Which place is cheaper, Madrid or Monaco?
These are the overall average travel costs for the two destinations.
Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between Monaco and Madrid can help you decide which place is right for you.
Monaco is a posh, glitzy, and glamorous coastal resort area. It's a large city with plenty of activites for visitors as well. This is also a very beautiful destination which attracts plenty of visitors. Other reasons to visit include nightlife, food, and scuba diving and snorkeling.
Madrid is a friendly, authentic, and cultural city. With plenty of activities and things to do, it's a huge city that draws plenty of visitors. And you can't forget about the shopping, museums, and nightlife.
Travelers will usually find more to do in Madrid. Although Monaco and Madrid are popular destinations, Madrid has more sights and attractions for tourists. Madrid is very popular for its museums, food, music, and big city activities, while Monaco attracts visitors for its nightlife, resorts, scuba diving & snorkeling, beaches, and impressive beauty. Monaco is more touristy than Madrid and is popular for its grand hotels, luxurious casinos, opulent malls, and popularity with celebrities. Madrid is famous for its art and architecture, its tapas and culinary scene, and its lively flamenco dancing. It is also well known for The Prado Museum.
Let's take a look at the differences and similarities between Madrid and Monaco. Then, you can decide for yourself which place is better for your next trip.
Madrid is very good for its museums and landmarks. However, Monaco does not have museums and landmarks.
Madrid offers a variety of museums and landmarks to choose from. There are a number of cultural sights in the city including Museo Nacional del Prado, the Royal Palace and Gardens, and Museo Nacional Centro de Arte Reina Sofía.
Monaco does not have museums and landmarks.
Madrid is an amazing city to visit for its restaurant scene. Also, Monaco is still popular, but not quite as popular for its local flavors and cuisine.
Madrid has long been recognized as a culinary destination with great restaurants. The city has a mix of flavors that come from all of Spain. There are amazing markets where you can grab a meal or snack. There are also many high quality restaurants around town where you're guaranteed a good meal. Local favorites include roast suckling pig, Spanish omelette, and meat and chickpea stew.
Monaco has a number of nationally recognized food spots and restaurants. The cuisine is heavily influenced by both French and Italian cuisines. You'll find many dishes that take advantage of the coastal location, with seafood being very common. The national dish is Barbagiuan, which is a deep-fried pastry that is filled with ricotta cheese, Swiss chard, and other vegetables.
Monaco is renowned for nightlife. Also, Madrid is not as popular, but is still a nice city for nightlife and partying.
Monaco is a destination that you simply have to visit at least once for nightlife. It's where sophistication meets glam, with many luxury nightclubs, cocktail bars, casinos, and even opera houses that you can explore. The city attracts celebrities, wealthy business people, and jetsetters who are looking to socialize, see, and be seen.
Madrid offers plenty to do in the evening. Many tourists and international students hang out in the Huertas area, while Malasaña has a bohemian, hipster vibe with small clubs that play indie music. Chueca is a fun area that's known for being gay-friendly with many good bars. Finally, you'll find that the area around Avenida de Brasil is where famous DJs often perform.
Madrid is an amazing city to visit for its live music scene. However, Monaco is not a live music destination.
Live music, and music in many other forms, is everyone in Madrid Rock, jazz, and flamenco are all popular in the city. Some of the most well known music venues include Sala Caracol, Sala Clamores, and Costello Club.
Monaco is not a live music destination.
Monaco is renowned for its luxury resorts. However, Madrid is not a resort destination.
Monaco is a world class resort vacation destination. As the playground for the rich and famous, this city has its share of luxury resorts. Famous hotels include the Hôtel de Paris Monte-Carlo, Hôtel Hermitage Monte-Carlo, and the Fairmont Monte Carlo.
Madrid is not a resort destination.
Monaco is a coastal resort area with good options for the nearby scuba diving and snorkeling. However, Madrid is not a scuba or snorkeling destination.
It's fun to get in the water and check out the local marine life in Monaco. There are both beaches that offer walk-in snorkeling spots as well as boat tours that you can book that will take you to some of the best snorkeling and dive sights around Monaco.
Madrid is not a scuba or snorkeling destination.
Monaco is a coastal resort area with good options for its beaches. However, Madrid is not a beach destination.
Plenty of visitors enjoy relaxing on the beach in Monaco. Located along the French Riviera, the beaches are a mix of pebbles and sand. The only public beach is Plage du Larvotto in Monte Carlo and there are a number of activities available including jet skis and wind-surfing. This is also a very family-friendly beach that kids of all ages can enjoy.
Madrid is not a beach destination.
Shopping is a popular activity in both Madrid and Monaco.
The abundance of shops in Monaco make it a world-class shopping destination. A visit would not be complete without experiencing the city's shopping. There are couture, luxury brands as well as local boutiques that are frequented by the wealthy and famous. Popular shopping areas include Le Metropole Shopping Center, Fontvieille Shopping Centre, and La Condamine Market.
Many people travel to Madrid specifically to go shopping. Gran Vía is a main thoroughfare in Madrid that is also popular for shopping. Calle Fuencarral is where you'll find the fashion shops and Calle Preciados is a fun pedestrian area to explore.
Madrid is well known for its family-friendly activities. However, Monaco is not particularly known for its kid-friendly activities.
Madrid is a very kid-friendly city. Kids love splashing around at Madrid Río, taking a ride on the cable car (Teleférico), and exploring the city's many parks and playgrounds. There's even a maze at Sabatini Gardens. Restaurants around the city are also very kid-friendly.
For families, Monaco is not always the best place to visit. The city has a few family-friendly activities like an Oceanography Museum, a Zoological Park, and a harbor where kids can explore. You can also check out the Changing of the Guards in the Old Town. The public beach in town, Plage du Larvotto, is very family-friendly as well.
