The age old "rule of thumb" for cruising costs was US$12K/yr for small boat/backpacker young healthy people and old folks who like deprivation living.
- - US$25K for moderate size monohull
boats with a healthy middle aged couple with grown children
out on their own.
- - US$50K for upscale living in a comfortable fully equipped mono or catamaran
- - Beyond that there are significant variations based on age, destinations, and what you want to get out of the experience as mentioned by Roaring Girl. Subsistence living on land or sea can be cheap
but maintaining your equivalent lifestyle to land living on the water
is going to cost money
- - A huge factor in the costs is the boat
. New has upfront costs but minimal upkeep costs. Old has low initial costs and large (sometimes enormous) upkeep costs. If you must purchase
all your repairs
retail you are looking at some expensive cruising. If you can do maintenance
yourself and removals and installations of replacement equipment
you can save enormous amounts of money
. Your taking 5 hours to fix something is a lot cheaper than paying a boat mechanic
$500 or more for doing the same job.
- - So that is why the cost of cruising has such a wide variation in figures. Nobody is really "average" and no two boats are the same.