Dockage Unless the owner plans to spend the year at anchor then keeping the yacht in a marina incurs a significant cost.

How much does it cost to maintain a mega yacht. On some yachts a management company or a part of the owners business network handles accounting and makes financial decisions. Mooring fees are one of. It is 590 feet long and cost 600 million to build.

For a yacht thats 60-feet later model year and with average usage you can expect to pay 30000 per year. 10 Million The cost of a superyacht varies depending on the size and technology it comes with. Initial Cost Of A Superyacht.

We hate to hear when yacht owners were told by their broker to factor in 10 of the purchase price to operate the yacht. For an average-sized yacht of 45 metres the maintenance price can range from anywhere between 25 million and 4 million per year. As such expect to pay a few hundred to a thousand or more bucks a month for docking space.

This does not even account for maintenance costs either. Therefore a 50 million yacht is likely to cost around 5 million a year to run and maintain. The largest yachts have been reported to be costing their owners over 50 million a year.

Maintenance Cost The annual cost to insure operate maintain and store a yacht averages roughly 10 of its purchase price so every ten years you will end up paying for your yacht all over again. It is outliers like these that increase the price average for yacht owners perhaps scaring potential owners when they start their research. While yacht captains and engineers typically make 750-900 per ft per year mates deck hands and stewardess typically make 20-50 less depending on the experience they bring to the yacht team and demands of the yachting program.

Operating a megayacht like those above includes hiring and maintaining a crew of up to eighty who live onboard year-round. On average owners pay 10 of the yachts value in up-keep costs per year not including crew wages. Extrapolate that to a year and you may be spending anything between 3500 to 15000 a year depending on your boat and marina.