25+ Insane Pet Spending Statistics: Americans Love Their Furry Best Friend

Written by Ashley FranklinUpdated: 24th Mar 2022
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Are you a pet owner? If so, you’re certainly not alone. In fact, according to the most recent statistics, a whopping 70 percent of households in the U.S. own a pet. That’s a whole lot of furry (or scaly) friends!

But owning a pet isn’t just about cuddling and playing fetch. It comes with a significant financial responsibility as well. Pet ownership can quickly add up from food and toys to vet bills and kenneling fees.

How much does the average pet owner spend each year? And where do those dollars go? Keep reading to find out 25+ fascinating statistics about pet spending.

Pet industry statistics have shown that more and more Americans are spending money on their pets.

It’s no surprise that millennials are a driving force behind the pet market. They’re the most dedicated generation to their pets, and they’re also the most likely to see their pets as family members.

#1. In the United States, There Are 90. Million Households with Pets

This number is steadily increasing as more people discover the joys and benefits of pet ownership.

Pets provide companionship, love, and loyalty, and they can also help reduce stress levels and promote overall health and well-being.

#2. Every Year, over 4.1 million Animals Are Adopted in the United States

Every year, millions of animals are adopted in the United States. This is a great thing because it helps reduce the number of animals euthanized in shelters.

There are a lot of benefits to adopting an animal from a shelter. First and foremost, you’re saving that animal’s life. Adopting from a shelter is much cheaper than buying an animal from a breeder or pet store.

#3. It Is Estimated That 38.4% of American Households Have a Dog

It’s no surprise that so many American households have a dog – they’re such loyal and loving companions! Not to mention, dogs are great for getting us out of the house for some much-needed exercise.

Whether taking them for a walk around the block or playing fetch in the park, spending time with your furry friend is always enjoyable.

#4. Cats Are Owned by 25.4% of Households in the United States

There are a variety of reasons for cats’ widespread appeal. They’re independent animals and don’t require as much attention as dogs. They’re also relatively low-maintenance and can be happy living indoors or outdoors. And lastly, who can resist those adorable furry faces and soft purrs?

Pet Expense Statistics

The largest pet expense outside of emergency vet care is from food. The cost of food for a pet can range per month, depending on the size of the pet and the type of food they eat.

When it comes to taking care of our furry friends, we definitely don’t mind spending the money!

#5. Dog Ownership Can Cost on Average $2,115 Per Year

That’s a lot of money! But it’s worth it when you consider all the benefits of owning a dog.

You can’t put a price on companionship, love, and loyalty.

#6. The Aspca Estimates That a Cat Costs About $634 Per Year

This is a lot less than dog owners spend each year, but it’s still a significant chunk of change.

Cats typically cost less because they are more independent and don’t require as much attention. They also don’t need to be walked or exercised, which reduces the cost of owning one.

#7. Unexpected Veterinary Care Can Cost Between $800 and $1500

Accidents happen, and when they do, they can be expensive. Unexpected veterinary care can cost between $800 and $1500, so it’s important to be prepared.

#8. An Average Dog’s Dental Cleaning Costs Between $300 and $700

That might seem like a lot of money, but the truth is that it’s a small price to pay when you consider all the benefits of a dental cleaning.

For one thing, keeping your dog’s teeth clean can help boost their overall health. Dirty teeth can lead to plaque buildup and gum disease, which can be serious health problems for dogs.

#9. The Average Dog Owner Spends $442 a Year on Food

If you’re like most dog lovers, you want to give your furball the best of the best. But that comes at a cost – the average dog owner spends $442 a year on food alone.

#10. An Average Cat Owner Spends $329 a Year on Food

Any cat owner will tell you that cats can be fickle creatures when it comes to what they’ll eat. One day they might love a particular food, and the next day they’ll refuse to touch it.

This makes it hard to budget for your furry friend since their food needs can change on a whim.

#11. The Pet Industry Exceeds $100 Billion in Sales Every Year

Yes, the pet industry is worth an astonishing $100 billion per year. And while a lot of that money comes from commercial breeders and large-scale pet retailers, it’s the dedicated pet owners driving the market.

#12. 77% of Millennials Choose Online Shopping for Pet Supplies

I think it’s safe to say that most millennials shop online for pet supplies because it’s convenient and easy to do. Who wants to go out in the middle of a blizzard just to buy some dog food when you can easily order it from the comfort of your own home?

#13. 58.3% of People in Idaho Have a Dog

It’s no wonder that Idaho has the highest dog ownership rate in the country–with all that wide-open space, it’s the perfect place for dogs to run and play!

And with 58.3% of people in Idaho owning a dog, it’s clear that the bond between humans and their canine companions is strong here.

#14. There Are More Than 1,593,000 Cats in the State of Massachusetts

It’s no surprise that Massachusetts has the most cats of any U.S. state! With its abundance of small towns and rural areas and its cold winters, the state provides a perfect habitat for felines.

Pet Insurance Statistics

Statistics show that most pet owners do not have pet insurance. However, this number is slowly growing as more and more people become aware of the benefits of pet insurance.

#15. More Than 75% of Animal Owners Do Not Have Pet Insurance

There are a lot of reasons why people might not have pet insurance. Maybe they don’t think their pet will likely get sick or injured, or maybe they feel like they can’t afford it.

Whatever the reason, it’s important to remember that accidents can happen to any pet. And if your pet does get sick or hurt, the vet bills can quickly add up.

