Exercise Is Getting More Expensive
More than 56% of respondents said their preferred way of exercising has gotten more expensive over the past year. More than 33% said their costs rose by up to $199. More than 20% reported increases of $200 to $399. Another 14% said their preferred workout method costs $1,000 to $1,999 more than it did before.
A big reason for this jump is the growing cost of connected fitness memberships, like Peloton or Tonal, along with higher monthly prices at premium boutique studios. The vast majority of respondents said they would exercise more often if it cost less.
How Americans Are Cutting Fitness Costs
To lower costs, 45% said they have exercised less or taken fewer classes. Another 42% joined a less expensive gym. And 40% said they have turned to coupons to help manage the cost of staying active.
If money were not a factor, many respondents said they would spend more on fitness experiences. Among people not already doing these things, 51% would go to the gym, 50% would take classes like Pilates or Orangetheory, 45% would build or use a home gym, and 40% would hire a personal trainer.