Cost to Live on a Boat and Cruise? (Part 1)
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What will it cost to liveaboard and travel?  Just like life on land there are many variables.  If you are trying to figure a cost estimate, as we are, here are some of the factors to consider:

  • Size of the boat- maintenance cost
  • Repairs
  • Dock, moore or anchor?
  • Fuel
  • Eat out or in?
  • Luxury items
  • Location
  • Insurance
  • Upgrades
  • Satellite tv
  • Car rental

There are several cruisers that have documented their cruising/liveaboard expenses while traveling.

 

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S/V Groovy  2008 Hunter 44DS, 2 adults “For us, keeping a boat in Mexico, living on it and groovy sailing it 6 months a year, maintaining it, flying back and forth to it, insuring it and storing it when we’re not there costs around $13,000-$14,000 per year.  If we were on it full-time and didn’t fly back and forth or store it, our annual cost would be around $21,000-$24,000.”

 

 

 

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M/V Viking Star – 45′ Ed Monk Sr. / McQueen ‘trawler’ Here they give a “rolling spreadsheet of monthly expenses.  It is quite comprehensive.  This is the latest:

Viking Star Costs June 2013

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S/V Luckness Pacific Seacraft 37, 1 adult. Craig McPheeters describes his cost after his first year cruising. “I kept rough track of the money I spent, without spending too much time on categories or detailing every purchase.  I don’t know how much I spent on food for example as I would withdraw a wad of cash from an ATM every now and then and spend it on equipment, food, moorings, and whatnot until it ran out when I would go for a refill.  I spent $35,000 over the year.  My most expensive month was almost $7,000 dollars last November when I was in San Diego where I was in a marina for almost a month and I bought a bunch of equipment (such as a sextant, some machined parts, etc.)  The following month I spent around $900, as I had lockers bulging with food that I could live off for a while.”

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S/V Del Viento –  1978 Fuji 40, 2 adults and 2 kids. Michael and Windy have logged their cruising expenses. They have calculated their expenses as follows: del viento

2010 TOTAL EXPENDITURES:  $77,644

2011 TOTAL EXPENDITURES:  $47,925

2012 TOTAL EXPENDITURES:  $71,239

 

 

 

 

 

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S/V bumfuzzle 1982 43′ Spindrift Pilothouse, 2 adults and 2 kids.  Pat and Ali have put together a detailed spreadsheet. Here it is:

       
   
jan 2012
feb 2012
mar 2012
apr 2012
 
diesel
117.77
0
0
426.64
 
walmart
514.46
294.51
358.44
47.65
 
food
600.29
576.12
690.54
738.67
 
marina/mooring
524.63
876.17
757.82
620.85
 
boat expenses
857.19
2,085.11
633.36
216.90
 
other
720.39
651.96
1,262.00
633.49
   
3,334.73
4,483.87
3,702.16
2,684.20
  Jan: half month in marina; boat includes $450 deposit for new davits
  Feb: month in marina; boat includes finished davits $667 and fridge compressor fix/new $568
  Mar: half month in marina; boat includes fridge repairman $298; other includes three nights in condo for boat work $354 and 2011 Federal tax payment
           
   
may 2012
jun 2012
   
 
diesel
468.11
59.51
   
 
walmart
282.63
291.00
   
 
food
919.13
656.54
   
 
marina/mooring
302.29
773.94
   
 
boat expenses
211.83
765.93
   
 
other
513.78
543.79
   
   
2,697.77
3,090.71
   
  May: Puerto Espindido for over a week; mooring fees $90, taxis to Loreto $104, Ouest to the E.R. $93
  Jun: La Paz and Puerto Vallarta marina fees; new water pump

 

 

bumfuzzle

bumfuzzle

 

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 More cruiser expense logs coming soon in (Part 2)…

 

 

Comments

Cost to Live on a Boat and Cruise? (Part 1) — 2 Comments

  1. Boat expenditures are made in the same sort of manner as house/car/life expenditures. People (and Americans, in particular) are spendthrifts. They spend what they have. That’s why the numbers on your blog are all over the charts (nautical lingo 🙂

    The bare maintenance costs that are related to the boat, as shown in the spreadsheets, are commonly quoted (what – maybe 10 percent of boat value annually?) They are the only fixed costs. Most others can be mitigated to almost nothing, depending on lifestyle.

    One thing about being out on the water – there are no stores/shops/malls/car-dealerships to be spendthrifty at!

    • Ronald, that’s a great point about being mall-less. The temptations are probably much less. I’m anticipating that one of my biggest luxuries that I will have to resist will be eating out. I love trying new foods almost as much as hate cooking 🙂 I suppose when your out there and trying to keep yourself out there, you realize what is really important 🙂