Which place is cheaper, Madrid or Lanzarote?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
Jump to 
Should you visit Lanzarote or Madrid?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Lanzarote 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: Lanzarote or Madrid?
Lanzarote
Lanzarote is one of Spain's Canary Islands, located off the northwestern coast of Africa. Some of its most popular features include the volcanic landscape of Timanfaya National Park, the underground caverns of Cueva de los Verdes, as well as the resort towns of Costa Teguise, Puerto del Carmen, and Playa Blanca.
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 2-Week Tours from Barcelona, The Best Family-Friendly Tours to Spain, The Best 10-Day Tours in Spain, and The Best One Week (7-Day) Tours in Spain.
-
Lanzarote Prices
Spain PricesMadrid Prices
Spain Prices -
Average Daily Cost Per person, per dayLanzarote €192Madrid €162
The average daily cost (per person) in Lanzarote is €192, while the average daily cost in Madrid is €162. 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 Lanzarote and Madrid in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personLanzarote €95Madrid €78
-
Accommodation Typical double-occupancy roomLanzarote €190Madrid €156
Compare Hotels in Lanzarote and Madrid
Looking for a hotel in Lanzarote 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: Madrid Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Lanzarote €40Madrid €18
Hired Cars and Shuttles in Lanzarote
Also for Lanzarote, here are a few examples of actual transportation services:
- Private Transfer from Arrecife Port to Lanzarote Airport (ACE): $80
- Private Transfer from Lanzarote Airport (ACE) to Arrecife Port: $80
- Private Transfer from Arrecife Cruise Port to Arrecife Hotels: $80
- Private Transfer from Arrecife hotels to Arrecife Cruise Port: $80
- From Round-Trip Ferry Transfer to Fuerteventura: $74
- LANZAROTE Airport - Accommodation Transfer: $63
- La Graciosa: Transfer + Ferry + Free Time to Explore at Your Leisure: $63
- Dolphin-Watching Sunset Cruise with Transfers: $58
- Fuerteventura at your leisure( bus transfer and return ferry ticket): $53
- Guided Volcano Hike with Transfers: $48
- Roundtrip Ferry Transfer to La Graciosa with Free Wifi: $34
- Aquapark Costa Teguise tickets with Optional Transfer: $33
Typical Local Transportation Prices in Madrid
Some typical examples of transportation costs in Madrid are as follows:
-
Taxi Ride€26
Hired Cars and Shuttles in Madrid
Also for Madrid, here are a few examples of actual transportation services:
- Private tour of Prado & Reina Sofía, tickets and transfer included: $287
- Private Transfer from Moratalla to Alicante–Elche (ALC) Airport: $273
- Private Transfer from Bolnuevo to Alicante–Elche (ALC) Airport: $254
- Private Transfer from La Manga strip dos Mares to Alicante–Elche (ALC) Airport: $237
- Private Transfer to Toledo or Segovia from Madrid: $235
- Private Transfer from La Manga Club to Alicante–Elche (ALC) Airport: $227
- Private Transfer from Corvera Golf Resort to Alicante–Elche (ALC) Airport: $218
- Shuttle Transfer Arrivals: Madrid Airport to City Center: $211
- Private Shuttle Transfer from City Centre to Airport: $211
- Private Transfer from Cieza to Alicante–Elche (ALC) Airport: $205
- Private Transfer from El Verger to Alicante–Elche (ALC) Airport: $191
- Private Transfer from La Torre Golf to Alicante–Elche (ALC) Airport: $182
Is it cheaper to fly into Lanzarote or Madrid?
Prices for flights to both Madrid and Lanzarote 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
-
Food Meals for one dayLanzarote €73Madrid €59
Food Tours and Cooking Classes in Lanzarote
For Lanzarote, here are some samples of tours and activities related to meals and dining experiences:
- MHT Comedy Drag Dinner Show: $56
- MHT Lanzarote - Comedy Drag Dinner Show Experience - No1: $57
- Timanfaya National Park Tour with BBQ Dinner: $147
- Timanfaya National Park: Evening Tour with Volcano Dinner: $153
- Timanfaya Evening Experience and Volcano Dinner: $157
Typical Food Prices in Madrid
Here are some examples of typical meal expenses from previous travelers to Madrid:
-
Coffee€2.00
-
Ice Cream€3.00
-
Kebabs (for 2)€16
-
Croissant€1.50
-
Lunch at Airport (for 2)€16
Food Tours and Cooking Classes in Madrid
For Madrid, here are some samples of tours and activities related to meals and dining experiences:
- Zarzuela Opera and Dinner at La Castafiore Restaurant in Madrid: $65
- Madrid Old Town Tour & Flamenco Show with Optional Dinner: $69
- Small-Group Food Tour with Tapas, Wine & Vermouth: $74
- Murder Mystery Dinner Experience: $75
- Chocolate & Churros Cooking Class in Madrid: $76
- Spanish Tapas Experience and Sangría Showcooking in Madrid: $76
- Small-Group Food Tour with Local Tapas & Spanish Wine: $76
- Madrid Luxury Evening Food Tour In the Vibrant La Latina District: $81
- Madrid Food Tour: Best Tapas, Churros & Market Sights by FLT: $88
- Guided Food Tour of Tapas, Ham, Olive Oil & Vermouth: $89
- Madrid Tapas & Wine Tasting Food Tour – Small Group Local Bars: $90
- Madrid Ultimate Spanish Cuisine Food Tour: $93
Entertainment
-
Entertainment Entrance tickets, shows, etc.Lanzarote €17Madrid €33
Tours and Activities in Lanzarote
Also, here are some specific examples of entertainment, tickets, and activities for Lanzarote.
