Horse Ownership Costs
The annual cost of owning a horse can range from $1,000–$2,500+ per year. Here is what you need to know about the cost of owning a horse both immediately and in the long run. The first thing to think about is the actual cost of the horse itself. Costs may vary, depending on the age and where you get it from. If you’re lucky, you might spend nothing. If you want a horse with a stellar bloodline, expect to pay over $3,000–$5,000. It is possible to get a free horse if you’re willing to do legwork, and you’re not concerned with age.
Factors Influencing Horse Price
When considering the purchase of a horse, there are a few key price ranges to be aware of. The most common price range for a horse of average quality is between $1,000 and $10,000. This is the range for horses of typical build and quality, with no special training. Horses of higher quality will cost more, while those of lower quality may cost considerably less.
Determining Horse Value
To buy a horse, expect to pay $100 – $10,000, depending on pedigree, use, and location. The average hobby-horse cost is $3,000. The most expensive breeds cost up to $250,000. As a novice, an older horse is better to learn on.