How Much Does America Spend On Pets For 2023?

Just like any pet owner, Americans would feel empathy and build a genuine connection with their four-legged furry creatures. From a walking buddy to stress-buster companion, pet owners would treat their furry friends as a family.

Owning a pet will also cost some pennies from adoption to food to vet. But, spending on pets is worthwhile as they help improve physical and mental health.

If you are ready to own a pet, let us explore how much American pet owners spend for their pets this 2023.

Are pets common in America?

Yes, pets are indeed very common in America. As per American Pet Products Association (APPA), approximately 67% of U.S. households, or about 85 million families, own a pet. These pets are part of the American families, providing companionship, love, and joy.

In the United States, the most popular pets are dogs and cats. Dogs are prevalent, with about 63 million households owning at least one dog, while cats are part of around 42 million households.

Americans invest time, money, and care into their pets. They provide them with proper nutrition, medical care, and grooming and often include them in family activities. Communities also have dedicated pet-friendly parks, pet supply stores, pet-focused events, and social gatherings.

The Popularity of Pets in America

The popularity of pets is evident in the high ownership rates, the significant expenditures on pet-related products and services, and the numerous pet-centric activities throughout the country.

Here are some key statistics on the popularity of pets in America:

Pet Expenditures

Americans spend a substantial amount of money on their pets. In 2020, total pet industry expenditures in the U.S. reached nearly $103.6 billion in pet food, supplies, veterinary care, grooming, and other pet-related services.

Pet Adoption

Many Americans adopt pets from shelters and rescue organizations. Adoption rates have increased in recent years, reflecting the growing emphasis on providing loving homes for homeless animals.

Pet-Friendly Businesses and Services

The popularity of pets in America has led to the emergence of pet-friendly businesses and services that accommodate pets and provide specific amenities for their comfort such as providing free poop bags and treats.

Pet-Related Events

The U.S. hosts numerous pet-related events, such as adoption drives, dog shows, pet expos, and fundraisers that attract pet owners and enthusiasts from across the country, further highlighting the popularity of pets.

Why do Americans love their pets?

Most people with pets consider their animals as a family. Americans often seek comfort from their pets, sleep in the same bed, and are anxious when apart and even celebrate their pets’ birthdays and buy gifts for them. 

There are several reasons why Americans love their pets so much:

Companionship and Emotional Support

Pets provide companionship and emotional support to their owners. They offer unconditional love, loyalty, and a sense of belonging. They can be excellent comfort sources, especially during stress, loneliness, or sadness.

Health Benefits 

Numerous studies have shown that owning pets can positively affect physical and mental health. Interacting with pets help reduce stress, lower blood pressure, and decrease feelings of anxiety and depression. They also encourage physical activity and can improve overall well-being.

Bonding and Social Interaction 

Pets are known to enhance social connections and promote bonding. Walking a dog or taking pets to public places often leads to interactions with other pet owners, which can foster friendships and a sense of community.

Sense of Purpose and Responsibility 

Taking care of a pet provides a sense of purpose and responsibility. It gives individuals a daily routine, promotes structure, and teaches valuable skills like nurturing, patience, and empathy.

Unconditional Love 

Pets love their owners unconditionally, without judgment or conditions. This unwavering affection creates a deep emotional bond and can significantly enhance one’s self-worth and happiness.

Entertainment and Fun 

Pets bring joy and entertainment to their owners. Whether playing fetch with a dog, watching a cat chase a toy, or observing the antics of small mammals or birds, pets can provide endless amusement and laughter.

Therapeutic Benefits 

Therapy animals have positively affected individuals with various physical and mental health conditions. These pets are frequently used in therapeutic settings to assist with emotional healing, rehabilitation, and improving social skills.

These reasons, among others, contribute to the deep love and attachment Americans have for their pets, and become valued family members and are treated with care, affection, and respect.

Top 10 Most Common Pets in the U.S.

In the United States, there are many animals that are being pet, but the most common pets are:

Dogs: Dogs are the most popular pets owned. They come in various breeds, sizes, and temperaments and are known for their loyalty, companionship, and versatility. They often require regular exercise, training, and socialization.

