Americans Spend $690 on Their Pets And Cincinnati Residents Are the Most Pet-Obsessed

From: LendingTree.com 

CHARLOTTE, N.C., April 5, 2022 /PRNewswire/ – LendingTree®, the nation’s leading online loan marketplace, released its study exploring pet ownership across the U.S. With April 11th marking National Pet Day, the survey found that women, baby boomers, and Cincinnati residents are the most pet-obsessed. Women spend more on pets than men, baby boomers spend more on pets than any other generation, and the Cincinnati metro area has more pet stores than any other metro area in the U.S., per capita. Additionally, the study uncovered that American households spend an average of $690 on their pets.

• Cincinnati is the most pet-obsessed U.S. metro. A breakdown of data from the 50 largest U.S. metros shows the Ohio metro has 1.93 pet stores per 1,000 businesses — the most in the nation. Bridgeport, Conn. (1.89), and Buffalo, N.Y. (1.83), rank next.
• Birmingham, Ala., is the least pet-obsessed U.S. metro. The Alabama metro has 0.77 pet stores per 1,000 businesses. San Jose, Calif. (0.90), and Oklahoma City (1.02) are just ahead.
• Pet spending has risen 50% and households spend an average of $690 on pets, up from $460 since 2013. From 2013-to-2020, overall spending rose 20%, meaning pet spending grew 2.5 times faster.
• Women spend more than men on pets. Single women spend an average of $504 a year on pets while men spend an average of $381.
• Baby boomers spend the most on pets. People born between 1946 and 1964 spend an average of $834 on pets. Gen Xers spend $700, millennials spend $695, and Gen Zers spend $42 on their pets.

The Most Pet-Obsessed Metro Areas:

1. Cincinnati, OH
2. Bridgeport, CT
3. Buffalo, NY
4. Columbus, OH
5. Seattle, WA
6. Philadelphia, PA
7. Portland, OR
8. Tampa, FL
9. Hartford, CT
10. Providence, RI

To view the full report, visit
https://www.lendingtree.com/personal/pet-obsessed-metros-study/

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