The most common financial mistake new aircraft owners make is confusing the cost to fly with the cost to own.

Fuel is about $50–$58 per hour in a Cessna 172, depending on engine variant and current avgas prices. That number gets repeated constantly — at flying clubs, at avionics shops, on YouTube. And it is true, as far as it goes. But it is only the fuel. The actual all-in cost of owning and operating a Cessna 172 for a year is two to three times higher, and for low-utilisation owners it can be four times higher.

This article uses our database of more than 4,500 real Cessna 172 transactions alongside verified 2026 cost data to build an honest annual ownership budget. No optimistic assumptions. No figures that only work if everything goes perfectly.

What You Will Actually Pay to Buy One

Purchase price is the starting point, not just a sunk cost — it determines your insurance premium, your opportunity cost on the capital, and whether you can recoup value if your circumstances change.

Our database holds more than 4,500 completed Cessna 172 transactions. Here is what they actually sell for, broken down by era:

Generation	Years	Median Price	Avg Price
C172 through 172M	1956–1974	$79,900	$88,000
172N / 172P / 172Q	1975–1986	$119,000	$118,000
172R / 172S (carburetted/injected)	1998–2013	$190,000	$198,000
172S with Garmin G1000	2014+	$465,000	$461,000

The 1987–1997 era produced almost no 172s for the US market — Cessna halted single-engine piston production in 1986 and did not restart until 1996 with the 172R. The few European-market aircraft from those years are rare in our transaction data.

Buying a 1975-era 172N for $75,000 and a 2005 172S for $195,000 are very different propositions. The older aircraft is cheaper to acquire but will typically carry older avionics, higher engine time, and potentially deferred maintenance. The newer aircraft costs more up front but the engine, airframe, and avionics are likely in better shape.

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The Full Annual Budget

Here is what a realistic year of ownership looks like, assuming a 100-hour utilisation rate and a typical privately-owned 1975–2005 airframe:

Cost Category	Annual Range	Notes
Annual inspection (base)	$1,000–$2,000	Inspection only; findings are extra
Maintenance reserve (findings, repairs)	$500–$2,500	Averages higher in older aircraft
Engine reserve	$1,500–$2,500	At $15–$25 per hour for 100 hours
Insurance (hull + liability)	$1,200–$1,800	Experienced private pilot
Hangar or tiedown	$2,400–$9,600	$200–$800/month, location dependent
Avionics subscriptions	$200–$600	ForeFlight, charts, database updates
Fuel (100 hrs × 7.5 gph × $6.87)	$5,150	National avg 100LL, April 2026
Total	$12,000–$24,200	At 100 hours/year

That works out to roughly $120–$242 per hour when you divide annual costs by utilisation. The fuel-only number is $51–$58 per hour. The real number is two to four times higher.

Breaking Down Each Cost

Annual Inspection

The FAA requires every general aviation aircraft to pass an annual inspection signed off by an A&P mechanic with an Inspection Authorisation. The inspection alone typically costs between $1,000 and $2,000 for a Cessna 172. But this is just the labour to look at the aircraft — any squawks found are billed separately.

Budget an additional $500–$2,500 per year for findings and routine items (oil changes, filter replacements, hose inspections, minor repairs). Older airframes and those with deferred maintenance will run higher. First-year annuals on a recently purchased aircraft — when everything previously deferred gets caught — often run $3,000–$6,000.

Engine Reserve

The O-320 and O-360 Lycoming engines fitted to most Cessna 172s are rated for a 2,000-hour TBO (Time Between Overhauls). That means you are consuming roughly $15–$25 worth of engine life per hour, depending on whether you plan to use a budget shop ($25,000–$35,000 for an O-360 overhaul), a quality independent ($38,000–$50,000), or the Lycoming factory exchange programme ($58,000–$64,000 plus core).

At 100 hours per year, that is $1,500–$2,500 going into your engine reserve every year. Most owners do not actually set this money aside — they feel the pain acutely when overhaul time arrives. Set it aside.

One note: buying an aircraft at mid-TBO is a hidden discount on the purchase price but a hidden liability in the engine reserve. A 1,000-hour engine on a $100,000 airframe means you are $15,000–$25,000 closer to a major overhaul than the price suggests.

