Embarking on the journey of full-time RV living is undeniably enticing, promising a nomadic lifestyle filled with freedom and adventure. However, when it comes to the financial aspect, the burning question emerges: Is living in an RV truly more economical than renting an apartment? In this blog post, we'll delve into the various factors influencing the cost of RV living and compare it to the expenses associated with traditional apartment dwelling.
Factors Influencing the Cost of RV Living
Campground Costs with Hookups: The choice of where to park your RV is a crucial financial consideration. While boondocking and free campsites can slash expenses, opting for campgrounds with hookups comes with a price tag. Campground fees, especially in sought-after locations, can accumulate rapidly, potentially offsetting the perceived cost savings of RV living.
Fuel Costs: Unlike apartment living, RV living involves constant travel. Fuel costs vary based on RV size, efficiency, and travel distances. Even with fuel-efficient RVs, overall fuel expenses may still surpass the static lifestyle costs of apartment living.
Maintenance and Upkeep: RVs, like any vehicle, demand maintenance and occasional repairs. Regular upkeep, insurance, and unexpected breakdowns contribute to the overall cost of RV ownership. In contrast, apartment dwellers typically avoid the responsibility of maintaining a mobile living space.
Utilities and Amenities: Apartments often include utilities like water, electricity, and sometimes internet in the rental package. RV living may necessitate factoring in propane, electricity hookups, and other campground amenities.
When RV Living Might Not Be Cheaper
If the aim is to stay at campgrounds with hookups most of the time, the financial equation starts to shift. Campground fees, combined with fuel costs and potential maintenance expenses, can rival or exceed the monthly expenses associated with renting an apartment.
Our Finances While RVing
Embarking on this journey in September 2023, we traveled to South Dakota, choosing campgrounds due to work needs. The average cost is $50-80 per night, ranging from $1500-2400 monthly on campsites. Before RVing, we lived in a 1-bedroom apartment in Columbus, Ohio, for $1300 monthly, and in Washington DC, paid $2700 for a 1-bedroom apartment. Not to mention the current $4 per gallon diesel cost!
While our apartment living costs were lower, we felt confined in a city, yearning for the great outdoors. Now, our life is a full-time adventure, exploring new areas while living our day-to-day. Boondocking more could cut costs, making RV living incredibly cheap for many.
The cost comparison between RV living and apartment dwelling is nuanced, depending on various factors. For those seeking maximum financial savings, embracing an off-grid lifestyle, boondocking, and staying at free campsites can be key. However, if the allure of hookups and amenities in campgrounds is preferred, the financial advantage of RV living may diminish.
Conclusion: RV Living or Apartment Dwelling? A Personalized Financial Decision
The decision between RV living and apartment dwelling should factor in individual preferences, lifestyle goals, and budget constraints. While RV living provides unparalleled freedom and a unique lifestyle, it's crucial to carefully weigh the financial aspects, ensuring that the chosen path aligns with both your adventurous spirit and financial well-being.
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