Dogs and cats: Cute but costly

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March 26, 2018 - 11:00 PM

Almost 85 million households in the United States in 2017 share their lives with at least one pet. For many people, pets are not just companions — more than 63 percent of pet owners consider their pet to be part of the family. While dogs and cats may dominate — reptiles, birds, and fish are also common pets.

Regardless of the type of pet, the average American spends approximately $500 per year on pets — more than they spend on toys, hobbies, and footwear. Specialty items for pets are growing at an increasing rate. In addition to the basic costs of pets, other pet-related expenses may be overlooked or forgotten in pet family budgets. As with other aspects of the household spending plan, it is helpful to plan for and track your monthly and periodic pet costs.

Monthly Pet Costs

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