Are you tempted to organize a long weekend trip to Madrid but are unsure of the total cost? Madrid is a vibrant city that is ideal for spending a night with new acquaintances over tapas or a flamenco performance. However, how do Madrid’s costs stack up against those of other European locations?
Does Madrid Cost a Lot? Estimated Prices
As someone accustomed to the high prices of London, New York and Paris, Madrid felt somewhat cheaper. Madrid is still more expensive than European destinations like Bulgaria or Poland and notably more expensive than other parts of Spain too.
Food and Drink
A glass of wine is £2 to £4.30 (€2.32 to €5).This will be a generous glass and normally include a free tapa.
A caña of beer is £2 to £3 (€2.32 to €3.49). A caña is 150 to 200 millimetres. Drinking at a nightclub will be more expensive, up to around £4.30 (€5) for a bottle of beer.
A cup of coffee is £1.20 to £2.60 (€1.39 to €3.02). The smaller price is for a local cafe, the latter is for something more trendy.
A meal at a fast food restaurant can be as little as £8 (€9.30),
including a soft drink.
Accommodation
If you want a private space rather than a shared room, the lowest priced Airbnb you will find is about £45 (€52) per night. Only if you make reservations long in advance will you be able to get these rates.
The majority of Airbnbs, however, charge between £90 and £130 (€105 and €151) a night, which is significantly more than that.
The cost of a budget hostel is about £35 (€40) per night.
The most affordable hotels have nightly rates of about £55 (€64). That is assuming that you are making reservations far in advance and do not mind being away from the center.
Most hotels are £99 (€115) per night or more.