Winner of the Nobel Peace Prize, Albert Schweitzer once said, “There are two means of refuge from the misery of life—music and cats.” With 42.7 million American households owning a cat, there is truth to Schweitzer’s words. Cats are popular pets known for their independence and intelligence. Owning one is not only a commitment requiring time, but money as well. Cat expenses can quickly add up.
To understand how expensive owning a cat is, ManyPets analyzed data from a 2020 survey conducted by TD Ameritrade/Harris Poll among 320 cat owners with at least $10,000 in investable assets. The survey provided a breakdown in cat ownership costs by category as well as the owner's generation, and ManyPets ranked these categories by the average spend across all three generations.
Expenses include necessities that help keep cats healthy and happy. These include regular check-ups and high-quality food, along with things that are more fun than necessary, like Halloween costumes and over-the-top toys and treats. Some expenses such as pet insurance can mitigate other costs, like unforeseen emergencies or health treatment plans. Keep reading to discover more about the various expenses you can expect to run into when you own a furry feline.