How Much it Costs to Live on Your Sailboat in the Caribbean

Dreaming of upping sticks and making your weekend sailor’s lifestyle a more permanent move to fairer shores? Ready to jump off land and dive into a new adventure with your family or partner and take a break with no return date?

Or perhaps you don’t have much boating experience, but would love to spend a moment walking in a liveaboard sailor’s shoes and understand how it all works.

We also interviewed Captain Gino, of course, who spent months discovering the food, the culture and the good life down in Anguilla, St. Barts, Guadeloupe, Martinique, and many more of the thousands of islands that pepper this amazing region of the world. As always, we found him in good spirits.

So with these experts at hand, let’s get started looking at how much it costs to live with your sails towering above you and the wind in your face.

Average Cost

Both Captain Lisa and Captain Gino are of the opinion that the cost of living on a boat really depends on your lifestyle. So the average cost of living on a boat in the Caribbean? “Around $1000/month*”, says Lisa. “But,” she adds, “You can easily live on a boat for less than $1000, and you could easily live on a boat for $4000.”

Breaking That Down

What will you be spending on, specifically? Gino says, “Living on a boat is very much the same as living in an apartment, when it comes to cost.” Indeed, as Chapin told us, you’ll probably be contributing to your boat mortgage and Principal Interest Taxes Insurance (PITI), just like a house; paying for maintenance, water, laundry, etc. — all the things that you would normally cover during any month on land.

Lisa is a boat broker and has helped people from all over the world buy boats that meet their needs. She warns that it’s important to recognize that 10% of a boat’s value should be set aside for maintenance. “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. That way, it really scales it and makes things easy.” She spent under $100,000 on her 53-foot Hatteras, plus $35,000 to remodel it.

Another major factor that will influence how much you end up saving is how much time you spend at the marina in the Caribbean (or anywhere else, for that matter). And what does that primarily depend on? The size of your boat.

As Lisa told us, “Most people who are out cruising are not out working, so they will probably spend ten nights on the hook, as it’s called — on anchor, and then they’ll spend two nights at the marina: when they need water or laundry, internet, food, etc. The marina is usually the cruisers’ biggest expense. It costs around 50c to $2 per foot. When it comes to boats, a lot of things are by the foot. So small boat less, big boat more. “ 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 to cover water and other expenses”, says Lisa.

When looking at the islands specifically, Captain Gino recommends you research the different islands really well before you set sail in that direction. He points to St. Barts as an example of a stereotypically pricier island, but unless you’re dying to dine at the Eden Rock resort for $450 a night or more (a lot more), do your homework and you’ll be fine.

Cruisers Forum’s Gord May also states that in Aruba, “…you may find yourself limited to the Renaissance Marina, in Oranjestad harbor. “ He quotes the following rates:

What are some other costs that you might come up against when you make sailing a daily activity? Well there’s kitting out the boat for optimum comfort, but you don’t necessarily need to buy the most expensive chart plotters, GPS, radar, fridge, and cushions! 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. Peanut butter by the gallon might be classed as essential, however — at least for emergencies

Luxuries You Might Want to Indulge In

Like with many purchases you make, sometimes it really does pay to buy the best quality you can buy. As Lisa warns, “There’s nothing as expensive as buying a cheap boat.” She goes on to tell us that buying a doer-upper can test couples’ relationships, so try to be as realistic as possible when selecting a project for renovation.

Sometimes investing earlier can help you save money later. Watermakers are the perfect example. They usually cost somewhere between $2000 and $8000. Quite a pretty penny. But think about it this way — if you’re going to be making the most of what Lisa says is “the absolute best benefit of being on a boat” — that you don’t have to stay near the 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?

Working to Make Your Lifestyle Sustainable

If you’ve done some boating, you have probably noticed how sailors come from all different walks of life. Lisa’s has sailor friends that are graphic designers, although they often grumble with the difficulty dealing with large files at marinas with slow internet connections. Others work in the trades, sell their crafts or blog and write from their boat. There are many options, although steering clear of tricky work permit issues makes working at the destinations you sail to more difficult.

Ready?

So are you ready to quit living on the land? Sure, you can cruise over to St. Tropez and pay an average of $2000 per night, but these days, you just don’t have to. With sailing becoming more and more accessible, there’s room for everyone to learn to sail well, grab a captains license with experience and sail off into the sunset, happy as can be. Enjoy the waves.

*All $ represent USD at the value quoted at the time of writing.

Images courtesy of Lisa Chapin and others as labelled.

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