According to the ASPCA, about 63 percent of all households in the United States have a pet. Cats have overtaken dogs in pet popularity: while there are approximately 78 million dogs in US households, there are over 86 million owned cats. Not surprisingly, cat owners are more likely than dog owners to own more than one pet. The majority of pets are acquired from friends or family members for free, or at a low cost. However, while the cost of acquiring a pet is typically low, the average cost of food, supplies and medical care for a single pet is approximately $600 to $900 per year.
Statistics from the American Pet Products Association show that 78 percent of owned dogs and 88 percent of owned pets are spayed or neutered. Because the cost of spaying or neutering a pet is less than the cost of raising puppies or kittens for a year, altering your pet is one way to reduce the cost of caring for your pets. Additionally, a pet that has been spayed or neutered cannot develop uterine or testicular cancer, and the risk of mammary cancer is reduced, also reducing the cost of medical care.