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houseboat in Sausalito California

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Just like regular houses, houseboats vary widely in price.

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According to Boats.com, the cheapest houseboat could cost under $8,000, but you could also pay millions.

However, there are other advantages to living in a houseboat, besides costs.

But it may also be cheaper than renting an apartment.

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Colette Gabriel and Kevin Wright own a two-bedroom, 450-square-foot houseboat docked in Chicago.

And that means youll need to kick any hoarding habits to live comfortably on the water.

It forces you not to buy a bunch of stuff, Gabriel and Wright told TheEscapeHome.com.

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Kate Fincham lives on a 625-square-foot houseboat in Toronto.

She told CNBC.com that her living expenses (not counting food) total just $1,450.

That includes a $362 loan payment on the $250,000 houseboat.

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Her electricity is just $76 per month, and her insurance is $223 per month.

In either case,taxes or feeswill cost less than taxes on acres of property.

But theres one maintenance expense you dont have to worry about on your houseboat: landscaping.

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