What could you do with an extra $1,000-$2,000 a month?

 On average, tiny homes cost significantly less than traditional homes. The typical tiny home $100,000-$150,000, while the median price of a traditional home in the U.S. is now over $400,000. This difference could result in a mortgage payment reduction of up to 75%, translating to savings of approximately $1,000 to $2,500 per month 

 Tiny homes are more energy-efficient, often leading to more than a 50% reduction in electricity costs. If your current bill is $300 per month, moving to a tiny home could lower this to around $200, saving you $2,400 annually.  On average, tiny home owners in the United States typically see power bills ranging from $30 to $100 per month.   

 Property taxes are also substantially lower for tiny homes due to their smaller size and lower property value. You could save anywhere from $1,000 to $3,000 annually, depending on the location and local tax rates. 

 The reduced square footage of a tiny home means lower maintenance costs. You might spend about $500 to $1,000 per year on upkeep, compared to $2,000 to $4,000 for a larger home, leading to potential savings of $1,500 to $3,000 annually. 

 Tiny homes generally cost less to insure, with average premiums ranging from $600 to $1,200 per year, compared to $1,500 to $3,000 for traditional homes. This could save you an additional $500 to $1,800 annually. 

 Many tiny homes are not part of communities with HOA fees, or they are minimal. It's not uncommon to pay HOA fees of $300 per month.  Moving to a tiny home could eliminate or reduce this expense, saving you up to $3,600 per year.