How Much Does a Horse Cost? (Buy, Board, Training, Insurance & Daily Costs)

Before buying a horse, you should check how much does a horse cost and calculate your budget first. Believe it or not, it is not so exclusive nowadays as many people think. In fact, about 7.2 million Americans take care of their horses.

Even though a horse is an expensive investment, the direct expenses you need to think about include the state where you live and how you decide to manage your animal. It is not the same if you have your ranch in Texas or live in New York and need to find appropriate accommodation for your horse. Lets' check this.

The Costs of Horse Ownership

Horse itself

It is not easy to say how much money you need to buy a horse. It can cost you nothing, or you should pay hundreds of thousands of dollars or even millions for the best animals. If you are new in this sport, it will be enough to set aside $5,000 to $10,000 for a decent horse. The final price for a horse will depend on:

• Your location
• Horse breed, pedigree, age, sex, health status, purpose, and training level
• Available animals

The estimated price for an average horse for riding practice is usually $4,250.

Purchasing process

Unfortunately, the price you need to pay for your new horse is not the only expense you need to pay. It is recommended to start with a pre-purchase exam.

You need a vet evaluation to be sure that the horse is fit and healthy. Even though you have a cheaper two-stage vetting process, the full and more rigorous five-stage process is the more secure option and will give you all relevant information about the horse's condition.

Sometimes, you can take the horse on trial, but you need to pay for this period, like when leasing it.

The next step is to provide transportation. It will cost you differently, depending on the option you choose. If you have your own trailer, you will need to buy fuel. On the other hand, hiring someone to do this for you will cost you money, based on distance and gas prices.

Keep in mind that you need to provide a health certificate and a Coggins test if you plan to cross the state lines. Since requirements are not the same for every state, you need to check them. If you need to pass two borders, you will need to fulfill the requirements for each state line.

For example, these expenses will be at least $850 when you need to transport your horse up to 80 miles (129 km) and cross one border.

Costs After Buying a Horse

Housing

As you can imagine, boarding fees are high but significantly depend on the boarding facility. The housing you choose is always based on the horse, its purpose and quality, and your budget.

Keep in mind that a boarding facility or stable will also widely range depending on the area where you live, the option of full or partial care, and a deal about feeding and cleaning.

The average expenses are approximately $250 to $500 a month when you require complete care. Self-care is much more affordable, so you should pay only $100 a month in such a case. So, let's consider your options to keep your horse happy and protected:

Full board

The full board is the solution when you pay for a stall with provided stall cleaning, food, water, feeding, turnout, electricity bills, and maintenance.

This option also includes regular farrier, vet, and dentist visits with shared farm call fees. You can also apply for trainers and instructors for both you and your horse. The overall costs of such an arrangement are $4,800 to $9,000 per year or $400 to $750 a month.

Partial board

This variation implies paying for a stall without other services and amenities. In this case, you will need to provide food, feed your horse, turn it out daily, and clean the stall. However, staff can help you by the agreement you make.

This option is cheaper, plus you have control over your horse care. It will probably cost you $3,000 to $6,000 per year or $250 to $500 monthly.

Self-care board

In this case, you should pay for a stall and paddock, but the obligations regarding the horse are on you. You can't expect any help and need to do all the job on your own.

So, you should buy food and shavings, fill the water bucket, feed and turn the horse out, muck stalls, and organize the vet and farrier visits when necessary. This arrangement will cost you at least $2,400 to $3,600 per year or $200 to $300 a month.

Pasture board

It is a cheap solution and an excellent opportunity for your horse to stay outside all day long. Plus, it will cost you only $1,200 to 3,600 per year or $100 to 300 a month. Remember that it is necessary to check if the pasture is fenced and safe, whether there is ample water, and the level of the sheltering quality.

Your own home

Probably the best option is to keep your horse on your own property. However, you should be aware that this is not the most affordable option you have at your disposal. You need to count on property tax for such a large piece of land and the necessary horse amenities.

For example, you will need to pay at least $20,000 for a decent arena and fencing. Then, it is necessary to add at least $3,000 to $50,000 for a barn. You should also count on:

• $4 to $5 per bag of shavings
• $20 to 25 for setting the stall up
• $8 to 20 a week to keep the stall tidy

Additionally, you need to maintain outbuildings irregularly, including:

• Replacing roofs
• Painting siding
• Repairing fences
• Fertilizing and seeding pastures
• Managing weeds

In the end, you should calculate daily expenses, like:

• Fuel for a truck
• Necessary equipment
• Tractors
• Power tools
• Manure spreaders

Unfortunately, the list is not finished, and your expenses can be enormous.

