RV ownership is an affordable way to live and travel the world. Owning an RV gives you a house on wheels which means no more hotel planning. As more people want to travel, RV demand is rising.
Are you on the fence about buying an RV? These RV ownership statistics will provide extra insights to guide you.
Full-Time RV Ownership Is Gaining Momentum
Approximately 1 million Americans live in RVs full-time, with millennials leading the way. The pandemic has inspired many people to travel across the US. The affordability of full-time RV ownership compared to buying a home makes it an attractive purchase for many consumers.
Total Monthly Costs for Full-Time RV Ownership Are $1,400 – $3,000 Per Month
While each RV owner is different, living costs typically range from $1,400 – $3,000 per month. The monthly living costs of RV ownership largely depend on how much distance you cover and your RV’s current condition.
More mileage yields a higher gas bill. If you drive only a few hundred miles each month, you will find your monthly expenses closer to the low end of the range. RVs in better condition will cost less in repairs.
Over 25 Million Americans Use an RV Each Year
Millions of Americans get a taste of RV ownership each year by renting out a vehicle. While heightened RV demand isn’t new, it’s gaining more momentum.
Booming travel due to easing pandemic restrictions suggests this trend will continue. Americans want to make up for the lost time in 2020 and double down on their vacations. Millions of Americans will use an RV to accomplish that goal.
38% of the 40 Million RV Owners Are Millennials
The rising pool of RV adventurers and a higher cost of living across the country suggests more people will own RVs in the future. Millennials are leading the charge.
Younger generations dictate future trends. Many millennials create #vanlife social media posts to share their RV experiences. The hashtag combined with growing popularity amongst millennials can help the RV momentum continue in future generations.
Families of Four Save 21-64% on Travel Costs Buying an RV
RVs attract many buyers and renters due to the potential savings. While driving an RV results in a higher gas bill, it eliminates numerous expenses.
You won’t have to shell out hundreds of dollars to a hotel for your getaway. If you go on a cross-country road trip, you’ll save considerable money on airplane tickets. Since you bring the vehicle with you, there’s no need for Uber or public transportation.
Ready for RV Ownership?
An RV is your ticket to low-cost living and cross-country adventures. We hope you find the RV of your dreams and join the ranks of RV ownership.
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