Thinking about living full-time in an RV? It’s an exciting lifestyle choice that offers unparalleled freedom and adventure, but understanding the cost to live in an RV is crucial before you hit the road. While RV life might seem like a budget-friendly option, the expenses can quickly add up.
initial investments | buying your RV
The cost to live in an RV starts with the initial investment in the vehicle itself. Prices vary widely, from $20,000 for a used travel trailer to over $100,000 for a new luxury motorhome. Additionally, you’ll need RV insurance, which can fluctuate based on the RV type and your driving history. Don’t forget if you don’t already, you need the proper vehicle to tow your trailer.
Click the link to download our FREE printable
ongoing expenses
Fuel: One of the significant costs to live in an RV is fuel. RVs typically average 6-12 miles per gallon, so budget for $200-$500 per month for fuel, depending on how much you travel and current fuel prices.
Campground Fees: Another key expense is campground fees. Whether you choose state parks, private campgrounds, or RV resorts, fees can range from $15 to $100 per night. Monthly rates might save you money, ranging from $300 to $1,000, depending on the location and amenities.
Maintenance: Regular maintenance is essential for RV longevity and is a considerable cost to live in an RV. Set aside $100-$300 per month for routine maintenance and potential repairs.
Utilities: While you might save on traditional utility bills, RVs still require expenses for propane, water, electric, and waste disposal. Expect to spend $50-$250 monthly, depending on your usage.
Internet and Phone: Staying connected is vital for many full-time RVers. Investing in a reliable mobile hotspot or satellite service will cost between $50 and $200 per month.
miscellaneous costs
Finally, consider additional costs such as RV accessories, modifications, and unforeseen repairs. It’s wise to set aside an emergency fund of $1,000 to $3,000 to cover unexpected expenses.
Understanding the cost to live in an RV is essential for planning a successful full-time RV lifestyle. By budgeting for these expenses and preparing for the financial aspects, you can make your RV adventure both enjoyable and sustainable.