Fuel

100LL avgas is currently averaging $6.87 per gallon nationally in the US (April 2026), with regional variation from about $6.05 in the Central states to over $10 in Alaska. Self-service pumps typically save $0.50–$1.50 per gallon over full-service.

A Cessna 172 with an O-320 engine burns approximately 7.0–7.5 gallons per hour at typical cruise. The O-360 and IO-360 variants burn 8.0–8.5 gph. At national average prices:

O-320 at 7.5 gph: $51.50/hr
O-360 at 8.5 gph: $58.40/hr

At 100 hours per year: $5,150–$5,840 in fuel annually.

Cessna 172 Skyhawk price guide →

Insurance

A Cessna 172 is one of the least expensive aircraft to insure in general aviation. For a privately-owned 172 with a private pilot holding at least 200 hours total time, expect to pay between $1,200 and $1,800 per year for combined hull and liability coverage.

Factors that raise the premium: fewer hours total, instrument rating in progress (rather than held), younger pilots, tiedown rather than hangar, higher hull value (newer airframes). An IFR-rated pilot with 500+ hours typically pays at the lower end of this range or below it.

Hangar or Tiedown

This is the most location-sensitive cost in aviation. Tiedowns at municipal airports in rural areas can be as low as $100–$150 per month. T-hangars at a busy metropolitan airport run $500–$800 per month. Heated, electrically-equipped enclosed hangars push $1,000–$1,500 per month in expensive markets.

For budgeting purposes, a tiedown adds $1,200–$4,800 per year; a T-hangar adds $3,600–$9,600. The decision matters beyond cost: hangared aircraft typically receive lower insurance premiums, experience less weathering, and lose less value over time.

How Utilisation Changes Everything

The fixed costs do not care how much you fly. Annual inspection, insurance, and hangar are owed whether the aircraft flies 50 hours or 200 hours. This is why low utilisation is so expensive per hour — you are spreading the same fixed costs over fewer flight hours.

Annual Hours	Fixed Costs	Variable (fuel + engine reserve)	All-In Per Hour
50 hrs	$7,000–$14,000	$3,375–$4,200	$208–$364/hr
100 hrs	$7,000–$14,000	$6,750–$8,400	$138–$224/hr
150 hrs	$7,000–$14,000	$10,125–$12,600	$114–$178/hr

The cost curve flattens significantly beyond 100 hours. Owners who fly 150–200 hours per year get meaningfully better economics from the same aircraft. If your honest estimate is 40–50 hours per year, a flying club or rental may give you a better financial result while retaining all the access you actually use.

Practical Ways to Reduce the Cost

Partner ownership. Sharing a 172 with one or two other pilots splits the fixed costs without sacrificing access — if the scheduling arrangement works. Two-partner deals on a 172 typically run $400–$600 per month per partner for fixed costs, plus fuel at time of use.

Leaseback. Placing the aircraft on a flight school's rental fleet can offset $300–$600 per month in fixed costs. The trade-off: higher utilisation accelerates engine wear, you have less control of the maintenance schedule, and the aircraft will accumulate hours faster.

Owner-assisted annuals. FAA regulations allow the owner to assist during an annual inspection under the supervision of an A&P/IA. Doing your own oil changes and cleaning work during the annual typically saves $200–$500 in labour.

Buy mid-range, not cheap. A $50,000 aircraft with deferred maintenance will cost as much or more to own as a $100,000 aircraft in good condition. The purchase price savings rarely survive the first annual.

Is Owning a Cessna 172 Worth It?

That depends entirely on what you are comparing it to and how much you fly.

If you are an active pilot flying 100+ hours per year with a genuine use case — building IFR currency, weekend trips to places rentals do not easily reach, the ability to depart on your schedule — ownership makes sense for the right person at the right price.

If you are flying 40 hours per year, the economics of renting are hard to beat, and the flexibility of not owning has real value.

What the numbers above should do is prevent the surprise. The Cessna 172 is an affordable aircraft by most standards of general aviation. The total cost of ownership is not $50 per hour. Go in with an honest budget, and you will not be caught out.

Weighing the 172 against the next model up? The Cessna 182 Skylane buyers guide breaks down 5,889 real transactions — useful context if you're deciding between the two.

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