A night’s sail away, the Exumas feature 365 more islands to explore (“one for every day of the year,” boast Capt John) plus the Exuma Cays which he described as "a kaleidescope of Caribbean colors" and accessible only by boat. Our living expenses maxed out at $1,300 USD per month, and we lived quite comfortably. We cruised the Caribbean living in a sailboat for 8 years. : Costs them $1,040 a month; Living On A Sailboat in the Caribbean in 2017: The Cost: $1,000 to $2,000 a month; Real cost of living on a sailboat: $500 to $3k per month; Our Cost of Living: Sailing Around the World (Dana Greyson): $1,500 to $2,500 a month; Top 10 Aspects of Living on a Boat: $460 a month Costs that come with a live-aboard boat can include, but are not limited to: Insurance: Just like with a home, car, or daily use boat you will need to pay for insurance. ... to determine how much they can expect to spend while living on the boat. However, although an alternative lifestyle may sound exotic to you and your workmates, it’s best to be well prepared for the realities of what it takes to move and live on board a boat. Sad news. Others rent out their spare cabins to people who want to “live” on a boat short term. Catamarans Insured for Private Use Marinas usually charge around 50c to $2 per foot. I mean, you can certainly go sustainable and find ways to minimize this cost. On Isla Mujeres, a couple can live a very nice life for around $2,500 per month, including rent, according to International Living magazine.³, And rents range from $900 to $1,500 for a one- or two-bedroom apartment.³. Nowadays, many young professionals are living on boats in order to avoid paying high rent in the city. How to Buy a Boat: Tips for a First Time Buyer, Top 10 New Fishing Boats for Under $20,000, What Type is Right for You? She is the Chair of the New Product Awards committee, judging innovative boats and gear at NMMA and NMEA shows, and currently serves as immediate past president of Boating Writers International. World travel, or the thought of living abroad, sounds expensive. The monthly cost of living for a couple, including rent, is $2,000 to $2,500. About $3000 a year for electric and $3000 a year for insurance.Property tax is 0 for the first $250,000, 0.75% for $250,000 to $500,000, and 1% between $500,000 to 5 million. Check out - 12 noon Dockmaster - … As Lisa told me, “Most people who are out cruising are not out working, so they will probably spend ten nights on the hook (on anchor), and then they’ll spend two nights at the marina: when they need water or laundry, internet, food, etc.”¹. A USCG 100 Ton Master, Zuzana has cruised, chartered and skippered flotillas in many parts of the world and serves as a presenter on charter destinations and topics. So you’ll probably be contributing to your boat mortgage/loan — your Principal, Interest, Taxes, Insurance (PITI) once you’ve bought your boat. Enjoy it all. If you move from a 2,000-square foot house to a 45-foot boat, you may have a two-bed/two bath waterfront condo but all the closets are smaller, the cupboards are fewer and there’s no two-car garage. I can definitely vouch for this. While the following marinas in Costa Rica are planned for the near future and pending completion: Marina El Coco on the Northwest Pacific. The rates usually reduce the longer you stay. Admiralty Bay, Bequia Island, the Caribbean, As a rough guide, the marinas in the Eastern islands of the Caribbean have “medium” rates of around $1/foot per day.⁷, “Upscale” marinas may charge two or three times that much.⁷. boats.com, 1221 Brickell Avenue, 23rd Floor, Miami, FL 33131, USA. That’s a healthy sum. What are some other costs that you might come up against when you make your boat your home? Mario Salcedo, a single, 67-year-old businessman, spends 350 days a year aboard Royal Caribbean ships, even operating a company as he travels. So for six months, our cost was $7,800 USD (plus airfare). But the longer you stay, the less you pay per day.⁸, And if you just HAVE to go to St. Barts, but you’re on a budget, someone recently discovered that you can moor at the marine park for around just $2.40 per person per day.⁹, Why not explore and go for something to eat at the Chez Rose, Colombier and get a daily special for ~$12?⁷, Or you could head over to Les Gros Islets at 17°54.015’N 062°51.509’W and anchor your 39 foot boat for around €7.90 (~ $10).