The cost of a horse varies greatly from being free to costing several million dollars; however, most average family trail horses cost $500-$3000. The cost of a horse varies due to location, breed, age, lineage and health. The cost is also affected by the purpose of the horse – a racing horse costs far more than a family trail horse. In addition, horse cost is affected by what training the horse has had. Racing horses from championship lines can cost anywhere from several hundred thousand dollars to several million dollars. Rare breed horses can also be quite expensive; a Lipizzan horse costs $4000 and up, while an Arabian can cost $5000-$300,000. Younger horses cost more than older horses; older retired horses can occasionally be found for a discounted price or for free.
In most cases, the initial cost to purchase a horse is small in comparison to how much it costs to maintain one. The cost of maintaining a horse includes things like food, veterinarian fees, fencing, bedding, insurance and boarding. Annually, horse owners spend $3000-$30,000 maintaining a horse.
Average Cost Of A Horse
The average cost of a horse varies greatly depending on what the horse is going to be used for. The average price for a good family trail horse is around $500-$3000, while the average cost of a horse for competition ranges from $3000-$10,000 or more.
The average cost of a racehorse is around $20,000-$50,000; however, racehorses vary in price from $5000-3,000,000 depending on lineage. The average cost of a horse is less for horses over 10 years old than for horses younger than 10, and horses that have been trained are usually more expensive than those without training. The average cost of a horse is less for horses with bad habits or vices and for those with any type of health problem. The average cost of owning a family trail horse is about $3000-$5000 annually, while the average cost of owning a competitive show horse or racing horse is considerably more.
Cost Of Owning A Horse
In most cases, the cost of keeping a horse is substantially more than the cost of buying a horse. The average cost of owning a horse is around $65-$100 weekly; however, the cost of keeping a horse can be as much as $625 a week. The average cost of owning a horse includes things like food, insurance, veterinarian bills, boarding, transportation, grooming and horseshoes.
Annual Cost Of Owning A Horse
The yearly cost of owning a horse varies from $3000-$30,000; however, the average horse owner spends $3000-$5000 on the yearly cost of owning a horse. The average yearly cost of owning a show horse or a racehorse is more that the average yearly cost of owning a trail horse. The yearly cost of owning a horse includes things like food, grooming, horseshoes, veterinarian care, boarding and possibly transportation.
Monthly Cost Of Owning A Horse
The average monthly cost of owning a horse ranges from $250-$400; however, the monthly cost can be as high as $2500. The monthly cost is considerably higher for show horses and racing horses than for trail horses. Monthly horse cost includes the cost of food, veterinarian costs, insurance, horseshoes, boarding, and grooming.
Horse Maintenance Costs
The average horse owner spends about $3000-$5000 annually on horse maintenance; however, horse maintenance can cost as much as $30,000 a year. The cost of horse maintenance includes food, bedding, veterinarian costs, shoeing, insurance, boarding and grooming. Horse shoeing costs around $500 a year, bedding costs $200 annually, basic veterinarian costs around $400 annually and feeding a horse costs around $1000 a year. Annual horse maintenance costs are increased by around $1500-$2000 per horse when multiple horses are owned.
The Cost Of Shoeing A Horse
Horses do not have to wear horseshoes – they can simply have their hoofs trimmed regularly. However, horses that are ridden on rough surfaces – show horses and racehorses need to have horseshoes. Horse shoeing and hoof trimming vary greatly in price per location and farrier. The average cost of horse shoeing is around $50-$80; however, horseshoeing costs can be as low as $20 and as high as $250. The average cost of hoof trimming is around $30; however, hoof-trimming costs range from $25-$50. Both hoof trimming and horse shoeing needs to be done every 4-8 weeks, depending on the horse.
Horse Vet Costs
Average annual veterinarian costs for a horse are around $400 a year. However, if the horse becomes sick or injured, veterinarian costs can quickly be thousands of dollars. The average cost of a veterinarian check up for a horse is $75-$125, while the average cost of annual vaccinations for a horse ranges from $200-$600. Emergency veterinarian cost can range from $500-$30,000 depending on the severity of the illness or injury. Veterinarian costs from a broken bone range from $3000-$30,000.
Horse Fencing Cost
Horse fencing costs vary depending on the type of fencing and the size of area being fenced. Fencing for a horse costs from $0.13-$1.25 per foot, depending on what type of fencing material is used. Wire fencing costs around $0.13 per foot, while horse-rail fencing costs around $1.25 per foot. The cost of fencing off a 100 x 100 foot area costs about $500 with wire fencing and about $5000 with horse-rail fencing.