#16. Dog Insurance Costs Around $45 Per Month on Average

The average dog owner can expect to pay around $45 per month for pet insurance. This may seem like a lot, but it can actually save you money in the long run.

For example, if your dog needs surgery, the cost of the surgery alone could easily be several thousand dollars. If you have pet insurance, however, your insurance company will cover most or all of the cost.

#17. Cats Typically Cost About $25 Per Month for Pet Insurance

Interestingly, cats typically only cost around $25 per month for pet insurance. This is a fraction of the cost of dog insurance.

#18. At Least 50% of Millennial Pet Owners Give Their Pets Gifts Every Month

A lot of millennials nowadays are dedicated, pet owners. They see their pets as family members and want to make sure they’re happy and healthy. So, it’s no surprise that many of them give their pets gifts every month.

#19. 57% of Dog Owners Prefer to Feed Their Dogs Dry Food

Dry food has its benefits – it’s usually more affordable and can be stored for longer periods of time. Plus, many dogs seem to prefer the crunchy texture.

However, it’s important to make sure that you’re choosing high-quality dry food that meets your dog’s nutritional needs.

#20. 57% of Cat Lovers Say Their Cats Prefer Wet Food

57 percent of cat owners say that their cats prefer wet food, most likely because it is more flavorful and has a higher moisture content.

#21. 65% of Dog Lovers Take More Pictures of Their Dog Than of Their Partners

If you’re one of the 65 percent of dog lovers who take more pictures of their pooch than their partner, you’re not alone. We love our dogs like family, and for many of us, they ARE family. So it’s only natural that we want to document all the special moments we share with them.

#22. The Highest Paid Dog on Instagram Rakes in $373,029 Per Year

This is one well-paid pup! So just how does this lucky dog earn all that cash? Well, their human companion runs a popular Instagram account featuring photos and videos of the pup living their best life.

#23. Over 10 million People Follow Jiffpom the Dog Online

Jiffpom has a very active social media presence. He regularly posts new pictures and videos, and he always interacts with his fans. Clearly, Jiffpom is a much-loved pup!

#24. There Are 60 million People Who Buy Pet Products at Retail Stores

Many people prefer to purchase these items from a store that is convenient for them and that offers a good selection of products.

#25. 70% of Pet Stores’ Sales Come from Specialty, Wellness, and Natural Products

It’s no secret that people are becoming more and more conscientious about the food they’re putting into their bodies, and the same goes for their pets. This has led to a booming specialty, wellness, and natural pet foods market.

#26. The Number of Pet Owners Shopping Online Has Increased by Almost 20%

There are several reasons for this uptick. For starters, it’s convenient and easy to comparison shop for pet supplies online. Plus, there are a ton of great deals to be found on the internet, and many retailers offer free shipping on orders over a certain amount.

Pet Industry Demographics

It’s no surprise that millennials are a driving force behind the pet market. They’re the most dedicated generation to their pets, and they’re also the most likely to see their pets as family members. However, Generation Z is beginning to own pets as they settle down, move into cities, and mature. 

Trends show that the pet industry will only continue to grow in the years to come. As more and more people spend time at home with their pets, they will be willing to spend more money on them.

We think this is a great trend, and we can’t wait to see what the future holds for the pet industry!

Frequently Asked Questions

How Much Do Pet Owners Spend on their Pets?

Pet owners spend upwards of hundreds of dollars per month on their pets. This figure will continue to grow as pet ownership begins to increase.

What Age Group Owns the Most Pets?

If you’re wondering which age group owns the most pets, the answer might surprise you: it’s 18-34-year-olds! This age group is particularly passionate about their furry (and not so furry) friends and is more likely to have multiple pets.

How Much Do Millennials Spend on Pets?

According to a recent study, millennials spend an average of $173.67 per month on pet products and care. This includes things like food, toys, vet bills, and more. So, if you’re a millennial and thinking about getting a pet, be prepared to budget for it!

How Many People in the United States Are Dog Owners?

Over 48 million Americans own dogs, making it one of the most popular pets in the United States. That’s likely because dogs are so versatile- they can be both indoor and outdoor pets, and they come in various shapes and sizes.

How Many People in the United States Are Cat Owners?

Over 31 million people in the United States are cat owners.

There are a lot of reasons why cats make great pets. They’re independent, low-maintenance, and can be very affectionate. Plus, they’re great for keeping mice and other pests out of your house.

Which Country Spends the Most on Their Pets?

According to a recent study, the United States spends the most money on its pets. This is likely due to the fact that there are more pet owners in the U.S. than in any other country. Americans love their furry friends and are willing to spend top dollar to keep them healthy and happy.

Bottom Line: Pet Spending Statistics

So, what does all this data mean for pet owners?

First and foremost, it’s important to be aware of the financial commitment you’re making when you bring a furry friend into your home.

Pets are expensive! But they also provide us with companionship, love, and lots of laughs. As long as we’re mindful of our spending, owning a pet can be a great way to enrich our lives.

Sources:

Ashley Franklin
Ashley Franklin

Ashley Franklin is a professional writer and financial literacy expert. Ashley double-majored in Computer Science and Communications, and she brings her talents to the forefront with writing about personal finance and investing. Having worked with renowned international websites and publications, Ashley has found that there’s no one-size-fits-all solution to financial management. That’s why her articles are all about finding what works for you.