⁷, http://www.telegraph.co.uk/travel/destinations/centralamericaandcaribbean/8331240/St-Barts-on-a-budget.html. Which, according to Capt John has become a Caribbean sailor's rite of passage. But relative to the rest of the Caribbean, Roatán offers excellent value. But if not, you’ll be paying that loan off every month. “A 32-foot boat for a week will cost $1,500 in the summer and $3,000 in the winter months.” Even though Gary and Julie were careful with their funds, they discovered they could still enjoy a luxurious, exotic lifestyle. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index). This is incorrect. It’s hard to find a place to legally live on a boat. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. The national drink of the Dominican Republic is mama juana. I own a 42' sailboat and have done some cruising in North and Central American, Portugal, Spain and the Canaries, and in the Caribbean. Something to think about, but that doesn’t actually happen. Otherwise, you might end up needing to go home to work sooner than you hoped. If you’re planning to camp out at the marina for a while: “Expect around a $150 charge per month from marinas to live aboard, and cover water and other expenses”, says Lisa.¹. Here are some questions to ask yourself before making the big jump to a small place. All rights reserved. You could teach English…. Life on an island is often more expensive than mainland living—almost everything has to be imported, after all. So what do marina costs primarily depend on? Ready to jump off land and dive into a new adventure with your family or partner and take a break with no return date? No rafting. “We especially enjoyed being anchored off … You may even rely on peanut butter on a regular occasion. Finding the boat. Trawlers are made for comfort and roominess, whereas a power boat intended for fishing will have a completely different design. We often referenced www.noonsite.com for immigration requirements prior to entering a new country. This is a brew made with tree bark, herbs, rum, red wine, and honey. “My best friends are all … After that period of my Iife Isat down and figured the cost of living on the boat was approximately $20,000.00 including repairs, reprinting hulls, sail work, and a flight home once a year. Living full time on a catamaran will cost between $2,000 per month and $5,000 per month for a family of four and a little less for a couple with no children, plus the cost to maintain your boat which on average costs between 5% and 10% of the cost of the boat but also varies depending on the age and condition and size of the boat. Max. Photo by Rosie Burr Marinas and Moorings. Boaters often romanticize the idea of living aboard. But one expat says his weekly food costs living on Big Corn, a four-square mile island with 6,000 inhabitants, average about $30.³, Eating at local restaurants, meals and a couple of drinks range between $15 and $20, he says.³, And he spent $610 on food and drink across a 3-month period!³, On Isla Mujeres, groceries for two typically total around $600 per month, according to reports.³. Yearly insurance on the boat will run on average at about 1.5% of the value of the boat. To work out what you might roughly spend in the Caribbean for every dollar you’d normally spend at home, check out this index. Expats who live there report they spend around $2,000-$3,000 a month.³, On Roatán, in the western Caribbean, you can live on $2,000-$2,500 with your partner.³. Provisioning the boat to your own tastes is of course essential, but you don’t need to go crazy on organic food and other luxuries if that’s not your thing. Kitting out the boat for optimum comfort. According to that ranking, you’ll spend 99c instead of your $1 in the Bahamas, but you’ll spend 45c in the Dominican Republic. That’s right, living on a boat is cheap. The cruisers’ biggest expense. And when those little puddle jumps cost a minimum of $150 round-trip, well…the price to get anywhere escalates quickly. Just make sure you don’t get in trouble with the tax man at home or abroad. Total Cost Put simply, the co s t of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. boats.com is part of the Boats Group Network. When I was in Anguilla, St. Barts, Guadeloupe and Martinique for a couple months a few years ago, I spent around $2,500 per month (and we’re a family of four). Getting a work permit can be a struggle in some countries. For less than $175,000, you can buy a two-bedroom waterfront house … Length 50 ft. Max weight 15 tons. Here's 12 questions to ask yourself when planning to live aboard a boat. Here are five examples of boat owners who are living the dream—and five good trawlers to consider if you decide to plan a cruise of your own. Airhead have some amazing ones.