Lisbon is widely considered the most affordable capital in Western Europe, offering a significantly lower cost of living than Paris, London, or Amsterdam. In 2026, a mid-range traveler can expect to spend between €110 and €150 per day. You can still find traditional "tasca" lunches for €8 to €12, and a quality dinner with wine for around €25. Accommodation has risen in price due to the city's popularity, but it remains 30–50% cheaper than other major European hubs; a nice mid-range hotel typically costs €120 to €180 per night. While it is "expensive" compared to Eastern European cities like Warsaw or Sofia, it provides incredible value for money, especially regarding its public transport (a 24-hour pass is about €7.25) and its world-class museums. For the best value in 2026, visiting during the "shoulder" seasons of May or October allows you to enjoy the city's coastal charm without the peak summer price hikes.