Are you dreaming of hitting the open road and living in an RV full-time, but your fear of the potential cost is holding you back? RVT’s guide is designed to help aspiring full-time RVers determine how much they need to save and budget before embarking on their journey. It will cover the costs associated with full-time RV living, ways to estimate personal expenses, and tips for creating a savings goal that’s both realistic and achievable.

Planning to RVing Full-Time

What does RVing mean to you? Ask the people you meet on the road and you’ll likely get a different answer from each person. Likewise, RVing full-time will require considering your individual needs and preferences.

Travel Style

RVing costs are highly variable, shaped by the unique choices and lifestyle needs of each RVer. Here’s a breakdown of factors that can significantly impact your monthly and annual expenses:

  • Lifestyle: Are you a minimalist comfortable with the basics, or do you want a lifestyle with more comforts and luxuries? A simpler, resourceful approach, often including boondocking (camping without hookups), can keep costs low. Those who prefer private campgrounds, high-end amenities, and frequent dining out will naturally incur higher monthly expenses.
  • RV Type: The kind of RV you choose directly impacts both startup and ongoing costs. A large motorhome (Class A) generally has higher fuel and maintenance costs than a smaller van conversion or travel trailer. Different RVs have varied costs for insurance, repairs, and campground fees.
  • Travel Frequency: Frequent travel means higher fuel costs and even a fuel-efficient rig can see significant expenses if you move every few days or weeks. On the other hand, those who settle in one area for extended periods (such as, monthly or seasonal stays) may see significant savings.
  • Location: Costs can fluctuate depending on the region. Campgrounds and daily expenses tend to be higher in high-demand areas, like popular national parks and coastal regions, while staying in rural or less-visited areas can reduce costs.

Personal Factors

Everyone’s budget will also be affected by personal circumstances. Here are a few key considerations:

  • Number of Travelers: Full-time RV living costs can vary significantly based on whether you’re solo, a couple, or a family. For example, families may need larger RVs with more space and could incur higher grocery, laundry, and activity expenses.
  • Pets: Bringing pets along means additional costs for food, veterinary care, and, in some cases, pet fees at certain campgrounds. RV pet insurance or emergency pet funds are worth considering as well.
  • Special Needs or Requirements: Those needing special medical equipment or advanced connectivity (such as Wi-Fi for remote work) may need to budget additional funds.

Potential Cost Ranges

Taking all these factors into account, it’s clear that there’s no single budget that will fit every RVer’s needs. However, it is possible to provide a general range to help you start planning based on lifestyle, which is the biggest factor under your control:

  • Frugal Lifestyle: For those willing to embrace minimalism – boondocking frequently, sticking to basic campgrounds, and keeping travel limited – monthly costs could be under $2,000. This budget is best for RVers who cook most of their meals and prefer low- or no-cost entertainment.
  • Moderate to Comfortable Lifestyle: A more balanced approach, which includes staying at private campgrounds and traveling more frequently, could bring monthly expenses to around $3,000–$4,000. This would include a combination of paid campgrounds, some boondocking, occasional eating out, and a few added comforts.
  • Luxury Lifestyle: Those looking for full convenience – RV resorts, extensive travel, dining out, and regular entertainment – might spend over $5,000 monthly. This budget supports a lifestyle with regular access to RV parks or resorts, premium amenities, and a range of paid experiences and activities.

With these ranges in mind, remember that flexibility is key. The ability to adjust your lifestyle and spending habits as you go will make a significant difference in managing costs and staying within your budget. Full-time RVing costs can vary widely from month to month even when you’re doing exactly the same things, so a combination of planning and adaptability will be essential.

Initial Startup Costs of RVing Full-Time

Transitioning to full-time RV life requires planning for monthly expenses and upfront costs that set the stage for your journey. Here’s what you can expect when preparing for the road.