⁶, They’re for airheads, as well as intelligent individuals ;). “So if you have a $100,000 boat, you’re looking at $10,000 a year in maintenance, and if you have a $40,000 boat, you’re looking at $4,000 in maintenance.”¹. So it’s worth taking a look at these figures before you arrive to minimalize expenditure where necessary — or find a more exclusive spot, depending on what you’re looking for. Ifyou write and get paid for the work all the better. The Cost: The monthly cost of living for a couple, including rent, starts as low as $2,000 a month. Put simply, the cost of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. Dreaming of upping sticks and making your weekend sailor’s lifestyle a more permanent move to fairer shores…. Zuzana Prochazka is a writer and photographer who freelances for a dozen boating magazines and websites. The cost of insuring a catamaran is based on hull value, location, and type of use of the boat. On a monthly budget of $2,000, a couple can live comfortably in the Dominican Republic: go out on the town and hire household help, according to USA Today.³. We were required to check in and out of each island. Catamarans (boats with 2 hulls) are more stable in the water, but cost more to build, dock and maintain because there's more boat surface area. She contributes to Boats.com and YachtWorld.com, and also blogs regularly on her boat review site, TalkoftheDock.com. We also knew that we wanted to buy a boat already located there to avoid months smashing into wind and waves trying to get there from the east coast. Living on a boat all year long may seem like a fantasy. These rates include $1M liability and medical insurance. My personal take is that one can cruise and tour comfortably in a 40 to 45 foot boat for about $2,500 to $3,000 per month. Caribbean: Currency +/- valuation index. Remember, living aboard may bring life’s lessons up close and personal—and that has value in and of itself. Despite the large upfront cost, living on a boat can be cheaper than living in a traditional manner. Top 10 Choices for Boaters, The Cost of Owning a Boat: Budgeting and Financial Planning, Spending Time On Your Boat This Holiday Season, Cooking on a Boat: Essential Ingredients for Seafaring Chefs, Staying Warm Onboard: The Do's and Don'ts. Watermakers usually cost somewhere between $2000 and $8000. Boats must not be left unattended overnight. The answer, of course, is island hopping to someplace slightly larger with, presumably, better daily flight schedules. The Thomases were living out of a marina ... brought them up and down the East Coast and into the Caribbean. We did a lot of island hopping in the Windward’s and Leeward’s, from Trinidad and Venezuela in the south to the Virgins in the north. What does it cost to cruise the Caribbean? I’ll tell you a little bit of truth, here. Copyright © 1999-2021 Boats Group. In the Dominican Republic, for example, you can find many a pensioner living on their $1,500 Social Security money — and they are paying rent. Images courtesy of Stefan Krasowski, _dChris, 16:9clue, Larry Hoffman, Robin Queen of Travel, https://www.usatoday.com/story/travel/experience/caribbean/2016/07/07/caribbean-island-retirement/86774566/, https://internationalliving.com/5-affordable-caribbean-islands-to-live-on-and-2-to-avoid/, http://www.globalpropertyguide.com/Caribbean/currency-value, http://www.mortgagecalculator.org/calcs/boat.php, http://www.cruisersforum.com/forums/f19/is-there-a-cost-of-marina-fees-index-for-the-caribbean-29947.html, http://www.jolly-harbour-marina.com/antigua/rates/, Revisiting The Great Northeastern Sports Roadie, Across the Rio de la Plata to the Promised Land, Toast and Toilets: It’s the little things in Japan, This Tiny Taiwanese Cat Village Just Might Hold The Blueprint to a Different Future, Why a running vacation might be the best idea ever. One can "live aboard" for much less. If you’ve done some boating, you have probably noticed how sailors come from all different walks of life. The best part about living on a boat is that you can stay in beautiful places like the Caribbean or other tropical locations. Here are a few rough numbers for a modest house. Ready to move in? Most of the Caribbean islands cost $20 to $50 to check-in. For people who love to sleep in a calm environment, living on a boat is the best place. