How Much Does It Cost to Own a Pet?

Owning a pet isn’t just about cuddles and companionship – it also means taking on financial commitments. From food and medical care to grooming and unexpected expenses, the costs can quickly add up. That’s why it’s so important to understand the ongoing financial commitment required to provide proper care.

In this article, we’ll break down the typical costs of pet ownership, using data from two reliable sources: the American Society for the Prevention of Cruelty to Animals (ASPCA) and the American Veterinary Medical Association (AVMA).

These organizations provide helpful information on pet-related expenses, including food, veterinary care, supplies, and hidden costs. So, let’s take a closer look at what you can expect to spend when bringing a new furry friend into your home.

Food and Nutrition Costs

Providing proper nutrition is one of the most essential and ongoing expenses for pet parents, and the type and quality of food you choose can significantly impact costs. Here's a look at what you can expect to pay for your pet's meals and treats:

Regular Food

Premium pet foods often contain higher-quality ingredients that contribute to better overall health, but they come with a higher price tag. On the other hand, budget-friendly brands may save money upfront, but they could lack key nutrients, potentially leading to health issues over time. For this reason, it's vital to do your research and speak to your vet to find the best food for your pet’s specific needs.

According to the ASPCA, pet parents can expect to spend about $300 per year on dog food and $225 per year on cat food. The AVMA reports slightly higher averages, with dog-only households spending $339 annually and cat-only households spending $310 annually.

Households with both dogs and cats tend to spend somewhere in between, averaging $321 per year. These costs can vary based on factors such as pet size, dietary needs, and special health considerations.

Pet Treats

Treats play an important role in training and rewarding pets, but they can also be an added expense. Some pet parents choose to give their pets high-quality, natural treats, while others prefer more budget-friendly options. Again, it's important to research carefully to find the best option for your pet's health and your budget.

On average, dog parents spend about $60 per year on treats, while cat parents spend around $36 per year, according to the ASPCA. These costs may be higher for pet parents who frequently use treats for training or enrichment.

Veterinary Expenses

Vet care isn’t cheap, but it’s essential. Routine check-ups, vaccinations, and dental cleanings keep pets healthy, but surprise vet visits? Those can hit your wallet hard. Here's a breakdown of the average costs for veterinary care:

Routine Vet Visits

Annual wellness exams help ensure that pets remain in good health. These visits often include vaccinations, parasite screenings, and dental assessments.

The ASPCA estimates that dog parents spend about $225 per year on routine veterinary visits, while cat parents pay around $160 per year. In comparison, the AVMA reports slightly higher averages when factoring in all annual veterinary costs. Dog-only households spend $367 per year, cat-only households spend $253 per year, and households with both cats and dogs spend approximately $311 per year.

Preventative Medications

Preventative care is essential in protecting pets from parasites like fleas, ticks, and heartworms. Skipping these treatments can result in serious health issues, leading to costly medical bills down the line. Flea and tick treatments are necessary year-round in many regions, while heartworm prevention is a must for dogs.

For dogs, preventative medications cost about $185 per year (depending on brand and dosage), while for cats, the expense is lower at $140 per year, according to the ASPCA. These medications are critical in keeping pets safe and avoiding costly treatments for preventable illnesses.

Pet Insurance

Even with regular care, pets can experience accidents, injuries, or sudden illnesses. Emergency surgeries, hospitalization, and long-term treatments can result in thousands of dollars in vet bills (especially for chronic conditions like diabetes or hip dysplasia). That’s why many pet parents choose pet insurance to help cover potential costs.

The ASPCA estimates that dog parents spend about $516 per year on pet insurance, while cat parents pay approximately $348 per year (but premiums can vary based on breed, age, and coverage level). While this isn't a small expense, it offers peace of mind and protection from potentially overwhelming medical bills.

