Costs To Own The Most Popular Pets


It's estimated that 62% of U.S. households own a pet. That's 72.9 million homes with more than $50 billion spent on their pets in 2011. Of that $50 billion, $20.5 billion was spent on food, $12.6 billion on medicine and $13.6 billion on vet care. Other expenses include the purchase of the animal and services like grooming and boarding. Different types of pets vary in terms of their maintenance costs.
Related Articles
  1. Insurance

    Protect Your Kids And Pets With Custom Insurance

    Find out how to protect those you love the most with specialized policies.
  2. Personal Finance

    Animals That Can Replace You At Your Job

    Have you ever thought a monkey could do your job? Well, maybe it could. Here are some ways animals are replacing people at work.
  3. Investing

    Expensive Dog Pampering

    Here are the top ways you can treat your canine companion.
  4. Personal Finance

    How Much Does Your Pet Truly Cost?

    Here's a look inside the visible and hidden costs of pet ownership. There are many costs that pet owners can overlook.
  5. Personal Finance

    7 Affordable Ways To Buy Happiness

    Whether it's taking up gardening or adopting a pet, there are many ways a person can improve his or her level of happiness without breaking the bank.
  6. Home & Auto

    5 Clever Home Features

    If you're building a new home, try incorporating these unique features.
  7. Personal Finance

    The 5 Largest Food Recalls In History

    Food recalls are common, but some food manufacturers are so large that a recall can impact the entire industry.
  8. Insurance

    What You Need To Know About Pet Wellness Plans

    Here's a breakdown of wellness plans and pet insurance, and some tips for keeping your pet healthy.
  9. Insurance

    Keep Your Pet's Trust

    Find out how to protect and provide for your pet after you pass away.
  10. Retirement

    The Top 4 Richest Pets

    A cat received $13 million dollars when her owner died, but she isn't the richest pet in the world.

You May Also Like

Hot Definitions
  1. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  2. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  3. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  4. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
  5. Cost Of Funds

    The interest rate paid by financial institutions for the funds that they deploy in their business. The cost of funds is one ...
  6. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!