yacht cost

Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

• Yacht costs vary greatly based on size, brand, age, and features
• Additional expenses such as maintenance, insurance, and crew should be factored in
• Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

• Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
• Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
• Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
• Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

• Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
• Dockage: Yacht owners should budget around $350,000 annually for marina fees.
• Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
• Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
• Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

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How Much Does a Yacht Cost to Own?

Bigger yachts with modern amenities and comforts cost more than smaller yachts with standard fixtures. But we are just talking about the initial cost here. The annual operating cost is a whole other consideration to take into account. How much does a yacht cost to own? 

An average-sized yacht costs approximately $8.4 million to buy. The annual cost of owning a yacht is a different matter. To maintain a 60-foot yacht, you would be spending about $100,000 per year.

To know how much it will cost to own a particular type of yacht, you have to select the specific size, brand, amenities, age of the yacht, and dock area to determine its exact cost.

Read on to learn more about how much it costs to own a yacht, including the upfront purchase cost and the annual operating cost.

An average-sized yacht costs about $8.4 million to buy. A 60-foot yacht costs about $100,000 per year to maintain.

The purchase price of a yacht is just its initial cost. When asking how much a yacht is, you also have to consider the expenses of owning one.

These expenses will include dockage fees, the salary of a captain and/or crew, regular maintenance, occasional repairs, and other sundry things that may crop up from time to time. Let us discuss these costs one by one.

1) Marina Berthing Cost

If you intend to keep the boat in your water home front, you will save a lot compared to paying a monthly regular dockage fee in a marina. Barring this condition, you have to factor in the cost of storing your yacht at a marina.

The cost of yacht berthing at a marina depends on the location, services, and amenities offered there. But essentially, you will be charged per foot. These charges also vary depending on the place. For example, in Florida, the docking costs in the Martin County marinas can be half the berthing costs of marinas in Miami-Dade.

To give you ideas of the cost of dockage in a marina, here are two sample marinas in Florida:

1. Sailfish Marina

Sailfish Marina is a popular marina located in Martin County because it is nearest to the St. Lucie Inlet. It can accommodate yachts from 60 feet and up. If you buy an annual contract for a slip, it will cost you $18 to $20 per foot every month.

If you want to use some of their utilities, such as water, electricity, and waste removal, you will have to add $110 to $310 to your berthing cost. And if you add the docking fee plus services, your monthly expenses will be from $128 to $330 per foot every month. Annually, that would range from $92,160 to $237,600. Your monthly expenses will range from $7,716.00 to $19,800.

Additionally, your boat ’s overall length and not its stated length on the brochure will be used to compute your annual docking fee.

2. Palm Harbor Marina

This marina is located in Palm Beach County. There are more than 200 slips in this marina. It can accommodate superyachts of around 250 feet in length. This marina has the latest Marinetek concrete floating docks.

Docking a 60-foot yacht in this marina will cost approximately $2,650 a month or about $44 per foot. It is more expensive here because of its state-of-the-art facilities. Your annual berthing fees will be $318,000.

It also costs more because this marina has a yacht club, featuring a complete fitness center, media center, hospitality bar, concierge, game room, and deli. This marina is at the center of nightlife and near the best restaurants in Palm Beach.

2) Maintenance Cost

How much does it cost to maintain a small yacht? Your yacht will efficiently perform if you have regular preventive maintenance. If you just let it rest in the marina and only occasionally look into its needs, the sea’s destructive elements will weaken your boat and make it unable to sail .

For your 60-footer yacht with average usage, you can expect to spend around $30,000 a year in maintenance costs. Average usage means from 150 to 200 hours of sailing or cruising. This cost only refers to the regular maintenance works that should be done to the yacht so that it will always be in ship shape.

This does not take into account incidents where a part breaks down and needs to be replaced. The usual maintenance work involves regular inspection of the underwater parts of the boat, which costs around $3 per foot.