Monaco is renowned for romance. Also, Madrid is not as popular, but is still a nice city for its romantic activities.
Monaco is a great coastal resort area for couples, as it has plenty to offer. Filled with luxury, a couple can enjoy perusing the yachts in the harbor, dining on fine cuisine at an award winning restaurant, or staying at one of the many fancy hotels in town. You can also explore the area by air, by taking a truly spectacular helicopter tour.
Madrid is a very popular place to visit for couples. Fun and romantic activities around town include taking a boat ride at Casa de Campo, riding a bike in one of the many parks, and enjoy dinner and show in the evening.
Madrid is well known for backpackers. However, Monaco is not particularly known for backpackers and budget travelers.
Madrid is a great city to visit for backpackers. The many hostels around town make it easy for backpackers to find affordable accommodation while also meeting other travelers.
Monaco is not the best destination for backpackers and budget travelers due to its high prices. Known for it's luxury accommodation and posh visitors, this coastal area isn't known for its backpacker friendly atmosphere. Most budget travelers skip the glitz and glam of this microstate in order to save a few bucks.
Madrid is an amazing city to visit for students. However, Monaco is not popular with students.
Students come from all over the world to visit Madrid. With several great universities, this city is popular with international and study abroad students. The city also has a diverse population and an active nightlife that appeals to students.
Monaco is not popular with students.
Madrid is an amazing city to visit for its public transit. Also, Monaco is still popular, but not quite as popular for times when you don't have a car.
Public transit in Madrid is top-notch. The system includes the Madrid Metro, buses, and a light rail system.
While Monaco offers some public transit options, it might not be your first choice. There is a bus system.
Monaco and Madrid both are amazing when exploring on foot.
Getting around Monaco on foot is easy. It's small and compact size means that it is easy to explore the entire area on foot in a short amount of time.
Madrid is a very easy coastal resort area to get around on foot. Most tourists stay in the central part of Madrid where it's compact and relatively easy to walk to most tourist sights.
For even more information, also check out Is Monaco Worth Visiting? and Is Madrid Worth Visiting?.
In either Monaco or Madrid, you'll find plenty of activities to fill your time. Most visitors tend to spend more time in Madrid than Monaco because of the overall number of sights and activities. Usually, 1-3 days is a good amount of time for Monaco, and 2-5 days is enough time in Madrid.
Families should spend more time in Madrid than Monaco. Because of the many family-friendly attractions and fun things to do for kids in Madrid, it's a great place to visit with the whole family.
Couples should spend more time in Monaco than Madrid. You'll find plenty of romantic sights and fun activities in Monaco that are great for a weekend getaway or a longer couple's trip.
Backpackers and budget travelers should spend more time in Madrid than Monaco if your budget allows for it. With a larger number of budget-friendly sights, good nightlife, and active things to do, anyone traveling on a budget would have a good time in Madrid.
Monaco is a bustling city that offers something for everyone. You can also relax and pamper yourself at one of the resorts. One day is often enough time to do most activities.
Many travelers enjoy the food and shopping when visiting the big city destination of Madrid. But since there are so many activities, you'll likely want to spend more than one day exploring.
Monaco is a great place to explore. It is common to spend a weekend here. With all of its activities, you can easily fill a weekend here. Your budget might influence how long you stay.
Madrid is a great place to explore. It is common to spend a weekend here. With all of its activities, you can easily fill a weekend here. Your budget might influence how long you stay.
It's hard to know how much time to spend in Monaco. People enjoy relaxing at one of the resorts. Five days may feel like too much time unless you plan to do a lot of relaxing. It has many unique tourist attractions and fascinating things to do.
It's hard to know how much time to spend in Madrid. For many, it makes a great getaway for five days. With all of its activities, you can easily fill five days here. It has many unique tourist attractions and fascinating things to do.
Travelers enjoy the scuba diving and snorkeling and shopping when visiting the thrilling big city of Monaco. This coastal resort area offers a variety of activities to choose from. Travelers enjoy the resorts in the area as well. Most people find that one week is more than enough time to see everything.
Travelers enjoy the nightlife and live music when visiting the friendly big city of Madrid. This city offers a variety of activities to choose from. Most people find that one week is more than enough time to see everything.
For some great organized tour ideas, see The Best One-Week (7-Day) Tours from Barcelona, and The Best 10-Day Tours from Madrid.
These are the overall average travel costs for the two destinations.
The average daily cost (per person) in Monaco is €189, while the average daily cost in Madrid is €136. 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 Monaco and Madrid in more detail.
Looking for a hotel in Monaco 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.
Some specific examples of transportation prices in Monaco:
Some typical examples of transportation costs in Madrid are as follows:
Also for Madrid, here are a few examples of actual transportation services:
Prices for flights to both Madrid and Monaco 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.
Here are some examples of typical meal expenses from previous travelers to Madrid:
For Madrid, here are some samples of tours and activities related to meals and dining experiences:
Here are a few typical costs in Monaco for activities, ticket prices, and tours that come from previous visitors:
Here are a few actual costs in Monaco for available activities, ticket prices, and tours:
Also, here are some specific examples of entertainment, tickets, and activities for Madrid.
Also in Monaco, these are the prices for nightlife and alcohol related activities from various tour providers:
Some typical examples of the costs for nightlife and alcohol in Madrid are as follows:
Some specific costs for nightlife related activities in Madrid:
When we compare the travel costs of actual travelers between Monaco and Madrid, we can see that Monaco 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 Monaco would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Monaco 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 Monaco Expensive? and Is Madrid Expensive?.
Madrid has a larger population, and is about 3060 times larger than the population of Monaco. When comparing the sizes of Monaco 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.