On average, pet owners spend $235 per year in recurring medical costs for a dog and $160 for a cat, according to the ASPCA. But if a pet becomes ill or has an accident, those expenses can skyrocket. Advances in veterinary medicine mean today there are options for pets well beyond simple euthanasia.
How much money is spent on pets each year?
In 2010, the total money spent on pets was roughly $45.53 billion. Within the next decade, this spending has mushroomed to $95.7 billion annually. The biggest annual increase was between 2017 and 2018, when spending quickly jumped from $69.51 billion to $90.5 billion – a growth of 30%.
How much does it cost to take care of a pet?
On cats, average annual expenses amount to roughly $902. In the case of dogs, surgical vet visits make up the most significant expenditure, while the single biggest expenditure for cats is food.
How much does it cost to euthanize a pet?
On average, pet owners spend $235 per year in recurring medical costs for a dog and $160 for a cat, according to the ASPCA. But if a pet becomes ill or has an accident, those expenses can skyrocket. Advances in veterinary medicine mean today there are options for pets well beyond simple euthanasia.
How much do millennials spend on pet insurance?
Pet insurance. Millennials or GenXers reported spending anywhere from three to 20 times as much on insuring their pets as Boomers. Another study, for the American Animal Hospital Association, confirms the special place of animals in the lives of adults younger than 40.
How much do people spend on pet care?
Surveyed dog owners in the United States stated that they spent, on average, 442 U.S. dollars on pet food per year in 2020. In comparison, cat-owning respondents claimed to spend an average of 329 U.S. dollars on pet food on an annual basis....CharacteristicDog ownersCat ownersDog walking17-10 more rows•Dec 13, 2021
How much does the average person spend on pet care per month?
From pet food and treats to toys and trips to the vets, caring for these beloved family members doesn't come cheap. According to a new study, the average pet owner spends $111 each month on their animal, which adds up to $13,320 in 10 years—the average lifespan of most dogs and cats.
How much money is spent on pets every year?
2. It's estimated that Americans spent $109.6 billion on their pets in 2021. This represents an increase of $6 billion over what was spent in 2020. This spending was spread over the estimated 90.5 million homes with pets in the United States.
How much should I budget for pet care?
And people just love to spend money on them. Get this—Americans spent more than $95.7 billion on pet costs in 2019....Annual Dog Expenses.Monthly Expenses From Above$600–960Flea/Tick/Heartworm Prevention$40–200Vaccination, License and Routine Care$80–250Treats and Chew Toys$50–250Total Annual Expenses$770–1,660+Aug 26, 2021
How much do Millennials spend on pets?
According to OppLoans, millennials are the most generous spenders on pets. Millennials aged 18-24 spend an average of $173.67 monthly on pet products and care, while those aged 25-34 spend an average of $141.5 monthly. Baby boomers are the least generous spenders among adults, spending an average of $80.43 monthly.
What is the total cost of owning a dog for 14 years?
According to an article in “Money,” the lifetime costs are as follows: Small dog: $15,051 (average life expectancy of 15 years) Medium dog: $15,782 (average life expectancy of 13 years) Large dog: $14,480 (average life expectancy of 10 years)
Who spends the most on pets?
According to The Economist and research from GfK (market research company), people in Britain, France and Switzerland spend the most on their pets among European citizens. Additionally, Americans are at the top of the list, where two-thirds of the households own a pet.
How much is the pet industry worth 2020?
The pet industry reached a milestone in 2020, with total sales of $103.6 billion, a historic high, according to the American Pet Products Association (APPA) State of the Industry Report released last week.
Are cats cheaper than dogs?
If the decision came down to your wallet, cats are significantly cheaper than dogs, costing about $13,625 to $17,510 in a lifetime, compared to dogs at $16,607 to $22,423. We based the lifetime costs on the average lifespan of dogs (10-13 years) and cats (12-15 years).
How do you financially prepare a pet?
Here's how to prepare.Start a puppy fund.Be realistic about the cost of owning a dog.Understand hidden costs.Create a puppy emergency fund.Consider pet insurance.Bottom line.
What is the most expensive dog?
The Tibetan mastiffThe Tibetan mastiff is the most expensive dog in the world. The breed stands at at least 26 inches shoulder height and typically weighs more than 100 lbs. Known to sell for at least $7,000 per puppy, a Chinese businessman made headlines when he bought a 1-year-old Tibetan mastiff for $1.9 million.
How much does a dog cost per month on average?
According to a new study from Rover, most people think a dog will cost them a mere $26-$75 per month. But that figure is actually more like $153 per month.
How much does it cost to take care of a dog monthly?
