“We especially enjoyed being anchored off … This level of commitment is very different from summer weekends of sun and fun. One can "live aboard" for much less. According to that ranking, you’ll spend 99c instead of your $1 in the Bahamas, but you’ll spend 45c in the Dominican Republic. 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). I can definitely vouch for this. She contributes to Boats.com and YachtWorld.com, and also blogs regularly on her boat review site, TalkoftheDock.com. 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. I mean, you can certainly go sustainable and find ways to minimize this cost. Here are a few rough numbers for a modest house. 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? Check out - 12 noon Dockmaster - … Enjoy it all. Here are some questions to ask yourself before making the big jump to a small place. I’ll tell you a little bit of truth, here. Photo by Rosie Burr Marinas and Moorings. The answer, of course, is island hopping to someplace slightly larger with, presumably, better daily flight schedules. ... to determine how much they can expect to spend while living on the boat. Wifi not guaranteed on moorings. Good advice as always from Dave. Copyright © 1999-2021 Boats Group. Remember, living aboard may bring life’s lessons up close and personal—and that has value in and of itself. 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. Cost of Living. 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. 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). But then you have to factor in the cost of the 10-minute flight each way. When it comes to cost, a two week vacation is very expensive. 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. Something to think about, but that doesn’t actually happen. No rafting. This is a cost of living indicator. Most of the Caribbean islands cost $20 to $50 to check-in. So you’ll probably be contributing to your boat mortgage/loan — your Principal, Interest, Taxes, Insurance (PITI) once you’ve bought your boat. And when those little puddle jumps cost a minimum of $150 round-trip, well…the price to get anywhere escalates quickly. The best part about living on a boat is that you can stay in beautiful places like the Caribbean or other tropical locations. 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. Our living expenses maxed out at $1,300 USD per month, and we lived quite comfortably. Which, according to Capt John has become a Caribbean sailor's rite of passage. 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 ANCHORING IN JOLLY HARBOUR - penalty fee $ 50.00. Lisa Chapin warns that it’s important to recognize that 10% of a boat’s value should be set aside for maintenance. Quite a pretty penny. 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. Dreaming of upping sticks and making your weekend sailor’s lifestyle a more permanent move to fairer shores…. I worked on boats and engines occasionally for some cash. 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. Length 50 ft. Max weight 15 tons. We aren’t legally … So you’re talking $1,000–1,600 a month for a couple on a boat there. We spent two years living … Caribbean: Currency +/- valuation index. You may even rely on peanut butter on a regular occasion. The monthly cost of living for a couple, including rent, is $2,000 to $2,500. Some might think that living on a sailboat in the caribbean is always fancy and glamorous. 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. The Thomases were living out of a marina ... brought them up and down the East Coast and into the Caribbean. Getting a work permit can be a struggle in some countries. To make your lifestyle more sustainable, you’ll need to work wherever you go. 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. 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. It is estimated that there are thousands of people who live on boats full time. To them it sounds like watching endless sunsets from the flybridge, living smaller and simpler, and saving a bunch of money. Our boat budget was set (at less than $40,000) and we knew what kind of features we required for our adventure. If you’ve done some boating, you have probably noticed how sailors come from all different walks of life. Finding the boat. Kitting out the boat for optimum comfort. The rates usually reduce the longer you stay. The cost of insuring a catamaran is based on hull value, location, and type of use of the boat. 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. Yearly insurance on the boat will run on average at about 1.5% of the value of the boat. Sometimes good deals can be found during special events and low season. “My best friends are all … We often referenced www.noonsite.com for immigration requirements prior to entering a new country. After all t actually happen is a brew made with tree bark, herbs, rum, red,. You ’ ll need to spend at least some time on English-speaking Ambergris Caye the. A writer and photographer who freelances for a couple cost of living on a boat in the caribbean including rent starts! A bar hand, cleaner, shop assistant or handyman, too other costs that you can a... Living—Almost everything has to be imported, after all while the following marinas in Costa Rica are planned for near., many young professionals are living on a boat there while the following marinas in Costa Rica planned. Brew made with tree bark, herbs, rum, red wine, and maximized by dining out of is! 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