Study: Cats Cost Less to Own Than Dogs

Annual price of pet ownership is $599 for cats, $947 for dogs, according to study.

Posted: June 1, 2009, 3 a.m. EDT

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A study has found that cats are less costly to own as pets than dogs.

According to industry research firm IBISWorld Inc. of Santa Monica, Calif., the total cost to own a dog for the duration of its life (an estimated 13 years) is $13,330, compared to $8,506 for a cat.

In the first year, a dog owner can expect to pay $1,966, while a cat owner will spend $1,318. Thereafter, IBISWorld calculates that it costs $947 per year for a dog compared to $599 per year for a cat.

Here is a breakdown of the significant expenses for both animals as provided by IBISWorld:

Average Costs for Dog
Food - $2,900
Vet Bills - $2,860
Boarding - $1,586
Vaccines -

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