A 2025 survey by the American Pet Products Association (APPA) found that U.S. retirees spend an average of $1,200 per year on their pets. This includes expenses for food, veterinary care, supplies, and grooming.
The survey, which polled 2,000 pet owners aged 65 and older, indicated that food accounts for about 40% of the total, while veterinary visits make up 30%. Retirees often prioritize pet health, with many opting for preventive care.
Experts note that pet ownership among retirees is rising, with 68% of older adults owning a pet, according to a 2024 AARP study. The emotional and physical benefits, such as reduced loneliness and increased activity, are cited as key motivators.
However, costs can vary widely. Retirees with dogs spend more on average than those with cats, and those with chronic conditions in their pets may face higher vet bills. Financial advisors recommend budgeting $100–$150 per month for pet expenses.