Regular washing is essential as well. It will cost you another $3 per foot. Periodical full systems check is also required, which can cost about $1,000 every time it is done. As usual, these costs can vary, depending on the boat and the location of the marina.

Yacht builders advise boat owners to hire yacht management companies to take care of their boats . Some of these companies can supervise the upkeep of up to 50 boats at any given time. They will take the heavy load of preventive maintenance off your shoulders.

If you have a yacht manager, he will ensure that your boat is always in tip-top condition. He will make sure that all systems, motors, generators, electrical wirings, plumbing, and fixtures work effectively. This preventive maintenance strategy will save you thousands of dollars in repair and downtime costs.

3) Fuel Costs

Your fuel consumption mainly depends on your boating style. Limiting your boat’s speed from 8 to 10 knots will give you better fuel efficiency and longer cruising times.

For a 60-foot yacht with a 1,200-gallon tank and about $3.50 average fuel price, every full tank will cost you around $4,200. Your annual fuel costs will also depend on how many times you are using your yacht, how long your average trip is, and the price of fuel at the gas outlet.

4) Insurance Costs

Insuring your yacht is also very important. You need to protect your investment. Don’t drive your boat without insurance because even if you practice extreme caution, unforeseen events can happen. Insurance is your protective umbrella for things that you can’t see in the future.

Insurance fees would range from $6,000 to $8,000 per annum using the 60-foot yacht as the basis. This is the cost range in the Northeast. But if your boat is berthed in Florida, the insurance fees will range from $10,000 to $12,000. However, if you intend to charter your boat, your insurance costs will increase to $14,000 per annum.

5) Winter Storage

Protecting your boat during the winter, if your boat is berthed in the eastern parts, is also very important if you want to extend its service life. Winter storage may include hauling, dry-docking, shrink wrapping, and blocking to prevent it from moving. The average cost for all these procedures for a 38-foot yacht is about $3,800 if the berth is located in Connecticut. You’ll spend around $1,500 if the marina is located in Maine.

We’ve answered the question, “what is the average cost of a yacht?”; Next, let’s look at the estimated cost for different sizes of yachts.

How Much Does a Small Yacht Cost? 30 Feet Long

How much does a small yacht cost? The price of a yacht below 30 feet in length ranges from $35,000 to $65,000. Once a yacht goes over 30 feet, the price almost doubles. The price range for yachts ranging from 31 to 35 feet is $75,000 to $150,000.

Here are some sample yachts listed for sale online:

• Sportcraft Model 3010 Express –   31 feet overall length, priced at $43,500.
• 2000 Sleekcraft Model 30’ Heritage –   30 feet overall length with the price of $39,495.

How Much Does a 40 Foot Yacht Cost to Own?

How much is a small yacht of about 40 feet in length? Once the length of a yacht exceeds 35 feet, its price considerably increases. The price range of yachts measuring from 36 to 40 feet is from $125,000 to $225,000. Slightly bigger yachts ranging from 41 to 45 feet can cost from $325,000 to 475,000.

Here are some of the yachts within this range that are selling online:

• The Atlantis –  40 feet overall length and priced at $297,500. It has a cruising speed of 34 knots and a maximum speed of 38 knots, with two staterooms and two heads.
• Carver 396 Motor Yacht –  40 feet overall length and priced at $200,000. It has a full enclosure boat that can accommodate six people. Its cruising speed is 18 to 20 knots.

How Much Does a 50 Foot Yacht Cost to Own?

How much is a yacht of 50 feet in length? Yachts reaching the length of 46 to 50 feet have a price range that starts from $375,000 to $625,000. Here are some samples of these kinds of yachts being sold online:

• Jeanneau Sun Odyssey 50 DS –  50 feet OAL, cruiser type, with one diesel engine and an asking price of $289,000.
• Beneteau Cyclades Four Cabin –  50 feet OAL, cruiser type, with one diesel engine and an asking price of $179,000.

