How Much Does It Cost to Own a Cessna 172

One of the most popular consumer airplanes is the Cessna 172. First introduced in the 1950’s, over 44,000 have been manufactured. Within the 172 family are multiple variants, but generally speaking, the Cessna 172 is a relatively affordable aircraft for the aspiring pilot. So, just how much does it cost to own a Cessna 172 exactly? Today, we’re going to break down your Cessna 172 ownership costs into 4 categories: fuel, insurance, storage, and purchase price.

Fuel costs for a Cessna 172

Automobile owners are used to thinking of fuel costs in a traditional miles per gallon. A cross country trip of 1,500 miles with an average 25mpg would cost about $150.  However, pilots calculate their cost in gallons per hour.

So, if you plan to spend 100 hours flying this year, and you burn an average of 9 gallons per hour, it’ll cost you about $5,500 in annual fuel costs to own a Cessna 172.

Insuring your Cessna 172

Insurance rates vary significantly, depending on the type of coverage you plan to carry. In addition, other factors such as the value of your Cessna 172 and the number of flight hours you’ve logged can affect your premium. A solid estimate is to budget $1,000 per year for insurance costs to own a Cessna 172 with the understanding that it could go up or down based on whether you carry full coverage on a brand new Cessna 172 or only liability on a much older model.

Storage costs for a Cessna 172

Of course, storage costs will also vary based on the availability of competing hangars in your area. Another consideration is whether you choose to store your Cessna in an actual hangar vs simply having it tied down at the facility. Some hangars are fully heated and insulated, including both bathroom and kitchenette facilities while others are more bare bones.

On average, storage costs for your Cessna 172 will run about $250 per month or about $3,000 per year.

Purchase costs for a Cessna 172

Finally, it’s time to talk about the actual purchase price of a Cessna 172. As with any vehicle, these can start low and rise based on the year of construction, collectability, aircraft condition, maintenance records, and features. Savvy buyers can find older models for as low as $50,000 which is a fantastic place to start.

If you’re an experienced pilot and ready to buy a brand new model, you should expect to pay upwards of $400,000. For most used Cessna 172 aircraft, a good average price is about $200,000 — although, again, if you’re willing to shop older you can often find models for less than $100,000.

Average yearly cost to own a Cessna 172

There are, of course, other costs associated with owning an aircraft such as inspection fees, airport landing fees, and general maintenance (which we estimate to be around $1,500 on average per year). All together, including the costs we mentioned, the 5 year ownership cost to own a Cessna 172 is $255,000.

Of course, if you’re looking to buy a Cessna 172 one of the best places to start is AeroController™. We have well over 700 active listings for Cessna Aircraft, including 26 Cessna 172 models so be sure to check them out!