Madrid, the capital of Spain, is a cosmopolitan city with a unique cultural and artistic heritage, a legacy of centuries of exciting history. A huge city with several district articles, Madrid offers spectacular sights, excellent restaurants, and a one of the liveliest nightlifes in the world.
Madrid is the most expensive city in Spain, but is still cheaper than Paris, London or New York. A well planned traveler can easily manage with a low budget, by taking advantage of the special deals the local business tend to offer. Though accommodation, as always, is the largest expense, it’s possible to find semi-luxurious boutique hotels for around €100 in the city center; dormitory beds shouldn’t cost more than €20 and nice hostels with private bathroom and TV rarely cost more than €60, usually less.
Currency: The Euro (€) is the spanish and European currency. €1 is divided into 100 centimes or cents. Notes are €5, €10, €20, €50, €100, €200 and €500. coins are 1, 2, 5, 10, 20 and 50 cents; €1 and €2.
Everyday prices: A single ticket in the Metro will cost you 1.5€-2€, depending on where you want to go, and a book of 10 trips is 11€-12€. Many of Madrid’s Museums offer free entrance, and the one’s that will charge you for it (3€-15€) – like Museo del Prado and the Centro de Arte Reina Sofía - usually offer a no charge entry in the evenings and on Sundays. A mill in a midrange restaurant should cost a little much more than €30 per person, but you can cut your costs considerably if you partake in the weekday lunchtime menú del día - a fixed-price, three-course set lunch that costs around €10. A ticket to the movies is about 7€, a cup of coffee will cost you about 1.5€, a beer in a bar is about 1.5€, and for a cocktail you’ll have to part from 6€-15€, depends on the content of the drink.
Tipping: In Spain, tipping is not obligatory but always appreciated. A tip of 5%-10% of the total bill in restaurants and hotels would be fine.