Why Veterinary Costs Are Climbing — and How Pet Owners Can Prepare

Keeping up with veterinary care is an important part of responsible pet ownership, but the price of an exam can still come as a shock.

Vet expenses have risen sharply, and tests and surgeries can now run into the thousands. Preparing ahead of time for routine care and emergencies can make those necessary visits easier to manage.

What is driving higher vet prices

A Synchrony Bank report published in 2025 found that estimated lifetime pet care costs have increased by nearly 12% for dogs and 20% for cats since 2022.

According to the American Veterinary Medical Association, one reason is that clinics are dealing with higher costs for supplies, medications, utilities and other essentials. Advances in veterinary medicine have also made more sophisticated treatments available, though those procedures are often more expensive. Longer pet lifespans are another factor, since older animals typically need more care and more frequent checkups. On top of that, the industry is being strained by a shortage of veterinarians.

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How to get ready

Bank of America recently reported that 29% of lower-income households are living paycheck to paycheck. For families in that position, an unexpected veterinary bill could seriously strain finances.

Because a pet may need care at any time, it helps to plan ahead so a surprise expense does not force you into credit card debt. One option is to build a dedicated pet emergency fund little by little. Putting aside $50 a month in a separate account for pet costs adds up to $600 a year. Younger pets may need fewer vet visits, so those savings can be reserved for a larger procedure later in life.

It can also help to revisit your budget and trim spending where possible, such as unused subscriptions. In some cases, reducing costs in bigger categories like housing or transportation can free up even more money. Increasing income is another route, whether through asking for a raise, changing jobs or taking on side work.

Pet owners may also want to look into insurance plans that can offset emergency expenses. Coverage can help with reimbursement for diagnostic tests, hospitalization, surgery and other treatments, but it is important to compare premiums, benefits and other terms carefully. You can also ask your veterinarian whether payment plans are available to spread a large bill over several monthly installments.