The Starred Bill Michelin Price Index

Q4 2026 edition · Prices as recorded on 27 October 2026 · Exchange rates of 2 October 2026 · Published 28 October 2026 · Method

A one-star Michelin dinner set menu typically costs $180 per person, a two-star $280 and a three-star $385, before drinks and service. Those are the medians of 3,502 published menu prices in 52 countries, recorded on 27 October 2026 for the Q4 2026 edition of The Starred Bill Michelin Price Index.

3,502 dinner set menus52 countries63% from restaurants’ own websites10% re-checked at source by the snapshot186 key prices checked before publicationPrices recorded 27 October 2026About the data

The index is our quarterly measure of Michelin star restaurant prices around the world. Each edition is worked out from one frozen snapshot of the prices on The Starred Bill, so every figure here can be worked out again from the same data. This is the first edition: it compares star levels, cities and countries, not quarters, so it says nothing yet about prices rising or falling.

What one, two and three Michelin stars cost

Each extra star raises the typical price, but the levels overlap: 8% of one-star dinner menus cost more than the typical two-star, and 13% of two-star menus more than the typical three-star.

Per person in US dollars at the exchange rates of 2 October 2026, before drinks and service. Medians of each restaurant’s main dinner set menu; the middle half runs from the lower to the upper quartile. Wine is the pairing with the dinner menu where listed. Set lunches are compared with dinner under “Lunch vs dinner”. Within the same country, the median two-star menu is 1.58 times the one-star median (the median over 13 countries with 10 or more menus at both levels) and three stars 2.03 times (7 countries), so the gap isn’t just that the dearest countries have the most stars. Price Index Q4 2026; how the index is made.

Michelin star prices by city

The 40 cities with 10 or more priced set menus, from the lowest median dinner menu to the highest, in US dollars before drinks and service.

Which city has the cheapest Michelin star restaurants?

Nara has the lowest median dinner set menu of the 40 cities with 10 or more priced menus: ¥18,150 ≈ $115 per person before drinks and service, from 16 menus. Next come Vancouver ($135) and Bangkok ($150).

Which city has the most expensive Michelin star restaurants?

Munich has the highest median dinner set menu as listed: €270 ≈ $305 per person, from 14 menus, ahead of Los Angeles ($300) and New York ($290). Munich, Los Angeles and New York are within 5% of each other, too close to call on these samples. Menu prices in the United States are quoted before tax and tip, though, so once what’s usually added is counted, Los Angeles (≈ $385) and New York (≈ $375) come out dearest, within 5% of each other. A city’s median mixes star levels: 7 (50%) of Munich’s 14 priced menus are at two or three stars, against 19% of all those in the index.

London vs Paris vs New York vs Tokyo

From the lowest median dinner set menu to the highest, in US dollars before drinks and service: Tokyo ≈ $200 and London ≈ $205 (about level), Paris ≈ $220, New York ≈ $290. With what’s usually added to the bill: Tokyo ≈ $200, Paris ≈ $220 and London ≈ $230 (about level), New York ≈ $375. Medians within 5% of each other are too close to call on these samples, so they are given as level.

Per person in local currency, with US dollars at the exchange rates of 2 October 2026, before drinks and service. A median needs 10 or more menus; below that the table gives the range instead. “With it” adds what’s usually added in each country, an estimate. Tokyo’s menu prices usually include the 10% consumption tax. Price Index Q4 2026; how the index is made.

Michelin star prices by country

Country medians mix big cities and country inns, so they say more about a country’s whole selection than about any one city. Where a country’s menu prices already include service and tax, as across most of Europe and in Japan, its listed median is closer to what you pay than a median quoted before them.

The cheapest set menus at one, two and three stars

Each restaurant’s cheapest set menu, whichever meal it is. For the cheapest starred food of any kind, hawker stalls and taco stands included, see the cheapest Michelin star restaurants in the world.

Three stars

The cheapest way into a three-star restaurant in this edition is Jade Dragon’s lunch menu at MOP$728 ≈ $90. Of the 157 three-star restaurants with a priced set menu, nine have one under $150 (seven of them at lunch), and the median three-star restaurant’s cheapest set menu is ≈ $355.

Each three-star restaurant’s cheapest set menu, lunch or dinner, per person in local currency before drinks and service, ranked by its value in US dollars, from 157 three-star restaurants with a priced set menu. Set lunches under a quarter of the same restaurant’s dinner menu are left out until checked, as that usually means a different kind of menu. “Checked” marks a price re-checked at its source, before the snapshot or in the check before publication; a booking site, review or the MICHELIN Guide is a weaker source than the restaurant’s own website. Price Index Q4 2026; how the index is made.

Two stars

From 505 two-star restaurants with a priced set menu, chosen and ranked as the three-star table above. Price Index Q4 2026; how the index is made.

One star

From 2,854 one-star restaurants with a priced set menu, chosen and ranked as the three-star table above. Price Index Q4 2026; how the index is made.

Michelin star lunch vs dinner

Where we can compare a starred restaurant’s set lunch with its dinner menu (1,037 restaurants), lunch is cheaper at 1,003 and typically costs 49% less, often for a shorter menu. Our records showed 965 restaurants charging the same for lunch and dinner. We checked 44 of them, chosen across France, Spain, Italy, Germany, Japan, Belgium, Switzerland, the Netherlands and four other countries, not as a random sample of the whole list: 28 genuinely serve the same menu at both, 10 have a cheaper lunch menu that hadn’t been recorded (the dinner price had been copied over), 5 don’t serve one of the two meals or had one recorded wrongly, and 1 couldn’t be settled. The copied lunches cluster where a restaurant publishes a separate lunch menu, as many do in France, Switzerland and the Netherlands (8 of the 15 restaurants checked there had a cheaper lunch menu that hadn’t been recorded), while every one checked in Italy and Belgium was right, so this looks like a systematic recording problem rather than stray typos. Of the remaining same-price records, 911 are unverified, so they are left out of the lunch figures until each is checked, and this edition doesn’t estimate how many starred restaurants charge the same for both.