Supplies and Grooming

In addition to food and medical care, pets require supplies and regular grooming to stay comfortable and healthy. Some costs are one-time purchases, while others require ongoing maintenance. Here's a rundown of the typical expenses in this category, according to the ASPCA:

Essential Supplies (Initial Costs)

New pet parents should budget for essential supplies when bringing a pet home. These initial purchases ensure that pets have everything they need for a safe and comfortable transition (all figures from the ASPCA):

• Neutering/Spaying: Dogs: $300, Cats: $150
• Collar/Leash/Harness: Dogs: $60, Cats: $15
• Microchipping: $20
• Litter Box: $20
• Scratching Post: $15
• Carrier: Dogs: $50, Cats: $40
• Crate: $60
• Grooming Tools: Dogs: $40, Cats: $20
• Training (like classes, workshops, and online courses): $200

Toys and Enrichment

Toys provide mental and physical stimulation, which is essential for keeping pets happy and preventing destructive behaviors. Whether it's chew toys, puzzle feeders, or scratching posts, these items help maintain a pet’s overall well-being.

The ASPCA estimates that dog parents spend about $37 per year on toys, while cat parents spend approximately $22 per year. The AVMA reports slightly higher figures, with dog-only households spending $79 per year, cat-only households spending $50 per year, and mixed-pet households spending $83 per year.

Grooming Needs

Grooming is another recurring expense, and the level of maintenance varies depending on the breed and coat type. Some pets require professional grooming services, while others only need at-home care like brushing, nail trimming, and bathing (especially short-haired breeds).

The ASPCA estimates that professional grooming services cost around $300 per year, with an additional $28 per year for grooming supplies. The AVMA reports that dog parents typically spend $99 per year on grooming, while cat parents spend around $18 per year. Those with both cats and dogs average $64 per year.

Hidden Costs of Pet Ownership

Many pet parents overlook additional expenses when budgeting for a pet. These hidden costs can add up over time. Here are a few of the unexpected costs to keep in mind:

• Pet deposits and rental fees. Many landlords charge extra fees for tenants with pets, either as a one-time deposit or a monthly fee. If you rent your home, it's important to check pet policies before bringing a pet into your household.
• Boarding and pet sitting. If you travel regularly, you may need to budget for boarding or pet-sitters. Costs can range from a few dollars per day for a friend’s help to expensive stays at pet hotels with added amenities.
• Replacing damaged items. Pets can be tough on furniture, shoes, and household items. From chewed-up shoes to scratched doors and ruined carpets, the cost of replacing damaged belongings can add up quickly.
• Training and behavior classes. Some pets require professional training, whether for basic manners or behavioral issues. Training programs can range from affordable group classes to expensive one-on-one sessions with certified trainers.
• License fees. Many cities and counties require pets to be licensed. These typically cost around $15 per year per pet, according to the ASPCA.

Rising Pet Ownership Costs in 2025

Pet costs are rising fast, and the latest numbers show just how much things have changed. According to a March 2025 USA Today article, inflation, premium product trends, and rising vet bills are making pet parenting more expensive than ever before.

Rover's latest True Cost of Pet Parenthood Report puts the average annual cost of a dog between $1,390 and $5,295, and for cats, between $760 and $3,495. These wide ranges reflect differences in pet size, health needs, and the types of products pet parents choose.

To offer a balanced comparison, we've used the midpoint of these ranges to match against ASPCA's older annual figures. We also used Rover’s stated average lifespan (10 years for dogs and 16 years for cats) to estimate lifetime ownership costs.

The chart below shows the jump in both annual and lifetime costs:

As you can see, dog ownership in particular has seen a steep rise. While ASPCA’s data suggests a lifetime cost of $24,310 for dogs, Rover’s 2025 figure is much higher at $34,550. Cat ownership costs have also gone up – from $29,024 to $32,170 over a typical 16-year lifespan.

For a more in-depth look at pet costs, here’s a breakdown of ASPCA’s estimates:

Is Owning a Pet Financially Feasible for You?

Before you welcome a pet into your life, ask yourself – can you really afford it? A well-cared-for pet is a happy and healthy one, and financial preparedness is key to responsible pet parenting.

So, is owning a pet financially feasible for you? Take the time to budget and plan accordingly, and you'll be better equipped to provide your furry friend with all the love, care, and resources they need for a happy life by your side.