How Much Does a 60 Foot Yacht Cost to Own?

How much is a yacht that is 60 feet in length? For yachts that are between 50 and 60 feet, their prices range from $1,300,000 to $3,000,000. Those that are between 60 and 70 feet may range from $1.5M to $3M. Here is an example of this kind of yacht:

• 2020 Cruiser Yachts 60 Cantius – With OAL of 60 feet, three staterooms, retractable sunroof, and other luxurious amenities. The price is $2,539,389.

How Much Does an 80 Foot Yacht Cost to Own?

The price range of yachts measuring 70 to 80 feet long is from $2.5M to $4M. For those with lengths between 80 and 90 feet, their price ranges from $3.5M to $8M. An example of a yacht within this range that’s for sale online is the 2015 Azimut 80.

• 2015 Azimut 80 – Has an overall length of 83 feet with four cabins, four heads, double VIP forward, double guest cabin, and an owner’s full-beam cabin at the center of the yacht. The price of this luxurious yacht is $3,350,000.

How Much Does a 100 Foot Yacht Cost to Own?

How much is a 100 foot yacht? Yachts with lengths ranging from 90 to 100 feet are already considered superyachts. They have prices that range from $3.5M to $8M. Here are some samples of these yachts for sale online:

• Azimuth –  100 feet overall length, has a large saloon with a separate dining area, large galley, large center master cabin with en-suite head and dressing, and many more comfort luxuries. The price is $1,300,000.
• Sanlorenzo –  100 feet overall length, with four cabins and en suite facilities, three crew cabins, five heads, and many comfortable amenities. The price is $1,725,088.

How Much Does a 150 Foot Yacht Cost to Own?

Superyachts are also called megayachts. They range from 100 to 200 feet long. The price range of these super expensive yachts ranges from $10M to $25M.

A fantastic example of this kind of yacht is the NADAN. It is for sale at around $28,200,000. This small ship has a classic yacht design with room for nine guests, four staterooms with one Pullman berth, a sky lounge, and many more luxurious amenities.

How Much Does a 180 Foot Yacht Cost to Own?

A 180-foot yacht is already a small ship with a price between $10M to $25M. An example of this huge yacht is the 180-footer Newcastle 2011 Sovereign. It is now on sale for $23,950,000.

This yacht has a cruising speed of 12 knots and a maximum speed of 14 knots. It has six big staterooms with two true masters, huge exterior deck space, high ceilings, and many more amazing amenities.

How Much Does a 200 Foot Yacht Cost to Own?

Yachts measuring 200 feet or more are really huge megayachts. Their prices can range from $18M to $250M. One example of this kind of yacht is the Formosa, with a price of approximately $40,628,000.

Its total length is 196 feet and 10 inches with a private owner’s deck, two VIP suites, two double guest suites, and one double cabin. This megayacht can accommodate 13 guests in its luxurious decks.

Conclusion – How Much Is a Yacht?

Russian businessman, Roman Abramovich, paid an estimated €340 million (about $400 million) for his 533-foot super-yacht, the Eclipse. The annual operating cost of the Eclipse is about $60 million. This is at the extreme upper end of the cost of a yacht. But what about the average cost? How much does a yacht cost to own on average?

Based on current sales data, on average, a typical yacht would cost approximately $8.4 million. The cost of owning a yacht is another matter. To maintain a 60-foot yacht that costs $1 million, you would be spending $100,000 per year.

If you want to determine how much you’ll have to spend to own a particular type of yacht, you have to select the specific size, brand, amenities, age of the yacht, and docking area to determine its exact cost of ownership.

Related reading:

How Much Does It Cost to Rent a Yacht? Day, Week, and Party Rate

How Much Is Boat Insurance? [10 Cost Factors]

How Much Does It Cost to Charter a Yacht?

• Post category: Maintenance and Boating
• Post author: Drew S.

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How Much Does a Yacht Cost?