Basic Costs of Owning a DogType of ExpenseYearly EstimateTraining Classes or Resources$25 to $300Dog Walking (between $0 (you can walk your dog) up to $20 per walk, 1x per weekday)$0 to $5,200Petsitters or Boarding$100 to $300Average Monthly Cost of Owning a Dog$125 to $8248 more rows•Jun 28, 2021
How much money do you spend on a dog monthly?
According to a new study from Rover, most people think a dog will cost them a mere $26-$75 per month. But that figure is actually more like $153 per month.
How much money does the person spend on their dog each month?
Pet owners spend an average of $126.19 every month on their furry friends, according to a recent survey. Dogs are more costly than cats, but canines are not the most expensive pets.
How much should I budget for my dog per month?
The average monthly costs of owning a dog ranges between $40 and $290. These costs also vary greatly depending on where you live, your lifestyle, and your unique dog. Factor in routine vet visits to on-going pet supplies and how much you spend on your dog could range from $480–$3,470 per year.
How many millennials own pets?
Pet spending statistics - or more specifically a millennial pet ownership statistics report from pet retailer Zulily - show that younger generations are incredibly generous towards their pets, whom they treat as part of the family (or even better). In total, 92% of millennials who own pets buy their pets gifts, while 51% do so on a monthly basis.
Why do pet owners put off having kids?
The same pet owner survey by LendEDU produced these fascinating pet owner spending statistics: 11% of respondents said that because of the cost of pet care , they were putting off having kids or more children.
What percentage of millennials buy pet supplies online?
77% of millennials prefer to buy pet supplies online. (Zulily) Online pet spending statistics tell us that the majority of younger pet owners (77%) prefer to shop online for their A to Z pet supplies, rather than opting to do so at a brick-and-mortar pet store. The most commonly purchased items online include toys, accessories, and pet food.
What is the fastest growing category in pet eCommerce?
Pet apparel is among the fastest-growing categories in pet eCommerce. (Zulily) eCommerce pet spending statistics from Zulily reveal that pet apparel is experiencing some of the fastest-growing sales of any pet supply product category online.
How many pets are insured in the USA?
Only 2.1% of all pets in the USA are insured. Dogs are the biggest influence driving first home purchases among millennials. More than half of millennial pet owners buy their pets gifts at least once a month. In the past 10 years, American pet spending has more than doubled.
What age group spends the most on pets?
According to OppLoans, millennials are the most generous spenders on pets. Millennials aged 18-24 spend an average of $173.67 monthly, while those aged 25-34 spend an average of $141.5 monthly. Baby boomers are the least generous spenders among adults, spending an average of $80.43 monthly.
How much of the US population has pet insurance?
Only 2.1% of all pets in the US are insured. US pet spending and ownership statistics show that a mere 2.1% of all pets within the country are covered by any form of insurance. Of these, dogs represent roughly 88.9% of the total. However, the pet insurance industry is currently experiencing rapid growth.
How much does it cost to treat a dog's cruciate joint?
Treating common ailments such as cruciate joint injuries in dogs can cost around $3,480 while owners faced with a furry friend that swallowed something it wasn't supposed to can expect to spend an average of $1,755, according to Petplan, a provider of veterinary health insurance.
How much did pet owners spend on vets in 2017?
Indeed, the American Pet Products Association estimates that pet owners will spend $16.6 billion on vet care in 2017, an increase from $15.9 billion in 2016. Spending can vary widely by state, as can be seen in this map:
Which states have the most expensive vets?
According to Petplan, about a dozen jurisdictions including California, Hawaii and Washington, D.C., are the most expensive for vet care, averaging more than $1,400 annually. North Dakota and Arkansas have average vet costs of $769 each and are tied in Petplan's ranking for the least expensive states. Around 1 percent of pet owners have insurance ...
What does pet insurance cover?
Pet insurance offers coverage for accidents, illnesses, injuries, and routine exams, allowing you to properly care for your loyal companion. Click on your state to see how you can protect your four-legged friend!
Do millennials have more pets than kids?
Millennials have more pets than kids, the AAHA study says, and animals are the “spending obsession [that] tops them all” for this age group. “Millennials aren’t afraid to splurge on their beloved pets.”.
How much does a pet owner spend on a dog?
Most people know that when they get a dog or cat, a big part of the pet's expense will be routine veterinary care. On average, pet owners spend $235 per year in recurring medical costs for a dog and $160 for a cat, according to the ASPCA. But if a pet becomes ill or has an accident, those expenses can skyrocket.
How much did Nationwide spend on pet insurance in 2016?
Nationwide insurance company's pet insurance policyholders spent more than $81 million in 2016 to treat the 10 most common medical conditions affecting their pets.
What does Serpell say about euthanizing a dying pet?
