What is the Cost of Living on a Boat in Key West, Florida?

Living on a boat in Key West, Florida, offers a unique and exciting lifestyle, but it also comes with unique costs. Here's a breakdown of the potential expenses involved:

  • Mooring fees: The cost of mooring a boat in Key West can vary depending on the size of the boat, location, and duration of stay. Expect to pay around $1,500-$3,000 per month for a slip at a marina.
  • Utilities: Electricity and water usage will vary based on the size and amenities of your boat. On average, expect to pay around $200-$500 per month for utilities.
  • Insurance: Boat insurance is essential to protect your investment. The cost will depend on the value of your boat, coverage, and deductible. Expect to pay around $1,000-$2,500 per year.
  • Maintenance: Regular maintenance is necessary to keep your boat in good condition. This includes engine maintenance, hull cleaning, and painting. Expect to spend around $500-$2,000 per year on maintenance.
  • Food: The cost of groceries can be higher in Key West compared to other areas. Plan to spend around $500-$1,000 per month on food.

Estimated Total Cost: The total cost of living on a boat in Key West can vary, but expect to pay around $2,500-$5,000 per month. This includes mooring fees, utilities, insurance, maintenance, and food.

FAQs:

  1. Is it cheaper to live on a boat than in an apartment in Key West? Generally, no, boat living can be more expensive than renting an apartment.
  2. How can I save money on boat living? Consider sharing expenses with other boaters, opting for a smaller boat, and performing your own maintenance.
  3. Are there any free or low-cost mooring options? Yes, the city of Key West offers free mooring in some areas, but these spots are limited and require permits.
  4. What are the benefits of boat living in Key West? Living on a boat offers a waterfront lifestyle, easy access to fishing and boating, and a sense of community.
  5. Are there any other costs to consider? Yes, additional costs may include fuel, storage, repairs, and personal expenses.

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