Aircraft ownership cost (single engine plane)

Learn how to calculate aircraft ownership costs for a piston single-engine aircraft. It includes fixed costs (insurance, hangar, annual inspection), variable costs (fuel, oil, engine overhaul) and cost per hour.

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[pintobob]

I own an SR22, and these costs are way too low and many costs are missing. When you factor in things like overhaul ($60K on a Cirrus), parachute replacement ($1, 600 per year), insurance (near $3, 000 and I’m IFR rated), the total including depreciation is more like $500 / hour. Anything much less than this is missing expenses.

[jarhead]

I appreciate the insight on what I could expect before purchasing a Cessna 150/152.

However I must ask, is insurance required for aircraft?

[hookeatup]

This doesn't address the cost between the cessna 172 vs cirrus sr22. Not really helpful you might want to remove that from the title.