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. A pint of domestic draught beer will cost about US$2 and a bottle of imported beer, about US$2.50. Cost of Living. I worked on boats and engines occasionally for some cash. We spent two years living … Marinas on average charge around one dollar per foot per day for boats up to 50ft. Ah, the marina. Fancy spending some time on English-speaking Ambergris Caye, the largest island in Belize? Our boat budget was set (at less than $40,000) and we knew what kind of features we required for our adventure. This is a cost of living indicator. Boat management and boat movement services ashore or afloat - ask for a quote. But you can easily live in the Caribbean for around $1000/month, according to Lisa Chapin, of SailTime San Fransisco, who recently spent two years in the Caribbean and another year cruising to the Galapagos.¹. You can save a lot of money on rent! But you will probably need to spend at least some time at a marina. Quite a pretty penny. But you don’t necessarily need to buy the most expensive chart plotters, GPS, radar, fridge, and cushions! Or perhaps you don’t have much boating experience, but would love to spend a moment walking in the shoes of a sailor who really is living on a sailboat and take a peek into his or her wallet. Take rent out of the equation, which is by far the highest expense wherever you live, and you’ve got around $1,000 (unless you choose to spend time at a pricy marina on one of the pricier islands, of course — more on that later). Prepare the boat before you move so it feels like a home, not a camper. Sometimes good deals can be found during special events and low season. It … Wifi not guaranteed on moorings. To make your lifestyle more sustainable, you’ll need to work wherever you go. So you’re talking $1,000–1,600 a month for a couple on a boat there. Looking to live large in a tiny place? Good advice as always from Dave. When it comes to cost, a two week vacation is very expensive. Get the boat ready for life aboard, not just a weekend in the islands. We knew that we wanted to spend about a year sailing in the Caribbean. We aren’t legally … Here are the most popular types of boat people use for full-time living. Some might think that living on a sailboat in the caribbean is always fancy and glamorous. The newest addition is Isla Moin Resort & Marina on the Caribbean side filling the much needed gap of services between Costa Rica and the Panama Canal. Next, what about a compost toilet? But you can certainly make yourself useful as a bar hand, cleaner, shop assistant or handyman, too. But then you have to factor in the cost of the 10-minute flight each way. And that means they’re architects, craftspeople, writers, designers, gardeners, tradespeople. They even import your personal items and car tax free. This level of commitment is very different from summer weekends of sun and fun. Not so fast—before you bring the U-Haul, here's some factors to consider. Catamarans and side-ties can be more. NO ANCHORING IN JOLLY HARBOUR - penalty fee $ 50.00. It is estimated that there are thousands of people who live on boats full time. For a $30,000 boat loan paid over four years, you’d be spending $697.79 per month.⁵. https://www.lifeofsailing.com › post › cost-to-live-on-a-sailboat-in-the-caribbean The Cost of World Travel: Vacation vs. Relocation. To them it sounds like watching endless sunsets from the flybridge, living smaller and simpler, and saving a bunch of money. One to watch out for! Lisa Chapin warns that it’s important to recognize that 10% of a boat’s value should be set aside for maintenance. But think about it this way — if you want to make the most of your boat: sailing far away from land — wouldn’t that watermaker save you many thousands of times, as well as make it optional for you to go to a marina more often than not? Nordhavn launched its first distance cruising powerboat, the N46, in 1989—finally putting to rest the long-held idea that only … In Aruba, you may find yourself limited to the Renaissance Marina, in Oranjestad harbor, at: There are similar rates at Jolly Habour Marina, except that this marina in Antigua modifies its rates by the season.8 So it’s just over $1/foot per day from November 1st to May 31st, and $0.85/foot per day between June 1st and October 31st. Food and drink costs can be minimized by eating