RV Purchase (or Lease) Costs

The cost of an RV is often the largest initial expense for full-time RVers. Here’s what to consider when choosing the right RV for your budget and lifestyle:

  • Buying New: A new RV offers the benefit of fewer immediate repairs and comes with a warranty. However, new RVs are expensive, with motorhome prices ranging from $50,000 to over $200,000 for high-end models. Travel trailers and fifth wheels are more affordable, starting around $15,000–$50,000, but can be optioned to similar heights in pricing.
  • Buying Used: Opting for a used RV can save significant money upfront, with prices often 20–40% lower than new models. It’s crucial to account for potential repair or upgrade costs. A thorough inspection is recommended to avoid unforeseen expenses.
  • Leasing: Leasing is a less common but growing option for those interested in trying the RV lifestyle without a full purchase commitment. This could include a “rent-to-own” setup, where payments may go towards eventual ownership. Leasing fees vary widely, often depending on the RV’s age and type, so researching and comparing rates is essential. Like vehicle leasing, there are more restrictions with a lease than with financing, so make sure you pay attention to the fine print.
  • Financing: Many RVers choose to finance their RVs. Interest rates typically range from 4–7%, but rates can be higher based on credit scores and down payment amounts. Down payments are often 10–20% of the RV’s purchase price, so budget accordingly and be firm about your price range when shopping. Remember to look at the total cost, not just the monthly payment.

Your RV should fit both your budget and your lifestyle needs. Full-time RV living is best enjoyed when your RV is a comfortable, reliable space that suits your travel goals.

RV Inspection and Repairs Before Starting

Starting your journey without a thorough inspection is a risk no RVer should take, especially when buying a used RV.

  • Pre-Purchase Inspection: A pre-purchase inspection by a certified RV inspector can help you identify issues before they become costly repairs. Inspections typically range from $200 to $500 but can provide peace of mind and help avoid unexpected repairs on the road.
  • Repairs and Upgrades: When purchasing a used RV, budget for potential repairs or upgrades. Common repairs include roof sealing, plumbing or electrical fixes, and tire replacements. Depending on the RV’s condition, these can cost $500–$2,000 or more.

Registration, Insurance, and Taxes

Registering and insuring an RV adds another layer of cost to the initial setup. Here are key points to consider:

  • RV Insurance: Monthly insurance costs vary based on RV type, value, and coverage levels. Typically, insurance ranges from $50–$150 per month. More expensive RVs like motorhomes may have higher premiums than travel trailers.
  • State Registration Fees and Taxes: Registration fees vary by state, and some states impose sales tax (and possibly ongoing property tax) on RV purchases. Depending on where the RV is purchased and registered, these fees can range from a few hundred dollars to over a thousand. It’s worth researching these costs based on your home state or where you plan to establish residency.

Initial Outfitting and Gear Costs

Outfitting your RV is essential to make it fully functional and comfortable. From basic safety gear to interior comforts, here’s what you may need:

  • RV Essentials: This category includes hoses (water and sewer), leveling blocks, wheel chocks, surge protectors, and propane tanks. Essential equipment costs can range from $200 to $1,000, depending on whether you buy new or used items.
  • Interior Essentials: Outfitting your RV’s interior will include bedding, kitchenware, storage solutions, and furniture or decor adjustments. If you prefer a customized or high-comfort setup, plan for $300–$1,000 for basic items or more.
  • Connectivity and Tech Equipment: Many full-time RVers invest in tech to ensure reliable internet, especially if working remotely. Options include mobile hotspots, boosters, and antennae, costing $200–$600 for basic setups and even more for high-capacity options.

Budget Range for Outfitting

The overall cost to outfit an RV varies widely, depending on individual preferences. Here’s a general range to consider:

  • Minimal Setup: If you aim for a basic setup with only the essentials, expect to budget around $500–$1,000.
  • Fully Loaded Setup: For those who want a fully outfitted RV with comfort and convenience in mind, the budget could easily exceed $2,000.

Setting up your RV can feel overwhelming, but these initial investments create a more enjoyable and functional living space, helping you hit the road confidently.

Monthly Expenses for Full-Time RV Living

Once your initial setup is complete, managing monthly expenses becomes the key to sustaining the RV lifestyle long-term. Here’s a breakdown of common monthly costs full-time RVers can expect and tips to help manage these expenses.

Camping and Lodging Fees

Where you park your RV each night will be one of the most significant variables in your monthly budget. Here’s a look at the main camping options and how to manage costs:

  • Boondocking: Boondocking, or “dry camping” without hookups, is often free on public lands managed by agencies like the Bureau of Land Management (BLM) or the U.S. Forest Service. While there’s no nightly fee, boondocking often requires additional equipment, like solar panels or generators, which can be a substantial upfront investment. Over time, however, this can save money and provide flexibility for those who prefer remote locations.
  • State and National Parks: Rates typically range from $15–$80 per night. These parks offer beautiful settings, though availability can be competitive, especially in peak seasons. Note that while many state and national parks offer water and electricity hookups, it’s not a guarantee that all sites will have them.
  • Private Campgrounds: Prices can vary greatly based on amenities, location, and seasonality, often ranging from $30–$120 per night. Amenities like Wi-Fi, swimming pools, and laundry facilities add convenience but also increase the price.
  • Monthly RV Park Stays: For those who prefer staying in one place longer, some RV parks offer monthly rates, often between $400 and $1,500, depending on the park’s amenities and location. This option can significantly reduce average lodging costs compared to paying nightly or weekly rates.

