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What is the Yearly Cost of a Puppy?

Once my wife and I are completely out of debt (in 5 or 6 months!), I think we would really like to be the proud parents of a new puppy. At this point, we are still struggling with what kind of dog we are looking for. While she would like a puppy that is barely visible to the naked eye, I would really love something a little larger like a golden retriever. I’ll give you a visual here; I’m 6’8″ and the dog she wants will probably fit in my hand. Can you imagine me walking around the city with a Yorkie? Oh well, it’s a good thing I don’t get embarrassed easily.

While I might look ridiculous with this dog, I know that I’ll learn to love it. My main concern though, is the cost. I recently read an article lately that said babies cost about $14,000 a year! Are dogs just as expensive? If so, I’d rather pet sit.

I have done a little research, and it seems like the estimated cost is between $600 and $1,000 a year. To be honest, I was actually shocked at how low that estimate was.

Here’s a general breakdown of the expenses (per year):

If you are currently in debt and trying to fight your way out, I would not recommend adding a pet into the equation. They bring many unexpected expenses into the budget, and would most likely harm your efforts. For us, we’ve both wanted a puppy for a while and it’s going to be our get out of debt celebration! It’s going to be a momentous occasion, and we’ll be in a great position to add a new member to our family.

If you would like to read some other articles about puppy costs, there are some great in-depth articles that I have linked below.

Do you have a puppy? What would you say your expenses are? I would really like to know.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. My husband and I are dog lovers and we have raise a few puppies together and adopted adult dogs. Raising a puppy together is a great bonding experience and trial run for a munchkin, but they are much more expensive in their first couple of years. Adopting an older dog can be a much less expensive alternative, especially if you go through a dog rescue group that can really tell you about that dogs personality and if it would be a good fit for you. (Adopting from the city is a gamble, I’ve known some awesome mutts and I’ve also have friends with horror stories.) Erika left out dog training which is a must for a puppy, since you can’t do all the fun things with a dog (like going to parks, out door dining areas) if it doesn’t know how to behave. When you guys make the decision remember that besides companionship, owning a dog is great for your health! It get’s you outside and just being around your loyal companion will lower your stress levels.

    • Good info Rachel. Thanks so much for your input! For now, I am going to remain ignorant and believe that I can train a dog myself….. but I really don’t know anything about dogs, so I’m pretty sure I know how that’s going to end up.

      I am excited for the exercise though! I’ve always wanted a running dog! 🙂

  2. Hi! I have a lot more info if you want to discuss the costs of a puppy. It actually fluctuates but buying all the supplies takes a toll the first 1-3 years. Don’t forget cost of neutering. If you have a long-haired dog, you need to pay for grooming ($50/visit) at possibly once a month. Cleaning supplies is vague, def not $20/year. Shampoo, flea meds ($50-100), ear cleaner, possible hot spot topical solution, nail clippers, eye cleaners, toothbrush, toothpaste, hair brush. If you don’t take care of all this it will add up later – dental visits to get teeth pulled/cleaned, eye infections, etc. Potty training pads will be needed for a puppy, possible doggy door installed, etc. The BF and I bought a puppy 5 years ago.. we still have him today 🙂 It was worth it but I wish someone had told me all the expenses upfront!

    • Wow, thank you for the information Erika! Any idea how much you spent per year for the first couple of years? It sounds like it might have been more than the $1,000 max I have in the article. But are all of these things necessary? Dental cleaning?

  3. Most of those things are necessary but depending on the breed some priorities change. I would say over $1k the first 2 years for sure. Dental cleaning needs to be done for dogs that have bad teeth (plaque buildup) or if you are too lazy to brush their teeth once a week. It’s recommended once a year otherwise in 5-10 years they can get gum disease and teeth rotting (yes like humans! lol). Also long haired dogs are harder to maintain (grooming, brushing, ear plucking, more baths, trimming paws or else they tangle up). So try a short-haired dog and research strong teeth and white nails. Dark nails are the most difficult thing to cut. But remember big dog = big poop!

    • Haha, I love it. Big Dog = Big Poop! Well, hopefully we’ll have some land by the time we get our big dog, then I won’t have to pick it up! 🙂

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