Cats: Cats are also the most popular pets and known for their independence, agility, and affectionate nature. They are relatively low-maintenance compared to dogs and adapt well to indoor living.

Fish: Fish are popular pets, particularly the aquarium fish. They are visually appealing and can create a calming and serene environment. Common aquarium fish include goldfish, bettas, guppies, and tetras.

Birds: Birds are also common pets in the U.S., with different species ranging from small finches and budgies to larger parrots and cockatiels. They are said to be brilliant, social, and entertaining companions.

Small mammals: Several small mammals are popular as pets, such as rabbits, guinea pigs, hamsters, and gerbils. Their smaller size, ease of care, and suitability for smaller living spaces, are some reasons why they are being pets.

Reptiles: Reptiles, including snakes, turtles, and lizards, are kept as pets by many enthusiasts. They require specialized care in terms of habitat, temperature, and diet.

Other less common pets: These include ferrets, rodents like rats and mice, exotic pets like sugar gliders and hedgehogs, and even non-traditional animals like spiders and insects.

The choice of a pet depends on personal preferences, lifestyle, living arrangements, and individual needs. It is important to research and understand each pet’s specific care requirements before bringing one into your home.

How much does it cost to own a pet in America?

The cost of pet ownership in America can vary depending on several factors, including the type of pet, size, breed, and the owner’s lifestyle. Here are some common expenses associated with owning a pet:

Acquisition

The initial cost of acquiring a pet may include adoption fees for rescue animals that can range from $50 to a few hundred dollars. On the other hand, purchasing a purebred pet from a breeder can cost several hundred to several thousand dollars.

Food

The cost of pet food depends on the type of pet and its dietary needs. Dogs generally require more food than cats, and larger breeds may have higher food expenses. Pet owners spend around $300 to $500 per year on pet food.

Veterinary Care

Regular veterinary care is necessary for maintaining a pet’s health. This includes vaccinations, annual check-ups, preventive medications, and occasional illness or injury treatments which costs can range from a few hundred to several thousand dollars annually.

Grooming

Some pets, such as dogs with long hair or certain breeds, require regular grooming, including bathing, haircuts, and nail trims. Grooming costs vary depending on the pet’s size and needs, but they typically range from $30 to $100 per session.

Supplies

Pets require various collections, including bedding, toys, leashes, collars, litter boxes, and scratching posts. These can add up, especially when considering replacement or replenishment over time. The annual fee for pet supplies can vary but is typically around $100 to $300.

Training and Behavior

Some pets may require training classes or behavioral consultations to address specific issues or to ensure good behavior. Training costs can vary based on the type and duration of the training, ranging from $50 for basic obedience classes to a few hundred dollars for more specialized training programs.

Pet Insurance

Pet insurance is optional but can help cover unexpected medical expenses. Premiums for pet insurance plans can range from $20 to $50 per month, and also varies on the coverage and the pet’s age, breed, and health.

These figures are estimates, and the actual costs can vary significantly depending on individual circumstances and location. Additionally, pets may have other needs, such as boarding or daycare, which can incur additional charges.

Total Pet Industry Expenditures in America for 2023

In 2022, Americans spent $136.8 billion on their pets, a whopping 10.68% from 2021, comprising pet food and treats, supplies, live animals, over-the-counter medications, vet care, and other services. 

Interestingly, American dog owners make professional, financial, and lifestyle sacrifices for their canine companions, as resulted in a Forbes Advisor. With pet owners treating their pets as family, here are the top lifestyle sacrifices made by pet owners.

• 39.29% lived on a tighter budget to afford their pet expenses
• 13.96% moved from an apartment to a house so that the pets would have a yard to live and play on
• 7.47% stayed at a job that allowed them to work remotely or had a dog-friendly office, even if they disliked the job
• 6.78% choose their pet over their partners who dislike their pet
• 5.25% took a pay cut or accepted a position with fewer benefits to work remotely or have access to a dog-friendly office.
• 4.57% left a job they liked because another company let them work from home or had a dog-friendly office.
• 36% of dog owners reported spending $4,000 or more out-of-pocket on life-saving medical care for their dogs.

Conclusion

American pet owners who are spending money and sacrificing some lifestyle are happier. It is always worth it for the sake of our beloved pets as well as showing their love for their pets.