How Much Does It Cost to Live on a Cruise Ship?
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Some of the longest run for six months, but three months is more common. In this guide, I’ll take you through all the options for living on a cruise ship. You’ll learn how much it costs, and what you’d need to think about if you wanted to try it.
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It's doubtful you can get by without spending at least some money, but our estimate comes out to about $700 per person, per week. You don’t have to worry about doing the dishes or paying an electric bill. There’s always something going on, new people to meet, and every day you wake up to some of the most beautiful views in the world. It may be better to have a post box somewhere that you visit regularly – essentially, set up a home port where you can visit medical services and pick up any mail that you need. Morton Jablin, affectionately nicknamed ‘Captain’, is another long-term cruise passenger.
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You’ll want to look at everything to make sure it fits with your vision for retirement. Travel agents can also help you look for deals and suggest the best ships for your budget, travel preferences and living style. The Storylines head office will also be based on the MV Narrative, with company executives living on board. Punton will move onto the ship with his wife and two children, who are currently two and five. Retirees and those close to retirement are also buying into the ship, Punton told CNBC. One future resident is an ER nurse with about 30 years of working experience who is keen to work in the MV Narrative's medical team part time, Punton said.
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These ships are among the largest on the planet with a wide range of restaurants, bars, things to do, and even Central Park if you’re craving some greenery while at sea. “As a U.S. citizen, your income is still taxable, even if you’re at sea the majority of the time,” Tetreault says. That includes both federal income tax and state income tax if that applies to the state of your primary residence.
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And that's why, Wells, who is 28 and lives in San Diego, leased a residence on board a luxury boat that he will move into — and work remotely from — for at least three years as it sails around the world. It comes complete with medical services, a farmer's market, private kitchens and an exercise center, along with 24-hour room service, a co-working space and spa. You would need to budget for flights between ports and occasional hotel stays if you decide to return home or swap ships. Plus, there are tips for staff to consider, which can total thousands per person during the course of a year. That said, in general newer ships like the Horizon are more expensive to sail aboard. If you look for older ships, you should be able to cut the price down.
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What we’ve gathered from this guide is that financially, it is viable to live on a cruise ship, although you need to plan your cruise carefully. A cruise ship offers a number of perks over regular living, the main one being that you get to see the world. Living on a cruise ship means travelling all across the globe, experiencing new cultures and thrilling experiences. You can even pay monthly if you prefer, with financing options starting at $5,227 per month – a figure that may be within reach for many digital nomads.
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Per the website, MV Narrative is intended to be more a lifestyle choice and less of an extended vacation. As such, Storylines notes that it will interview potential residents to determine whether they’re a fit for the community. Here, for cost average purposes, we’re going to assume that you’re sailing in the Caribbean.
She was also working on boosting her loyalty status with Royal Caribbean. There are perks available to the highest loyalty levels that would save money when retirement time arrives. Complimentary laundry tops the list of valuable perks at the top levels on the mainstream lines, along with spa treatments and specialty restaurant meals, Wi-Fi discounts and free or discounted cruise nights. Even luxury lines like Silversea and Seabourn offer top loyalty members discounts and free nights. A feeling of confinement is tops on the list of reasons people I talked to said they couldn't retire on a cruise ship. Even on a large ship, you can only go where it goes, plus the room you call your own is likely to be far smaller than what you are used to.
At the same time, consider how you’ll expand your circle once you’re aboard the ship. Aside from the financial aspects of retiring on a cruise ship, there’s an emotional component to consider as well. Living on a cruise ship year-round may mean being away from your family and friends for long periods of time. Your cruise dates may coincide with major milestones such as graduations or births. Something else to keep in mind is the quality of care you could receive on a cruise ship.
During that initial nearly three-year-long sailing, the ship will visit six continents and will stop at various ports for one to five days at a time. Currently, there’s only one residential cruise ship operating called The World. Residents purchase their apartments as they would a condo or house, plus annual ownership costs. Arguably, the best way to live on a cruise ship is to purchase a residence on an actual residential cruise vessel.
Now this isn’t all that you’ll spend if you decide to retire on a cruise (more on that in a moment), but it represents the bulk of what you’ll pay. In total, we calculate living aboard this ship would run a starting cost of about $120,000 a year for two people — or roughly $60,000 per person. That comes out to about $330 per day for a couple traveling together and includes cruise fare, taxes, and gratuities. Have you ever dreamed of life on a cruise ship, spending your days coasting with the motion of the ocean and watching the sun set on the horizon each evening? They take up residence on cruise ships by booking consecutive cruises for months and years on end.
Every cruise line will tack on port fees to the total cost of your cruise. Port fees are fees charged by the port of call to the cruise line, which they then pass onto the passengers. Port fees are charged based on the passengers, and every passenger pays the same fees. "I've been told I'm crazy for trying to live full time on a cruise ship, but it's not just for retired people," Gutridge said.
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