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Kelly Giffear and Brittany Scott projected yearly costs for raising small, medium, large and giant breeds. The average cost for the first year of raising small dogs was $2674; medium dogs on the average cost $2889; the cost for large dogs is $3239 and giant breeds such as Great Danes have an annual cost of $3536. The average first year cost across all sizes was $3085.
According to the veterinary charity People's Dispensary Sick Animals, the lifetime cost of owning a cat is estimated to be around Â£17,000, while a dog can cost between Â£16,000 and Â£31,000 â depending on the size of the dog and the amount it eats. Rabbits cost an astonishing Â£9,000 over a lifetime, PDSA claims.