: 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 Others rent out their spare cabins to people who want to “live” on a boat short term. 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. Caribbean: Currency +/- valuation index. 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. Ready to move in? 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. The national drink of the Dominican Republic is mama juana. 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. And when those little puddle jumps cost a minimum of $150 round-trip, well…the price to get anywhere escalates quickly. Photo by Rosie Burr Marinas and Moorings. A pint of domestic draught beer will cost about US$2 and a bottle of imported beer, about US$2.50. 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. 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. Zuzana Prochazka is a writer and photographer who freelances for a dozen boating magazines and websites. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. That’s right, living on a boat is cheap. 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. That’s a healthy sum. Fancy spending some time on English-speaking Ambergris Caye, the largest island in Belize? 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. Put simply, the cost of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. One to watch out for! Nowadays, many young professionals are living on boats in order to avoid paying high rent in the city. But you can certainly make yourself useful as a bar hand, cleaner, shop assistant or handyman, too. So you’ll probably be contributing to your boat mortgage/loan — your Principal, Interest, Taxes, Insurance (PITI) once you’ve bought your boat. 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. Here are a few rough numbers for a modest house. These rates include $1M liability and medical insurance. While the following marinas in Costa Rica are planned for the near future and pending completion: Marina El Coco on the Northwest Pacific. You may even rely on peanut butter on a regular occasion. Boats must not be left unattended overnight. 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. Our living expenses maxed out at $1,300 USD per month, and we lived quite comfortably. 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. Boaters often romanticize the idea of living aboard. Catamarans and side-ties can be more. 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? Check out - 12 noon Dockmaster - … You can save a lot of money on rent! It is estimated that there are thousands of people who live on boats full time. 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. To make your lifestyle more sustainable, you’ll need to work wherever you go. Mario Salcedo, a single, 67-year-old businessman, spends 350 days a year aboard Royal Caribbean ships, even operating a company as he travels. The rates usually reduce the longer you stay. But you don’t necessarily need to buy the most expensive chart plotters, GPS, radar, fridge, and cushions! Enjoy it all. Nordhavn launched its first distance cruising powerboat, the N46, in 1989—finally putting to rest the long-held idea that only … 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. But relative to the rest of the Caribbean, Roatán offers excellent value. 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. 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. She contributes to Boats.com and YachtWorld.com, and also blogs regularly on her boat review site, TalkoftheDock.com. When it comes to cost, a two week vacation is very expensive. I worked on boats and engines occasionally for some cash. Ifyou write and get paid for the work all the better. So what do marina costs primarily depend on? 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). Looking to live large in a tiny place? https://www.lifeofsailing.com › post › cost-to-live-on-a-sailboat-in-the-caribbean 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. How Much Does It Cost To Live On A Boat??? We cruised the Caribbean living in a sailboat for 8 years. It … What does it cost to cruise the Caribbean? Our boat budget was set (at less than $40,000) and we knew what kind of features we required for our adventure. “We especially enjoyed being anchored off … Kitting out the boat for optimum comfort. It’s hard to find a place to legally live on a boat. But you will probably need to spend at least some time at a marina. Airhead have some amazing ones.⁶, They’re for airheads, as well as intelligent individuals ;). Despite the large upfront cost, living on a boat can be cheaper than living in a traditional manner. 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. I’ll tell you a little bit of truth, here. 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. If you’ve done some boating, you have probably noticed how sailors come from all different walks of life. 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. So for six months, our cost was $7,800 USD (plus airfare). Just make sure you don’t get in trouble with the tax man at home or abroad. 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). Marinas usually charge around 50c to $2 per foot. Dreaming of upping sticks and making your weekend sailor’s lifestyle a more permanent move to fairer shores…. Max. The best part about living on a boat is that you can stay in beautiful places like the Caribbean or other tropical locations. For a $30,000 boat loan paid over four years, you’d be spending $697.79 per month.⁵. Ready to jump off land and dive into a new adventure with your family or partner and take a break with no return date? Living on a boat all year long may seem like a fantasy. 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. They even import your personal items and car tax free. 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). 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. 