Is Motorhome Living Cheaper Than Renting?
But I'm not here to shrink my already meager social life via insults hidden in logic games. I'm here to tell you, very definitively, that if you decided to emulate me and live full time in a motorhome that you would spend less money than you do now. Or not. It really all depends. I'll get to that.
Spending Less Doesn't Mean Motorhomes Are Cheaper
Initially, determining whether motorhome living is cheaper seemed easy. In order to enjoy traveling, I cut back my work hours and now live off of half the monthly income that I used to. So there we go. Living full time in a motorhome has caused me to spend less, so it must be cheaper, right? Unfortunately, I am a wasteful and impulsive creature, and much of that income was spent on whimsical things that are necessary for neither a renting lifestyle nor a motorhome one.
Anyone want to buy a used wi-fi detector t-shirt? I had the money, so I spent the money.So it seems that simply looking at whether I spend less money now or then is really just a measure of how many novelty t-shirts I bought. That's not a useful piece of information. Let's instead compare the real costs of things essential to living full time in the motorhome with what I used to need in order to survive as a renter outside of Washington, DC. I can do without shirts full of electronics in both cases, so I'll discount such things from the comparison.Your expenses while living full time in a motor home will vary based on your personal preferences for comfort and travel. My goal is to travel around the country visiting friends and sunny beaches, so I drive a lot. I also have a small motorcycle hooked on the back of the Winnebago for short trips when I'm stopped somewhere for a few days. I almost never sleep at RV parks, preferring instead the parking lots of large chain stores (free!), side streets in residential neighborhoods (free and creepy!), or the couch at a friend's place (who wants me next?).
Tweleve Months Of Living
Here are approximated expenses for 12 months of motorhome living:$7000 - Motorhome Depreciation: This is a better measure of expenses than my loan payment.$1500 - Motorcycle Depreciation
$1200 - Motorhome Insurance
$550 - Motorcycle Insurance
$7000 - Gasoline: I drive a lot, and only get about 9 miles to the gallon.
$200 - Mail Forwarding Service
$350 - Propane and Sewage: I use about one tank of propane ($25) per month, and occasionally pay to dump sewage ($5-$10).
$4900 - Motorhome Service and Repairs: Things break. Alot. Wait, what was that noise?
$1200 - Campground Fees: RV parks cost $20-$60/night, but I rarely stay in them.For a total of about $24,000/year, or $2,000/month.Compare the above items to the following ones that apply to me as a former renter:Rent
Gas, Water, Electricity
Auto Insurance
Car Depreciation
Car Service
GasolineIn my case, these items totaled about $20,000/year, or $1,600/month. Obviously, you should compare to your own situation.Conclusion Consider this article our conversation on the subject; now we can be friends! I've discovered that living in a motorhome isn't an instant path to frugality. In my case, I actually spend more on 'living expenses' than I did when I rented. However, the difference isn't very large, and my total expenditure is reduced because I chose to change many things about my lifestyle that have nothing to do with living in a motorhome. There's a lesson there somewhere, but I'm parked outside a casino, so I'll leave its discovery and explanation as an excersize for the reader (submit your homework in the comments, below). In conclusion to the conclusion, I theorize that no matter what your income is right now, you'd be able to live on it in a motorhome.
























