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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.
The ongoing annual cost of ownership may also be a bit lower: According to the ASPCA, youâll pay about $670 a year for food, litter, medical care, and other costs, while a dog may cost as much as $875. Remember to factor in lifespan, though. According to PetMD, you may have your cat a bit longer than your dog.