Horse Barn Costs
The cost of a horse barn varies greatly depending on location, the design and size of the barn, what building materials are used and whether the horse owners builds the barn themselves or hire someone to do it. The cost of a horse barn ranges from $500 for a very small shed type barn to $30,000 for an average size barn with multiple stalls. Very large and/or fancy barns can cost around $50,000 to build. To save money, horse owners can build a stall in an existing barn for $1000-$4000.
How Much Does Horse Feed Cost?
The average horse owner spends about $1000 annually on the cost to feed a horse. Horse feed cost for horse grain is about $15 for a 50-pound bag, while horse food cost for a bale of alfalfa costs around $5-$10. A single horse eats around one 50-pound bag of horse grain and 4-6 bales of hay monthly. Most horse owners also like to feed their horses treats and vitamins; treats and vitamins add an additional $10-$30 a month on to the cost to feed a horse.
The Cost Of Boarding A Horse
Horse boarding cost ranges from $3000-$12,000 annually, depending on location and what services are included in the boarding. The average horse boarding cost is $4000-$6000 annually. The least expensive boarding usually only includes boarding of the horse; the horse owner is responsible for the feeding, grooming and exercising of the animal. The most expensive boarding includes boarding, feeding, grooming and exercising of the horse.
Horse Transportation Cost
The cost of shipping a horse varies from $600-$25,000, depending on whether the horse is being shipped locally, nationally or internationally. The cost of shipping a horse locally is around $600-$1000. The cost of shipping nationally ranges from $2000-$9000, depending on the distance. The cost of shipping a horse internationally is $15,000-$25,000.
How Much Do Miniature Horses Cost?
A miniature horse is different than a pony. Miniature horses measure about 34-38 inches at their withers and weigh about 100 pounds when full grown. Miniature horses are usually very friendly, get along well with people and are highly trainable. They are occasionally used as service animals, much like dogs. The cost of a miniature horse ranges from $10,000-$500,000. Average pet quality miniature horse cost is $10,000-$50,000, while show/breeding quality miniature horses cost $100,000-$500,000. Maintaining a miniature horse costs around the same as maintaining a regular size horse.
How Much Do Arabian Horses Cost?
The Arabian horse is one of the most expensive breeds of horse. Arabian horse cost ranges from a few thousand dollars to a few million dollars. The average cost of an Arabian horse that is ten years or younger ranges in price from $10,000-$300,000, while those that are older than ten years old range in price from $1000-$5000. A show/breeding quality Arabian horse can cost as much as several million dollars.
The Cost Of Horse Riding Lessons
Horse riding lessons range in price from $25-$100 a lesson, depending on location, instructor and the type of training. Group horse riding lessons cost around $25-$30 a session, while private horse riding lessons cost $40-$100 a lesson. Horse riding lessons for advanced riding and training for shows can cost as much as $100-$200 a session. The average horse enthusiast spends about $1000-$2500 annually on riding lessons.
The Cost Of Leasing A Horse
Leasing a horse costs from $100-$500 monthly. Cost varies depending on whether the horse is half-leased or full-leased; half-leasing a horse costs less than full-leasing one. When a horse is full-leased, the horse leasee can ride the horse whenever they wish. When a person half-leases a horse, they can only ride it during specified times. Usually, the cost of full leasing a horse includes the cost of boarding and food, while with half-leasing food and boarding may be extra.
How Much Does Horse Insurance Cost?
There are two different types of horse insurance: horse health insurance and horse mortality insurance. All horse owners should have horse health insurance for if a horse gets sick or injured veterinarian bills can be thousands of dollars. Horse insurance cost for health insurance for horses is $150-$300 annually. Horse mortality insurance costs around 4 percent of the horse’s value annually: a horse that is valued at $3000 will cost around $120 for horse mortality insurance. Usually horse owners with expensive racehorses and show horses purchase horse mortality insurance; a horse valued at $100,000 costs about $4000 annually to insure.
Horse Training Costs
The cost of a horse trainer varies from $1000-$3000 per week, depending on location, trainer and the type of training the horse is receiving. To train a horse to accept a rider costs around $1000 per week, while the cost of training a horse for shows or to do tricks is around $3000 per week. Training a horse to accept a rider usually takes about a month; however, some horses can be trained as quickly as one week, while other horses take up to six months.