Originally Posted by Meerkat
Quite surprised to see that Sue & Larry's expenses were only $13,476 a year in 2005.
So that'll be about $15,000 now?
I guess our pensions of $50,000 will be adequate to fund a liveaboard
- - Cruising World magazine did a survey
and story about a decade ago on total costs of living full time and cruising on a sailboat. This included all expenses including health
, boat maintenance
, airfare home, everything. The divided the categories into 3 - for $10-15K per year for super economy like a young couple who are happy with the "camping-style" life of always eating on board and using bicycles or buses on land and not trips home. Also being young their healthcare was minimal.
- - "Middle income" style of life was in the $25-30K range with once a week eating out, one trip home per year to see the kids
, one or two days after an ocean voyage in a marina to sort out and clean then anchoring
out the rest of the time. Plus healthcare for a 50-60 y.o. folks.
- - Finally the top end style was $50-60K for marinas
whenever in port; 2 or 3 trips home per year; lots of eating out and healthcare for 60yo+.
- - Those numbers can be upgraded by maybe 25% to bring them to today's prices although the low end might not need more than 10% and the high end maybe 30% or more. I spend $50K per year on the high end lifestyle of a permanent live-aboard in the Caribbean
- - Another rule
of thumb is to take the total cost of living your chosen "lifestyle" on land and divide by 3 to get the equivalent lifestyle cost "on the water
- - Anyway $50K would put you into the high end lifestyle easily. But you need to be a bit wary as things like insurance
- boat and personal have escalated dramatically in the last decade. Living offshore
for more than a month and you need International Healthcare insurance
which could be a large expense. All these numbers are for voyaging cruisers who are traveling the islands and foreign countries and not for live-aboards staying inside USA waters.