How Much Does It Cost To Own A Horse Per Year
Introduction
Owning a horse is a dream for many people, and it’s not an unattainable one. It’s a dream that can become reality as long as you ask yourself some very important questions beforehand. First, what does the cost of owning a horse actually look like? What does it involve? Is it a cost that can be planned for and budgeted for? If so, how do you go about getting the numbers right in your head to plan properly? These are the kinds of questions we need to ask when we start thinking about buying our own horse. So let’s start by looking at how much owning a horse can cost per year.
Let’s start off with a bit of perspective.
Think about all the things you spend money on every year. How much do you spend on food, utilities, and clothing? How much did you pay in taxes last year? How many times have you gone to the movies, or out to eat in the past two years?
The cost of owning a horse is low compared with these other expenses. It’s not as expensive as owning a car or motorcycle. It’s not even as expensive as owning a home! And if there are multiple horses in your life (say one for each family member), then there are potentially multiple low-cost benefits from keeping them: riding lessons for kids; chores completed by teenagers; outdoor work out opportunities for adults.
And the good news?
While the costs of owning a horse may seem high, they’re actually comparable to other things in life. Owning a horse is actually less expensive than owning a car per year! For example, if you drive a Ford Mustang V6 4-Door for 5 years at an average cost of $17,000 each year (including gas and insurance), that’s an overall expense of $85,000—while buying the same type of car brand new would only cost $41,000 over 5 years. Moreover, it’s also cheaper than buying a house! If you buy a house at the median price of $498K in your area right now and pay off your mortgage over 30 years at 3% interest rate on top of property taxes and maintenance fees every year until then end date when it’s paid off completely (aka amortized), you will spend about $230K over those 30 years—which means owning a horse costs less than half as much!
The real cost of owning a horse.
You may think that owning a horse is an expensive proposition. After all, you have to feed them, care for them and even buy a trailer to transport them to events. However, the real cost of owning a horse isn’t as high as it seems.
When compared with the average annual costs of owning other pets like dogs or cats (which range from $1,000 – $2,000), the cost of caring for your four-legged friend doesn’t seem so bad when you break it down further:
• Feeding costs: With most horses eating around 9% of their bodyweight per day (or about one pound per 100 pounds), feeding will run you around $100/month or $1/day if your horse eats hay instead of grain mixes. The cost varies depending on what type of food you choose and where you get it from (organic foods can be more expensive than non-organic). If they get sick at some point while they are under your care then there will also be veterinary bills to pay but this should not happen too frequently because horses are generally very hardy animals who only get sick occasionally due to stress or poor nutrition which can usually be avoided by giving them proper care during their first few months together before introducing new things into their diet such as treats etcetera.”
But all those costs are just getting started, they aren’t even the real cost of owning a horse.
“But all those costs are just getting started, they aren’t even the real cost of owning a horse.”
The real cost of owning a horse is the cost of caring for the horse and keeping it in good condition. It’s all about keeping your horse healthy and happy. The more you can spend on these things, the better off your horse will be.
The most important thing to know about the cost of owning a horse is this.
If you are interested in owning a horse, it is important to know what the costs are going to be. Before deciding whether or not you can afford a horse, you should consider how much time you have to devote to taking care of one. You also need to think about where your horse will live and if there are any additional expenses that go along with owning a horse.
At first glance, the cost of owning a horse may seem high when compared with other things in life such as cars, houses or college tuition but after doing some research on what it costs for basic maintenance and equipment for horses we found that the average cost per year was only slightly higher than our internet bill!
The most important thing to know about the cost of owning a horse is this: It won’t break the bank! According to HorseandRider magazine’s breakdown of average expenses associated with caring for horses (in 2018), most people spend between $500-$5000 per year on their equine companions depending on whether they own only one or several animals at once.
The cost of owning a horse is not that high when compared to other things in life.
The cost of owning a horse is not that high when compared to other things in life.
The cost of owning a horse is not that expensive when compared to other things in life.
Conclusion
We hope we’ve been able to give you a better idea about the cost of owning a horse. While it does have financial considerations, it can be very rewarding for those who are willing to make the investment. Are you interested in learning more about horse ownership? Check out our article on how to get started with horses!