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Cost of living in Spain is low, even in the cities. Leaving aside rent or mortgage paymentsâand depending on your lifestyleâa couple could easily live on $18,000 to $22,000 per year and still eat out regularly. Once you know where to go, a meal for two with wine or beer can cost as little as $22.
Spain Travel Budget: Example Prices. Here are some pointers on how much you should expect to pay for things when in Spain. 1  Accommodation Budget: For a bed in a dorm in a youth hostel, expect to pay between 13â¬ and 24â¬ per night, for a double room in a pension, double that.ith regards to the kinds of costs you would have as a tourist in Spain, you can broadly divide Spain into three sections: 1  Bilbao, San Sebastian and other Northern Cities Slightly more expensive than Madrid and Barcelona. 2  Madrid & Barcelona Similar to each other.