How Much Does It Really Cost to Own a Small Plane?

Owning your own aircraft is a dream for many pilots — but the reality comes with expenses that go beyond the initial purchase price. Whether you’re considering a Cessna 172, Piper Cherokee, or Beechcraft Bonanza, understanding the true costs of ownership is essential before taking the leap.

Purchase Price

The cost of buying a small piston aircraft can vary widely depending on the model, age, and condition.

• Used trainer aircraft (Cessna 150/152): $25,000 – $50,000

• Popular four-seat aircraft (Cessna 172, Piper Cherokee): $70,000 – $250,000

• High-performance singles (Beechcraft Bonanza, Cirrus SR22): $300,000 – $900,000

Tip: Pre-owned aircraft often provide the best value, but always budget for a pre-buy inspection.

Insurance

Annual insurance costs depend on pilot experience, aircraft type, and coverage level.

• Basic liability only: $1,200 – $2,000/year

• Full hull + liability: $3,000 – $10,000/year

New pilots often pay more until they build flying hours.

Storage (Hangar or Tie-Down)

Where you keep your plane makes a big difference:

• Outdoor tie-down: $50 – $150/month

• T-hangar (small, enclosed): $250 – $600/month

• Large/heated hangar: $500 – $1,200+/month

Fuel & Oil

Fuel is one of the most predictable ongoing expenses.

• Avgas 100LL price: $5 – $8 per gallon (varies by region)

• Fuel burn: 6–18 gallons/hour depending on aircraft

• Oil changes: $100–$250 each, several times a year

For a typical Cessna 172, expect ~$50–$70/hour in fuel.

Maintenance & Annual Inspections

Every aircraft requires at least an annual inspection — legally mandated in most regions.

• Annual inspection: $1,500 – $3,500 (basic single-engine)

• Unexpected repairs: $2,000 – $10,000+ (varies widely)

• Overhaul (every 1,500–2,000 hours): $15,000 – $40,000+

Tip: Always keep a reserve fund for unexpected maintenance.

Miscellaneous Costs

• Navigation charts & subscriptions: $200 – $800/year

• Training/checkouts: $500 – $2,000 (if required)

• Upgrades (avionics, paint, interior): can easily exceed $20,000–$100,000

Total Annual Ownership Cost

For a small four-seat piston aircraft (like a Cessna 172), here’s a rough estimate:

• Low end (basic, budget-conscious ownership): ~$8,000 – $12,000/year

• Average ownership: ~$15,000 – $25,000/year

• Premium ownership (newer aircraft, hangar storage, higher insurance): $30,000+ per year

Final Thoughts

Owning a small plane is not cheap — but for many pilots, the freedom and flexibility are priceless. By budgeting realistically for purchase price, insurance, storage, fuel, and maintenance, you’ll be prepared for the true costs of aircraft ownership.