- 2-Hour Surfing Experience for Beginners in Famara: $59
- 2-hour Buggy Tour from Costa Teguise: $176
- 2.5-hour Lanzarote Sunset Cruise from Marina Puerto del Carmen: $61
- 20-Minute Jet Ski Adventure in Puerto del Carmen: $82
- 2hrs Dolphins Sunset Sailing Cruise With Drink: $62
- 3 Hour Amazing Automatic Can Am Buggy Tour of Beautiful Lanzarote: $199
- 3-Hour Walking Tour in Los Volcanes Nature Reserve: $62
- 3-hour Buggy Tour from Costa Teguise: $235
- 4 seater on road tour: $182
- 4-seater Mixed 3h Guided Buggy Volcano Tour in Lanzarote: $235
- 4x4 Lanzarote Tour to Famara Teguise Beach and Volcanoes: $81
- Aquapark Costa Teguise Entrance Ticket: $33
Tours and Activities in Madrid
Also, here are some specific examples of entertainment, tickets, and activities for Madrid.
- 2 Days Guided Cultural Tour in Madrid Royal Palace and 3 Museums: $223
- 2 Hour Madrid City Expert Tour: $198
- 2 Hour Private Panoramic Tuk Tuk Tour: $199
- 2-Hour Patisserie Experience for Dessert Lovers: $117
- 3 Hour Private Bike Tour in Madrid with a Guide: $176
- 3-hour experience on the Redován K2 Family Via Ferrata: $49
- 30 Minutes of Jet Ski Adventure on the Coast of Alicante: $106
- A Self-Guided Tour of El Retiro Park’s Rise, Ruin and Redemption: $5.00
- A local's A self-guided audio tour: $12
- Alcalá de Henares Private Tour from Madrid: $251
- Alcala World Heritage Tour: $12
- Alcala de Henares and Cervantes Guided Tour from Madrid: $55
Alcohol
-
Alcohol Drinks for one dayLanzarote €9.29Madrid €19
Sample the Local Flavors in Lanzarote
Also in Lanzarote, these are the prices for nightlife and alcohol related activities from various tour providers:
- Sunset Vineyard Sightseeing Tour with Wine Tasting and Chocolate: $30
- Family Farm Goat Cheese & Wine Tasting Experience: $56
- Wine Lovers: Wine Tasting Tour at El Grifo Bodega Lanzarote: $57
Typical Alcohol Prices in Madrid
Some typical examples of the costs for nightlife and alcohol in Madrid are as follows:
-
Beer€5.00
-
Drinks and Tapas (for 2)€13
Sample the Local Flavors in Madrid
Some specific costs for nightlife related activities in Madrid:
- Top Pub Crawl Madrid & Party: $12
- Visit to the Winery with Wine Tasting and Appetizers in Navarra: $12
- Spanish Wine Tasting Overlooking Parque del Oeste: $26
- Pub Crawl Madrid-The Original since 2005-Shots-Fun-Clubs-Dance: $29
- Wine Tasting near Plaza Mayor in Madrid: $35
- Wine Tour with tasting in the Natural Park of La Mata: $38
- Wine Tasting in Madrid Experience: $54
- Madrid Tapas and Wine Tour with a Local Guide: $73
- Hypno Tasting Wine Tasting under Hypnosis in Madrid: $76
- Spanish Wine Tasting : $90
- Wine Tasting and Flamenco Master Class in Madrid: $101
- Madrid Tapas & Wine Tour: Local Bars & Spanish Wine Tasting: $111
When we compare the travel costs of actual travelers between Lanzarote and Madrid, we can see that Lanzarote is more expensive. And not only is Madrid much less expensive, but it is actually a significantly cheaper destination. So, traveling to Madrid would let you spend less money overall. Or, you could decide to spend more money in Madrid and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Lanzarote would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Lanzarote than you might in Madrid.
If you're trying to decide if either of these two destinations are within your price range, also see Is Lanzarote Expensive? and Is Madrid Expensive?.
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.