Based on industry studies conducted in the United States, a dog owner will typically spend around $1,641 per year per pet. For someone who owns a cat, that amount will be roughly $1,125.
The biggest expense is generally food and food treats, followed by veterinary care and then pet supplies together with OTC medicines.
Some pet parents are also factoring into their budget services such as grooming, obedience classes and pet sitting/boarding.
Something else worth mentioning is medical care. Since surgery and specialized treatment can be quite costly, a lot of pet owners are purchasing health insurance for their companion animals. I’ll be discussing this topic in another blog some time soon so do stay in touch.