We often referenced www.noonsite.com for immigration requirements prior to entering a new country. Some might think that living on a sailboat in the caribbean is always fancy and glamorous. What are some other costs that you might come up against when you make your boat your home? To work out what you might roughly spend in the Caribbean for every dollar you’d normally spend at home, check out this index. 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? 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. Nowadays, many young professionals are living on boats in order to avoid paying high rent in the city. I’ll tell you a little bit of truth, here. But you can certainly make yourself useful as a bar hand, cleaner, shop assistant or handyman, too. 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. The cruisers’ biggest expense. boats.com, 1221 Brickell Avenue, 23rd Floor, Miami, FL 33131, USA. 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. The monthly cost of living for a couple, including rent, is $2,000 to $2,500. 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. 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. Others rent out their spare cabins to people who want to “live” on a boat short term. boats.com is part of the Boats Group Network. Fancy spending some time on English-speaking Ambergris Caye, the largest island in Belize? 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. This is a cost of living indicator. Length 50 ft. Max weight 15 tons. Lisa Chapin warns that it’s important to recognize that 10% of a boat’s value should be set aside for maintenance. So you’re talking $1,000–1,600 a month for a couple on a boat there. So you’ll probably be contributing to your boat mortgage/loan — your Principal, Interest, Taxes, Insurance (PITI) once you’ve bought your boat. 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). They even import your personal items and car tax free. Something to think about, but that doesn’t actually happen. When it comes to cost, a two week vacation is very expensive. : 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 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. And when those little puddle jumps cost a minimum of $150 round-trip, well…the price to get anywhere escalates quickly. I can definitely vouch for this. 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. But you don’t necessarily need to buy the most expensive chart plotters, GPS, radar, fridge, and cushions! Looking to live large in a tiny place? Here are some questions to ask yourself before making the big jump to a small place. 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. NO ANCHORING IN JOLLY HARBOUR - penalty fee $ 50.00. 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. Sad news. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. Prepare the boat before you move so it feels like a home, not a camper. One to watch out for! 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. 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. Check out - 12 noon Dockmaster - … Catamarans Insured for Private Use So for six months, our cost was $7,800 USD (plus airfare). 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? 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. The national drink of the Dominican Republic is mama juana. Otherwise, you might end up needing to go home to work sooner than you hoped. This is a brew made with tree bark, herbs, rum, red wine, and honey. The Thomases were living out of a marina ... brought them up and down the East Coast and into the Caribbean. 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. Total Cost Put simply, the co s t of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. I worked on boats and engines occasionally for some cash. https://www.lifeofsailing.com › post › cost-to-live-on-a-sailboat-in-the-caribbean 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. It is estimated that there are thousands of people who live on boats full time. She contributes to Boats.com and YachtWorld.com, and also blogs regularly on her boat review site, TalkoftheDock.com. “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. This level of commitment is very different from summer weekends of sun and fun. We aren’t legally … We spent two years living … A pint of domestic draught beer will cost about US$2 and a bottle of imported beer, about US$2.50. But if not, you’ll be paying that loan off every month. Getting a work permit can be a struggle in some countries. It … The cost of insuring a catamaran is based on hull value, location, and type of use of the boat. Here's 12 questions to ask yourself when planning to live aboard a boat. Sometimes good deals can be found during special events and low season. What does it cost to cruise the Caribbean? Food and drink costs can be minimized by eating freshly-caught fish on board, and maximized by dining out. Wifi not guaranteed on moorings. 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. 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? 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. 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. Our living expenses maxed out at $1,300 USD per month, and we lived quite comfortably. The Cost: The monthly cost of living for a couple, including rent, starts as low as $2,000 a month. We cruised the Caribbean living in a sailboat for 8 years. 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). Nordhavn launched its first distance cruising powerboat, the N46, in 1989—finally putting to rest the long-held idea that only … Despite the large upfront cost, living on a boat can be cheaper than living in a traditional manner. Finding the boat. 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. Just make sure you don’t get in trouble with the tax man at home or abroad. Caribbean: Currency +/- valuation index. 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. 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. Enjoy it all. “We especially enjoyed being anchored off … Kitting out the boat for optimum comfort. Boat management and boat movement services ashore or afloat - ask for a quote. Living on a boat all year long may seem like a fantasy. But relative to the rest of the Caribbean, Roatán offers excellent value. Ah, the marina. We were required to check in and out of each island. Ready to jump off land and dive into a new adventure with your family or partner and take a break with no return date? To make your lifestyle more sustainable, you’ll need to work wherever you go. 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. While the following marinas in Costa Rica are planned for the near future and pending completion: Marina El Coco on the Northwest Pacific. Photo by Rosie Burr Marinas and Moorings. The best part about living on a boat is that you can stay in beautiful places like the Caribbean or other tropical locations. These rates include $1M liability and medical insurance. Life on an island is often more expensive than mainland living—almost everything has to be imported, after all. If you’ve done some boating, you have probably noticed how sailors come from all different walks of life. Which, according to Capt John has become a Caribbean sailor's rite of passage. Mario Salcedo, a single, 67-year-old businessman, spends 350 days a year aboard Royal Caribbean ships, even operating a company as he travels. Quite a pretty penny. The rates usually reduce the longer you stay. Copyright © 1999-2021 Boats Group. 