Tip: Many RVers save by mixing free or low-cost boondocking spots with paid campground stays. Several online tools and apps (such as Campendium, FreeCampsites.net, or Allstays) can help you find affordable sites. Also check out our insider tips to save money at RV parks.

Fuel Costs

Fuel is another variable expense, influenced by the distance you travel, the type of RV, and gas prices in different regions:

  • Saving Money at the Pump: Limiting your travel distance each month can reduce fuel costs, as can traveling during off-peak times when fuel prices may be lower. Some RVers also use fuel discount programs, such as those offered through Good Sam Club or Pilot Flying J, to save a few cents per gallon.
  • Reducing Fuel Consumption: Your vehicle’s speed affects fuel consumption, with most engines being tuned to provide maximum fuel efficiency at around 60 mph, with every 10 mph above it resulting in roughly 15% more fuel consumed – if you get 9 MPG at 60 mph, then you’d get 8 MPG at 70 mph, and 7 MPG at 80 mph (not that you’d want to go that fast anyway). You can also help your fuel economy by picking a lighter-weight option when renovating or upgrading equipment.
  • Estimating Fuel Costs: Calculate fuel costs based on your RV’s average miles per gallon (MPG) and the distance you plan to travel each month. For instance, if your RV gets around 8–10 MPG and gas costs $4 per gallon, a 1,000-mile trip could cost between $400 and $500 in fuel alone.

Food and Groceries

The cost of food on the road will depend on whether you prefer to cook in your RV or eat out frequently:

  • Cooking: Meals in your RV are generally more budget-friendly. A grocery budget of $300–$600 per month is typical for couples, though this varies based on dietary preferences and specific needs.
  • Eating Out: Dining out, even occasionally, can quickly add up. While many RVers enjoy trying local foods, eating out too frequently can stretch your budget. Setting a weekly or monthly dining-out budget is a helpful way to stay on track.

Tip: Planning meals in advance and using bulk stores (like Costco or Sam’s Club) can help save money. Consider small, RV-friendly appliances, like slow cookers or Instant Pots, which can make cooking easier on the road.

RV Insurance

Full-time RV insurance is usually more comprehensive than weekend or occasional RV insurance, and it protects your RV as both a vehicle and a home:

  • Monthly Cost: Full-time RV insurance typically costs between $50 and $150 per month, depending on the RV’s value, coverage limits, and the owner’s driving history. More extensive motorhome coverage may fall on the higher end of this range.
  • Additional Coverage: Many full-time RVers also add coverage like roadside assistance (which can range from $80 to $150 per year) or extended warranties for peace of mind on repairs.

Maintenance and Repairs

Like any home or vehicle, RVs require ongoing maintenance to keep them in good working order:

  • Maintenance Fund: A recommended practice is to save around $100–$200 per month for maintenance. This fund can help cover routine upkeep like oil changes, tire replacements, and occasional repairs.
  • Unexpected Repairs: For older or heavily used RVs, consider saving an additional buffer – at least $500 – to cover bigger repairs that can arise unexpectedly, such as HVAC, plumbing, or electrical issues.

Setting funds aside helps prevent financial stress when these costs come up, whether in routine operation or surprise failures.

Connectivity (Internet and Phone)

Staying connected is essential for many RVers, especially those who work remotely:

  • Mobile Data Plans: Most RVers use mobile hotspots or data plans to stay connected. Basic data plans start around $50 per month, while more robust options with higher data limits or satellite connectivity (like Starlink) can cost up to $200 per month.
  • Equipment Costs: You may need additional equipment like boosters, which can improve connectivity in remote areas. One-time equipment costs for these boosters typically range from $100–$500.

Tip: Research data coverage for the areas you plan to visit and consider multiple options to ensure reliable access, especially in remote or rural areas.

