Which place is cheaper, Madrid or Akureyri?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
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Should you visit Akureyri or Madrid?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Akureyri or Madrid, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Akureyri or Madrid?
Akureyri
Akureyri is the largest town in the northern region of Iceland, and is often considered the unofficial capital of the north. The town is a popular fishing port and is often used as a basecamp for visiting the more rural surrounding area. Akureyri is known for their great art scene, beautiful architecture, and stunning natural scenery.
Madrid
Madrid, the capital of Spain, overs visitors countless opportunities to experience Spain's culture, art, cuisine, and nightlife. It is the largest city in Spain, and as such has much to explore. The city is situated on the Iberian Peninsula on the Spanish central Castillian plateau. If you're flying into Spain, you'll likely fly into the Madrid airport as it's one of the largest airports in Europe. Madrid is well connected to the rest of Spain with planes, trains and buses, making it a popular place to visit for many travelers doing a European tour.
For some great organized tour ideas, see The Best Romantic Tours for Couples in Iceland, The Best Northern Lights Tours in Iceland, The Best One-Week (7-Day) Tours from Barcelona, and The Best 10-Day Tours from Madrid.
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Akureyri Prices
Iceland PricesMadrid Prices
Spain Prices -
Average Daily Cost Per person, per dayAkureyri $190Madrid $181
The average daily cost (per person) in Akureyri is $190, while the average daily cost in Madrid is $181. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Akureyri and Madrid in more detail.
Accommodation
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Accommodation Hotel or hostel for one personAkureyri $103Madrid $87
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Accommodation Typical double-occupancy roomAkureyri $206Madrid $174
Compare Hotels in Akureyri and Madrid
Looking for a hotel in Akureyri or Madrid? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Akureyri Hotel Prices and Madrid Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Akureyri $23Madrid $21
Hired Cars and Shuttles in Akureyri
Some specific examples of transportation prices in Akureyri:
- Whale Watching Tour with Transfer from Port: $141
- From Godafoss Waterfall Guided Trip with Transfers: $129
- Akureyri Airport (AEY): Transfer to/from Akureyri City: $32
- Transfer from Accommodation to Akureyri Airport: $29
Typical Local Transportation Prices in Madrid
Some typical examples of transportation costs in Madrid are as follows:
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Taxi Ride$29
Hired Cars and Shuttles in Madrid
Also for Madrid, here are a few examples of actual transportation services:
- Adolfo Suárez Madrid- Barajas Airport private transfer, Pick up.: $96
- Arrival Private Transfer Madrid Airport MAD to Madrid City by Van: $88
- Arrival Private Transfer from MAD Airport to Madrid in a Minibus: $177
- Arrival Transfer from Bologna Airport BLQ to Bologna City by Van: $98
- Arrival Transfer from Madrid Airport MAD to Madrid in Private Van: $92
- Arrival Transfer from Madrid MAD Airport to Madrid by Luxury Car: $100
- Arrival Transfer: Madrid Airport MAD to Madrid by Luxury Van: $90
- Departure Private Transfer Madrid to MAD Airport in a Minibus: $170
- Departure Transfer from Madrid to Madrid Airport MAD in Private Car: $84
- Departure Transfer: Madrid to Madrid Airport MAD in Business Car: $82
- Departure Transfer: Madrid to Madrid Airport MAD in Luxury Van: $87
- Hotel Madrid City Private Transfer To Madrid Barajas Airport: $27
Is it cheaper to fly into Akureyri or Madrid?
