Which place is cheaper, Caracas or Madrid?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Madrid or Caracas?
Which is cheaper to visit? Which is more expensive for vacation?
Trying to figure out where to travel next? This travel comparison between Madrid and Caracas can help. It includes a travel cost comparison in addition to other factors. For many travelers, the cost of a destination is a primary consideration when choosing where to go.
Where Should I go: Madrid or Caracas?
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.
Caracas
Caracas is the capital city of Venezuela, and also the country's largest city. It's in the northern portion of the country and is close to the Caribbean. While Caracas may not be a major travel destination in Venezuela, it can offer interesting insight into the country's urban character. It has a great art, culinary, and music culture that truly bring the city to life. The beautiful Mount Avila overlooks the city and separates the city from the Caribbean Sea. Many locals and visitors alike head to the mountain as a quick escape. You can reach it by taking a cable car that carries you up to the SWaraira Repano Park at the very top.
For some great organized tour ideas, see The Best Contiki Tours to Spain, and The Best G Adventures Tours to Spain.
-
Average Daily Cost Per person, per dayMadrid €136Caracas €0.00
The average daily cost (per person) in Madrid is €136, while the average daily cost in Caracas is €0.00. 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 Madrid and Caracas in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personMadrid €77Caracas -
-
Accommodation Typical double-occupancy roomMadrid €154Caracas €0.00
Compare Hotels in Madrid and Caracas
Looking for a hotel in Madrid or Caracas? 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.Madrid €19Caracas -
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:
- Arrival Private Transfer Madrid Airport MAD to Madrid City by Van: $71
- Arrival Private Transfer by Business Car from MAD Airport to Madrid: $53
- Arrival Private Transfer from MAD Airport to Madrid in a Minibus: $140
- Arrival Transfer Madrid Airport MAD to Avila City by Sedan: $229
- Arrival Transfer from Madrid Airport MAD to Madrid in Private Car: $80
- Arrival Transfer from Madrid MAD Airport to Madrid by Luxury Car: $81
- Arrival Transfer: Madrid Airport MAD to Madrid in Business Car: $80
- Departure Private Transfer Madrid to MAD Airport in a Minibus: $137
- Departure Private Transfer from Madrid to MAD Airport by Van: $69
- Departure Transfer from Madrid to Madrid Airport MAD in Private Car: $80
- Departure Transfer: Madrid to Madrid Airport MAD in Luxury Van: $87
- From Madrid Airport: 1-Way Private Hotel Transfer: $81
Is it cheaper to fly into Madrid or Caracas?
Prices for flights to both Caracas and Madrid 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 dayMadrid €34Caracas -
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:
- Paella and Sangria Workshop with Dinner and Drinks: $43
- Tapas Crawl Food Tour with 6 Tapas and 4 Drinks: $53
- San Miguel Market and Street Food Tour: $53
- Tapas Dinner Party Food Tour with Guide: $53
- Drunken Tapas Food Tour with Dinner in Madrid: $53
- Tipsy Tapas Food Tour with Drinks and Food: $53
- Madrid Tipsy Tapas Guided Food Tour with Dinner: $53
- Madrid Tapas Dinner Party with Guide: $54
- Traditional Paella & Sangría Workshop & Spanish Dinner in Madrid: $54
- The Authentic Morning Madrid's Food Tour: $59
- Opera and Zarzuela Show and Dinner: $61
- Madrid San Miguel Market and City Center Street Food Tour: $63
Entertainment
-
Entertainment Entrance tickets, shows, etc.Madrid €34Caracas -
Tours and Activities in Madrid
Also, here are some specific examples of entertainment, tickets, and activities for Madrid.
- Madrid Essential: Free Walking City Tour: $1.08
- Tour Retiro Park - Madrid self-guided tour app: $2.15
- First Discovery Walk and Reading Walking Tour: $3.23
- Madrid Mountains Free Walking Tour: $3.28
- Guided tour of the Madrid of spies: $3.28
- History & Culture Guided Walking Tour: $4.31
- Escape Game and Tour: $4.31
- Wonders of Madrid Walking Tour : $4.37
- 2 Hour Madrid Walking Tour : $4.37
- Wonders of Madrid Walking Tour: $5.38
- Mapfre Foundation Entry Ticket: $5.38
- Wonders of Madrid City Walking Tour: $5.38
Alcohol
-
Alcohol Drinks for one dayMadrid €20Caracas -
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:
- Pub Crawl with Tapas and VIP Club Entry: $9.69
- Visit to the Winery with Wine Tasting and Appetizers in Navarra: $12
- Pub crawl & Party Tour Madrid: $14
- Guided Pub Crawl Madrid Experience and Club Entry: $16
- Pub Crawl Madrid Running since 2005 Bar Exploration: $16
- Pub Crawl Madrid-The Original since 2005-Shots-Fun-Clubs-Dance: $16
- Pub Crawl Madrid: $19
- Wine Tasting near Plaza Mayor: $22
- Wine Tasting Experience with 4 Spanish Wines: $26
- Wine Tour with tasting in the Natural Park of La Mata: $38
- Wine Tasting Experience: $50
- Wine Tasting in Madrid Experience: $50
When we compare the travel costs of actual travelers between Madrid and Caracas, we can see that Madrid is more expensive. And not only is Caracas much less expensive, but it is actually a significantly cheaper destination. Since Madrid is in Europe and Caracas is in South America, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Caracas would let you spend less money overall. Or, you could decide to spend more money in Caracas 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 Madrid would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Madrid than you might in Caracas.
If you're trying to decide if either of these two destinations are within your price range, also see Is Madrid Expensive? and Is Caracas Expensive?.
Which is Bigger, Madrid or Caracas?
Madrid has a larger population, and is about 72% larger than the population of Caracas. When comparing the sizes of Madrid and Caracas, 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.