About three weeks ago, we took a closer look at Dave Ramsey’s new mansion just south of Nashville. In case you missed it, his home spans more than 13k square feet (including a nearly 1500 sq ft garage!) and it has a total assessed value of just shy of $5M.
A common theme in the comments on that post was “Wow, I wonder how much it costs to maintain a place like that!” Well, I’m pleased to say that I can now provide a bit of insight into that question…
The good folks who published the original account have done a bit of digging*, and have learned that Dave’s electric bill has averaged $1285/month over the past year. Wow. Nearly $1300 on electricity alone. Then again, on a 13k sq ft house, maybe that’s a bargain?
What do you think? Surprised by how much it costs to power a home of this magnitude? Or did you think it would cost more?
Note: I was surprised to learn that this information is freely available. They simply called the local electrical utility and asked.