I found this infographic below last week and thought it was really informative and definitely worth sharing. The graphic lays out the average cost of owning a variety of different types of pets from large dogs to fish. The graphic doesn't account for "start up costs" -- just the ongoing costs of owning a particular pet.
Owning a large dog is the most expensive -- weighing in at $875 a year. A fish, just $35 a year. The graphic does account for the cost of health insurance, but most likely, on average, you're going to make up the cost of the health insurance in vet bills (or more) if you don't have it.
Also, it breaks down the average monthly cost by city. Turns out that Kansas City is the least expensive listed city to own a pet - -at $90 a month. This makes sense. We're sandwiched in between four of the top vet schools in the country so veterinary services tend to be a lot less money here than in other places. Many of the pharma companies are local too. You can click on the image to expand (or click the link here)
I found this info graphic via this article -- which I thought was a really fair article about laying out the costs of owning pets, but also listing the many benefits, including health benefits, of owning a pet and ways to save money on the process.
Of the biggest unseen costs:
Time -- or, the opportunity cost of time spent on a pet
Destruction costs -- things do get damaged. Having not nice stuff helps.
Travel -- boarding and dog sitters can be expensive -- but, finding someone with a similar pet to pet-sit can really help.
Adopting can save money over buying
Getting a pet increases your likelihood of getting another pet. I know that is true.
I'm not sure I buy into everything on the infographic -- and obviously there will be variance by region, and specifics to pets and your living situation. But thought it was worth sharing.
I also want to note that while some may use this as a reason to deny poor people from owning pets -- I do think it's important to Re-note the personal and health benefits of owning a pet -- including lowering cholesterol and blood pressure, decreasing stress and helping to overcome loneliness. And I think low income people deserve this too -- especially given that a) these costs are AVERAGES, the cost can be lower if people are more frugal and many are with purchasing fewer things like toys and nyla bones and b)with most communities having low income services available for vetting, food, etc, most people can afford to get by.
So, what are your thoughts?