How much does it cost to own a horse?
The purchase price is just the start. Feed, hoof care, vet visits and housing come every year, and a horse can live for decades.
Last updated: October 2026 · US prices · 3 sources · see sources
Prices at a glance
| Item | Typical US price | Src |
|---|---|---|
| Feed (hay and grain), per year | $1,000–$2,000 | [1] |
| Hoof care (farrier), per year | $200–$550 | [1] |
| Basic health care, per year | $150–$300 | [1] |
| Yearly total, basics only | $1,350–$3,000 | [1] |
| Yearly total, owner estimate | $4,000 or more | [2] |
| Startup costs | Can exceed $6,500 | [1] |
| Lifetime cost | Can exceed $60,000 | [1] |
| Maine owner survey (2012): average / median per year | $3,876 / $2,419 | [3] |
Ranges come from the sources below, and each measures something a little different (store prices, surveys or budgets). Prices vary by area, so check locally before you commit.
The yearly basics
New Mexico State University puts the basics (feed, hoof care and routine health care) at $1,350–$3,000 a year [1]. That figure leaves out boarding, which can be the largest bill if you don't keep the horse at home.
What owners actually spent
In a University of Maine survey, owners spent an average of $3,876 a year, with a median of $2,419 [3]. The survey is from 2012, so today's prices are likely higher. After adjusting for feed costs, the averages were $5,238–$6,898 [3].
Startup and lifetime
Startup costs, such as tack, equipment and the first vet visits, can exceed $6,500. Over a lifetime, owning a horse can exceed $60,000 [1].
Common questions
How much does a horse cost per year?
Feed, hoof care and basic health care run about $1,350–$3,000 a year. Many owners spend $4,000 or more once boarding and extras are included.
How much does a farrier cost?
NMSU budgets $200–$550 a year for hoof care.
How much does it cost to start with a horse?
Startup costs can exceed $6,500, and lifetime costs can exceed $60,000.