Frank Olito/ Insider
- Residents in the Orlando Lakefront tiny house community typically spend less than $1,000 per month on home-related expenses.
- Elizabeth Silva spends just $600 per month on her housing expenses, which include rent, internet, utilities, and insurance.
- Meanwhile, Mickie Boehm spends $1,000 per month on the same expenses.
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Tiny homes can cost anywhere from $8,000 to $150,000 to build, which is far less than the cost of the average standard size home in the US. And the savings don't stop there.
Living in - and maintaining- a tiny home is typically less expensive, as well. Nobody knows this better than the residents of Orlando Lakefront, a tiny house community in Florida. In fact, the owner of the community, Adam Money, told Business Insider that people who live in tiny houses typically save $2,000 a month.
After speaking with six homeowners in the community, it's clear that most spend less than $1,000 on expenses every month. Keep reading to see how their expenses break down.