Cost To Live In A Trailer Park

Last Updated on September 17, 2023
Written by CPA Alec Pow | Content Reviewed by CFA Alexander Popinker

Who doesn’t like to live freely, in communion with nature, to enjoy all that it has to offer, to get rid of the crowds of the city and its infernal noise? Most people who want to experience a different lifestyle, choose to travel by trailer.

Is the trailer ideal for holidays or for living every day? This is a question that many people want to find an answer to because they want to understand if they could leave their apartment in the city and move permanently in the middle of nature or in a trailer park.

How Much Does It Cost To Live In A Trailer Park?

When talking about the cost of living in a trailer park there are two main factors that we need to consider. First of all, we must take into consideration the cost of the trailer itself, and secondly, the cost or the rent of the lot for the mobile house.

Regarding the cost of the mobile home and the trailer park rent, it would be anywhere between $30,000 and $70,000 for an basic home. Expect to spend more than $100,000 for a fully customized mobile house.

At first, the cost of the trailer may seem too high for you, but it is affordable if we compare it to the rent of a median apartment which is around $1,250 per month. Also, you can get a loan and pay a monthly mortgage for your mobile home.

You might also like our articles on the cost of a scamp trailer, a trailer hitch installation, or a double-wide trailer.

On the other hand, for the rent of the lot you will have to budget anywhere between $220 and $310 per month. The costs with the septic tanks, public utilities and hookups will be included in this price.

In tyrn, if you would get a loan for your mobile home mortgage, the total costs would not be more than $720 to $930 per month.

So, the cost of a trailer park rental is much lower than the rent of a one-bed apartment, that may be around $1,300 per month or even more. Moreover, you might also get to own a little yard around your mobile home and have a pet.

In the table below you will find the average costs of mobile home lot rent.

If you are on a tight budget or you just want to save money, you can look for a used or old mobile home. In this case your costs with the trailer park would be anywhere between $310 and $550 per month. The costs are lower because you will not have to pay for the mortgage.

Another cost to consider when talking about the trailer park is the annual utility bill. The costs with the gas, water and electricity would be around $1,000 per year, which is much less than for an apartment.

Advantages of living in a trailer park

The main advantage of living in a trailer park is that you don’t have to pay a monthly rent to a landlord of an apartment without getting anything back. If you own a trailer you may get some money back. For example, if you have to move to another place, you can sell the mobile home and get some money.

Even though the initial costs are higher compared to a home rent, the overall cost are lower.

Also, you may have a small yard where you can walk or even plant something. As this is a large, open space, you can enjoy the greenery and the clear sky as well. Moreover, you can interact with your neighbors and make friends.

Disadvantages of living in a trailer park

One of the main disadvantages of living in a trailer park is that you would not have that sense of comfort and privacy an apartment gives.

Also, when living in apartment in a city you have easy access to gym, swimming pool or a parking space. All of these are not available with a trailer park.

FAQs

How can I find a mobile home for rent?

You can look on various online listing platforms or you can make use of a local agent or realtor.

It is safe to live in a trailer park?

Yes, it is safe to live in a trailer park.

Do I have to pay taxes on a trailer?

The taxes for the owning of the mobile home should be paid by the owner of the home. In case you own only the home, and not the land underneath, you will have to pay a owner’s tax to the motor vehicle department of the state. Though, in some states this tax is not required.

Conclusion

In order to live as economically as possible, this can also be done, not just on holiday, so it would not be bad for people who are thinking of living free or for retirees to invest in a trailer that is practically a portable house. Some of them want to reduce their expenses only during the summer and the caravan can fulfill this wish because they can place it in a campsite, in a fabulous area, and they can forget about the big bills that would come if they lived in an apartment.