Finding Forever Homes on August 17, 2019

Pet-o-nomics: The Cost of Owning a Dog or Cat

If you are considering bringing a furry friend into your home, you might want to ask yourself: Can I afford to be a pet owner?

Presented By

Adoption Tracker

About Clear the Shelters

NBC and Telemundo owned stations are teaming up with hundreds of shelters across the country to host Clear the Shelters, a nationwide pet adoption drive on Saturday, August 17 to help find loving homes for animals in need. More than 250,000 pets found their forever homes since 2015.



Photo Galleries

    Pet-o-nomics: The Cost of Owning a Dog or Cat
    Franck Prevel/Getty Images

    Dogs are known to help reduce stress and teach family members lessons in responsibility — but dog ownership demands fiscal responsibility, too.

    The costs of bringing an animal into your home go far beyond any initial adoption fee, which will be waved or significantly reduced at hundreds of shelters around the country on Aug. 18 for Clear the Shelters.

    The first year includes hidden fees that the owner must take into account, including supplies like a crate, collar, and veterinary bills. The price may vary based on differing circumstances, but a pet owner can expect to spend anywhere from $1,144 for a cat to over $2,000 for a largest breeds of dogs, according to the American Society for the Prevention of Cruelty to Animals.

    After the first year, the ASPCA says pet owners can expect to shell out about $700 annually for smaller dogs to over $1,000 a year for big breeds.

    Below is a breakdown of the average first year and annual costs the average pet owner will incur: