I will echo the previous replies. First, this is in the top three most asked questions so a little research
on the forum will give you hours of reading.
Here's a couple of the longer discussions.
Cruising on $500 per Month . . .
Shoestring Sailors (Cruising on $500 per month - part II)
And to go along with seasick's comment, the question is like asking how long is a piece of string. To put it in more specific detail, there are so many variables and your question is so open ended that an accurate answer is not possible. Some of the many things that can impact cost A LOT!!
. On a power boat
how much will you be traveling and will you cruise
at slow, displacement
speeds (like 7-9 kts) or fast, planning speeds like 15-25 kts? At planning speeds the fuel consumption
could 5-10 times more than you would use at displacement
speeds. Based on typical fuel costs in the islands this would translate into $300-$400 in fuel for a day cruise or under $100.
out will save a lot. For 40-50' boat a marina could cost $25-$250/night. Just like hotels, a room in a fancy hotel
in a big city will be way more than a Holiday Inn on the side of the freeway in the middle of nowhere.
will be another big variable. Cook on board or eat out? Wine every day? Caviar or spaghetti?
. Do it yourself or pay a marina? If you pay a pro it will cost. Day to day, week to week the maintenance
won't be much: oil
and filter changes, new belts, pump impellors, etc. Then there will be the occasional bigger expense like a new water
pump, a new heat exchanger
Then there's always the risk (small with a little bit of luck and if you checked out the boat carefully) of the big hit, like rebuilding or replacing the engine
. The big hits you can't plan for but need to be ready just in case.
. What type of policy? Full coverage or liability only? What's your experience and where will you cruise? If you want full coverage for the Caribbean
figure a few thousand/year.
6. Personal expenses like health insurance
, etc will be similar to what you have now.