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Simple pasture boarding can cost as little as $100 a month. However, stable boarding can cost $500 or more. If you plan to keep your horse on your own land, youâll also need to consider whether the property is adequately equipped. First, you'll need about two acres of good pasture per horse for grazing.
In addition to the initial purchase, there is a laundry list of other costs you as the owner will be responsible for. By year's end, an average owner can expect to pay $60,000 per horse for training, boarding and other expenses [source: Wharton ].Here are a few of those costs: 1  Day Rate: This is the rate owners pay to train, house and feed their horses at the track. The average fee can range from $45 to $120 a day per horse [source: Wharton 2  ]. Owners who race at major tracks can expect to fork over $34,000 a year in training fees [source: theracinggame.com 3  ]. Shoeing: Although horses don't wear high-heeled Jimmy Choos, the cost of keeping a horse in shoes is just as expensive.