Valencia is generally quite an affordable to visit. It's much cheaper than Madrid or Barcelona. However, food, drinks, and tours can really add up if you aren't watching your spending.
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Summary of cost of living in Valencia, Spain: A family of four estimated monthly costs are 2,466.2$ (2,332.0€) without rent. A single person estimated monthly costs are 695.6$ (657.8€) without rent. Valencia is 53.1% less expensive than New York (without rent).
It is famous worldwide for its rices, such as paella, and its citrus fruits. The cuisine of neighbouring regions have given and received important contributions from Valencian gastronomy, amongst them Balearic cuisine, Catalan cuisine, Aragonese cuisine, Manchego cuisine and Murcian cuisine.
Valencia has one of the liveliest party scenes in Spain. Its streets are lined with buzzing cafes, bars and clubs, and you'll find an exciting festival for each month of the year.
Valencia not only ranks first overall, it is also the best city in the Quality of Life Index. Expats love the infrastructure for Travel & Transit (3rd): 85% describe public transportation as affordable (vs. 70% globally).
However, the most exclusive areas are bunched together to the east of the Cathedral mostly. Here we have La Seu the area around the Cathedral and Plaza de la Reina running down towards La Xerea to the East and both of these lie to the North of Sant Francesc, the main shopping area of Valencia.