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How much does it cost to live on a boat? PDF Print E-mail

A common question asked by people thinking about a life afloat is how much does it cost?

In this article we will compare the costs in different areas and for different boats to give you an idea of costs involved.
The costs should be used as an example only but are correct at the time of writing this article.

So, what do you have to pay for?

We will not include the cost of your chosen boat as it is impossible to estimate this but your on going costs may consist of all or some of the following:

Mooring Fees
Electricity
LPG Gas
Water
Diesel
Telephone
Pump out of waste holding tank
Council Tax
Boat Licenses
Insurance
Maintainence Costs
Boat Safety Certificate

Surveys

If these are the typical on going costs then we are sure you would like to know how much you would have to pay so we have given you an idea of the costs below.

When we researched this article we used different types of boats when getting quotes depending on the mooring location. These boats were as follows:

Canals
Our example boat was a 60' traditional narrowboat made of steel.

River
Our example boat was a 50' MFV (motor fishing vessel) made of wood.

Coastal
Our example boat was a 38' Sailing Yacht made of GRP (glass reinforced polymer)

Item
60' narrowboat
50' MFV
38' Sailing Yacht
Mooring Fees Around £3,000 per year Around £2,100 per year Around £1,900 per year
Electricity 4 - 12p per unit. 1 unit = 1000 watts of power used for 1 hour 4 - 12p per unit. 1 unit = 1000 watts of power used for 1 hour 4 - 12p per unit. 1 unit = 1000 watts of power used for 1 hour
LPG Gas 13KG Propane refill around £16 13KG Propane refill around £16 13KG Propane refill around £16
Water Normally included in Mooring fees Normally included in Mooring fees Normally included in Mooring fees
Diesel Approx 40- 46p per litre. Heating would use around 0.6 liters per hour. Engine around 1.5 liters per hour. Approx 40- 46p per litre. Heating would use around 0.6 liters per hour. Engine around 3 liters per hour. Approx 40- 46p per litre. Heating would use around 0.6 liters per hour. Engine dependent on usage.
Telephone Standard BT installation charge then £10.50 per month line rental. Standard BT installation charge then £10.50 per month line rental. Standard BT installation charge then £10.50 per month line rental.
Pump out of waste holding tank £15 £15, if tidal N/A N/A
Council Tax Local council rates at the lowest Band A rate Local council rates at the lowest Band A rate Local council rates at the lowest Band A rate
Boat Licenses Around £550 per year Around £30 per year N/A
Insurance Residential, around £450 per year In a marina, £60,000 value (30-40 years old) around £672 per year In marina, £60,000 value (11-20 years old) around £380 per year
Maintainence Costs

Craneage around £3.75 per foot (per lift)

Hull scrub & Blacking around £5 per foot, every 2 years

Craneage around £3.75 per foot (per lift)

Hull scrub & Paint around £10 per foot, every 2 years

Craneage around £3.75 per foot (per lift)

Hull scrub & Paint around £10 per foot, every 2 years

Boat Safety Certificate Around £200 every 4 years Around £200 every 4 years Around £200 every 4 years
Survey Costs

Hull Survey £220

Full Survey £450

Hull Survey £220

Full Survey £450

Hull Survey £220

Full Survey £450

 

Prices will vary according to the size of your boat and the location. The bigger the boat the more it will cost to moor and maintain and the more popular the area the higher the prices.

There are so many variables that it is impossible to give an accurate guide. You will need to phone the relevant companies directly to get an accurate quote for your boat or intended boat.

So now you have an idea of the costs involved you are one step closer to deciding if living on a boat is the right choice for you.

 

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3.20 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."