I am looking to purchase a twin, and I am curious if there are any Seneca II/III and B55 Baron owners on here that can share what their average hourly cost is to operate? Including insurance, hangar, maintenance, etc. I fly around 100 hours a year. I hear the Barons are closer to $500/hr?
Never owned a Seneca, but did own a 1978 B55 Baron for a few years before I upgraded to the Beech 18.
Personally, I'm not a big fan of calculating/comparing cost per hour because every person is going to have some different variables. If I were to calculate what my average cost per hour was for say 100 hours a year it was closer to $315/hour not included any 'engine reserve'.
My Baron was in excellent shape when I got it. My average maintenance cost was around $7k per year. Most common big ticket maintenance expense on a Baron is cylinders. You will occasionally replace cylinders before TBO on big bore Continentals. Another big ticket item I did was a fuel bladder replacement. But overall the airplane was extremely reliable. I don't think I ever had a maintenance issue on that airplane that grounded it. The few maintenance issues I did have on the road were all things that I had two of: lost one of two alternators, one of two vacuum pumps. I did not do any owner assist maintenance or oil changes. All done by the shop, so it is possible to get the maintenance cost down.
Insurance was around $3500 per year IIRC, but that was 7 years ago. I imagine today it's a bit higher. Biggest factor in premium is usually hull value.
Hangar was $500 per month/$6k per year. High, but that's the area I live. Cheaper hangers are available in many other parts of the country. Some parts worse or not even available.
Fuel burn 25 gph to go 175 KTAS (mine had fun de-ice so slower)
The Baron was a great traveling airplane for us. Only reason I sold mine was because I really wanted a Beech 18.
Again, never owned or flown a Seneca, but I kind of doubt they are any better or worse to maintain. Any airplane can have surprises.
My personal recommendation is to sit in/fly both and see which one you and or your family like best and then go out and buy the best possible airframe you can find.