Serpell says when people ask about the right time to euthanize a dying pet, he always quotes a friend who says, "There is no right time; there's only too soon or too late. And of the two, too soon is preferable, because if you are too late you've let that animal suffer.".
How much money was spent on pets in 2018?
Out of the $72 billion spent in 2018 on pets, over $30 billion was spent on food alone. Considering there are almost 184 million dogs and cats in the United States, it makes sense why so much money is spent on food.
How much do Americans spend on pets?
So much so that total spending on pets increased by $3 billion from 2017 to 2018, with a record-breaking high of $72 billion spent on pets in 2018. Pet insurance is becoming more popular ...
How much does pet insurance cost?
In the U.S., the average monthly premium for pet insurance is roughly $22, but some policies can climb as high as $100 per month.
How many people don't have pet insurance?
61% of respondents do not have pet insurance for their animals, and the breakdown is illustrated above. Interestingly, 40% of respondents who don’t have pet insurance thought it cost too much. But the biggest surprise was that 39% of this subset of respondents thought that their pet did not need insurance.
How many Americans spend more on their pet's health care than their own?
One of the most surprising discoveries was that about 46% of respondents spend the same or more on their pet’s health care than their own. This is incredibly surprising to see, as many Americans might not think about how much they spend on their pet’s healthcare instead of their own.
How much do birds and fish cost?
Per animal, fish owners spend $30.48 per month on their fish, while bird owners spend $127.38 per month.
Why did vets turn to pets?
But as livestock disappeared from cities at the turn of the 20 th century, vets turned to pets to save their profession. Cats and dogs had begun to move indoors; owners were springing for pet food and fancy toys, and they sought out doctors who would treat their pets like any other member of the household.
What did the vet do 150 years ago?
The American vet of 150 years ago was more of a mechanic than a physician. He focused solely on economically valuable creatures like cows and horses, administering strong laxatives or cauterizing open wounds with a red-hot iron so that these animals could continue to produce milk and pull freight.
Why do people pay more for pets insurance?
For one, an increasing number of people are paying more for their pets’ insurance due to veterinary services getting more expensive. Moreover, the demand for expensive animal services, such as mobile grooming, is increasing rapidly, adding to.
How much does it cost to walk a dog?
When it comes to pet spending, a 40-minute walk costs between $18–$22 for just one dog, whereas longer walks (over 40 minutes) go anywhere between $22–$27. Every additional dog will cost you an extra $10.
How much does a pet sitter cost?
Pet sitters in the US usually charge $12.14 per hour, i.e., $125 per day for their services. That said, the price will also depend on the duties and the location.
How much does a lizard cost?
Yet according to recent pet industry statistics, the purchase price of a lizard doesn’t exceed $150 . In fact, there are even those that cost merely $15.
Which country produces the most pet food?
Europe is one of the leading pet food industries on the planet, together with North America. For example, in 2019, North America managed to produce about 8.8 million metric tons of pet food. Europe matched that amount as well.
Is it expensive to own a horse?
Owning a horse is relatively expensive, so think before you leap. There are many expenses to think of, such as barn maintenance and veterinary care costs, which are drastically higher than those of small pets.
Dog Grooming Packages Inclusions
If you’d like to have a combined package for some or all of these services instead of opting for the a la carte approach, grooming costs are clearly marked for an informed buying decision. The most basic grooming package can be purchased for $16, while the most complete and thus, expensive one is $137.
Extra Services and Charges
Additionally, there are other special services offered for additional costs if needed. This can include the following:
How much do dog owners spend on food in 2020?
Published by Statista Research Department , May 20, 2021. Surveyed dog owners in the United States stated that they spent, on average, 442 U.S. dollars on pet food per year in 2020.
What is the biggest pet industry?
Pet food and treats captured the biggest share of pet industry sales, followed by veterinary services and related products. In terms of pet food, the dry dog food segment generated the highest amount of sales, with around 5.3 billion U.S. dollars generated in 2020.
Why are people getting new pets in 2020?
Due to the onset of the coronavirus pandemic in 2020 and the increased time spent at home, many Americans reported acquiring new pets. In a recent survey carried out in December 2020, 10 percent of respondents in the United States reported acquiring a new pet as a result of the coronavirus pandemic .
What is the most popular pet in the US?
In 2019/20, dogs and cats were the most popular American household pets. There were approximately 63.4 million dog-owning households and 42.7 million cat-owning households in the United States. Other pets living in U.S. households included freshwater fish, saltwater fish, birds, reptiles, and horses. Due to the onset of the coronavirus pandemic in 2020 and the increased time spent at home, many Americans reported acquiring new pets. In a recent survey carried out in December 2020, 10 percent of respondents in the United States reported acquiring a new pet as a result of the coronavirus pandemic .