Prices for flights to both Madrid and Akureyri change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Food
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Food Meals for one dayAkureyri $71Madrid $66
Typical Food Prices in Madrid
Here are some examples of typical meal expenses from previous travelers to Madrid:
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Coffee$2.25
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Ice Cream$3.37
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Kebabs (for 2)$18
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Croissant$1.68
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Lunch at Airport (for 2)$18
Food Tours and Cooking Classes in Madrid
For Madrid, here are some samples of tours and activities related to meals and dining experiences:
- Madrid Street Food Tour and City Guided Sightseeing: $50
- Madrid Food Tour: Tapas, Drinks and Delights with a Local: $56
- Madrid Food Tour: Best Tapas, Churros & Market Sights by FLT: $68
- Madrid Paella Cooking Class with Unlimited Sangría: $69
- Murder Mystery Dinner Experience: $73
- Chocolate & Churros Cooking Class in Madrid: $74
- 10 Tapas Cooking Class Experience in Madrid with Sangria: $85
- Madrid Ultimate Spanish Cuisine Food Tour: $90
- Madrid Tapas & Wine Tasting Food Tour – Small Group Local Bars: $90
- Madrid Spanish Omelet Cooking Class and Bottomless Wine brunch: $92
- 100% Hands-on Cooking Class Paella Tapas Sangria in Madrid: $97
- Tapas & Paella Cooking Class in Madrid with a Professional Chef: $102
Entertainment
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Entertainment Entrance tickets, shows, etc.Akureyri $18Madrid $37
Tours and Activities in Akureyri
Here are a few actual costs in Akureyri for available activities, ticket prices, and tours:
- Akureyri Lake Myvatn Godafoss and Lava Fields Tour: $180
- Akureyri Northern Light Tour: $141
- Akureyri Port: Dettifoss, Goðafoss and Lake Mývatn Tour: $293
- Akureyri Port: Goðafoss and Akureyri Botanical Garden Tour: $170
- Akureyri Port: Goðafoss and the Forest Lagoon Tour: $203
- Akureyri Port: Godafoss Waterfall Classic Tour & Viewpoint: $81
- Akureyri Port: Lake Mývatn & Goðafoss Guided Tour with Lunch: $328
- Akureyri Port: Lake Mývatn and Godafoss Waterfall Tour: $182
- Akureyri Port: Myvatn Nature Baths & Godafoss Waterfall Tour: $246
- Akureyri Private Walking Tour: $169
- Akureyri Private Walking Tour: $168
- Akureyri to Lake Myvatn and Nature Baths Small Group Tour: $217
Tours and Activities in Madrid
Also, here are some specific examples of entertainment, tickets, and activities for Madrid.
- Madrid Monumental Tour: $3.42
- Madrid Scavenger Hunt & Highlights Self-Guided Walking Tour: $3.42
- Madrid Historical Walking Tour: $3.42
- Tuk Tuk Tour of the Best of Madrid (booking only): $3.42
- Self Guided Walking City Tour in Madrid: $3.42
- Self-Guided Tours In Madrid With 100 Captivating Audio Stories: $3.42
- Private Audio Guided Walking Tour in Madrid: $3.42
- Madrid - Medieval to Modern Walking Tour (English): $3.43
- Madrid City Highlights Walking Tour: $4.58
- A Self-Guided Tour of El Retiro Park’s Rise, Ruin and Redemption: $5.00
- Madrid Historical Self-Guided Walking City Tour & Scavenger Hunt: $5.72
- Madrid Old Town Self Guided Tour with Mobile App: $5.99
Alcohol
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Alcohol Drinks for one dayAkureyri $15Madrid $22
Typical Alcohol Prices in Madrid
Some typical examples of the costs for nightlife and alcohol in Madrid are as follows:
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Beer$5.62
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Drinks and Tapas (for 2)$15
Sample the Local Flavors in Madrid
Some specific costs for nightlife related activities in Madrid:
- Visit to the Winery with Wine Tasting and Appetizers in Navarra: $12
- Madrid Pub Crawl: VIP Entry & Shots, Games (Kapital, Fitz, Shoko): $14
- Pub Crawl Madrid Adventure bars with Open bar and VIP Club Entry: $16
- Madrid Pub Crawl: Club Entry, Bars & Shots: $19
- Top Pub Crawl Madrid & Party: $21
- Spanish Wine Tasting Overlooking Parque del Oeste: $25
- Madrid Pub Crawl: $28
- Wine Tasting near Plaza Mayor in Madrid: $34
- Wine Tour with tasting in the Natural Park of La Mata: $38
- Madrid Pub Crawl VIP: $40
- Wine Tasting in Madrid Experience: $53
- Madrid Royal Palace Small Group Guided Tour with Wine Tasting: $68
When comparing the travel costs between Akureyri and Madrid, we can see that Akureyri is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Since both cities are in Europe, it's no surprise that their costs are relatively close, as many destinations here have somewhat similar travel prices overall.
If you're trying to decide if either of these two destinations are within your price range, also see Is Akureyri Expensive? and Is Madrid Expensive?.
Which is Bigger, Akureyri or Madrid?
Madrid has a larger population, and is about 190 times larger than the population of Akureyri. When comparing the sizes of Akureyri and Madrid, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.