December 11, 2024 by samantha wilson.

We hear questions like “What’s the cost of a yacht?” on a regular basis, and it’s a difficult to answer the question with any precision because the cost of yachts covers a wide range. Much the same as with houses, the prices vary significantly depending on size, style, age, and finish—even location. The price difference for yachts can in fact stretch to millions of dollars when we consider they range from 30-footers all the way up to 300-foot superyachts. But we’re getting ahead of ourselves—first, let’s tackle the more fundamental question, “What is a yacht?”

What Classifies as a Yacht?

To begin with, yachts can be  sailing yachts or motor-powered yachts. But it’s the size of the vessel that gives it the true classification of yacht status. Many in the industry classify a boat as a “yacht” from 40 feet up to 70 feet, although there are others who will include any vessels over 30 feet. Over the 70-foot mark, we’re getting close to superyacht territory, and above 165 feet, they’re megayachts. However, there is no hard and fast rule, and what may be a yacht to one person might not be to another, with a 20-foot sailing boat classifying as a yacht if the owner feels it is one.

While size is the main determining factor in labelling boats as yachts, amenities aboard also play a role. For example, yachts usually have cabins and heads below allowing for overnight stays, as well as a galley, and plenty of deck space for leisure. 

The term “yacht” has become synonymous with luxury, especially with the boom in superyachts making international news. But a yacht doesn’t have to be luxurious, and everyone will see luxury differently. A beautiful 30-foot trawler yacht might be luxurious to one person, but Jeff Bezos and his brand new $500 million sailing yacht Koru would probably see it differently. 

The Cost of Buying a Yacht

Looking at an average price across all yachts isn’t a very helpful figure, because sizes of yachts vary from 30 feet to 300 feet or more. And that doesn’t take into account whether a boat is new or used.  Broadly speaking, in the United States you can often buy a small, used sailing yacht for £12,000 or $15,000, but you may well find that figure to be at least 10 times higher for a small, new motor yacht. And it can almost go without saying, but a larger, new sailing or motor yacht can cost hundreds of thousands of dollars, or even a million or two. As for superyachts of 100 or 200 feet in length, depending on age, you’ll commonly see prices of $10 million to $25 million.

The Cost of Different Types of Yacht

When we talk about yachts and their values, we usually refer mostly to the length of the yacht as that tends to be the identifying factor, but the style, engine size, and finish also play a huge role in determining how much they cost. Here we take a look at the average price differences between new and used yachts in the United States at varying sizes. 

How much does a small yacht cost? (25 to 40 feet)

A small power yacht around 40 feet, such as a cabin cruiser, might be considered an entry-level yacht, yet it’s a big step up from much smaller day boats. Vessels this size likely have cabins and heads and a small galley, and they offer the chance to spend weekends onboard. Prices will be hugely variable depending on whether the yacht is used or new, and the model, finish, and horsepower. Almost new (one or two year old) yachts around 40 feet can cost anywhere from $350,000 to over $1 million, but the price for older models falls dramatically. To give you a sense of the market for used yachts of this size in the United States, the average price for those from 36 feet to 45 feet is barely over $200,000.

When we’re looking at smaller yachts around 25 to 30 feet, these are generally considered day or overnight cruisers and some will have a small cabin and galley. Sports cruisers between 25 and 30 feet that may range from $70,000 for a good-condition used model to well over $250,000 for a brand new one. See our guide to the different types of boats for a better understanding of what is available and what might be right for you. 

Sports cruisers measuring 25 to 30 feet can cost from $70,000 for a well-maintained used model to over $250,000 for a brand-new one. Jeanneau photo

How much does a medium-sized yacht cost? (40 to 70 feet)

Mid-sized yachts that fall within the 40 to 70 feet category vary in price from around $150,000 to over $5 million, but that figure depends on the size, model, finish, engines, and extras, as well as whether it’s a brand new boat or used. According to the Boats Group Market Index of 2022, the average yacht price in the United States was at the lower end of this range—$154,357 from 43,915 boats sold, while internationally that figure was $368,206 from 10,670 yachts sold. 

