While the love for your precious pet may be priceless, the amount you spend on your cat or dog in 2024 could add up to thousands of dollars, according to a new report.released its fifth-annual True Cost of Pet Parenthood report Tuesday and found that, like most things in life, the price of pet ownership has also increased.Rover's findings reveal that cat and dog essentials can cost between $965 and $4,020 per year.
Sixty per cent of respondents said they were most financially impacted by the increasing cost of pet food, while 51 per cent said that treats and toys were making a dent in their wallets. Spaying or neutering your dog can range from $755 to $1,080. Initial vet exams can add up to $699 and the combined cost of mandatory supplies like a leash and collar can be up to $175.
One of the other pricier items for a new cat is a scratching post, which can run you anywhere between $35 to $265.
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