Formula 1 tickets are expensive. Prices vary drastically depending on seating and accommodations. The average ticket price for single-day admission is about $2,000 in 2022. The cheapest tickets are in Hungary, Japan, Bahrain, Australia, and Canada. The most expensive are in Las Vegas, Miami, and the 3 USA races. Most 2023 tickets are almost sold out.
Average Prices and Trends
On average, a 3-day Formula 1 ticket costs $508 in 2023, up 35% from 2022. The cheapest 3-day tickets for 2023 are Mexico City at $165, Bahrain at $165, and Australia at $250.
General admission tickets for 3 days usually cost between $125-$225. Single-day tickets range from $100-$180. For example, Singapore and Mexico offer main stand tickets for $1,052 and $1,536, respectively. Attending the Miami GP costs $1,900 for main stand tickets. Saudi Arabia has the cheapest Friday-Sunday package.
Additional costs like travel, hotel, food, and merchandise also add up. The difference between the highest and lowest priced races in 2022 is $600. Territories like Monaco tend to have more expensive tickets than locations such as the Azerbaijan Grand Prix.
Luxury and Exclusive Offers
The most expensive tickets are the Paddock Club packages, costing over $5,500 for the 3 days of competition. They include exclusive access to drivers, teams, and suites.
Cheapest Races to Attend
Budget-Friendly Races
The cheapest F1 tickets are offered in Hungary, averaging $184. Other affordable options include Japan ($231), Bahrain ($265), Australia ($276), and Canada ($297). General admission provides the cheapest access to races in Hungary ($86), Austria ($107), and Italy ($107).
Japan offers affordable tickets in light of average monthly salaries, with a 3-day grandstand ticket costing less than 5% of monthly salaries. Other relatively affordable options for locals include Singapore, Canada, and Australia.
Additional Expenses
Keep in mind that additional expenses like lodging, food, and merchandise accompany ticket prices. Demand plays a significant role in pricing; more popular races like Monaco tend to have higher ticket prices compared to less sought-after locations such as Azerbaijan.