Since it’s the new year, lots of people start thinking about what they’re going to do for vacation(s). Most of us also start planning our vacation budget. So, what does the average vacation cost?
I decided to use my vacation budget planner (updated travel budget vacation cost worksheet) and get a basic idea of what the average vacation cost is for a family. Of course, these numbers are just averages to help you in your planning. (Based on a family of four traveling for one week)
Transportation: $1500 – based on about $1200 for airfare, $200 for a rental car, $100 for parking or shuttles. If you’re driving your transportation costs will probably be less. Look at my post about deciding to fly or drive for information on comparing costs.
Accommodations: $1300 – based on $150 + $22 tax / night for 7 nights hotel and $96 hotel fees/tipping. This is an average hotel rate for most 2-3 star hotels in most domestic cities. International prices or higher star properties could cost more. You could save money by considering a home rental option.
Activities: $400 – based on visiting 3 attractions for $100 each and $100 souvenirs. Of course, if you’re planning a big Disney or theme park vacation these costs might be too conservative.
$800 – EDITED: costs seem to be rising from when I first wrote this post, so for a family of four I’d plan on $160 a day ($30 breakfast, $40 lunch, $20 snacks, and $70 dinner). If you like to enjoy cocktails, be sure to add that into the costs, those can run $9-$15 each. Planning for food I typically budget $100 per day (based on $20 for breakfast, $30 for lunch, $50 for dinner) then add snacks and drinks at $10 per day. Of course, if you don’t eat out every meal (hotel breakfast or cook in your room) you can save money.
And, what do we have??…about $4300 total
$4000 total. Yep, a nice and even number. As I said earlier, there are a lot of factors that can adjust this number. But, based on what I’ve calculated the average vacation cost for a family (of 4) will be about $4000. Check back soon for my post about ideas for saving up money for your vacation!