Madrid Prices & Travel Costs

Last Updated: Dec 2023

Spain’s capital has a reputation for amazing food and nightlife, but there is much more to Madrid that that. This is a huge city with a royal palace and one of the world’s top art museums, along with a modern way of life that should be experienced at least once by any visitor to Spain. When planning an itinerary for a first trip to Spain, Madrid should be on it.

Is Madrid Expensive or Cheap?

While Barcelona has become more popular in recent years, Madrid is still the classic Spain destination and should be included on your first visit to the country. As the capital and almost literal center of the country, this is the most Spain you can get and you won’t be disappointed.

Madrid City Featured Image

Travel Costs to Madrid

Population 3,300,000
Area 6,400,000
Timezone UTC+1
Currency Euro
Airports Madrid-Barajas Airport (MAD)
BACKPACKER INDEX: US$81.61
1 USD = 0.9200 EUR
134 World cities ranked cheapest to most expensive: Backpacker Index for 2024

Accommodation Costs in Madrid

Madrid Hotel Seasons

Madrid Hotel Prices

Rating Price(USD)
starstarstarstarstar16.30 - 54.35
starstarstarstarstar22.83 - 72.83
starstarstarstarstar31.52 - 110.87
starstarstarstarstar43.48 - 145.65
starstarstarstarstar109.78 - 280.43

Madrid Hostels Prices

Type Price(USD)
Hostel Bed13.04 - 28.26

Madrid Attractions Prices

Best tours in Madrid

Location Description Type Price(USD)
Prado MuseumSpain's most famous art museum is a must-see for fans of that sort of thing.
adults
students
seniors
16.30
0.00
7.61
Reina Sofía National MuseumMadrid's famous modern art museum is worthwhile, and also free to enter on many evenings and Saturday afternoons. Audioguide tours cost more.
adults
students
13.04
0.00
Royal PalaceThis ornate complex where the royalty used to live is very popular and lines can be long.
adults
child
10.87
5.43

Madrid Food and Drink Prices

Food Type Description Price(USD)
Budget breakfastBreakfast is often included with hotels and hostels. If not a continental breakfast should be easy to find.4.35 - 7.61
Budget lunchIn Spain the big meal of the day is usually lunch, so see the dinner prices if you're doing that. Ham sandwiches are popular and cheap.6.52 - 10.87
Budget dinnerTapas places can be great bargains, and many casual dining places are also affordable.10.87 - 19.57
Tapas (per item)Ordering tapas is complicated at first, with different sizes and styles. Small sizes can add up to a great and cheap meal.1.09 - 4.35
Beer (glass)A glass of beer can be cheap and refreshing at a tapas place.2.17 - 5.43
Table wine (glass)Cheap local wine is easy to find at casual restaurants and bars.2.17 - 4.35
Beer (can, retail)Local lagers are cheap in markets.0.00 - 1.09

Madrid Transport Prices

Type Price(USD)
Taxi from airport to central Madrid29.35 - 35.87
Metro from airport to central Madrid3.26
Metro ride in Madrid1.09 - 2.17
3km taxi ride in Madrid8.70 - 14.13

Getting to Madrid

Getting around Madrid

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When to visit Madrid

Temperature and rainfall

Month High F Low F Precip (inches)
January49371.5
February54391.4
March60421.0
April64451.9
May71512.0
June80591.0
July88650.6
August87650.4
September79591.1
October66501.9
November56432.2
December50392.2

Madrid Weather advice

Sunrise and sunset

21 Mar7:17am7:28pm
21 Jun6:45am9:48pm
21 Sep8:01am8:14pm
21 Dec8:34am5:51pm

Where to go before and after