The most common question Addicted gets asked by Ibiza first-timers is: how much money should I take? There is no doubt about it, Ibiza is an expensive island. The only real answer is: how much do you want to spend? The Balearics have always been the playground of the rich and famous, and prices are higher than in much of mainland Spain. You'll also noticed that on the whole, Ibiza Town and the surrounding area is a bit more expensive than San Antonio and the surrounding area.

Here is Addicted's rough guide to what prices you can expect. Add them up to get a rough idea about what is right for you. It is possible to do Ibiza on a budget but prices are starting to creep upwards again after a slight fall over the past couple of years. Help us out if we've missed anything important by posting your experiences.

Euros Restaurant (local). Lunch plus one drink. €10
Restaurant (local). Dinner plus one drink. €15-20
Restaurant (quality). Food plus one drink. €40-60
Taxi (short trip). €10
Taxi (San Antonio – Ibiza Town). €30
Beer – supermarket (large bottle). €1
Wine – supermarket (bottle). €5+
Beer or wine (glass) in bar. €5
Mixed drink (bar). €10
Mixed drink (club). €15
Club entry (avoid buying on the door). €20-50
Car hire (week). €400

Exchange rates on 29th May 2011: €1 = £0.87 = $1.43