Hi Mike. Welcome!
I am in Arkansas (just across the Mississippi River from Memphis, TN). Our airport is 212 msl, so usually DA is not a problem.
Your numbers are fairly conservative. I only pay a little over $400 for insurance. Tie downs here are $35/mo., and T Hangars are $225, including a charge for utilities. My annuals usually run around $600. I have a valve issue once in a while that costs between $200 and $800 to fix, depending on who does it and how bad it is. My radio has been giving me fits, and I have spend six or seven hundred on it in the last few months.
I don't set aside an engine overhaul reserve. I will just bite the bullet when it gets here. My all-in cost, flying around 60-75 hours a year, including fuel, oil, hangar and everything, averages about $5,000 a year. That is quite a bit of money, but probably not a lot more than others spend for country club membership, golf, etc.
Last edited by Stacey_Morris; 02/12/16 10:28 PM.
