Equestrian ($100,000 a year + the cost of the horse) Riding horses is expensive no matter what level you’re at. They say buying the horse – which can run up to $100,000 for a show breed – is the cheapest part. After that, there are annual costs for stabling and grooming ($10,000-$40,000), vet costs ($1,500- $4,000), equipment ($5,000-$7,000), shoeing ($1,800), training lessons ($300/hour), and club membership (varies). On top of all that, there is a hefty fee for entering competitions ($800-1,000), not to mention the travel expenses to get the team and the stable there. According to Bloomberg, in total, owning a show horse can set you back $174,631.