Restaurants listing both a set lunch and a dinner set menu, comparing the two prices in local currency. The typical saving is the median among restaurants whose lunch is cheaper; the median lunch and dinner are of the same restaurants, in US dollars. Left out until checked: 911 lunches recorded at the same price as dinner and 0 under a quarter of dinner; and 67 shorter or unconfirmed lunches, which aren’t comparable with a full set menu. Price Index Q4 2026; how the index is made.

The biggest lunch savings

The largest gaps between a restaurant’s set lunch and its main dinner set menu, per person in local currency before drinks and service, ranked by their value in US dollars. The lunch is often shorter, so it’s a saving on the price, not on the same meal. Price Index Q4 2026; how the index is made.

About the data

Every price in the index was recorded from a source we name on the restaurant’s page, but only 10% of the dinner menu prices have since been re-checked at that source; the rest are as first recorded, between 2 October 2026 and the snapshot on 27 October 2026. 63% come from restaurants’ own websites, the strongest source. Treat single-restaurant figures, such as the cheapest menus, as a starting point and check the restaurant’s own page before booking; the medians rest on hundreds of prices and move little if a few are out of date.

The set menus in this edition by where their price was recorded from. “Re-checked at source” counts prices someone has gone back to their source to confirm since we started recording checks; the rest are as first recorded, between 2 October 2026 and 27 October 2026. Prices from the MICHELIN Guide were taken from its website before we stopped using it on 13 October 2026 and are being replaced with restaurants’ own prices. Price Index Q4 2026; how the index is made.

Left out of every figure: 269 restaurants listed with a typical spend rather than a set menu (most of them in mainland China), 92 priced by an à la carte main course, and 29 with no dinner price. Of the 3,894 starred restaurants in the snapshot, 3,502 have a dinner set menu in the index.

Before publication, on 27 October 2026, we went back to the sources of the 186 prices that the headline figures, the smallest city samples and the top of each ranking rest on: 108 were confirmed, 6 have changed since the snapshot (the edition keeps the price as it stood; the restaurant’s own page has the new one), 53 were wrong when recorded and are corrected below, and 19 could not be confirmed either way. The Eight’s MOP$498 set lunch, whose official menu couldn’t be opened to reconfirm it and which looks low for two stars, is left out of the rankings until it’s verified.

Checks since publication have found 6 more restaurants whose snapshot record was wrong when taken; they are corrected below too, with the day each was found, and the figures above include them.

Snapshot records found to have been wrong when they were taken, corrected in this edition. Prices that were right then but have changed since are not corrected here: the next edition will pick them up.

How the index is made

1. One frozen snapshot. Every figure comes from The Starred Bill’s Q4 2026 price snapshot, taken on 27 October 2026: each starred restaurant’s recorded dinner and lunch price, its currency, its stars and where the price came from, saved as it stood and never changed afterwards. The live site keeps updating; this edition doesn’t.
2. Set menus only. A restaurant counts with its main dinner set or tasting menu and, for lunch, its set lunch menu, per person, as published by its source. Typical spends and à la carte prices are left out, as they aren’t the same kind of price.
3. Medians, with a minimum sample. Every typical figure is a median, so a few very expensive menus can’t pull it up. A star level, country or city needs 10 or more priced set menus before its median is published; smaller groups show how many menus there are, or their range.
4. Local currency first. Prices are given in the currency the restaurant charges. Rankings across countries convert them to US dollars at the exchange rates of 2 October 2026 (ExchangeRate-API), fixed for the edition, so exchange rates never move a figure after it is published.
5. Before service, unless the country includes it. Menu prices are as restaurants quote them. In most of Europe and in South Korea that includes service and tax, and in Japan the 10% consumption tax; in the United States and Canada it is before sales tax and a tip; in Singapore and Thailand it is “++”; in the UK a 12.5% service charge is usually added. The “with service, tax or tip” columns add each country’s usual charge, an estimate, as some restaurants differ.
6. Odd prices are checked, not dropped. A set lunch under a quarter of the same restaurant’s dinner menu usually means a different kind of menu was recorded. These are left out of the rankings and lunch figures until checked, and counted once confirmed. So are shorter lunches (two-course, business, bistro and the like, by their own description) and any price the check before publication couldn’t confirm, as neither can stand for a full set menu. Before publication, the prices behind the headline figures are checked at their source: a record that was wrong when taken (a lunch filed as dinner, a shorter menu filed as the main one) is corrected in the edition and listed under “About the data”; a price that has simply changed since is kept as it stood, as the edition describes the quarter.
7. No change over time yet. This is the first edition. Changes from one quarter to the next will compare the same restaurants, the same menu and the same currency, using only prices re-checked or changed between the two snapshots, from the second edition on.
8. Cities and stars. Stars are as in the snapshot. A city is its own page with its districts (London’s neighbourhoods, New York’s boroughs), or a city-state; restaurants in smaller towns count under their own town.

Using these figures

Journalists and researchers are welcome to quote the index, with a credit and a link to this page:

The Starred Bill Michelin Price Index, Q4 2026. https://starredbill.com/guides/michelin-price-index/

Each figure has its own link (the # beside it). We don’t publish the restaurant-by-restaurant data behind the index yet. Seen a price that has changed? Use “Report a price or change” on the restaurant’s page and we’ll check it for the next edition.