How much money do you need for a trip to Lanzarote?

How much money do you need for a trip to Lanzarote

Lanzarote is known for its volcanic landscape, beautiful beaches, and year-round sunshine. It is a popular tourist destination for people from the rest of Europe and countries all over the world. The cost of a trip can vary depending on your budget, but to calculate how much money do you need for a trip to Lanzarote.

How much does a trip to Lanzarote cost?

The amount of money you will need during your vacations in Lanzarote depends on your travel style, and on what you plan to do on the island. Are you travelling on a budget, or can you afford a luxury holiday?

There are options for any traveller. What you need to do is plan ahead to calculate how much money you need, and how you are going to spend it.

To help you make the figuring, we tell you the main expenses that you must consider:


Flights to Lanzarote from the United States start from $500 (€452) round-trip. But if you are travelling from London, a mid-range flight could be $332 (€300).


There are a variety of options to book in Lanzarote, from hostels to resorts. The average cost of a hotel room in Lanzarote is around $100 (€90) per night/per person.


The food in Lanzarote is affordable. You can expect to pay around $15-20 (€14-18) for a meal at a mid-range restaurant. This is the cost of eating out in Costa Teguise, Lanzarote, and other destination.


There are many things to do in Lanzarote, from hiking and swimming to visiting museums and historical sites. The cost of activities will vary depending on what you choose to do. You could spend around $20 (€18) per day for entertainment.

We recommend asking about the price of the excursions in Lanzarote in advance.


You can get around Lanzarote is by car. This will give you the freedom to explore the island at your own pace. But, there are also buses, taxis, and transfers from Lanzarote airport to Puerto del carmen and other towns available that are cheaper if you are on a budget.

How much money do you need for a trip to Lanzarote?

The cost of a trip to Lanzarote will vary depending on your budget. But, you can expect to spend around $165 (€149) per day on food, accommodation, and activities. This amount is an average. So, if you are travelling on a budget, it could be cheaper.

Also, that’s the cost for one person. Here is a sample budget for a 7-day trip to Lanzarote for two people:

  • Flights (if you are travelling from London): $663 (€600).
  • Accommodation: $1400 (€1267).
  • Food: $641 (€580).
  • Activities: $280 (€253).
  • Total: $2984 (€2700).

This is a sample budget of the prices in Lanzarote 2023, and your actual costs may vary depending on your travel style.

For example, if you are on a tight budget, you can save money by staying in hostels or guest houses. And eat at local restaurants, taking advantage of free activities, like visiting the beaches and natural pools.

But, if you have a more flexible budget, you can splurge on a nicer hotel, restaurants, and activities.

Also, the budget does not include transportation, because the cost varies a lot according to the option you choose.

Something to keep in mind is that non-European citizens must prove that they have enough money to cover the expenses of the trip. The amount is set at 100 euros per day and 900 for the entire trip. You can have them in credit cards, cash, bank accounts, traveller’s checks, etc. Border officials may ask you to prove that you have the money.

Do I need to take cash to Lanzarote?

Having cash in Lanzarote is always a good idea. You can use other payment options, like credit or debit cards, but cash has some advantages. For example, everyone will accept cash in restaurants or stores.

Also, by having cash, you will not have to search for an ATM in Lanzarote. This will save you time that you can spend enjoying your holiday. Also, when you withdraw money from an ATM, there may be a charge to your account.

When you travel to Lanzarote, it is better to bring low denomination euro bills. So you won’t have any problem when you go to pay. If you are going to pay a small invoice with a high denomination bill, it is likely that they will reject it. This doesn’t happen only in Lanzarote, but anywhere in Spain.

You can also take cash from your country and change it to Euros in Lanzarote. Make sure they offer you a suitable exchange rate.

In summary, although it is possible to use ATMs, change your money into euros or pay by card in most establishments, it is better to always carry some cash.

Tips for saving money on your trip to Lanzarote

  • Book your flights and accommodation in advance. The earlier you book, the more likely you are to get a good deal.
  • Be flexible with the date of the trip. So you will have the opportunity to find cheaper flights.
  • Consider staying in a smaller towns or villages. Accommodation in these areas is often cheaper than in the main tourist resorts.
  • Eat at local restaurants. You will find that food is much cheaper at local restaurants than at tourist places.
  • If you are in one of the main towns, like Costa Teguise, choose a restaurant away from the centre. So you have more chances of finding a menu at lower prices.
  • Prepare your own food if possible, it is cheaper than eating in restaurants every day.
  • Take advantage of free activities. There are many free things to do in Lanzarote, such as hiking, swimming, and exploring the island’s many parks and gardens.
  • Bring your own sunscreen, sunglasses, and hat. These items are expensive to buy in Lanzarote, so it’s best to bring your own from home.

No matter what your budget is, you can have a great time in Lanzarote. The island has something to offer everyone, from stunning scenery to delicious food to exciting activities. So start planning your trip today!

With this summary, you can know how much money do you need for a trip to Lanzarote. And also, we gave you some tips to save some money during your trip.

Our company seeks to deliver the best service you can find on the island today. We seek to optimise our clients’ time and resources, which is why we respect the schedules and offer the best prices for different transfers.