Madrid Travel Budget
Madrid is one of the more affordable major European capitals, with daily costs varying widely by travel style. Budget travelers can expect around 45-65 EUR per day, mid-range travelers around 110-160 EUR per day, and luxury travelers 250 EUR and up per day.
- Accommodation: Hostel dorm beds run 18-28 EUR; a private room in a 3-star hotel costs 60-90 EUR; boutique and 4-star hotels near Sol or Gran Via range 120-200 EUR; five-star properties like the Ritz or Villa Magna start at 350 EUR and climb well beyond.
- Food: A menu del dia lunch costs 12-15 EUR, tapas crawls run 20-35 EUR per evening, and a tasting menu at a Michelin-starred restaurant such as DiverXO or Coque runs 200-250 EUR per person.
- Local transport: A single metro or bus ticket is 1.50-2 EUR; a 10-trip Metrobus card costs around 12.20 EUR; a tourist travel pass for unlimited zone A transport runs about 8.40 EUR per day or 40 EUR for a 5-day pass.
- Attractions: The Madrid City Card bundles the Prado, Reina Sofia, Thyssen-Bornemisza and Royal Palace with transport for roughly 85 EUR for 5 days; individual major museum tickets average 12-15 EUR each.