Madrid is cheaper than many Western European capitals, particularly for food and drink. The art museums have free hours, and a menú del día lunch is excellent value.
Is Madrid expensive?
Expensive for most visitors. Madrid is cheaper than many Western European capitals, particularly for food and drink.
Money, cards and tipping
Currency: Euro (€). Cards are accepted in most places; carry some cash for small bars.
Tipping: Not expected. Leaving small change or 5–10% for good service in a restaurant is typical.
Where to save money
- Eat the menú del día at lunchtime.
- Visit the Prado, Reina Sofía and Thyssen in their free evening hours, though queues are long.
- Order a drink at the bar in tapas bars; many serve a free small tapa with each drink.
- Use the metro and walk.
- Take a free walking tour on your first day.
Where it is worth spending
- A guided Prado highlights tour.
- A flamenco show with dinner.
- A day trip to Toledo with a guide.
Free things to do in Madrid
- The Retiro Park and the Crystal Palace
- The Plaza Mayor and the Puerta del Sol
- The Prado, Reina Sofía and Thyssen free evening hours
- Sunset at the Templo de Debod
Prices, ticket rules and safety conditions change. Treat this as a starting point and check official sources and your government's travel advice before you go.
Madrid budget questions
What currency is used in Madrid?
Euro (€). Cards are accepted in most places; carry some cash for small bars.
Is tipping expected in Madrid?
Not expected. Leaving small change or 5–10% for good service in a restaurant is typical.
How can I save money in Madrid?
Eat the menú del día at lunchtime. Visit the Prado, Reina Sofía and Thyssen in their free evening hours, though queues are long. Order a drink at the bar in tapas bars; many serve a free small tapa with each drink.