Keep in mind that, while dogs cost more per year to care for, they have a shorter lifespan than cats. As a result, if your cat lives to 20, you’ll pay more to care for him over his lifetime than you would pay for a dog who only lived to 12.
You’ll also pay less to care for your cat long-term than you will to care for a dog. Cat annual essentials, including vet care and food, cost from $300 to $1,450 per year. Dog parents pay significantly more, with costs ranging from $480 to $3,470. Even expenses like pet insurance and grooming cost more for dogs. These services can cost up to about $3,440 for cats, whereas dog owners can pay up to $4,040 per year for these services.
That’s why it’s so important to be prepared for these emergencies. You can create your own emergency fund by opening a savings account just for your pet’s emergency vet bills. Contribute some money from each paycheck to that account and you’ll be able to grow that balance fairly quickly. Knowing that you have these extra funds on hand in case of an emergency can make dealing with your pet’s medical issues less stressful.
If you’re undecided about whether you want to add a cat or a dog into your life, you might want to consider the difference in what you will pay to acquire and care for each type of pet. Keep in mind that those figures are estimates only, and your costs may vary depending on your pet’s breed and health issues. Getting a cat might save you some money, but it’s more important to make sure that the pet you choose is a great fit for your life. You’ll be spending the next 10 or more years with your pet, and she’ll become an integral member of your family. Spend plenty of time making this decision so you’ll know that, in the end, you’re bringing home the pet who’s meant for your family.
Several different factors explain the difference in these prices. When it comes to acquiring a new pet, it’s more common for pet owners to buy dogs from breeders than it is for them to buy cats from breeders. Adopting from shelters tends to be a more affordable option, so cat parents may save some money right off the bat.
Average Up-Front Costs for Dogs vs Cats
Private Owner/Breeder: Depending on the breed, between $100-$2,500
Adoption: Varies, but cheaper than private owners in most cases
Spaying/Neutering: Dog: $200 | Cat: $145
Medical Exam: Dog: $70 | Cat: $130
Collar/Leash: Dog: $30 | Cat: $10
Litter Box: Cat: $25
Bed: Dog: $95 | Cat: $25
Carrying Crate: Dog: $60 | Cat: $40
Training: Dog: $110
The first year cost of owning a dog is on average $1,455. The first year cost of owning a cat is approximately $1,105. Knowing these costs beforehand can help you determine if a new pet is a good fit for you and your budget.
Long-Term Costs of Owning a Dog vs a Cat
Becoming a pet owner is a long-term commitment and requires long-term financial care and planning. In addition to the initial costs of pet ownership, you should also consider the expenses that will come up throughout your pet’s life. Here are annual costs to expect provided by the ASPCA.
Cats Vs Dogs: Which Makes a Better Pet?
When you welcome a new pet into your home, it instantly becomes a member of your family. That’s why it’s important to understand the true cost of taking care of a pet before bringing one home. If you’re longing for a furry friend, consider both the up-front and long-term costs of owning a dog or cat and build a budget around all the potential costs to determine if you can afford one. Here are a few tips to help get you started.