Responses to a horse-ownership survey from the University of Maine found that the average annual cost of horse ownership is $3,876 per horse, while the median cost is $2,419. That puts the average monthly expense anywhere from $200 to $325 – on par with a car payment.
How much does a horse cost to buy and maintain?
These costs of horse ownership can vary depending on where you live and the size of your property. Once you purchase your horse, it will cost you between $2500 – $3800 a year to maintain a healthy horse. This assumes the horse lives on your property. You'll need to add more to the cost if you rent a stall.Mar 5, 2021
How much does a horse cost to buy on average?
To buy a horse, you can expect to pay between $100 – $10,000, depending on the horse breed's pedigree, how you are planning to use the horse, and your location. The average cost of a hobby-horse is about $3,000. According to Seriously Equestrian, the most expensive horse breeds can cost up to $250,000.Mar 5, 2021
How expensive is owning a horse?
Average Cost Median Cost
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Hay* and grain** $1,211 $1,000
Pasture Maintenance $194 $194
Veterinary and Medicine $485 $300
Farrier*** $350 $350