Owning a horse isn’t cheap. There are ways to budget and cut corners safely, but the reality is that these big animals can cost a pretty penny. It is well-known that the upfront costs are generally less than the cost of caring for a horse in the long run. If you’re new to horses, here’s a great guide for what you can expect financially.
The Upfront Costs
- Average Horse: $800-$4,000
- Show Horse: $3,500-$8,000
- Pre-Purchase Vet Exam: $250-$500
- Tack: $400-$1,500
- Buckets & Stable Supplies: $50-$100
Monthly Expenses
- Stall Boarding: $250-$500
- Field Boarding: $100-$200
- Farrier (Every 6-8 weeks): $25-$100
- Dewormer: $5-$15
Self-Care & At Home Expenses
- Hay: $40-$200 a month
- Grain: $15-$30 a bag
- Bedding: $5-$12 a bag
- Fencing: $500+
- Shelter: $1,200+
Annual Expenses
- Annual Vaccines: $50-$200
- Emergency Vet Call: $250+
- Teeth Floating: Up to $150
There’s a lot more you could purchase, such as riding apparel, a truck and trailer, a first-aid kit, and rubber stall mats. Just remember, the moment you buy a horse is the moment you hand over your wallet.