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. This is a cost of living indicator. We spent two years living … But if not, you’ll be paying that loan off every month. Catamarans Insured for Private Use 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. Something to think about, but that doesn’t actually happen. 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. Yearly insurance on the boat will run on average at about 1.5% of the value of the boat. I can definitely vouch for this. Watermakers usually cost somewhere between $2000 and $8000. “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. All rights reserved. Most of the Caribbean islands cost $20 to $50 to check-in. The cruisers’ biggest expense. 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. And that means they’re architects, craftspeople, writers, designers, gardeners, tradespeople. 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. We were required to check in and out of each island. This is a brew made with tree bark, herbs, rum, red wine, and honey. Getting a work permit can be a struggle in some countries. I own a 42' sailboat and have done some cruising in North and Central American, Portugal, Spain and the Canaries, and in the Caribbean. No rafting. Not so fast—before you bring the U-Haul, here's some factors to consider. Marinas on average charge around one dollar per foot per day for boats up to 50ft. Length 50 ft. Max weight 15 tons. NO ANCHORING IN JOLLY HARBOUR - penalty fee $ 50.00. Ah, the marina. Trawlers are made for comfort and roominess, whereas a power boat intended for fishing will have a completely different design. boats.com, 1221 Brickell Avenue, 23rd Floor, Miami, FL 33131, USA. Wifi not guaranteed on moorings. Next, what about a compost toilet? To work out what you might roughly spend in the Caribbean for every dollar you’d normally spend at home, check out this index. One can "live aboard" for much less. 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. 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. “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. But then you have to factor in the cost of the 10-minute flight each way. I mean, you can certainly go sustainable and find ways to minimize this cost. boats.com is part of the Boats Group Network. For less than $175,000, you can buy a two-bedroom waterfront house … Sometimes good deals can be found during special events and low season. This is incorrect. Life on an island is often more expensive than mainland living—almost everything has to be imported, after all. 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? Sad news. Some might think that living on a sailboat in the caribbean is always fancy and glamorous. Otherwise, you might end up needing to go home to work sooner than you hoped. According to that ranking, you’ll spend 99c instead of your $1 in the Bahamas, but you’ll spend 45c in the Dominican Republic. 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. The cost of insuring a catamaran is based on hull value, location, and type of use of the boat. This level of commitment is very different from summer weekends of sun and fun. Which, according to Capt John has become a Caribbean sailor's rite of passage. 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. Food and drink costs can be minimized by eating freshly-caught fish on board, and maximized by dining out. For people who love to sleep in a calm environment, living on a boat is the best place. Cost of Living. We knew that we wanted to spend about a year sailing in the Caribbean. Quite a pretty penny. We aren’t legally … Get the boat ready for life aboard, not just a weekend in the islands. 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. To them it sounds like watching endless sunsets from the flybridge, living smaller and simpler, and saving a bunch of money. Here are the most popular types of boat people use for full-time living. Boat management and boat movement services ashore or afloat - ask for a quote. We often referenced www.noonsite.com for immigration requirements prior to entering a new country. 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. You could teach English…. Finding the boat. The Cost: The monthly cost of living for a couple, including rent, starts as low as $2,000 a month. Total Cost Put simply, the co s t of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. The Cost of World Travel: Vacation vs. Relocation. Copyright © 1999-2021 Boats Group. “My best friends are all … So you’re talking $1,000–1,600 a month for a couple on a boat there. Here's 12 questions to ask yourself when planning to live aboard a boat. Remember, living aboard may bring life’s lessons up close and personal—and that has value in and of itself. ... to determine how much they can expect to spend while living on the boat. What are some other costs that you might come up against when you make your boat your home? Lisa Chapin warns that it’s important to recognize that 10% of a boat’s value should be set aside for maintenance. World travel, or the thought of living abroad, sounds expensive. Here are some questions to ask yourself before making the big jump to a small place. 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. , too Marina El Coco on the Northwest Pacific and making your weekend sailor ’ s lessons up and... Worked on boats in order to avoid paying high rent in the cost of abroad... Costs that you might come up against when you make your boat your home site,.! People who want to “ live ” on a boat per month.⁵ domestic beer. % of the boat that has value in and out of each island on! Sure you don ’ t actually happen to a small place rent, starts low! Best part about living on a boat short term $ 697.79 per month.⁵ is more... And simpler, and also blogs regularly on her boat review site TalkoftheDock.com... 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