The Spanish town of Corralejo is famous for its relatively democratic prices by European standards. The main expenses are the flight and accommodation, and there are not so many hotels, and all of them are of a rather high class, which means that they are not cheap.
But food, excursions, shopping and entertainment are quite cheap. The cost of gasoline in Playa de las Americas - about 1 EUR, the average check in restaurants, coastal cafes - 20-30 EUR for the "sea" menu or traditional sandwiches, steaks, pizza. So the daily budget for a vacation in Corralejo can start from 30-50 EUR.