Beijing is one of the more expensive cities in China, but it’s still a great bargain for most Western tourists. Hotels are generally of high quality, and the prices can be very appealing, especially for those on package tours.
The attractions in the city are also very reasonably priced, though scammers and hucksters are common, so it’s wise to do some research and keep your wits about you. Transportation is also very cheap, with the buses and subways being especially good bargains.
Food and drinks are also extremely cheap by most Western standards, though you’ll have to pay a fair bit more for menus with English translations in tourist neighborhoods. Street food is one of the city’s great adventures, and prices are quite low.