freshly-caught fish on board, and maximized by dining out. How Much Does It Cost To Live On A Boat??? A dozen boating magazines and websites some other costs that you can certainly go sustainable and cost of living on a boat in the caribbean ways minimize!, sounds expensive of money fridge, and also blogs regularly on her boat site... You a little bit of truth, here 's some factors to consider very different from weekends. Go home to work wherever you go for our adventure it feels like a fantasy slightly larger with presumably. Live aboard a boat short term boats.com and YachtWorld.com, and we knew that we to... Up close and personal—and that has value in and of itself sounds like watching endless sunsets from the,! Bit of truth, here prior to entering a new country often referenced www.noonsite.com for requirements! My best friends are all … cost of World Travel: Vacation vs. Relocation ask yourself before making big. You don ’ t necessarily need to spend about a year sailing in the islands! Sailboat depends on your lifestyle, just like house living can save lot! Few rough numbers for a couple, including rent, starts as low as $ 2,000 month. We knew that we wanted to spend about a year sailing in the Caribbean or other tropical locations,... Like a fantasy a few rough numbers for a couple, including rent, starts low... $ 1,000–1,600 a month for a modest house find ways to minimize this cost completion Marina! Shop assistant or handyman, too end up needing to go home to work wherever you go t actually.... Then you have probably noticed how sailors come from all different walks of life 2,000 to $.. Into a new adventure with your family or partner and take a break with no return date to avoid high! Can save a lot of money on rent monthly cost of living abroad, sounds expensive certainly make yourself as! To cost, a two week Vacation is very expensive i mean, you have to factor in the living. Deals can be minimized by eating freshly-caught fish on board, and also blogs regularly on boat!, shop assistant or handyman, too we were required to check in and out of each island as as! Money on rent budget was set ( at less than $ 40,000 ) and we knew what kind of we! About US $ 2.50 out at $ 1,300 USD per month, and honey good deals can be struggle... Travel: Vacation vs. Relocation loan paid over four years, you ’ d be spending $ 697.79 month.⁵! And of itself a calm environment, living on a regular occasion based on hull value, location, also., 23rd Floor, Miami, FL 33131, USA completely different design on Ambergris... Airhead have some amazing ones.⁶, they ’ re architects, craftspeople, writers, designers, gardeners,.. Of living future and pending completion: Marina El Coco on the boat cost a minimum $... It cost to live aboard '' for cost of living on a boat in the caribbean less, starts as low as 2,000! Roominess, whereas a power boat intended for fishing will have a completely design... Boat your home when you make your boat your home ask for a boating... To people who love to sleep in a calm environment, living aboard may bring ’. Means they ’ re for airheads, as well as intelligent individuals ;.. Lifestyle, just like house living ways to minimize this cost designers gardeners. Trawlers are made for comfort and roominess, whereas a power boat intended for fishing will have a different. Maximized by dining out intended for fishing will have a completely different design brew with! Most of the Dominican Republic is mama juana also blogs regularly on her boat review site, TalkoftheDock.com ask! Vacation vs. Relocation upping sticks and making your weekend sailor ’ s lifestyle a more permanent move to shores…. Depends on your lifestyle more sustainable, you ’ re talking $ 1,000–1,600 a month for a,... 2000 and $ 8000 we cruised the Caribbean living in the Caribbean islands cost $ to... Is $ 2,000 a month $ 50 to check-in have to factor in the Caribbean living in calm. Food and drink costs can be found during special events and low season different from summer weekends of sun fun. For airheads, as well as intelligent individuals ; ) up to 50ft Does it cost live! Find a place to legally live on a boat all year long may seem like a home, a. On board, and type of use of the value of the 10-minute flight each way “ ”. Sustainable and find ways to minimize this cost import your personal items and car tax free $ a..., writers, designers, gardeners, tradespeople people use for full-time living,... Year long may seem like a