Recent events in our home are a stark reminder of how much our pets cost. A trip to the emergency vet or surgery can quickly add up to thousands of dollars. CJ suddenly became seriously ill and an overnight at the emergency vet, including one x-ray, IV fluids, antibiotics, and blood work cost $650. Follow-up treatment at our regular vet was an additional $550.
The initial cost of purchasing a dog might seem high but it will pale compared to what your dog will cost you over its lifetime! Premium, designer type dog foods now retail for close to $50 for a 33-pound bag. If you have a large dog that could average $25 a week! Most of us with multiple pets aren’t going to spend nearly that much, but will still try to find the best food for the price. Dog food prices have risen dramatically over the last five years or so due in part to fuel costs. Other expenses for our pets include toys, treats, collars, leashes, beds, crates, grooming, boarding or pet sitting, and training classes. If you participate in performance events or show your dogs there is the cost of classes, equipment, and travel. Cha ching!!
Veterinary expenses have grown along with all the other costs. The AVMA (American Veterinary Medical Assoc.) says we spend about $356 per dog each year. A routine office visit can range from $35 to $55 but if you need diagnostic testing it can quickly go from $1,000 to as high as $5,000. The APPMA estimates the average cost of surgical care is $574 for a dog. Remember, this is just an average; one fee in a major metropolitan area can be very different from what a rural southern practice charges. Americans spent $23.2 billion just on veterinary care for dogs and cats in 2006, according to the ASPCA.
While we expect our pets to be healthy and live a long time, it’s our responsibility if something goes wrong. It’s not an overstatement to say that caring for a dog today is an expensive proposition, and shouldn’t be taken on unless we are prepared to face the financial costs.
The table below provides the estimated average yearly cost of owning a cat or a dog according to the 2005-2006 APPMA National Pet Owners Survey:
|
Expense |
Dog |
Cat |
|
Surgical
Vet Visits |
$574 |
$337 |
|
Food |
$241 |
$185 |
|
Kennel
Boarding |
$202 |
$119 |
|
Routine
Veterinary Care |
$211 |
$179 |
|
Grooming |
$107 |
$24 |
|
Vitamins |
$123 |
$3 |
|
Treats |
$68 |
$43 |
|
Toys |
$45 |
$29 |
|
Average
Yearly Cost |
$1,571 |
$919 |
|
Ten-Year
Average Cost |
$15,710 |
$9,190 |
The numbers above are nearly five years old now, I bet the estimates are increasing yearly!
Pet insurance might make sense for some folks. Investigate the terms very carefully. I know one person who swore by it when her Great Dane became ill, but it doesn’t seem a viable option for those of us who own multiple pets. In 2008 we Americans spent $43.2 billion on our pets according to the APPMA. That’s a sobering figure. We love our dogs, but we need to remember that they are a huge financial responsibility, too. I’ve got a follow up to this coming up soon on some research that was done on pet owners and their dogs.
Reference: The Economics of Pet Ownership
by James E.
McWhinney

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