Annual Expenditure On average survey respondents so far spend just under $13,000 per year per horse (excluding large capital expenses).
Big capital expenses included property, buildings, vehicles and saddlery.
Most respondents who had purchased property did so purely so they could have their horses at home. For horse owners the average property price of $830.000 is only the start; barns and stables were high on the list of improvements with costs running from the simple DIY barn @ $6000, through to $200,000. About 20% of respondents had build an arena on their property, at an average cost of $21,000.
Everyone had purchased saddles and other tack, which averaged $7000 per horse. This figure suddenly looked extremely reasonable when compared to the most common large expenditure, a vehicle. With so few safe roads, and even fewer bridleways in this country it is almost compulsory for a horse owner to also have a horse float or truck to be able to ride, and certainly to compete. Expenditure on vehicles averaged $38,000; this is considered an extremely conservative figure as the survey did not include any respondents
who spent over $100,000 on a vehicle, yet a large new, truck can cost as much as $750,000.
Those without horses still spend up on their passion; averaging $3000 per year on lessons, horse hire and equestrian clothing or accessories.
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