Yacht prices in this size range also vary a lot depending on whether they’re new or used. As an example, the base price for a new Viking 58 is $4.1 million, while a used model can be purchased for $3.5 million for a three year old model, or about $600,000 for a 10 year old model. Check out our new and used luxury yachts for sale on Rightboat for more comparisons. 

For their higher price tags, mid-sized yachts offer spacious interiors, large decks for lounging and entertaining, as well as features such as swim platforms, alfresco dining areas, comfortable cockpits, and large staterooms for longer times spent at sea. They are equipped with all the comforts of home and designed for entertaining guests and embarking on longer voyages. 

A new Viking 58 costs $4.1 million, while a three-year-old model is $3.5 million, and a ten-year-old model around $600,000. Viking Yachts photo

How much does a sailing yacht cost?

Long before the internal combustion engine was invented, sailing yachts and sailboats of all varieties have been gracing, and crossing, our oceans. While these days we tend to think of yachts as the luxurious motor vessels that far outnumber their sailing counterparts, sailing yachts have their own class. As we’ve seen with motor yachts, the size, age, and finish of a sailing yacht will determine the price tag. Prices might start at $5,000 for 25-foot fixer-upper and run to $5 million or more for a new cruising catamaran. Even more for sailing superyachts. The largest sailing yacht in the world is Sailing Yacht A , which cost an estimated $600 million and measures a staggering 470 feet in length. 

While a new 100-foot sailing yacht will typically cost several million dollars, sliding back down the length ladder, smaller yachts will cost progressively less. A 55-foot yacht that is new might retail for $2 million, a two-year-old by another manufacturer might sell for $1 million, and a 20-year-old yacht of the same length might sell for $500,000 or less.  At 35 feet, a new sailing yacht may cost only $250,000 to $500,000 depending on brand, a 30-year-old model will often cost one tenth as much. See what you can get for your money with our sailing yachts for sale on Rightboat. 

Sailboat prices can start as low as $5,000 for a 25-foot fixer-upper and go up from there. Beneteau photo

How much does a luxury yacht or superyacht cost?

Superyachts are some of the most luxurious vessels in the world and it comes as no surprise that they don’t come cheap. Anything above 78 feet is generally accepted to be a superyacht, and they can range up to 165 feet beyond which some in the industry refer to them as megayachts. This term is still debated (see Mega Yacht vs Superyacht ).

Superyachts require a full time crew to run them, which adds to the overall cost of running such a large vessel. So how much does a superyacht cost? The costs vary widely, with some estimates of up to $1 million per foot of length to build a new top-of-the-line custom superyacht. Used superyachts will cost less than a new build, and you can buy a 10 year old, 80- to 90-foot superyacht for around $2.5 million. Models that are less than five years old will be closer to the $4 million mark, while a brand new one will cost around $9 million. Check out our listings for superyachts for sale all across the world. 

The costs vary widely, with some estimates of up to $1 million per foot of length to build a new top-of-the-line custom superyacht.

How much does a megayacht cost?

When we reach megayacht status, the prices skyrocket along with the length of the vessels. While the term megayacht is debated, these days it tends to refer to vessels over 165 feet. The largest megayacht in the world is currently Azzam , which is 590 feet long and cost $600 million to build. Yachts in this class are the most luxurious in the world, and feature huge swimming pools, helicopter pads, huge guest and crew accommodations, beach clubs, and much more. The upkeep of vessels of this size can run to $20 million or more for the crew fees, fuel, mooring fees, insurance, food, and maintenance. If you want to set eyes on the world’s most astounding superyachts and megayachts check out our superyacht travel guide to where you might find them, or use our search to discover megayachts for sale . 

