It’s a challenging time globally as the COVID-19 pandemic continues to terrify masses, bringing more anxiety and depression to the table. With millions stuck in homes and having nothing to do, there is an understandable surge in mental health problems, and experts have been trying to find the solutions for it.
One of the silver linings about this pandemic was the rise in pet care. Most of us understood how these furry friends could help us through depression. They are powerful agents that can potentially uplift your mood and give hope to our existence.
Understandably, there was a noticeable change in prices for services and products essential to own a pet. So Entrepreneur highlighted this interesting market survey conducted by ANPEC. This survey focused on the vital products and services you must spend on owning a pet.
So, if you plan to own a cat or a dog, this survey will help you find out the estimated cost. Let’s find out more.
The Cost Breakdown
The cost breakdown encircles the critical aspects of pet care. Here is a quick look:
Monthly Pet Care Expenses
The first-year cost of pet ownership exceeds $1,000, according to the ASPCA, which can be broken down to an average of $83+ per month on average.
In addition to the pet’s cost, the average one-time expenses can be up to $1,770. The costs include sterilization and vaccination, etc., which are essential for pet health. Moreover, essentials like a yearly booster and rabies vaccine, and deworming can cost up to $1420.
Understanding the Expenses on Cats and Dogs
Besides the noticeable difference in species, cats and dogs are two very different creatures for their pet care. Therefore, it’s pretty understandable why a dog person may never opt for keeping a cat and vice versa. However, some people dare to stay both.
Given that keeping these furry fellows in the house is quite a big commitment, let’s make it easier to understand what you are signing up for if you wish to own a pet. The figures are all converted into dollars to make it easier to understand the cost.
Expenses for Owning a Cat
First, let’s look at how costly it is to own a cat. We will divide the discussion into sections for easier understanding.
According to the survey, the average monthly expenses of a cat can be up to $550. Here is what’s included:
- The average cost of food can be up to $270. It’s an estimated amount for 2kg of food. Moreover, envelope food costs an average of $56 a month.
- The little kitties need plenty of pampering and awards to maintain proper behavior. It can cost you up to $70 a month.
- Some cats love chlorine as it enables them to purr, sniff and rub against it. So, if you want to give your cat an enjoyable time at home, you can add a liter of chlorine that costs up to $20.
- Cats cannot go too long without a toy, and it’s better that you have plenty of these at home. So, a monthly cost can go up to $150 on toys.
- The essential bathroom services and equipment can cost up to $300.
- Maintenance of the cat arena costs an additional $35 a month.
One Time Costs
One-time cost can go up to $400, and it includes the following:
- Time cat-vaccination generally costs up to $100.
- Cat sterilization costs about $300.
For cats, you may have to bear up to $800 annually. It includes the following:
- The annual anti-rabies vaccination cost can cost up to $200
- Deworming can cost up to $100 and can be a quarterly cost.
- Additional vaccines can cost an average of $500 per year.
To keep your kitty fit and active and give it a lifestyle, you will need some essential accessories. The survey concluded that the accessories could cost up to $2,650. Here is the breakdown:
- Start-up supplies (bowls, bed/crate, leashes, tags, toys, etc.): $50 to $350
- If you buy a cat brush, it can cost $150.
Owning dogs is fun and a big responsibility at the same time. Here is a breakdown of dog expenses:
A dog can cost you up to $1,198 a month. Here is how:
- An average 2kg dog food costs up to $350. Also, enveloped food can cost up to $60.
- Dogs are award-hungry pets, so you need to keep approx. $70 for the awards.
- Keep approx. $150 for the toys
- The bog bathroom requires up to $350 a month
- If you wish to use baits to lure your dog into his house, it will cost up to $58.
One-time costs can be up to $600+ here is the breakdown:
- One-time dog vaccination on average can range anywhere from $50-$300.
- Sterilization can be up to $300
The annual cost for owning a dog can be $1,00+ here is how:
- The anti-rabies vaccine costs $300
- Reinforcement vaccinations can cost up to $600
- Deworming on average is $50-$100
Dogs are pretty keen on accessories. So, keep an additional budget of $1,375. Here is the breakdown:
- Startup supplies (bowls, bed/crate, leashes, tags, toys, etc.): $50-$300
- Dog brush costs around $150.
- If your dog loves sweaters, it can add about $150 to your expenses.
- The dog strap costs approx. $150.
From the survey, it was pretty evident that cats are slightly high maintenance as compared to dogs. However, the point of the study was to enlighten aspiring pet lovers about the expenses that are needed to ensure quality pet care.