How much money should I bring to Madrid?

How much cash should I take to Spain?

Buying currency in the US

There’s no limit to the amount of cash you can bring with you to Spain. However, you’ll need to make a declaration at customs if you’re traveling with more than €10,000 cash, including traveler’s checks). You bank will sell you euros at a competitive rate, though you’ll pay a commission fee.

How much money do you need to live comfortably in Madrid?

That’s why I think, in order to comfortably live in Madrid and enjoy your time here, you need to be bringing in at least 1000€ each month. If you want to live a bit more than comfortable, then you should plan to make around 1200€ each month.

How much money do you need per day in Spain?

Spain-bound travelers on a fixed budget can get by on a bare minimum of $32 to $45 per day, while a mid-level daily allotment including a modest hotel room, sandwich, dinner in a restaurant, drinks and a museum or two should run about $120.

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How much does a meal cost in Madrid?

Cost of Living in Madrid

Restaurants Edit
Meal, Inexpensive Restaurant 12.00€
Meal for 2 People, Mid-range Restaurant, Three-course 50.00€
McMeal at McDonalds (or Equivalent Combo Meal) 8.00€
Domestic Beer (1 pint draught) 3.00€

Is Madrid safe at night?

Madrid is very safe at night. The Madrileños keep very late hours and many go for dinner at 10 pm or later. So the streets at that time will be filled with people. If you are the only one on the street, go to a street with many people because there is safety in numbers.

Is it better to use cash or credit card in Spain?

In 2020, 54.1% of Spaniards preferred to use debit cards as their first choice of payment compared with 35.9% who opted to pay in cash. … However, cash is still the most used means of payment in younger and older age groups, the Spanish central bank said.

How much does a meal cost in Spain?

Cost of Living in Spain

Restaurants Edit
Meal, Inexpensive Restaurant 11.00€
Meal for 2 People, Mid-range Restaurant, Three-course 40.00€
McMeal at McDonalds (or Equivalent Combo Meal) 7.50€
Domestic Beer (1 pint draught) 2.50€

Are US dollars accepted in Spain?

Unless the current monetary situation is drastically altered, there is a reasonably favorable exchange rate in Spain when you pay in U.S. dollars. Prices in Madrid are generally high, but you get good value for your money.

What is a decent salary in Madrid?

While the minimum wage is showing a constant year to year growth in Madrid, average salaries remain the same for the past years. As of 2021 the average salary in Madrid is of around 1600 euros per month. In Madrid salaries usually range from 1000 and 3500 euros a month.

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Is 1000 euros a month enough to live in Madrid?

The English auxiliares in Madrid who go through CIEE get paid 1,000 euros a month. … Rent- To be honest, if you want to have a decent location in a cool neighborhood or somewhere close to the center, you should budget 500 euros for rent. It may be a little more, or a little less.

Is it more expensive to live in Madrid or Barcelona?

You would need around 3,454.65€ in Barcelona to maintain the same standard of life that you can have with 3,300.00€ in Madrid (assuming you rent in both cities).

Cost of Living Comparison Between Madrid and Barcelona.

Restaurants Madrid Edit Barcelona Edit
One-way Ticket (Local Transport) 1.50€ 2.40€