- •Spanish banks often charge high fees for ATM withdrawals; use ATMs affiliated with major banks if possible.
- •While cards are widely accepted, always have some cash for smaller, traditional 'tabernas' or market stalls.
- •Tipping isn't mandatory, but leaving a few extra euros for exceptional service at restaurants or bars is common.
- •Be aware of 'siesta' hours (roughly 2-5 PM) when many smaller shops might close.
- •Museums often have free entry hours or days, especially on Sundays, which can save money for budget travelers.