Tiny Home Living Costs: What Will Your Monthly Budget Look Like?

One of the biggest benefits of living in a tiny home is avoiding the high living costs of a traditional home. But just how much are tiny home living costs — and how much could you reasonably expect to save?

Let’s break down the most common home expenses of tiny home living.


Tiny homes — even luxury ones — come at a much smaller price tag than traditional homes. At Utopia Villas, for instance, our models range from $111K to $188K, with most models falling on the lower end of this range. Your mortgage will be your biggest monthly expense and will vary depending on things like down payment and interest rates.

However, the mortgage on a tiny home is still typically less than a mortgage on a traditional home, especially given the current sky-high housing market.


We’ve all had sticker shock on our monthly power bill. But with a tiny home, you might get sticker shock for a very different reason. Utilities on a tiny home are usually no more than $50 a month. You’re heating and cooling a much smaller space, and tiny homes are usually built to be energy efficient.


It’s a good rule of thumb to budget 1% of the home’s purchase price for annual maintenance. On a $150K luxury tiny home, that comes out to be about $125 per month. However, actual maintenance costs are usually under this, especially for new homes that won’t require much upkeep in the first several years.


Insurance on tiny homes averages between $400 to $1200 per year, depending on the size, location, and other features of the home. This comes out to be about $33 to $100 per month.

We’re Making Luxury Tiny Home Living Affordable

Luxury living comes in all sizes. At Utopia Villas, we’re helping you reap the benefits of low-cost living without sacrificing luxury and comfort. Explore our tiny home models today!