The world's largest megayacht, Azzam is 590 feet long and cost $600 million to build.

New Yacht Costs Versus Used Yacht Costs

While it’s clear that there is an initial purchase price difference between a new and used yacht, there are some other cost considerations to take into account, too. A new yacht will be equipped with the very latest in technology and accessories, as well as having zero wear and tear on the hull, engines, or electronics. They will also come with a manufacturer warranty that offers peace of mind for a set number of years. During this time, new yachts generally cost far less than a used yacht because if anything goes wrong it is covered under the warranty. Having said that, depreciation must be taken into account with a new yacht as they tend to depreciate 10% in the first year and around 6% every year after that. 

On the other hand, a used yacht often costs far less to buy and offers great value for money, but it has to be taken into account that there is unlikely to be a warranty included. The upkeep is also likely to be more than it would be for brand new boats as it will require more maintenance and upkeep, perhaps not be as efficient as a newer model, and need upgrades along the way. 

The Cost of Owning a Yacht

The cost of owning a yacht is critical to factor in when looking at the initial purchase price, and even if you’re in the market for a small yacht, you’ll need to factor in the annual costs which include:

• Marina fees: These will vary depending on your location and the size of the boat. Expect to pay from $5,000 for a yacht at the smallest end of the scale up to tens of thousands for larger yachts.
• Insurance: As a general rule, you can expect to pay around 0.5% of the value of the boat annually. Check out our guide to boat insurance for more information. 
• Maintenance and repairs: As a rough estimation you can expect to spend around 10% of the value of the boat on upkeep each year. This might be lower if it’s a new yacht.
• Gas: This will vary depending on how far you cruise and how large the yacht is.
• Crew: Yachts up to around 80 feet don’t require a crew, but the larger the yacht the more crew it will need. Crew salaries range from $3,200 per month for junior crew to $10,500 per month for captains and chief engineers. In general, a yacht of 80-100 feet in size will require a crew of between two and eight, while yachts between 100 to 200 feet will require between 8 and 20 crew members.
• Depreciation: Brand new boats depreciate the most quickly, with most depreciating by 40 to 50 percent  of their initial price over the first 8 to 10 years.

Read more about the Real Costs of Boat Ownership as well as Top Tips to Lower the Costs . 

When buying a yacht, it’s crucial to consider ownership costs beyond the purchase price. Even for smaller yachts, annual expenses like marina fees, insurance, maintenance, etc. must be accounted for.

What’s the Difference in Cost Between Buying a Boat and Buying a Yacht?

As we’ve examined above, a yacht can be something different to different people. While a superyacht is indisputably a yacht, a 30-foot sailing yacht may be considered a yacht as well, and the variable purchase prices and running costs will be relative to those sizes and styles. Buying a boat is another broad term, where everything from a Jon boat to a pontoon boat to a 30-foot cabin cruiser can fall within this category. If we take a 20-foot bowrider, for example, we can see how the cost of buying a boat can vary hugely from around $25,000 to $150,000. An average 20 percent per year in running costs is then calculated on top. 

Are Yachts a Good Investment?

Anything that brings you joy and gives you and your family time together is a good investment. But looking at it from a purely financial point of view, yachts are a luxury item and they come with their own costs. Like cars, yachts normally don’t appreciate over time but depreciate in price. When you factor in upkeep and running costs, yachts are not likely to make you any money. There are some instances where upgrades to a well-cared-for used yacht that is a highly sought after model can in fact offer a positive return on investment, and some brands of sailboats are a good example of this. 

This article was published in July 2023 and updated in December 2024. 

Written By: Samantha Wilson

Samantha Wilson has spent her entire life on and around boats, from tiny sailing dinghies all the way up to superyachts. She writes for many boating and yachting publications, top charter agencies, and some of the largest travel businesses in the industry, combining her knowledge and passion of boating, travel and writing to create topical, useful and engaging content.

More from: Samantha Wilson

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