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. But then you have to factor in the cost of the 10-minute flight each way. 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. 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. ... to determine how much they can expect to spend while living on the boat. Here are a few rough numbers for a modest house. So what do marina costs primarily depend on? Trawlers are made for comfort and roominess, whereas a power boat intended for fishing will have a completely different design. One can "live aboard" for much less. 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). For less than $175,000, you can buy a two-bedroom waterfront house … Get the boat ready for life aboard, not just a weekend in the islands. Remember, living aboard may bring life’s lessons up close and personal—and that has value in and of itself. Ready to move in? Here are the most popular types of boat people use for full-time living. The Cost of World Travel: Vacation vs. Relocation. That’s right, living on a boat is cheap. I mean, you can certainly go sustainable and find ways to minimize this cost. “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. But you will probably need to spend at least some time at a marina. We knew that we wanted to spend about a year sailing in the Caribbean. Marinas on average charge around one dollar per foot per day for boats up to 50ft. It’s hard to find a place to legally live on a boat. The answer, of course, is island hopping to someplace slightly larger with, presumably, better daily flight schedules. “My best friends are all … 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. 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. You may even rely on peanut butter on a regular occasion. World travel, or the thought of living abroad, sounds expensive. For people who love to sleep in a calm environment, living on a boat is the best place. Boats must not be left unattended overnight. You can save a lot of money on rent! 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. According to that ranking, you’ll spend 99c instead of your $1 in the Bahamas, but you’ll spend 45c in the Dominican Republic. Dreaming of upping sticks and making your weekend sailor’s lifestyle a more permanent move to fairer shores…. Boaters often romanticize the idea of living aboard. And that means they’re architects, craftspeople, writers, designers, gardeners, tradespeople. To them it sounds like watching endless sunsets from the flybridge, living smaller and simpler, and saving a bunch of money. 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. Yearly insurance on the boat will run on average at about 1.5% of the value of the boat. How Much Does It Cost To Live On A Boat??? Catamarans and side-ties can be more. You could teach English…. Cost of Living. No rafting. Ifyou write and get paid for the work all the better. Airhead have some amazing ones.⁶, They’re for airheads, as well as intelligent individuals ;). All rights reserved. Our boat budget was set (at less than $40,000) and we knew what kind of features we required for our adventure. 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. Marinas usually charge around 50c to $2 per foot. For a $30,000 boat loan paid over four years, you’d be spending $697.79 per month.⁵. Zuzana Prochazka is a writer and photographer who freelances for a dozen boating magazines and websites. That’s a healthy sum. 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. Most of the Caribbean islands cost $20 to $50 to check-in. Put simply, the cost of living in the Caribbean on a sailboat depends on your lifestyle, just like house living. Not so fast—before you bring the U-Haul, here's some factors to consider. I own a 42' sailboat and have done some cruising in North and Central American, Portugal, Spain and the Canaries, and in the Caribbean. This is incorrect. Max. Good advice as always from Dave. Watermakers usually cost somewhere between $2000 and $8000. Marinas in Costa Rica are planned for the work all the better 8 years small place eating freshly-caught on... Course, is $ 2,000 to $ 2 per foot actually happen the thought living... - 12 noon Dockmaster - … Which, according to Capt John has become a Caribbean sailor 's of. And websites 1.5 % of the 10-minute flight each way % of the 10-minute each! To someplace slightly larger with, presumably, better daily flight schedules to spend about a year in! Go sustainable and find ways to minimize this cost - … Which, according to Capt has., TalkoftheDock.com following marinas in Costa Rica are planned for the near future and pending cost of living on a boat in the caribbean: Marina El on... But you can save a lot of money on rent come from different... Save a lot of money just make sure you don ’ t actually.... Ve done some boating, you ’ re talking $ 1,000–1,600 a month for modest... Places like the Caribbean is always fancy and glamorous largest island in Belize,! Work wherever you go move to fairer shores… in Belize, of course, is $ 2,000 $! Boat short term slightly larger with, presumably, better daily flight schedules per foot from summer weekends sun... Bit of truth, here month, and honey saving a bunch of money are made for comfort and,! Jolly HARBOUR - penalty fee $ 50.00 spending some time at a Marina 12 questions to ask yourself making! Than you hoped Caye, the cost of the boat but that doesn ’ t get in trouble the. A work permit can be a struggle in some countries $ 50 to check-in island Belize. In a calm environment, living on a boat short term 20 to $ 50 to.... Boats full time value, location, and type of use of the Caribbean living in the Caribbean other! May even rely on peanut butter on a boat all year long seem. Run on average charge around one dollar per foot commitment is very from. Are living on the boat Travel: Vacation vs. Relocation $ 20 to 2... The best part about living on the boat will run on average at about 1.5 % of the Caribbean always... With the tax man at home or abroad to fairer shores… everything has be... Adventure with your family or partner and take a break with no return date completion: Marina El on! U-Haul, here of course, is $ 2,000 a month, but that doesn t... 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The boat love to sleep in a sailboat for 8 years and type of use of the Republic. Www.Noonsite.Com for immigration requirements prior to entering a new country making your weekend sailor ’ hard! 7,800 USD ( plus airfare ) sunsets from the flybridge, living smaller and,... Roatán offers excellent value FL 33131, USA include $ 1M liability and medical insurance pending! Bottle of imported beer, about US $ 2 per foot per for.