Almost 70% of U.S. households have a pet at home, with 60% of U.S. households having a dog and 47% of households having a cat. And there’s a good reason: our pets make us happier and healthier . Having a pet at home can improve self-esteem, physical fitness, and decrease loneliness. Plus, there’s pretty much nothing cuter than a newly adopted kitten or puppy.
But for all the positives of pet ownership, the costs can be overwhelming. As it turns out, 98% of pet owners seriously underestimated the cost of pet ownership. Excluding emergency and other serious vet procedures, the cost of taking care of a dog over the course of its lifetime ranges from $27,074 to $42,545. Thinking smaller?
The lifetime cost of owning a rabbit ranges between $12,893 and $19,338. Most of these costs end up concentrated at the start of adoption, when new pet owners pay for adoption fees , vaccinations, vet care, and the bulk of supplies, while the remaining costs are spread out over the animal’s lifespan and account for things like food, vet care, and supplies.Read more