Health Insurance

Health insurance for full-time RVers is a unique challenge, especially if you plan to travel across state lines:

  • Coverage Considerations: Some health insurance plans may not cover out-of-state care, so finding a plan that works nationwide or offers telehealth options is essential. Many RVers choose high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs) or explore options like short-term travel health plans or RV-specific insurance providers.
  • Budgeting for Premiums: Health insurance premiums vary widely, but a realistic monthly budget range for health coverage can be $200–$500 per person, depending on the plan and age.

Miscellaneous and Entertainment

It’s important to budget for fun and relaxation – after all, enjoying new experiences is a big part of the RV lifestyle:

  • Entertainment and Recreation: Budget for activities like national park passes, local attractions, outdoor gear, and other recreational experiences. The America the Beautiful Park Pass ($80 annually) offers access to national parks and other federal lands, which can be a great value for frequent visitors.
  • Other Costs: Include laundry (around $10–$20 per week), gym memberships, and any subscriptions or hobbies you want to maintain on the road. Many RV parks offer laundry facilities, but visiting local laundromats may also be a cost-effective option for longer-term stays.

Having a budget for planned and spontaneous activities allows you to enjoy the freedom and variety of RV living fully.

Building Your Savings Goal

Creating a savings goal is one of the most critical steps before transitioning to full-time RV life. Building a financial buffer tailored to your anticipated needs and potential challenges will allow you to enjoy RV living with greater peace of mind.

Emergency Fund

An emergency fund is one of the first components of a robust savings plan. RV living can bring unexpected expenses, and having a financial cushion can keep your lifestyle sustainable when surprises arise.

Even with careful planning, things can go wrong on the road. A major RV repair (like an engine overhaul or HVAC replacement), a health emergency, or a personal situation could require substantial funds. An emergency fund helps cover these events without disrupting your daily budget.

Most experts recommend an emergency fund covering three to six months of living expenses. For example, if your anticipated monthly expenses are around $3,000, an emergency fund of $9,000 to $18,000 would provide a reasonable safety net. If you’re traveling with a family or relying on older RV equipment, consider leaning toward the higher end of this range.

Travel Fund

Setting aside a dedicated travel fund will help you enjoy the journey without constant concern over fuel and campground costs. A travel fund specifically covers the cost of fuel, camping fees, and any sightseeing or travel-related expenses. It’s especially helpful during the initial months when you’re adjusting to the RV lifestyle and may not have settled into a steady expense pattern yet.

Aim to save enough to cover at least two to three months of travel expenses upfront. For instance, if your travel costs (fuel, lodging, activities) average around $1,500 monthly, a travel fund of $3,000 to $4,500 will give you a buffer to start exploring immediately.

Income Buffer

For those planning to work remotely or freelance while traveling, an income buffer can provide security as you transition.

Freelance work or remote gigs can fluctuate in income. A buffer allows you to maintain your lifestyle even during slower work periods or project transitions. Full-time RV life may also introduce unexpected connectivity issues or travel logistics that can impact your ability to work uninterrupted.

A good rule of thumb is to save three to six months of income, similar to an emergency fund. This might feel like an ambitious goal, but having this buffer allows you to transition into full-time RV life with less pressure to secure immediate income and adjust to early challenges.

Building These Savings Goals Gradually

Creating these funds may seem daunting, but a step-by-step approach will help you achieve these savings goals without feeling overwhelmed. Combining savings from downsizing, part-time gigs, and consistent budgeting efforts will help you establish these financial safety nets, ensuring a smoother and more enjoyable transition to RV living.

Your Full-Time RVing Dream Is Possible – Start Saving and Planning Today

Full-time RV living offers the freedom to explore new places, connect with nature, and simplify your lifestyle. But, like any significant lifestyle change, it requires careful financial planning to make it sustainable and enjoyable. By building a solid savings foundation, budgeting thoughtfully, and remaining flexible with your expenses, you can make the dream of RV life a reality.

While saving up for this lifestyle might initially feel daunting, each step you take – downsizing, cutting unnecessary costs, finding additional income streams – brings you closer to the open road. And once you’re out there, tools and budgeting practices will help you maintain control over your finances, ensuring you can focus on the adventure.

Ready to take the next step? Start planning and saving today. Explore RVT’s listings to get a sense of the RVs available and begin visualizing your future home on wheels. With some preparation, your full-time RVing dream is within reach – get ready to start your journey!

Share this article: