RV ownership is at an all-time high, with current data showing that more than 9 million households own an RV. This is the highest level ever recorded!
How big of an increase is this from previous years?
Well, the numbers are certainly significant they highlight a 16% growth from 2001 and an astounding 64% growth from 1980. And according to population and demographic trends, the RV industry isn’t slowing down any time soon. And unless your planning a great expedition, you are likely not going to need a top end option.
If you’ve reached this article, you’re likely jumping on the fascinating RV bandwagon. You may be wondering, “How much does an RV cost, exactly? Can I afford it?”
And no wonder RVs make weekend getaways that much more fun and convenient. In some cases, they’re tax-deductible. Not to mention that ‘tiny living’ is also gaining in popularity, and new innovations in RV tech allow for some fantastic upgrades and amenities.
So, without further ado, we’ll explain the average costs you can expect when purchasing your first RV. Let’s continue!
How Much Does an RV Cost? It Depends
To learn more about how much an RV costs, you’ll first need to learn about the various types of RVs.
Just like vehicles, there is no one type or one-size-fits-all approach. Rather, there are several options which will affect the price tag.
The various types of RVs include:
- Motorhomes – These are the most expensive, as they are driveable and include an engine. They come in four classes: A, B, B+, and C
- Toterhomes – Think of these like even more luxurious motorhomes (and therefore, not as common)
- Travel Trailers – This type of RV can be both large and small, and needs a vehicle with towing capabilities to move it. These are one of the most popular options since they’re travel-friendly
- 5th-Wheels – The additional fifth wheel allows this travel trailer to be more substantial than your standard travel trailer. They often have a loft (or second floor) near the bed/rear of the towing vehicle
- Toy Haulers – These are travel trailers or 5th-wheels that have an additional storage space in the back for adventure toys such as bikes, snowmobiles, you name it
- Campers – Perhaps the most affordable option, due to their small size
If you just want to dip your toes in the RV life, you may go for something smaller like a camper or a travel trailer. But for those who want to dive right in, you’ll likely consider something larger, like a 5th-wheel or a motorhome. The price of your RV will greatly depend on which type you choose.
Factors (Besides Type) That Influence Cost
Not only is that influenced by the type you choose, but other factors come into play as well. That includes things like:
- Whether you buy new or used
So, how much does an RV cost? As you can see from this guide, there is no set price. The cost can vary greatly based on these factors and more.
Is RV Living for You?
We’ve answered your question, “How much does an RV cost?” and now the rest is up to you.
Are you willing to pay the price for fun, adventure, and convenience? Only you can decide!
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