How Much Does it Cost To Own A Horse?
How Much Does it Cost to Maintain A Horse?
While owning pet horses, ponies, donkeys, and mules may seem like a great idea, the lifetime cost extends way beyond what you would initially pay. If you’ve ever wondered how much it costs to have a horse, you need to be aware of how expensive costs such as daily care, boarding a horse & stable maintenance, riding equipment and uncontrollable factors such as medical bills can become.
Costs of Basic Maintenance
It’s almost impossible to give a definitive price of owning a horse as there as there are so many variables to take into account. Land taxes, horse insurance, rent, and property maintenance will all vary depending on where you live in the US. As you might have already considered, the cost of owning a horse is much higher in urban areas where land is more sought after. So, putting those costs aside and assuming that your horse will be kept on your own property, you’ll still need to pay for the following types of care:
- Half a bale of hay at around a minimum of $3.00 a day. Depending on the size of your horse, it may need a full bale.
- Expect to pay higher costs in more urban areas
- A six-month supply of mineral supplement at $0.17 a day
- A salt block to keep your horse healthy ($14 or $0.04 per day)
- Inexpensive concentrate to ensure your horse gets the nutrients it needs ($1.00 per day)
- Farrier care (shoe your horse or trimming) every six weeks which works out at $35 per trim, or $0.83 per day
- Deworming your horse every 3 months ($0.20 per day)
- Annual dentistry check-up at a cost of $125 ($0.35 per day)
- Core vaccinations to cover equine influenza, tetanus, rabies, and other routine vaccines at around $95 (or $0.27 per day)
The costs we’ve provided above are a rough average of what’s out there. Of course, these costs aren’t fixed and will vary depending on factors like veterinary rates, whether or not you have insurance, and where you source these items from. So, taking everything above into account, you’re looking at a daily cost of just over five dollars a day for your horse. That doesn’t sound like much until you work out it’s $1828.65 a year – and that’s assuming the horse is kept on your own land and in the property you already own and are paying separately for. The costs of owning a horse can soon add up.
Unexpected and Additional Costs
Taking on a new pet is a responsibility and unexpected costs can pop up from time to time. If you’ve ever asked yourself the question ‘how much does it cost to own a horse?’, you’ll know that in comparison to other pets, it’s much more expensive. This is due to:
- Entering your horse in competitions
- A horse that requires specialist farrier work
- Unexpected vet bills
- Maintenance and repairs of horse stables
- Sudden increases in food prices
- Economic downturn
- Vaccinating against new disease outbreaks
- Breeding your horse