Regardless of how you climb, what point you ascend to, and whether you go self-guided or as part of a tour – climbing Mount Everest is an expensive adventure.
If you’ve got a limited budget then you should probably look elsewhere.
The total cost of getting to Base Camp is likely to be around $2,500 (£1,900) – not including your international travel and insurance.
Travel insurance is something that should not be skimped on, given the dangers involved with any mountain ascent.
Visas and permits, including the Trekkers Information Management System (TIMS) permit, a permit for the Sagarmatha National Park Entry and a visa for Nepal are one of the smaller costs, coming in at around $100 in total.
Equipment rental is slightly more, in the region of $250 to $500 depending on the quality and type of equipment you opt for.
The bulk of the cost lies with the payment made to your tour operator, which will cover guides, food, drink, accommodation and sherpas.
Most tours will also include a return flight from Kathmandu to Lukla.
This totals around $1,500 to $2,000 but bear in mind that peak season will cost slightly more and route deviations or extensions will ramp up the costs.
You could significantly reduce the cost by trekking independently, but would need to arrange all the logistics for your trek, self-guide and sort your own accommodation and travel. If you are capable to doing these things, heading to Base Camp self-guided could save you $400 to $700.
Only the most skilled and experienced climbers can attempt to summit the mountain, which requires expert gear, plenty of experience, oxygen tanks and the right weather – not mention eye-watering financial costs.
In total, the typical cost when attempting the summit with a Western agency is $45,000 (£35,000) and above or between $25,000 and $40,000 with a local Nepali operator.
People forget that the cost of climbing Everest starts from the time you sign up and start training – around 18 months before the actual climb.
Depending on your existing experience, training costs around $8,000 and includes climbing various peaks over 6,500 metres, ideally one of which would be in Nepal.
The next investment is in your kit. Although one can rent mountaineering gear, having your own personal kit that fits you and you have trained with is preferable.
This is likely to set you back around $1,500 to $2,000.
The obvious and most substantial cost is that of the climb itself. Those looking to ascend to the summit will pay anywhere from $25,000 to $75,000 per person – not including your travel and insurance.
This includes the royalty fee of $11,000 for the peak but will vary depending on factors such as desired comforts and accommodation, bottled oxygen, and support from sherpas and guides.
On top of this, factor in around $100 for a Trekkers Information Management System (TIMS) permit, a permit for the Sagarmatha National Park Entry and a visa for Nepal.