We love our pets. We provide them shelter, food and care and in return they enrich our lives. The love for pets in the U.S. is growing, with a record 65%—or 79.7 million—American households housing a pet, according to a recent survey by the American Pet Products Association.
Unfortunately, with rising pet ownership comes rising pet costs. According to WalletHub, pet expenses like licenses, grooming and medical care can cost pet owners between $235 to $2,000 annually, depending on the type of animal. And exactly how much a pet can cost you also depends on where you live.
WalletHub conducted a study to find the best and worst U.S. cities for pet lovers in 2015 by comparing the 100 most populated cities based on three dimensions: budget, health care and wellness and outdoor environment and amusement.
Pet insurance expects 12.6% revenue increase in 2015
Included in the budget dimension, WalletHub examined the cost of dog insurance in each city, giving the metric full weight towards each city's ultimate ranking. Pet insurance is becoming more and more popular, as accidents and medical needs are not typically covered by homeowners insurance.
And the cost of pet insurance is something to pay attention to, as more and more pet owners are expected to purchase the coverage this year. According to a 35-page report on the pet insurance market by IBISWorld, pet insurance is forecasted to see a 12.6% increase in revenue in 2015 over 2014.
See the infographic from WalletHub on the next page for a breakdown of the best and worst cities for specific metrics measured, including the cost of dog insurance.
Click through to the end to see the overall rankings of the 10 best and 10 worst cities for pet lovers.
4. Tampa, Fla.
3. Colorado Springs, Colo.