HORSES: ECONOMIC IMPACT IN THE U.S.
- According to the American Horse Council’s 2018 Economic Impact Study, the equine industry contributes approximately $50 billion in direct economic impact to the U.S. economy, and has a direct employment impact of 988,394 jobs.
- Additionally, the industry itself contributes $38 billion in direct wages, salaries, and benefits. From those direct effects, the horse industry’s contribution ripples out into other sectors of the economy. Adding these ripple effects results in an estimate of the total contribution of the horse industry to the U.S. economy of $122 billion, and a total employment impact of 1.7 million jobs.
Estimated number of horses in the U.S.
7.2 million
Estimated number of horses by activity
Recreation : 3,141,449
Showing : 1,227,986
Racing : 1,224,482
Working : 537,261
2019 USEF Member Demographic Profile
- 85% Female
- Average age: 39
- 66% have a college degree
- Average income of $185,000
- Average net worth of $955,000
- Own an average of four horses
- Compete at least six times per year
- Average home value is $600,000
- 22% own two or more homes
- Own three vehicles
- 40% own a farm; 66% of those are 10 acres or more
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