Generally speaking, living on a narrowboat is cheaper than living in a house or apartment. This is because when living on a narrowboat, there are no property taxes or utility bills to pay. Additionally, most canal boats are smaller than the average home, which makes storage and maintenance much easier. The cost of mooring in different locations also needs to be taken into consideration as it can vary depending on the length of time you stay at any one location. All these costs should be weighed up before making the decision to live on a canal boat permanently.