Dogs: More than $28,700
The life expectancy of a dog varies by breed, but in North America and Europe, you can expect your dog to keep kicking for 13 years. Based on Ontario Veterinary Medical Association calculations, owning a 40-pound dog for 13 years will cost more than $28,700. The estimate takes into account annual vaccines, veterinary bills, food and pet insurance costs.
Cats: More than $24,000
Like dogs, cats’ lifespans vary. According to the ASPCA, the average house cat lives for 13 to 17 years. Using OVMA’s calculations, a 10-pound cat that lives to 15-years-old will cost more than $24,000 in vet bills, food and other costs.