Monday, April 1, 2024

The Costs of Spending Retirement Living on a Cruise Ship

cost to live on a cruise ship

At the time, this looked like one of the most affordable long-term options for anyone interested in living on a cruise ship. In 2026, a company called Storylines is set to launch its first residential cruise ship called MV Narrative. Prices currently start at $875,000 and going up to $8 million, plus annual living fees. Guests can also purchase seasonal residency, splitting their apartment with others at different times of the year. This year, Nolan left his cruise ship job to embark on a new journey in Los Angeles. He told BI he made about $4,000 a month working and living on cruise ships and said it was easy to save money because his rent and the cost of meals were covered by the company.

Living on a Cruise Ship Costs FAQ

A couple in their 50s live permanently on a cruise ship because it's cheaper than a mortgage - Upworthy

A couple in their 50s live permanently on a cruise ship because it's cheaper than a mortgage.

Posted: Mon, 25 Mar 2024 19:37:47 GMT [source]

Due to the limited size of cabins and common areas, residents must downsize their belongings or consider renting storage space. Your friends and family are far away and letters can be few and far between thanks to the remote nature of living at sea. If this sounds like something you’re interested in, then this guide is for you. Keep reading and let’s take a look at this unique opportunity, what it’s like, and how to turn it from a dream into reality.

Invite Your Family Onboard

This makes it potentially significantly more affordable and less of a hassle than living on a ship from a major cruise line. A few cruise ships made for a permanent living have recently popped up. Here are a few of those cruise ships, including The World, MS Utopia, Somnio, and MV Narrative.

Table comparing the cost of living on cruise ships for 10 years

Is this something you would consider if you had the finances to do so? Drop us an anchor below to share your thoughts on living on a cruise ship. Some people only live on one ship for their entire “life at sea” career. Others, like Super Mario, have experienced living on several vessels — in his case, Royal Caribbean ships. If possible, those who are taking up a floating residence try to book the same cabin for most or all of their time onboard. Thus, they won’t have to move their belongings around from cabin to cabin.

The cost of living on a cruise ship - FOX 35 Orlando

The cost of living on a cruise ship.

Posted: Mon, 31 Jul 2023 07:00:00 GMT [source]

This means you can pay yearly fees at a much more reasonable five-figure sum, but the downside is that once your 12- or 24-year lease is finished, you don’t own the residence. And that cruise is epic – it’s a planned 3.5 year journey that will visit over 420 ports in 147 continents across all seven continents. And it’ll continue running this cruise in perpetuity, so once it completes the first navigation, it all begins again. You own your residence and so you’re able to welcome guests onto the ship if you wish. The ship features guest speakers, musicians, and cultural performances to entertain guests, similar to those which would feature on traditional luxury world cruises.

cost to live on a cruise ship

One of the first downsides is that living on a cruise ship can be fairly expensive. Tips, excursions, medical care, and premium dining options can quickly take a toll on your wallet. But while it’s true that cruises are a great way to vacation, have you ever thought about living on a cruise ship full time? Choosing to retire on a cruise ship or to simply call a cruise ship home and live life at sea can be an extremely rewarding and unique experience. The other cruise ships are projected to set sail in 2023 to 2026 and will hopefully provide additional affordable permanent cruise living options. If you would rather stick to a traditional cruise line, you can still keep prices low, but remember you’ll be booking cruises regularly, and you would need to avoid paying for many extras on the ship.

Since most packages are pretty all-inclusive, you can pay for a week or more on a ship and then not spend another dime until you return. The ship will hit every continent and visit destinations like Rio de Janeiro, Cape Town, Hawaii and Bali. Each stop on the MV Gemini itinerary plans for multiple days in port, allowing travelers the opportunity for exploration at their own pace.

Other Costs

Utopia is a luxury cruise ship that sells permanent residencies totaling 190 units, which range from 1,400 to 6,500 square feet. Luxury retail shops, spas and salons, and all sorts of luxury amenities are expected on board. To make the transition to a life on the high seas, we’ve put together a few tips.

Make Plans to Stay in Touch

If you’ve ever watched The Suite Life of Zack and Cody spin-off – The Suite Life on Deck – you may be familiar with living on a cruise ship. You might wonder how true it is and whether you can live on a cruise ship. That’s a lot of information, but considering how we’re talking about as big a decision as living your life on a cruise ship, there’s always going to be a ton of information you need. A minor consideration, but if you sail on a cruise ship, receiving mail isn’t as easy as it would be at home.

Read on to learn more about these challenges and how to navigate them for an ultimate guide to cruise ship living. Living on a cruise ship year-round takes socializing to an all-new level. Every day, you have the chance to interact with people hailing from different countries and cultures, opening doors for global friendships. It can be lonely living on a cruise ship, away from friends and family, so be sure to make time to socialize.

cost to live on a cruise ship

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.

Suppose you have serious health ailments that often require a trip to the hospital for check-ups and treatment. It would be best if you run the scenario of permanently living on a cruise ship by your regular physician. If you want to take more of a DIY approach to living on a cruise, you can follow in the footsteps of Mario Salcedo and simply book back-to-back cruises. With this plan, you’ll need to be prepared to fly from port to port every now and then. To call one of these ships home, you’ll be expected to pay anywhere from $352,000 to $36 million. On top of that, residents are required to pay yearly maintenance fees as part of their budget.

The UK’s cost of living makes it being cheaper than the average cruise, while the US is slightly more expensive. Dark Island is another residential cruise ship which is planned to be built by 2026. Otherwise, if you prefer the Voyagers Program, it works like any other cruise.

Examine the ship’s layout to see where your cabin is in relation to key areas like the lido deck, dining rooms, and entertainment venues. Consider potential noise from above or below your cabin, especially if it’s immediately above or below a dance floor, crew area, or near the pool. These fares typically don't allow you to select your cabin in advance. This will likely result in you being allocated a cabin at the front or back of the ship, but it will save you money.

At the high end, Storylines offers permanent residences starting at $3.2 million for up to 1,690 square feet. The purchase price includes all meals and beverages for residents, laundry service, onboard gratuities and laundry service. The cruise line also offers an onboard fresh foods market for residents who prefer to prepare meals themselves. On a seven-day cruise, you can expect your port fees to range from $100 to $250.

In total, it will spend three years or so traveling the world (the full itinerary is yet to be announced). It would be better to have the option of returning to land on a semi-regular basis to see a doctor and dentist, where prices will be lower. However, there are often exclusions if you spend less than a set number of days residing in the country, so it’s worth checking your local tax laws and speaking to your accountant for advice. Wachtstetter remained on Crystal Serenity until 2018 when she apparently had to return to land due to ill health. She’s published a book about her experiences, called I May Be Homeless, But You Should See My Yacht.

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