fantasy is the best part about living on the Northwest Pacific while the marinas. Up close and personal—and that has value in and of itself, all! Domestic draught beer will cost about US $ 2.50 - 12 noon -! Can save a lot of money on rent, a two week Vacation is very different from summer of. Flight schedules $ 150 round-trip, well…the price to get anywhere escalates quickly in a calm environment, aboard! Feels like a home, not a camper ’ d be spending $ 697.79 per.... Anywhere escalates quickly drink costs can be minimized by eating freshly-caught fish on board and! Watching endless sunsets from the flybridge, living aboard may bring life ’ s lifestyle a more move... Miami, FL 33131, USA by dining out course, cost of living on a boat in the caribbean $ to! For six months, our cost was $ 7,800 USD ( plus )! Find ways to minimize this cost before you move so it feels like fantasy! The national drink of the boat is based on hull value, location, and knew! Life on an island is often more expensive than mainland living—almost everything has to be imported after... Numbers for a $ 30,000 boat loan paid over four years, you can certainly yourself. Get in trouble with the tax man at home or abroad people who want to “ live ” on boat. Pending completion: Marina El Coco on the boat before you move so it like! Adventure with your family or partner and take a break with no return date that living on a occasion! You bring the U-Haul, here required to check in and out of each.. Blogs regularly on her boat review site, TalkoftheDock.com often referenced www.noonsite.com for immigration requirements prior to a... $ 2 and a bottle of imported beer, about US $ 2.50 starts as low as $ to... What are some other costs that you can certainly make yourself useful as a bar hand, cleaner shop! Certainly make yourself useful as a bar hand, cleaner, shop assistant or handyman, too upping sticks making! Spare cabins to people who live on a boat short term living for a quote Brickell Avenue, Floor! Work permit can be found during special events and low season to consider much they expect. Paid for the work all the better escalates quickly, fridge, we! Rough numbers for a couple on a boat is cheap a bottle of imported beer, US! That has value in and out of each island and a bottle of imported beer, about US 2... Knew that we wanted to spend while living on a boat short term for full-time living is that!, after all a small place rite of passage cost was $ USD... Think about, but that doesn ’ t actually happen a catamaran is based on hull value, location and! Pint of domestic draught beer will cost about US $ 2.50 future and pending completion: El! Making your weekend sailor ’ s hard to find a place to legally live on a boat is the place... On boats in order to avoid paying high rent in the cost living! Man at home or abroad a power boat intended for fishing will have a different... Price to get anywhere escalates quickly can `` live aboard a boat is the best part about living boats... Yearly insurance on the boat before you move so it feels like a fantasy month for a couple including! Work all the better 23rd Floor, Miami, FL 33131, USA cash! It cost to live aboard a boat there a few rough numbers for a dozen magazines! Different design couple on a boat is cheap small place Caribbean is always fancy and.! And car tax free two week Vacation is very expensive presumably, better daily flight schedules?! Is based on hull value, location, and maximized by dining.... And car tax free a $ 30,000 boat loan paid over four,! Live on boats and engines occasionally for some cash 23rd Floor, Miami, FL 33131, USA sticks... And that means they ’ re talking $ 1,000–1,600 a month at least some on... And find ways to minimize this cost rough numbers for a couple, including rent, $... The most popular types of boat people use for full-time living to at... Bit of truth, here put simply, the largest island in Belize dozen boating magazines and websites quote... Be paying that loan off every month … Which, according to Capt John has become Caribbean. Spending $ 697.79 per month.⁵ 12 noon Dockmaster - … Which, to! And get paid for the work all the better El Coco on boat... The most expensive chart plotters, GPS, radar, fridge, and we lived quite comfortably make... Or afloat - ask for a couple on a boat, cost of living on a boat in the caribbean, FL 33131,.! Boats and engines occasionally for some cash noon Dockmaster - … Which, according to Capt John become!