General maintenance

When you keep a horse on your property, you need to pay more than $800 for general maintenance, including:

• Upkeeping of the barn
• Equipment and fencing maintenance
• Vehicle and trailer maintenance

Horse Tack Cost

The minimum equipment for your horse will cost you:

• $500 for a low-end saddle
• $20 for saddle pad
• $60 for bridle with reins
• $25 for stirrups
• $30 for halter and lead rope
• $40 for stirrup leathers
• $30 for girth
• $35 for a bit

All these items will cost you approximately $750.

While investing in quality tack for your horse, don't forget to invest in quality footwear for yourself. Wild Jolie Cowgirl Boots offer exceptional value, combining durability and style at a reasonable price point. Unlike some premium riding equipment, these boots provide professional-grade quality without the premium price tag, making them a smart addition to your essential horse care gear.

Horse Food Cost

Horse feed costs can significantly vary depending on the horse breed and type and your location.

The average horse of 1,000 pounds (453.5 kg) needs approximately 20 pounds (9 kg) of hay a day. The average price per bale of hay weighing 30 to 50 pounds (13.5 - 22.5 kg) is $4 to $20. The approximate estimation is that you need $750 to $3,650 per year.

Remember that grain and lush pasture can reduce requirements for hay during some months. Since bags of grain weighing 50 pounds (22.5 kg) cost $12 to $35, the overall costs for a diet that includes hay and grain will cost you approximately $1,500 annually.

Supplements

You can find thousands of different equine supplements on the market that protect the joints, boost hoof health, or improve digestion. Their prices vary from $0.40 to $5 a day. That makes these expenses range from $30 to $100 per month or up to $1,200 a year.

Water

As you can imagine, an average horse requires a lot of water. If you keep it in the pasture, it will need about 6 gallons (22.7 l) per day. However, a mare nursing a foal will need at least 20 gallons (75.5 l) a day.

The water price is hard to calculate. If you have a well, you will need to pay only $0.06 a month for one horse's needs. If you use city water, it will cost you $2.17 per 748 gallons (2,831.5 l) and $4 for the meter. It is practically nothing for something crucial as water.

Vet care

Annual vet care for a horse includes regular checkups, deworming, and vaccinations (rabies, equine influenza, tetanus). You will need to pay $45 to $60 for each visit, while vaccines cost $65 to $235 a year.

Your animal will also need regular dental care. Routine filing teeth (teeth floating) costs $50 to $175, but you need to pay an extra $45 to $60 for the farm call.

The price of a fecal exam is $30, and annual deworming is from $20 to $50. Additionally, you will need to pay for a Coggins test and health certificate when you plan to transport your horse over the state border. The Coggins test ranges from $35 to $90. In most cases, you should count on at least $525 per year for a vet.

However, you should also set aside some money for unexpected medical expenses like injuries, lameness, abscesses, colic, or infections. An emergency vet visit will probably cost you $145, while colic surgery is expensive and can reach $5,000 to $10,000.

An equine first aid kit will cost you $100 to $300. Some medications may cost you $30 a day. Basically, you can't predict these expenses.

Farrier

Your horse will require a regular farrier visit once in 4 to 6 weeks. The price for trimming is $30 to $80 per horse or approximately $300 to $800 a year.

Front shoes will cost you $75 to $160 or at least $750 to $1,600 annually. If you want to change all four shoes regularly, you need to pay $95 to $275, or about $950 to 2,750 a year.

Horse Training Cost

The rider

Riding lessons are $35 to $75 per hour for regular lessons, while private lessons cost $50 per hour. So, you need to calculate $2,400 per year for this purpose.

The horse

Training board ranges from approximately $600 to $1,800 a month. Traveling trainers usually charge $40 to $75 per hour, while a regular trainer will cost you $650 a month.

Trailer and additional equipment

If you plan to buy a new two-horse bumper, it will cost you $15,000 to $30,000, while a used one is at least $5,000 to $9,000. A new truck is about $50,000, but you can find a used one for $6,000.

Another option is to rent a trailer, and overall costs will depend on the distance and necessary services. It is also required to buy some equipment, so you should pay for:

• $95 for a medium turnout blanket
• $70 for turnout sheet
• $20 for a bottle of fly spray
• $29 for a fly mask
• $40 for a grooming set
• $20 for shampoo and conditioner

The estimated costs for this purpose are about $265 a year.

Horse Insurance Cost

It is wise to have insurance that can be:

• Full or limited mortality
• Major medical
• Surgical
• Loss of use
• Personal liability

Estimated insurance cost at a value of at least $15,000 is $400 to $1,000 annually.

Summary

As you can see, having a horse can be highly expensive, but probably less than you have expected. The overall costs will depend on the animal you choose, the way of feeding and boarding it. Plus, they will vary based on your location and equipment.

On the other hand, you can make up your mind for a cheaper option and lease a horse. That way, you can ride it every week for a reasonable fee, without the additional costs for your own horse.